Lack of IT Resources Hinders Data Analytics
Useful Tool
83% of respondents say analytics is critical to their organizations, driving day-to-day decisions now more than past experiences, intuition and other factors.
Biggest Barriers for Analytics Initiatives
Lack of skills, training and education: 19%, Lack of funding or resources: 18%, Inadequate executive support: 10%
Help Wanted
Two-thirds of survey participants say their organization don’t employ enough people with adequate skillsets to analyze and glean insight from data.
Biggest In-Demand Analytics Skills
Statistics, math and quantitative capabilities: 48%, Analytics tool training: 40%, Critical thinking: 28%
Siloed Systems
36% of survey respondents say business and IT both have analytic resources and they function independently, as opposed to 26% who say both have these tools and work collaboratively.
Misallocated Minutes
Data analytics professionals spend only one-fifth of their time on data analysis.
What Accounts for Nearly One-Half of a Data-Analytics Professional’s Day
Gathering requirements: 13%, Preparing and presenting reports: 10%, Meetings: 9%, Administrative activities: 7%, Infrastructure design and implementation: 5%, Testing and tuning processes: 4%
Roadblock
38% of survey respondents say insufficient self-service tools and reports prevents their access to data, and the same percentage say that IT data-governance policies do the same.
Missing Inventory
35% say IT doesn’t even have the data in the data warehouse.
FYI
13% say their organization needs to have a better, increased awareness of the opportunities within analytics and big data.