Advanced Analytics Arises Across the Enterprise

By Michael Vizard  |  Posted 08-15-2013
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There has always been tension between what businesspeople think they know and what the numbers often prove. Now that advanced analytics applications are getting easier to use, however, business executives are increasingly putting a lot more faith in the numbers. A new survey of 600 business executives with titles of director or above, conducted by Accenture, finds that usage of predictive analytics is up sharply over the last time the consulting firm did a similar study in 2009. It's clear that many business executives are still favoring their gut when it comes to making decisions, but the willingness to compare gut instinct against the numbers is now much higher. Unfortunately, the Accenture survey also makes it clear that CIOs still have data quality issues to deal with before everybody is completely satisfied with the results of their investments in advanced analytics.

A Surge in Advanced Analytics Interest in advanced analytics over the last three years is way up: Predictive analytics: 33%, Retrospective: 29%, Both predictive analytics and retrospective equally: 28%, Don't Know: 10%

Advanced Analytics Arises Across the Enterprise
Mike Vizard has been covering IT issues in the enterprise for 25 years as an editor and columnist for publications such as InfoWorld, eWeek, Baseline, CRN, ComputerWorld and Digital Review.

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