At West Monroe Partners, how would you explain benchmark data to a client and its importance?

Benchmarking data is often an overlooked piece of information for organizations to consider when factoring their performance against industry competition. In the end, businesses are in competition and to gain an edge over their rivals, proper benchmarking needs to be done to get a true comparison. As an expert consultant to their clients, the leadership team at West Monroe Partners and your interviewer will expect you to know the importance of benchmarking.