Why CIOs Need Predictive Analytics Tools

CIOs Need Predictive Analytics to Excel

ROI DriverROI Driver

By 2017, organizations which use predictive business performance metrics will increase profitability by 20%.

Amazing FeatAmazing Feat

Within the same time period, 60% of organizations will perform at least one effort which is currently considered “revolutionary” and “unimaginable.”

Known CommodityKnown Commodity

71% of business and IT leaders understand which key performance indicators (KPIs) are critical in supporting business strategies.

Out of ReachOut of Reach

Only 48% can access metrics which will help them comprehend how their work contributes to the key KPIs.

Agenda LeaderAgenda Leader

By 2015, CEOs will consider digital process reinvention as a top three priority.

Best Practices: Start With BusinessBest Practices: Start With Business

Recognize that responding to rapid change begins with understanding your organization’s future strategic needs, as opposed to going out and buying a bunch of new technology or hiring a bunch of people to fill IT vacancies.

Best Practices: Step Back.Best Practices: Step Back.

Re-evaluate the usage of “lean” or six sigma methodologies, because these can sometimes stifle the dynamic business innovation needed to compete today.

Best Practices: Embrace Intelligent Business Operations (IBOs)Best Practices: Embrace Intelligent Business Operations (IBOs)

These technologies can compress insight-to-action cycle turnover from days to minutes.

Best Practices: Take ChancesBest Practices: Take Chances

Reinvention is not a scripted, straightforward journey. You and your IT teams need room to experiment in translating insights to optimal business action.

Dennis McCafferty
Dennis McCafferty
Dennis McCafferty is a contributor to CIO Insight. He covers topics such as IT leadership, IT strategy, collaboration, and IT for businesses.

Get the Free Newsletter!

Subscribe to Daily Tech Insider for top news, trends, and analysis.

Latest Articles