The Intersect Group has identified both a need and an area of opportunity at the intersection of Business Analytics and staff augmentation. Unlike other staffing providers, The Intersect Group utilizes its CoE strategy to give clients access to:
60 percent of businesses believe it is harder to source talent for data and analytics positions than for any other roles. —McKinsey Analytics, 2018
Disruption will happen to you and your industry in wave after wave. These disruptions will vastly increase the amount of available data. Companies, too often only see a crushing volume of data when they should see an opportunity to elevate their business strategy and effectiveness.
90% of enterprise analytics and business professionals currently say data and analytics are key to their organization's digital transformation initiatives. —MicroStrategy 2018 Global State of Enterprise Analytics Report
By utilizing the surplus of data available, you can put your organization ahead of disruptions in your industry, leveraging the information to strengthen your position relative to your competitors. In addition to better data availability, companies now have access to data-driven tools and strategies that allow them to learn more about their customers and themselves than ever before. But not everyone is taking advantage of them.
Data-driven organizations are 23 times more likely to acquire customers, six times as likely to retain customers, and 19 times as likely to be profitable as a result. —McKinsey Global Institute
As organizations become savvier, information becomes the key to competitive advantage, meaning a company's ability to compete will increasingly be driven by how well it can leverage data, apply analytics and implement new technologies. In fact, according to the International Institute for Analytics, by the end of 2020, businesses taking advantage of data will see $430 billion in productivity benefits over competitors who are not using data.
Insights-driven businesses are growing at an average of more than 30% each year, and by 2021, they are predicted to take $1.8 trillion annually from their less-informed peers. —Forrester Insights-Driven Businesses Set the Pace for Global Growth Report
Business Analytics can be applied across industries and markets to better understand and manage business areas such as:
With these capabilities in place, companies will be better positioned to:
A few ways that Business Analytics can help companies make smarter, data-driven decisions: