Being able to analyze an ever-increasing volume and variety of information now sits at the top of the business agenda as organizations grapple with gaining real insights that help improve business performance and proactively manage risk. However, most organizations have made only modest progress at a strategic level and have yet to develop a comprehensive framework for how to drive value.
For this reason, EY has established a Global Analytics Center of Excellence (COE) and will commit some $500m, multi-year investment to deliver transformational change to clients by combining analytics with business acumen, domain and functional skills.
Chris Mazzei, EY Global Analytics COE leader and Global Chief Analytics Officer, says: "For business leaders, analytics is no longer just a technology issue, it is a strategy and operational issue. Big data and analytics is a disruptive innovation that is transforming our everyday lives. Enterprises need a holistic plan for creating competitive advantage, identifying opportunities and ultimately measuring value. We are seeing the emergence of the chief analytics officer as more of a senior-level change agent, with a unique combination of skills in business, mathematics and technology."
