The Business Value Problem with Analytics

5 min read

Analytics has a value problem. This is not new. In fact, we have been talking about this for decades. That notorious failure rate to meet expectations from analytics has been stuck at 60-70% for as long as I can remember. When we really think about it, this is abysmal. Imagine if you didn’t meet your job expectations 60-70% of the time—you wouldn’t have a job! The number of analytics produced but do not see the light of the day is astounding. Stories about models idly sitting on shelves have been around for decades. If they are not used, they do…...

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Michiko Wolcott Michiko is currently the managing partner and principal consultant of Msight Analytics, a management consulting firm specializing in data and analytics. Backed by 20 years of experience in analytical project execution and delivery, she has helped organizations of all sizes in the development of enterprise capability and effectiveness in data and analytics. She has led multi-national analytical consulting practices, with clients and colleagues from across the globe in financial services, media and communications, retail, healthcare, life sciences, public sector, as well as humanitarian response and disaster management, and has spoken at many industry conferences and forums. Her prior responsibilities include serving as the Lead Data Scientist at North Highland and leading the international analytics practice at Equifax as the Vice President of International Analytics. Michiko holds a Master of Science degree in Statistics from Florida State University among other degrees from Florida State University and the Peabody Conservatory of the Johns Hopkins University.