Part 2/11:
Malik begins with a compelling perspective on the scale of investment in data and analytics within large corporations. Using a hypothetical $50 billion revenue company, he illustrates that typically less than 1%—around $400 million—is allocated toward data analytics, representing only a fraction of the total IT spend. Despite the huge potential, many organizations underinvest in analytics, missing out on opportunities to improve operational efficiency and revenue growth.
He emphasizes that even marginal improvements—say a 20% increase in project efficiency—can unlock hundreds of millions of dollars in value, creating a cycle of continuous growth. The challenge lies in achieving these efficiencies swiftly and effectively.