November 12, 2018

Business analytics

Deloitte Poll: One-Third of Companies Don’t Have the First Damn Clue About Business Analytics

You can try to blame the Obama Administration’s anti-business policies but you really only have yourself to blame. Get with it people.

Business analytics represents the ability to rapidly harness massive amounts of data for modeling complex situations and predicting potential outcomes and alternatives. This presents enormous potential value for business leaders to make more informed, fact-based and ultimately better business decisions. Yet, in a recent Deloitte webcast poll of more than 1,900 technology executives and business professionals, approximately one-third of the participants either didn’t know if their organization utilized business analytics – or even if they had business analytics capabilities at all.

“Mind-boggling,” said John Lucker, a principal with Deloitte Consulting LLP, leader of its Advanced Analytics and Modeling practice, and one of the webcast presenters. “Organizations have ever more depth and breadth of information readily available within their grasp, and the technology and methods to extract and help synthesize the data are well proven. When you see the low levels of adoption, you have to ask the question, ‘Why aren’t more companies doing it?'”

Deloitte Webcast Poll: One-Third of Organizations Have Limited or No Business Analytics Capabilities [PR Newswire]