Current challenges of organisations
In a rapidly changing global business environment, the pressure on organizations to make accurate and timely decisions has never been greater. The ability to identify challenges, spot opportunities, and adapt with agility is not just a competitive advantage but also a requirement for survival.
Traditionally, business consultants have helped organisations take decisions by their domain expertise and used frameworks while technology consultants leveraged latest technologies to fulfil the organisational needs. In today's world, the business / technology consultancy firms don’t have enough competencies and hence, fail to support today's business leaders in taking vital decisions at a critical juncture.
Many Analytics firms were founded within a short period of time to address this very same gap and every company position themselves to have the ability to coax the clients to take data driven decisions. As this industry is still primitive, many companies take way too long time in solving a problem because they are either using the wrong data or wrong metrics and most of the time, they miss the big picture. This result in high cost for the clients and more often than not, the clients do not get the directions on time and the decisions tend to fail by giving a poor ROI.