FEATURE : ANALYTICS

Research reveals the majority of enterprise leaders say data improves decision-making – but a culture of gatekeeping withholds valuable information .

While confidence and accuracy were cited as playing an exceptionally important role in decision-making , the new study highlighted multiple practices stalling the accurate and timely decision intelligence required to thrive .

“ Difficult macro-economic conditions demand optimized decision-making not just from leaders but across the entire organization ,” said Gari Johnson , senior Vice President of Asia Pacific and Japan at Alteryx .

“ As organizations across Singapore continue to accelerate nationwide digitalization journeys , our research highlights why data democratization continues to be a lynchpin of successful Digital Transformation . It is imperative that business leaders empower workers of all levels to analyze data for insights if they want to thrive in today ’ s ever-evolving landscape .”

Challenging economic times force business leaders to deliver the right answers at unimaginable speeds , but the current pace of decision-making is holding businesses back . This is making it difficult for businesses to make crucial decisions with the speed and confidence required :

• 65 % of respondents felt that decisions were generally quick and efficient , but the reported times indicated otherwise .

• On average , operational decisions took two days , tactical decisions seven days , and strategic decisions took 20 days .

• 55 % of organizations responded that analytics , business intelligence , and Artificial Intelligence impact decisions making in their organization , yet only 24.6 % reported using advanced decision intelligence

40 INTELLIGENTCIO APAC www . intelligentcio . com