Leveraging Analytics to Gain Competitive Business Advantage

One of the challenges associated with driving increased usage of analytics inside any organization is the maturity of the overall organization. In fact, a recent study conducted by IBM and the MIT Sloan Management Review finds that cultural issues rather than the technology itself are the biggest impediment to the adoption of analytics.

The survey of 4,500 business executives from over 120 countries breaks down the respondents into three groups — Transformed (24 percent), Experienced (45 percent) and Aspirational (32 percent) — to provide greater insights into how organizations with different levels of acumen are leveraging analytics to gain and maintain competitive advantage over their rivals.

Click through for results from a business analytics survey conducted by IBM and MIT Sloan Management Review.

In the last 12 months, business leaders are starting to appreciate the value of analytics.

Those with the skills are distancing themselves from rivals.

A shift toward more fact-based decisions.

Time is still money.

An ounce of prevention.

It’s all about knowing what the customer needs.

The effective habits of a successful organization.

Organizational issues lead technology by almost two to one.