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Leveraging Big Data for Digital Transformation: Business Optimization or Creative Destruction?

Leveraging Big Data for Digital Transformation: Business Optimization or Creative Destruction?

This IDC study explores the implications of companies' widening use of digital information as a core component of their connection to their ecosystem. It also explores the increasing use of big data and analytics (BDA) as a tool to inform companies about interacting with their markets, creating new customer experiences, and delivering new products or services. There is, in fact, a significant challenge in assuming that BDA will always deliver positive results. For this reason, this study advises senior planning executives about three possible outcomes when using big data and analytics. For those who successfully grasp the implications of their role in shaping the outcome of complex data and information analyses, a wise choice among these options can enable a competitive edge in creating new digitally enabled products, services, and experiences."The future of digital transformation and the business lies in the hands of business leaders," says Fred Magee, adjunct analyst with IDC's Research Network. "As confusing as it may be, the emergence of a digital future will require executives to take the lead in reimagining their enterprises and transforming their business models."

Please Note: Extended description available upon request.


IDC Opinion
In This Study
Situation Overview
Napsterization Disintermediation Creative Destruction
BDA Outcome 1: Expectation Meets Reality
BDA Outcome 2: New Opportunities
BDA Outcome 3: Data Discarded, Increased Competitive Risk
Surviving BDA: Awareness or Despair?
Key Success Factors
Future Outlook
Essential Guidance
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Related Research
Appendix
IT Executive Program Research Agenda
Synopsis

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