Lack of IT Resources Hinders Data Analytics

By Dennis McCafferty  |  Posted 10-21-2013 Email Print this article Print

A recent survey from Lavastorm Analytics presents a classic “good news/bad news” picture. The good news? An overwhelming majority of organizations recognize the rising value of data analytics. In fact, analytics technologies are driving more decisions these days than the classic gut feeling that many company leadership teams depended upon in the past. As for the bad news? An alarming lack of IT resources and tools, as well as required skill sets among employees, is keeping organizations from maximizing the value of existing data. At too many companies, the business side and the IT side work with their own analytics tools, as opposed to working together in a collaborative manner. And talented professionals who are hired on as data analysts spend a stunningly small percentage of their time actually doing data-analytics jobs. (OK, safe to say there's a bit more bad here than good, but admission is the first step toward improvement, right?) More than 425 members of the analytics community, including business analysts, technologists, data-analytics pros, IT managers and C-level execs, took part in the research. For more about the survey, click here.

Dennis McCafferty is a freelance writer for Baseline Magazine.


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