To find out, in April 2019, Deloitte posed questions to more than 1,000 executives working at large companies (500+ employees) who interact with, create, or use analytics as part of their job.
These include the high cost of data storage, expensive proprietary software, and the need to devote capital to expensive data centers.īut what is the reality? How many companies have truly evolved into insight-driven organizations? Many legacy issues that traditionally posed barriers have now been eliminated or reduced. It has been more than a decade since the term “big data” became part of the lexicon. The vast majority have invested in tactical solutions. Many have created chief data officer (CDO) or chief analytics officer (CAO) organizations. Many have invested in creating the requisite data initiatives, analytics, or data science groups. It’s understandable why many companies feel they are far down the path of becoming an insight-driven organization. Most large companies fall into the last two categories, as do all the companies surveyed recently by Deloitte (see sidebar, “Survey methodology: Becoming an insight-driven organization”). Far fewer consistently embed analysis, data, and evidence-based reasoning into their decision-making process. Others carry out analytics projects in pockets of the business.
Some do little or nothing with data to aid their decision-making.
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Download the Deloitte Insights and Dow Jones appīut not every organization is optimizing the opportunities available in the Age of With.
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