Transformation is hard, but utilizing your data can go a long way, Alteryx says
Along with being the world’s fastest and most exhilarating, it’s probably fair to claim that Formula 1 is also the most data-centric sport around today.
With the ten teams constantly looking for anything to give them an advantage, and sessions and races often decided by tenths of a second or less, making the most of the data generated from Formula 1 cars has never been more important.
McLaren has enjoyed a stellar season so far, and joined forces with its official partner Alteryx to tell TechRadar Pro more about how data can help its race for the championship.Mountains of data
“Organizations have more data than ever before – but still, the vast majority aren’t getting the maximum value out of that data”, notes Alan Jacobson, Chief Data and Analytics Officer (CDAO) at Alteryx, revealing over 80% of industrialized data goes unused – offering a “huge opportunity” to use this data to make better decision.
“The good news is, nearly every organization I meet with clearly understands that the ability to use data and analytics to drive business results is more important now than really ever before.”
However, Jacobson adds some businesses have been slow to deliver this transformation, “because it turns out that transformation is hard – it’s difficult to get an entire workforce upskilled and ready to go – so it’s figuring out how to go on the journey that’s the challenge.
