Some executives remain overwhelmed by the well-documented “data deluge” – 60% still say they “have more information than we can effectively use.” But research now shows that leaders of the smartest organizations have moved past “overwhelmed” and are already capitalizing on increased information richness and analytics to gain measurable competitive advantage.
How are they doing it? In what ways are top-performing companies exploiting data that their competitors are not? What pivotal new management practices are emerging as organizations figure out not only how to know more about their businesses, but how to act on those insights from the highest levels of strategy-making to the day-to-day front lines?
To answer those questions and more, the MIT Sloan Management Review in collaboration with the IBM Institute for Business Value conducted a global survey of nearly 3,000 executives, as well as in-depth interviews with leading researchers. This MIT Sloan Management Review Special Report is the result.