Tying analytics results to business actions was the biggest data analytics challenge cited by respondents to a recent survey. Learn about the top hurdles facing users of advanced analytics software.
In this part:
Biggest analytics challenge: Results into actions
Proving that advanced analytics software is worth its weight in business gold remains the top analytics challenge within organizations, according to the survey. Forty-one percent of the 114 respondents with analytics programs in placed or planned said they expected tying data analytics results to business actions to be a big trial for them over the next year. And funding for analytics projects, up from 25% who said the same thing on last year’s survey.funding for analytics projects, up from 25% who said the same thing on last year’s survey.
Of course, business issues aren’t the only major challenges that businesses are facing with advanced analytics. Thirty-six percent of the respondents stated that building the data infrastructure required to support effective analytics is one of three top obstacles they were facing. Pulling data from multiple business applications and integrating it in real or near real time for analytics uses can produce interesting, and valuable, results -- but it’s challenging.