Leadership and organisation matter

In a new survey, executives say senior-leader involvement and the right organisational structure are critical factors in how successful a company’s analytics efforts are, even more important than its technical capabilities or tools.

The global survey completed by McKinsey & Company reveals that executive respondents say their organisations pursue data and analytics activities for a range of reasons, most often to build competitive advantage or improve the customer experience. They also shared that senior-leader involvement and the right organisational structure are critical factors in how successful a company’s analytics efforts are, even more important than its technical capabilities or tools. Whatever the motivation, companies have found mixed success:

86 percent of executives say their organisations have been at best only somewhat effective at meeting the primary objective of their data and analytics programs, including more than one-quarter who say they’ve been ineffective.

Read the full article and survey results below:

about encompass

Founded in 2011 by entrepreneurs Roger Carson and Wayne Johnson, and operating from the UK, encompass is the creator of unique, innovative Know Your Customer (KYC) software for banking, finance, legal and accountancy that enable better, faster commercial decisions. The company is driven by the belief that the best decisions are made when people understand the full picture.

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