Ninety percent of C-suite responders to the EY-Forbes Insights Data Analytics Survey (India) 2017 affirmed they have already made investments in data analytics, and will continue to do so in the near future. They are also putting in place analytics solutions for continuous risk monitoring to further strengthen risk management. However, for all the talk of transformational power of data analytics, there is an undercurrent of scepticism developing among the C-suite on the likely returns on their investments in data analytics. What is causing this dichotomy where, on the one hand, the C-suite is all gung-ho about investing in data analytics but, on the other hand, there appears to be a disconnect in promise and pay-off of analytics investments? Organizations at the start of their analytics journey typically look outside for inspirations and hence end up prioritizing analytics solutions that have worked well in their industry.

Source: Mint December 27, 2017 20:15 UTC