Big Data continues to be the buzzword of the industry. Companies are embarking on Big Data initiatives to better understand their customers and make more informed decisions. Chief Procurement Officers should only care about this new world of data and associated technologies insofar as their ability to enable new and valuable applications. And they must consider not only whether Big Data initiatives can collect data but also whether they can transform data into insight and insight into impact. But what is the reality today? Are companies realizing the true value of Big Data for Procurement? How will Big Data impact Procurement's operating model? And how can they successfully get there? In this session, Oliver Wyman will share the results of the SIG/Oliver Wyman Study on Big Data and shed light on how to evaluate the potential of a Big Data initiative.