How Many Business Decisions Are Based On Gut Feel Rather Than Data? Lately, there has been a lot of buzz around the idea of data-driven decision-making in businesses, with many organizations apparently striving towards the ideal of basing all business decisions on data. We wanted to find out if this is just an ideal, or whether […]
Gut Feel vs. Data-Driven Decision-Making Read More »
Organizations use big data analytics for a variety of reasons. The following chart shows which ones are the most influential. Heading the list are the three “V’s” of Big Data, which stand for volume (57 percent), variety (50 percent) and velocity (46 percent). Other important drivers include better or new data analysis capabilities (55 percent) as
Why Companies Use Big Data Analytics Read More »
How to select BI software Every company is unique and has its own particular software requirements. But despite this variety, companies tend to make the same mistakes during the software selection process. This article series sets out guidelines and best practices to support the process of selecting and evaluating business intelligence software; recommending criteria to be used in software selection and
The BI Software Selection Process: The 4 Essential Steps for Selecting BI Software Read More »
Why Companies Make Decisions Without All the Relevant Information to Hand Most companies accept that they should make decisions based on data and information. But in reality, this is not always the case. The chart below shows why relevant data and information are not always used to support decision-making. Top reasons for not using information for
Decision-Making Without Relevant Information Read More »
14 Survey-Based Recommendations on How to Improve Data-Driven Decision-Making Today’s advanced analysis methods and the increasing availability of data are putting ever more pressure on established business structures and cultures to change. Decisions based on intuition and experience are increasingly being challenged by a data-driven decision-making style. However, organizations are still exploring ways to benefit from the
Global Survey on Data-Driven Decision-Making in Businesses Read More »
Our reports “Big Data Analytics” and “Big Data Use Cases” have found that many enterprises have firmly integrated (or are in the process of integrating) big data analytics into their business processes. This drive for implementation is not based solely on external forces, such as the availability of newer technologies or increasing volumes of data, but also
Big Data Analytics: 6 Key Steps to Getting the Most out of your Big Data Project Read More »
How Companies Benefit from Big Data Over 40% of companies worldwide use big data analytics, and many are now enjoying a variety of benefits from big data, according to “Big Data Use Cases 2015 – Getting Real On Data Monetization“, published by BARC. Usage of Big Data Analytics in different regions and industries Topping the list
Benefits of Big Data Analytics: Increased Revenues and Reduced Costs Read More »
The Planning Survey 16 is based on findings from BARC’s major annual survey of planning and budgeting software users. In total, 1,245 people responded to this year’s survey with 978 answering a series of detailed questions about their usage of a named planning and budgeting product. Altogether, the Planning Survey analyses 13 products in detail. The Planning
How Budgeting Software Outperforms Excel Read More »
