Companies need to increase revenues, lower costs, and delight customers - No small task
According to a recent McKinsey study, “Companies need to increase revenues, lower costs, and delight customers. Doing that requires reinventing the operating model. Companies know where they want to go. They want to be more agile, quicker to react, and more effective. They want to deliver great customer experiences, take advantage of new technologies to cut costs, improve quality and transparency, and build value.
The problem is that while most companies are trying to get better, the results tend to fall short: one-off initiatives in separate units that don’t have a big enterprise-wide impact; adoption of the improvement method of the day, which almost invariably yields disappointing results; and programs that provide temporary gains but aren’t sustainable.”
At DIGINTEL, our advanced analytics, when democratized and scaled across the enterprise, delivers on-going insights enabling the best ideas to bubble up from anywhere. These insights, when acted upon, drive innovation, new ways of thinking about your business and industry, and can improve operational and financial performance.
According to a Bain & Co. survey, companies leading the charge for building advanced analytics are:
Twice as likely than others to be in the top quartile within their industries for financial performance.
Five times as likely to make decisions more quickly than their peer companies.
Three times as likely to execute decisions as intended.
Twice as likely to rely on data, using it very frequently when making decisions.
Out Perform Your Rivals
The Digital World Requires New Business Models
Top Barriers to Executing Digital Strategy
According to PwC
inflexible or slow processes
Integration of new and existing technologies
lack of properly skilled teams
Ineffective third party partners
Lack of alignment/clarity on roles and responsibilities
With consumers and companies becoming increasingly connected, and boundaries ever more blurred, traditional business intelligence, tribal knowledge, working on hunches, and that’s the way we’ve always done it are not good enough. The speed of innovation, globalization, emerging technologies and the availability of new data sources provide multiple opportunities for you to gain new insights that will help you develop new ways of thinking about your markets, channels, customers, and products in terms of the future instead of the past.
DIGINTEL is committed to the democratization of knowledge and scaling knowledge across a group, community, network, or the enterprise. Information is the lifeblood of any organization. It is expected to increase 10x by 2020 to 44 Zetabytes.
DIGINTEL’s Ecosystem Partnership with IBM and our DIGINTEL Intelligence Plaza leverages world-class cognitive technology tools providing a richer understanding and new insights required to simplify the complex, optimize financial and operating performance, and enable better decision making more effectively.