Rising prices have pushed tech-forward corporations to rethink their information analytics methods to extend each effectivity and productiveness in order to keep away from passing value will increase to prospects, and executives see self-serve information analytics as a promising instrument for these efforts.
A latest report from know-how consulting agency Gartner stated that almost half of enterprise executives, 49%, see self-service information and analytics — that’s information analytics leveraged with minimal to zero intervention from the IT division or different technical consultants — as a driver of worker productiveness; in the meantime, at the least 25% additionally noticed it as a driver of elevated organizational velocity and agility.
“Two out of three CFOs have raised costs in response to inflation,” stated Alex Bant, chief of analysis within the Gartner finance follow, in an announcement. “Nonetheless, discovering methods to enhance enterprise productiveness and effectivity moderately than merely passing on inflationary prices to prospects will likely be a long-term driver of aggressive benefit.”
Past self-serve information analytics, the report additionally discovered nice curiosity in automated machine studying. In distinction, solely 21% see it as a driver of elevated employee productiveness, however 22% see it as a method to enhance value effectivity (solely 10% did so for self-serve information analytics). Bant stated these responses replicate corporations taking a extra strategic view on their digital transformation methods.
“Ninety-four p.c of CFOs have better digital ambition in 2022, but they’re involved about whether or not this will proceed within the face of slower development, greater charges, and strain on profitability,” stated Bant. “This continued funding into digital, whilst development slows, will likely be what distinguishes profitable corporations years from now because the cycle improves. We name this digital deflation.”
The info was primarily based on a survey of 400 finance executives, who have been polled in December 2021.