Enterprise organizations invest in Analytics to improve Decision Making and outcomes across the business. This is from Research & Development to Supply Chain to Risk Management. Yet, many executives are not yet seeing the results of their Analytics initiatives and investments.
Every organization putting on investment on Analytics have experienced several stumbling blocks. This differentiates the leaders from the laggards. Analytics-driven organizations have clearly established processes, practices, and organizational conditions for success. Their commitment to Analytics is creating a major payoff from their investments and a Competitive Advantage.
This presentation provides organizations a good insight on being Analytics-driven and the 4 core obstacles to generating actionable insights with Analytics.
1. Communication and Decision Making Integration
2. Skills to Interpret and Apply Analytics
3. Siloed and Fragmented Analytics
4. Time Delay
With organizations rapidly expanding their work with Analytics, this presentation shows how successful companies have forged a path that can help organizations evolve their Analytic approach and focus on key areas for improvement. Likewise, gaining a good perspective of the 4 core obstacles will enable organizations to better come up with strategic plans and actions to ensure that investments on Analytics truly pays off.
This deck also includes slide templates for you to use in your own business presentations.
This presentation delves into the critical stages of Analytics—Descriptive, Predictive, and Prescriptive—each offering unique insights to drive business value. It highlights how leading organizations leverage Analytics more effectively than laggards, with 83% of leaders using Analytics consistently in decision-making. The PPT also addresses core challenges such as fragmented Analytics and time delays, providing actionable strategies for overcoming these obstacles. By focusing on cross-functional deployment and developing strong Analytical talent, organizations can significantly enhance their return on Analytics investments.
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Source: Best Practices in Analytics PowerPoint Slides: Analytics-driven Organization PowerPoint (PPTX) Presentation Slide Deck, LearnPPT Consulting
This PPT slide outlines key challenges businesses face in becoming analytics-driven. It emphasizes that the primary obstacle is the lack of integration of analytics into workflows and decision-making processes, highlighted by a significant 54% of respondents identifying this issue. This suggests that many organizations struggle to embed analytics into their daily operations, which is crucial for informed decision-making.
Following this, 45% of respondents noted inadequate skills among staff for interpreting and utilizing analytics. This indicates a gap in training and knowledge that can hinder effective use of data. The next challenge, cited by 41%, is the presence of conflicting analytics outputs, which can lead to confusion and distrust in data-driven insights.
The slide also mentions ineffective deployment and distribution of analytics outputs, affecting 38% of organizations. This points to a failure in ensuring that relevant data reaches the right decision-makers in a timely manner. A significant 31% of respondents highlighted a time lag in analytics, suggesting that insights often arrive too late to influence critical decisions.
Further down the list, 26% of businesses reported that analytics outputs frequently clash with existing assumptions or business norms, indicating resistance to change. Lastly, 23% noted that poor presentation of analytical results makes them difficult to interpret, which can further complicate decision-making processes.
These insights collectively paint a picture of the hurdles organizations must overcome to leverage analytics effectively. Addressing these challenges is essential for companies aiming to enhance their decision-making capabilities and overall performance.
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