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Business Analytics Solutions: What Are They Good For?

By Bob Violino  |  Posted 09-09-2011 Print
Business analytics solutions are being used as an effective tool for decision making at a majority of organizations, according to a new Bloomberg Businessweek Research Services survey sponsored by SAS, a provider of business analytics applications. Organizations have benefited from increased profitability, reduced cost, improved risk management, process optimization and fast decision making, according to the survey, in which 930 business professionals worldwide were polled in May 2011. Business analytics solutions are more pervasive in worldwide enterprises today than it was in 2009, the report says. According to the survey results, companies gaining the most value from business analytics share several characteristics, including: a top-down embrace of analytics by senior executives; putting the right analytics talent in place; improving data management and governance; and deploying the right analytic tools. Here are 10 highlights from the survey:
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