McKinsey recently revisited their 2011 research on the potential of data and analytics to reshape entire industries. They argue that the opportunity has grown significantly since then, and that adoption has been very uneven. The gap between the leaders and the laggards is wider than ever as a result. As per the table below, they report that: ‘The greatest progress has occurred in location-based services and in retail. In contrast, manufacturing, the public sector, and health care have captured less than 30 percent of the potential value.” Looking further out they reckon: “an even bigger wave of change is looming on the horizon as deep learning reaches maturity, giving machines unprecedented capabilities to think, problem-solve, and understand language.“ Anyone wondering how tech is going to reshape business in coming years should read the 28-page Exec Summary available via this link: (VIEW LINK)
Alex has a decade in the production and distribution of research for financial institutions and investment publications. He supported Livewire at its launch before then joining the team as Editorial Director.