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Six Practices Critical to Creating Value from Data and Analytics [INFOGRAPHIC]

IBM Institute for Business Value surveyed 900 IT and business executives from 70 countries from June through August 2013. The 50+ survey questions were designed to help translate concepts relating to generating value from analytics into actions. They found that business leaders adopt specific strategies to create value from data and analytics. Leaders:

  1. are 166% more likely to make decisions based on data.
  2. are 2.2 times more likely to have a formal career path for analytics.
  3. cite growth as the key source of value.
  4. measure the impact of analytics investments.
  5. have predictive analytics capabilities.
  6. have some form of shared analytics resources.

Read my summary of IBM's study here. Download the entire study here. And check out IBM's infographic below.

IBM Institute for Business Value - 2013 Infographic

 

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