Bain's Advanced Analytics practice provides three services to clients:
- We develop advanced analytics strategies, helping clients derive competitive advantage from their data assets and analytic capabilities.
- We deploy advanced analytics for decision support, helping clients improve operational effectiveness and efficiency through innovative uses of data and analytics.
- We help clients build the advanced analytics organization and capabilities required to execute strategies and deploy decision support applications. We support organization and capability building with our unique approach to change management, called Results Delivery®.
These three services are tightly integrated with Bain's broader industry and consulting services expertise. And, while some sectors are further along than others when it comes to deploying analytics, Big Data presents opportunities for all companies to increase performance. In fact, Bain research demonstrates that the competitive edge to be gained from analytics is real: companies that are able to use analytics insights to change the way they operate or to improve their products and services are twice as likely to be in the top quartile of financial performance within their respective industries.
The Advanced Analytics practice is supported by Bain's Advanced Analytics Group (AAG), a team of advanced analytics professionals and data scientists, with advanced degrees in fields ranging from statistics and applied mathematics to computer sciences. The team applies state-of-the-art techniques and is equipped with the latest tools and technology. Depending on the engagement, AAG team members can act as advisors, executors of key tasks, or full team members supporting a multitude of analyses, including: predictive modeling, customer segmentation, experimental design, pricing optimization and more. AAG members also help Bain case teams develop the best approach to their clients' challenges, combining analytical rigor and business pragmatism.