Three Key Challenges for Making Data Analytics Work

Hear McKinsey & Company's Director Tim McGuire explain how big data analytics will change the future. “[Analytics] is going to define the difference between winners and losers in most of our industries going forward”, says McGuire.
The three key challenges that companies need to take into consideration are:
  1. Figure out what data you want to use, both internal and external data.
  2. Find the right modeling capabilities to be able to use the data.
  3. Use the data to transform the way the business operates.