IT Is Missing Real-Time Data Analytics Opportunities
IT Is Missing Real-Time Data Analytics Opportunities
By Dennis McCafferty
Existing Problem
97% of surveyed organization decision makers said they are challenged by the data they have.
Tech Issue
Just 26% of those surveyed said their IT department supports their need for the real-time analysis of data.
Losing Faith
Only one out of five are confident in the reliability, accuracy and completeness of their data.
Underutilized Asset
68% said their organization cannot use real-time data, and 61% said they can’t mine it. Meanwhile, 57% said they can’t act upon it.
Time Consideration
87% said it’s important to make operational decisions swiftly, but 85% still experience issues in attempting to do so because they can’t use their data quickly enough.
Fallout Factor: Market Loss
41% said they risk missed revenue opportunities because they can’t make operational decisions in a timely fashion.
Fallout Factor: Faulty Conclusion
37% said they can encounter poor decision making when operational decisions are delayed.
Fallout Factor: Fuzzy Forecast
27% said they hurt their ability to predict future patterns when they can’t make operational decisions quickly enough.
20/20
74% said that obtaining greater visibility over internal processes could lead to operational improvements.