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Generating Insights in a Hyperconnected and Data-Driven World Kumar Mehta, PhD Reed Cundiff

Generating insights in a hyperconnected and data riven world

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Page 1: Generating insights in a hyperconnected and data riven world

Generating Insights in a Hyperconnected and Data-Driven World Kumar Mehta, PhD Reed Cundiff

Page 2: Generating insights in a hyperconnected and data riven world

Data and Analytics are the new source of competitive advantage

Data/Analytics Cost/Process

Until 1990s

Technology

2010 Onwards

Page 3: Generating insights in a hyperconnected and data riven world

Crossroads: Reinvention or Irrelevance?

Page 4: Generating insights in a hyperconnected and data riven world

The C-suite Demands Business Results

Customer growth

Revenue growth

Share growth

Page 5: Generating insights in a hyperconnected and data riven world

Consult on Business

Issues

C-suite looks to research to… Why its difficult to deliver:

Deliver Real-time Data

& Insights

Provide a Future View

Generate a 360 View

Increase Business

Impact

Insufficient Delivery Systems

Researchese

Limited Predictive Analytics

Data Silos, Limited Synthesis

Tactical Mindset

Page 6: Generating insights in a hyperconnected and data riven world

7 Critical Steps

Cultivate a Growth Mindset

Observe, Don’t Ask

Synthesize

Democratize Your Data

Disaggregate the Value Chain

Evolve the Industry Business Model

Rethink Your Skill Set

Page 7: Generating insights in a hyperconnected and data riven world

Rethink Your Skill Set Business Outcome Model

Business Consultancy

30% Research Operations

70%

Page 8: Generating insights in a hyperconnected and data riven world

Cultivate a Growth Mindset

Knowing

Cannot risk, cannot fail

Limit feedback, stay on track

Learning and growing

Embrace challenges, learn from failure

Give & get feedback, reflect and iterate

Page 9: Generating insights in a hyperconnected and data riven world

Observe, Don’t Ask

Predict Sales Volume

Identify Trends

Gain a 360° View of Customers

Monitor Social Sentiment

Analyze Search Behavior

Combine Behaviors + Perceptions

Page 10: Generating insights in a hyperconnected and data riven world

Synthesize

Page 11: Generating insights in a hyperconnected and data riven world

Democratize Your Data Information at your fingertips

Page 12: Generating insights in a hyperconnected and data riven world

Disaggregate the Value Chain

Data Collection

Analytics

Synthesis

Page 13: Generating insights in a hyperconnected and data riven world

Evolve the Industry Business Model

Vertical, data collection focused relationships give

way to retainer based relationships

Page 14: Generating insights in a hyperconnected and data riven world

Start the Journey Now

• Rethink Your Skill Set

• Cultivate a Growth Mindset

• Observe, Don’t Ask

• Synthesize

• Democratize Your Data

• Disaggregate the Value Chain

• Evolve the Industry Business Model

Page 15: Generating insights in a hyperconnected and data riven world

Thank you!