Carnegie said the enterprise value associated with data and analytics was one of the most enduring areas a company can invest to get a competitive advantage.
“For me, the whole big data conversation is probably in my mind one of the most overhyped in some areas,” she said. “But also probably one of the most underestimated things that going to happen in our generation of business leaders.”
When she first joined the banking sector, Carnegie said one of her first concerns was whether the industry had the time to drive the change the industry needs.
“I think we do,” she said. “I wouldn’t have joined if I didn’t – but there are many people sitting in industries that are going to face the precipice – and you need to make that change.”
For most sectors, some parts of the transition are straightforward, the “faster, easier, cheaper” application of data and analytics, Carnegie says.
“What actually takes more time is actually understanding the massive disaggregation and reaggregation it’s going to cause across whatever industry they are in.”
She also touched on China’s changing approach to data and analytics, data disruption in the payments sector and what industry leaders are doing in their approach. Listen to the podcast above to find out more.
Andrew Cornell is managing editor at bluenotes