IT Management Slideshow: Business Analytics Solutions: What Are They Good For?

Business Analytics Solutions: What Are They Good For?

Strategic analysis60% of respondents say their organizations are currently using business analytics solutions for strategy/planning purposes, the most commonly cited use of analytics.

Business Analytics Solutions: What Are They Good For? - Page 2

Widespread useAbout one third of respondents (34%) say their enterprise has integrated the use of analytics across the entire organization.

Business Analytics Solutions: What Are They Good For? - Page 3

Business units39% of respondents say their organizations are using analytics only in specific business units or divisions.

Business Analytics Solutions: What Are They Good For? - Page 4

Non-playersOnly 3% of respondents say their organizations are not using business analytics at all.

Business Analytics Solutions: What Are They Good For? - Page 5

On the rise58% of respondents say the overall usage of business analytics at their organization has increased "to some extent" during the past 12 months.

Business Analytics Solutions: What Are They Good For? - Page 6

15% of respondents say analytics usage has "increased significantly" in their enterprise over the past 12 months.

Business Analytics Solutions: What Are They Good For? - Page 7

Early Adoptersamong the respondents whose companies have significantly increased their use of business analytics (which the researchers classify as "early adopters"):73% are using business reporting/KPIs/dashboards, 70% are using spreadsheets67% are using forecasting.

Business Analytics Solutions: What Are They Good For? - Page 8

Making decisionsOrganizations on average use analytics for about 40% of their decision-making; the majority of decisions are still based on business experience and intuition.

Business Analytics Solutions: What Are They Good For? - Page 9

Cost reductions37% of respondents say their organizations are addressing, or hope to address, cost reductions by using business analytics.

Business Analytics Solutions: What Are They Good For? - Page 10

Effective tool75% of respondents say the use of business analytics has been "very effective" or "somewhat effective" in helping them make decisions.