Download the authoritative guide: Cloud Computing 2018: Using the Cloud to Transform Your BusinessThe data analysis enabled by business analytics and business intelligence software provides a critical competitive edge to firms. Yet a study indicates that enterprises don't fully understand the importance of these key apps.
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.
John Lucker, a principal with Deloitte Consulting, leader of its Advanced Analytics and Modeling practice and one of the webcast presenters, called the finding "mind-boggling."
Additionally, 17 percent of respondents ranked "customer segmentation and target marketing" as the second leading priority of implementing business analytics.
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