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U.S. retailer supply chain operations who have adopted data and
analytics have seen up to a 19% increase in operating margin over
the last five years.
These and many other insights are from the McKinsey Global Institutes study The
Age of Analytics: Competing In A Data-Driven World published in collaboration
with McKinsey Analytics this month. You can get a copy of the Executive
Summary here (28 pp., free, no opt-in, PDF) and the full report(136 pp., free, no
opt-in, PDF) here. Five years ago the McKinsey Global Institute (MGI) released Big
Data: The Next Frontier For Innovation, Competition, and Productivity (156 pp.,
free no opt-in, PDF), and in the years since McKinsey sees data science adoption
and value accelerate, specifically in the areas of machine learning and deep
learning. The study underscores how critical integration is for gaining greater
value from data and analytics.