dcsimg

No Title

By Bob Violino

Business Analytics Solutions: What Are They Good For?

Strategic analysis60% of respondents say their organizations are currently using business analytics solutions for strategy/planning purposes, the most commonly cited use of analytics.

No Title

Widespread useAbout one third of respondents (34%) say their enterprise has integrated the use of analytics across the entire organization.

No Title

Business units39% of respondents say their organizations are using analytics only in specific business units or divisions.

No Title

Non-playersOnly 3% of respondents say their organizations are not using business analytics at all.

No Title

On the rise58% of respondents say the overall usage of business analytics at their organization has increased "to some extent" during the past 12 months.

No Title

15% of respondents say analytics usage has "increased significantly" in their enterprise over the past 12 months.

No Title

Early Adoptersamong the respondents whose companies have significantly increased their use of business analytics (which the researchers classify as "early adopters"):73% are using business reporting/KPIs/dashboards, 70% are using spreadsheets67% are using forecasting.

No Title

Making decisionsOrganizations on average use analytics for about 40% of their decision-making; the majority of decisions are still based on business experience and intuition.

No Title

Cost reductions37% of respondents say their organizations are addressing, or hope to address, cost reductions by using business analytics.

No Title

Effective tool75% of respondents say the use of business analytics has been "very effective" or "somewhat effective" in helping them make decisions.

This article was originally published on 09-09-2011