As part of my work at Corinium Global Intelligence I was thrilled to be involved in the production of a report commissioned by Microsoft, Paxata and Accenture called “The Innovation Game”. This report examined the challenges, opportunities and technology requirements to push forward data and analytics in organisations, and I provided commentary around some of the findings that came up in the report.
Some of the key findings in the report include:
- Over 60 percent of respondents surveyed stated that their organizations store and use data for business analytics in a hybrid, multi-cloud strategy with data originating from cloud environments and existing on premises infrastructure.
- Nearly all (93 percent) respondents said that their organizations are investing more than $1 million in new analytics initiatives in 2018/19. The main purpose of their analytics function are achieving cost savings and efficiency (43 percent) and to bolster revenue generation (23 percent).
- Three out of four (75 percent) are set up and trained on self-service analytics, and 76 percent of those that are set up believe this approach has enabled proliferation, understanding, and use of analytics throughout the business.
The report was launched during Corinium’s prestigious Chief Analytics Officer Spring event in San Francisco.
To download and access a copy of the report, visit https://coriniumintelligence.com/chiefanalyticsofficerfall/the-innovation-game/.