IT Is Missing Real-Time Data Analytics Opportunities

 
 
By Dennis McCafferty  |  Posted 06-18-2015 Email
 
 
 
 
 
 
 
 
 
  • Previous
    IT Is Missing Real-Time Data Analytics Opportunities
    Next

    IT Is Missing Real-Time Data Analytics Opportunities

    By Dennis McCafferty
  • Previous
    Existing Problem
    Next

    Existing Problem

    97% of surveyed organization decision makers said they are challenged by the data they have.
  • Previous
    Tech Issue
    Next

    Tech Issue

    Just 26% of those surveyed said their IT department supports their need for the real-time analysis of data.
  • Previous
    Losing Faith
    Next

    Losing Faith

    Only one out of five are confident in the reliability, accuracy and completeness of their data.
  • Previous
    Underutilized Asset
    Next

    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.
  • Previous
    Time Consideration
    Next

    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.
  • Previous
    Fallout Factor: Market Loss
    Next

    Fallout Factor: Market Loss

    41% said they risk missed revenue opportunities because they can't make operational decisions in a timely fashion.
  • Previous
    Fallout Factor: Faulty Conclusion
    Next

    Fallout Factor: Faulty Conclusion

    37% said they can encounter poor decision making when operational decisions are delayed.
  • Previous
    Fallout Factor: Fuzzy Forecast
    Next

    Fallout Factor: Fuzzy Forecast

    27% said they hurt their ability to predict future patterns when they can't make operational decisions quickly enough.
  • Previous
    20/20
    Next

    20/20

    74% said that obtaining greater visibility over internal processes could lead to operational improvements.
 

The vast majority of organizational decision makers are challenged by data issues, and very few believe their IT department is adequately supporting their need for real-time data analytics, according to a recent survey from Software AG. On the positive side, companies are increasing their data spend, with 23% in additional budgeting anticipated by 2016. However, organizations continue to struggle to rapidly take advantage of data to make effective, strategic decisions, findings show. Most can't act upon data in real-time or make use of it. As a result, they're missing out on revenue opportunities and falling short on predicting future, impactful trends. "In order to stay ahead of the competition, organizations have no choice but to continually identify ways to make smarter decisions and provide better services," said John Bates, chief marketing officer at Software AG. "Properly collecting, analyzing and making decisions based on real-time data is key to proactively preventing issues and improving procedures." An estimated 750 global organizational decision makers took part in the research, which was conducted by Vanson Bourne.

 
 
 
 
 
Dennis McCafferty is a freelance writer for Baseline Magazine.

 
 
 
 
 
 

Submit a Comment

Loading Comments...
 
eWeek eWeek

Have the latest technology news and resources emailed to you everyday.