How Businesses Are Using Business Analytics

insideinfoblog

Bloomberg recently conducted a survey of 930 businesses across the globe to provide insight into the state of business analytics in organisations today. The results brought back a focus on the basics:

Business analytics is still in the “emerging stage.” While analytics has gone main stream, most organisations still rely on traditional technology. Spreadsheets are the number-one tool used for business analytics.

• Enterprises – small, mid, large, mega — have been collecting tons of data. They are dying to get more insights from it because it’s too much of a pain to extract anything from the databases.

• Organisations are proceeding cautiously in their adoption of analytics. Use of business analytics within companies has grown over the past year, but at a moderate rate. Analytics also tend to be used narrowly within departments or business units, not integrated across the organisation.

• Intuition based on business experience is…

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