For today’s business high performers, analytics delivers the answer. High-performing companies — those that deliver continuous above-average business performance, as well as above-average analytics performance—do analytics differently.
In essence, the stronger a company’s commitment to analytics, the higher a company’s performance.
High performers see better results when they adopt analytics because they then adapt their enterprises to leverage analytics’ full power.
A survey conducted by Accenture and Massachusetts Institute of Technology (MIT), as part of the Accenture and MIT Alliance in Business Analytics—Winning with Analytics, illustrates how leading companies are winning with analytics. Here are three vital takeaways:
- High performers allocate more of their technology investment to analytics, and are almost four times as likely to receive a significant ROI in return.
- They do a better job of overcoming internal resistance, functional silos, and other barriers. Inability to change is cited as the top barrier by 55 percent of low performers.
- High performers not only keep on looking for the right talent but they also manage it carefully: nearly all manage talent from end to end, and four out of five source talent externally.
Did you pay particular attention to No. 3?
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