Analytics Adoption Restricted by Shortage of Talent: Study

BusinessLeadershipManagement (BLM)

In a recent study on the analytics tools and skills of executives in the analytics industry, it was revealed that while the vast majority of organizations view analytics as critical to day-to-day decisions, there is a current shortage of analytics talent which prevents further adoption of the instrument to advance the organisation’s goals.

Nearly 83 percent of survey respondents indicated that analytics is critical to their organizations’ decision-making processes and that they rely on data-driven insight rather than past experiences, intuitions and gut feelings. Although the vast majority felt that analytics is important, more than 65 percent of respondents believe that their organization has a shortage of people with skills to glean insights from data.

The survey found that the biggest factors holding organizations back from using analytics include:

  • Lack of skills/training/education (19 percent)
  • Lack of funding or resources (18 percent)
  • Inadequate support from executives (10 percent)
  • Data is not…

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