Three Key Trends in Data and Analytics

Organizations, profit and non-profit, all over the world are looking at leveraging data and analytics (D&A) for improved business performance. A report from MIT says, digitally mature firms are 26% more profitable than their peers. McKinsey Global Institute indicates that data-driven organizations are 23 times more likely to acquire customers, six times as likely to retain customers, and 19 times more profitable. Against this backdrop, what are the key data and analytics trends that companies can adopt today and be better prepared for the future? In this presentation, Mr. Southekal will talk about three key data and analytics trends for improved business results. Specifically, he will give an overview of each trend, discuss the rationale as to why each trend matters in today’s business environment, and offer prescriptive recommendations on the required capabilities so that organizations can prepare themselves to harness each of the data and analytics trend.  

Speaker: Prashanth Southekal, PhD, MBA

Managing Principal, DBP Institute

Dr. Prashanth Southekal is a Consultant, Author, and Professor. He has consulted for over 80 organizations, including P&G, GE, Shell, Apple, FedEx, and SAP. Dr. Southekal is the author of two books — “Data for Business Performance” and "Analytics Best Practices” — and writes regularly on data, analytics, and machine learning in Forbes and CFO.University. His second book, ANALYTICS BEST PRACTICES was ranked a #1 analytics books of all time in May 2022 by BookAuthority. He serves on the Editorial Board of MIT CDOIQ Symposium, is an Advisory board member at BGV (Benhamou Global Ventures), a Silicon Valley-based (Menlo Park) venture capital firm, and is a Data and Analytics Advisor at Evalueserve (CH), Grihasoft (IN), uArrow (SG), Astral Insights (US), and Miles Education (IN). Apart from his consulting and advisory pursuits, he has trained over 3,000 professionals worldwide in Data and Analytics. Dr. Southekal is also an Adjunct Professor of Data and Analytics at IE Business School (Madrid, Spain) and CDO Magazine included him in the top 75 global academic data leaders of 2022. He holds a Ph.D. from ESC Lille (FR) and an MBA from Kellogg School of Management (US). He lives in Calgary, Canada with his wife, two children, and a high-energy Goldendoodle dog. Outside work, he loves juggling and cricket.