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Deloitte Finds Shortfall in Business Analytics

Major enterprise software players have been making big bets on business intelligence and other analytical tools of late, but a new survey from consulting firm Deloitte found that a large portion of firms still haven't warmed up to the trend.

Deloitte found that nearly a third of the technology and business professionals it interviewed were uncertain where their firm stood on business analytics, or even if it had the capability to perform them. As a result, an alarming number of companies house business data in silos, leaving potential connections unmade, and missing out on untold opportunities, despite the ready availability of technology.

A Deloitte analyst called the finding "mind boggling." CIO Update finds out why.

Almost a third of technology executives and business professionals say they don't know whether their organization uses business analytics or if their organizations have business analytics capabilities at all, according to new data from accounting and consulting giant Deloitte.

As a result, plenty of enterprises would seem to be missing out on the benefits of business intelligence and other analytical tools that enable them to leverage the massive amounts of data at their disposal to make better business decisions, optimize processes and pursue new opportunities.

Read the full story at CIO Update:
Deloitte - 33% of Firms Missing Out on Business Analytics