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Using agile to accelerate your data transformation

Data-management issues can undermine companies’ ability to create value from analytics. Some businesses are using agile principles to make sure data are available when and where they are needed.

In too many companies, the benefits of data remain undefined. About 60 percent of banks, for instance, say they have never quantified the potential value to be gained from investments in data-migration tools and capabilities.2Without a clear vision and outcomes-based metrics to guide executives’ strategies and decisions, data-transformation projects can drag on for years.

Businesses must generate analytics-based insights much faster than that. They need a coordinated data-management program that explicitly involves the business and can be deployed across multiple functions and business units.

Discover the McKinsey blog by clicking here.