Making data analytics work: Three key challenges

By now, most industries recognize that "big data" and analytics can boost productivity, make processes more visible, and improve predictions of behavior. "Analytics will define the difference between the losers and winners going forward," says McKinsey Director Tim McGuire.

In this video, he explains how to start thinking about analyzing data, and how to address the key strategic and organizational challenges of implementation by focusing on "the right data, the right modeling capability, and the right transformational methods to have your people act differently and make decisions
differently."


Learn how to understand the challenges and start crafting your plan with our special package, "Big data and advanced analytics" on McKinsey's site, http://bit.ly/McKAnalyticsVids. Join the conversation via the Twitter hashtag, #McKAnalytics (http://bit.ly/McKAnalytics).