Building an effective analytics organization

Building an effective analytics organization

To maximize the potential of advanced analytics, banks and payments providers need to design an organizational structure that supports the mission.

As companies recognize the predictive power of advanced analytics, many are hoping to use AA to drive their business decisions and strategies. While most companies understand the importance of analytics and have adopted common best practices, fewer than 20 percent, according to a recent McKinsey survey, have maximized the potential and achieved AA at scale.

With this in mind, McKinsey conducted an extensive, primary research survey of over 1,000 organizations across industries and geographies to understand how organizations convert AA insights into impact, and how companies have been able to scale analytics across their enterprise. This article describes how to design, implement, and develop the right organization and talent for an AA transformation.

To download the article, please click on the link below.