Big Data Analytics: Accelerating Innovation and Value Creation

Abstract

In this report, we synthesize the literature on five interrelated themes to determine the state of knowledge, and possible gaps, regarding the key factors that facilitate or inhibit an organization’s ability to harness the value of big data. The themes are (1) the prerequisites for successful deployment of big data analytics, (2) the mix of knowledge, skills and capabilities for careers in big data analytics, (3) the application of big data analytics for creativity, innovation, and value creation, (4) the challenges in harnessing value from big data initiatives, and (5) the role of government policies in advancing big data analytics in the economy.