Data Nugget: Still Struggling With Data
Businesses of all types use data analytics to gain a competitive edge and stay ahead of external trends and forces, but for many organizations, understanding and using big data remains a top challenge.
Only 9 percent of businesses surveyed by the Institute of Management Accountants said they have completely implemented their desired analytics techniques and technologies.
What stage of implementation of leading-edge analytics techniques and technologies is your organization at right now?
58 percent: “We’re working on it—it’s still being implemented.”
23 percent: “We’ve only just begun.”
9 percent: “Completely implemented.”
6 percent: “Not sure.”
4 percent: “Still in the scoping-out stages.”
Source: Institute of Management Accountants, The Data Analytics Implementation Journey in Business and Finance, January 2019