This follow-up report to “The Data Analytics Implementation Journey in Business and Finance” identifies the factors critical for successful deployment of leading-edge analytics. The findings are based on a recent survey of 170 global business professionals.

While most organizations believe that implementing leading-edge analytics is key to their success, many organizations face challenges in successfully implementing such tools. According to this study:

  • Only half of the respondents feel they have the right tools, culture, data, and people to support managerial decision-making through the use of analytical technologies;
  • Only a third of organizations believe they have developed strategies for effective use of leading-edge analytic techniques and technologies; and
  • Organizations are more likely than not to face resource challenges when it comes to developing enhanced analytics capabilities.

Based on the survey results, this report identifies six key factors that are needed for organizations to successfully establishing a data-driven organizational culture.

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