With almost every industry now impacted by Covid-19, the need for a strong digital component to business has become clear. Take, for instance, the retail industry. Traditional brick and mortar stores, already suffering at the hands of go-to online behemoths and subscription and sharing start-ups, have now been dealt an even bigger blow with doors shuttered for weeks and seasonal inventory sitting still.
Constellation Research reveals that digital leaders, like those in the retail industry, aren’t just creating a digital divide—they’ve set the stage for a winner-take-all market. Overall, digital leaders are now taking up to 69.8% of market share, and in profits, they lead with 77.1%. "Using data-driven business models, digital leaders are able to create an unfair advantage, and it’s happening in every single market and every single industry," says Constellation founder and Disrupting Digital Business author Ray Wang. And with Covid-19, this unfair advantage is only accelerated and exacerbated.
In The Future of Data in Digital Transformation, the analyst and author says if your organization hasn't made the shift to a data-driven digital business model, you’re running out of time. "If you're not making the shift—if you’re not even moving in that direction—you're probably going to be merged, be acquired, or go bankrupt," warns Wang.
Now more than ever, "organizations have to figure out what is their data strategy, how they're going to build data-driven business models—and more importantly, how much they're going to invest in the talent that's required to help them make better decisions." According to MicroStrategy’s 2020 Global State of Enterprise Analytics Report which surveyed 500 analytics and business intelligence decision makers from around the world, 45% of organizations are now leveraging analytics to develop new business models, and 65% say they plan to invest more in talent with data and analytics skills this year.
In a similar survey of more than 500 analytics and business intelligence professionals, 68% say their brand’s analytics use has increased due to the impact of Covid-19. This aligns with a recent OpsRamp survey that reveals 73% of IT operations and DevOps teams expect to either accelerate or maintain their organization’s digital transformation spending due to the pandemic.
Tricia Morris is Director Social Media & Content Marketing at MicroStrategy.
7 november (online seminar op 1 middag)Praktische tutorial met Alec Sharp Alec Sharp illustreert de vele manieren waarop conceptmodellen (conceptuele datamodellen) procesverandering en business analyse ondersteunen. En hij behandelt wat elke data-pr...
11 t/m 13 november 2024Praktische driedaagse workshop met internationaal gerenommeerde trainer Lawrence Corr over het modelleren Datawarehouse / BI systemen op basis van dimensioneel modelleren. De workshop wordt ondersteund met vele oefeningen en pr...
18 t/m 20 november 2024Praktische workshop met internationaal gerenommeerde spreker Alec Sharp over het modelleren met Entity-Relationship vanuit business perspectief. De workshop wordt ondersteund met praktijkvoorbeelden en duidelijke, herbruikbare ...
26 en 27 november 2024 Organisaties hebben behoefte aan data science, selfservice BI, embedded BI, edge analytics en klantgedreven BI. Vaak is het dan ook tijd voor een nieuwe, toekomstbestendige data-architectuur. Dit tweedaagse seminar geeft antwoo...
De DAMA DMBoK2 beschrijft 11 disciplines van Data Management, waarbij Data Governance centraal staat. De Certified Data Management Professional (CDMP) certificatie biedt een traject voor het inleidende niveau (Associate) tot en met hogere niveaus van...
3 april 2025 (halve dag)Praktische workshop met Alec Sharp [Halve dag] Deze workshop door Alec Sharp introduceert conceptmodellering vanuit een non-technisch perspectief. Alec geeft tips en richtlijnen voor de analist, en verkent datamodellering op c...
10, 11 en 14 april 2025Praktische driedaagse workshop met internationaal gerenommeerde spreker Alec Sharp over herkennen, beschrijven en ontwerpen van business processen. De workshop wordt ondersteund met praktijkvoorbeelden en duidelijke, herbruikba...
15 april 2025 Praktische workshop Datavisualisatie - Dashboards en Data Storytelling. Hoe gaat u van data naar inzicht? En hoe gaat u om met grote hoeveelheden data, de noodzaak van storytelling en data science? Lex Pierik behandelt de stromingen in ...
Deel dit bericht