Transformative Impact of Data and Analytics on Competition PPT

This PPT slide, part of the 23-slide Building Blocks of Data Monetization PowerPoint presentation, presents an analysis of how data and analytics have transformed competition within various industries over the past 3 years. It highlights that 70% of executives surveyed acknowledge significant changes due to the rise of data-focused entrants. The chart categorizes the extent of these changes, revealing that 36% of respondents perceive a moderate change, while 26% see it as significant. Only 8% consider it a fundamental shift, and 7% report no change at all.

The slide further details specific changes in competitive dynamics. A substantial 50% of executives note that new entrants are launching data-and-analytics businesses that challenge traditional competitors' value propositions. Traditional players are not standing still; 36% indicate they are enhancing their core operations through data and analytics. Additionally, companies are leveraging previously untapped data insights, with 36% reporting this trend.

The introduction of new products, including analytics services, is also highlighted, with 27% of respondents acknowledging this shift among traditional competitors. Partnerships along the value chain are gaining traction, as noted by 21% of executives. Furthermore, 18% report that traditional firms are establishing new data-and-analytics-related businesses, while 7% are pooling their data into shared utilities.

This slide underscores the urgency for organizations to adapt to these changes. The insights provided can guide strategic decisions, emphasizing the need for innovation and collaboration in the face of evolving competition driven by data and analytics.

This slide is part of the Building Blocks of Data Monetization PowerPoint presentation.

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