With 82% of companies making decisions based on stale information, analytics powered by AI is taking center stage when it comes to modernization initiatives. Furthermore, 88% of executives reported an increase in investments in data, analytics, and AI last year. This trend continues, as many organizations seek to overcome the various challenges associated with reporting and analysis.
Did you know that 62% of companies still rely on spreadsheets for their insights? This is concerning, as spreadsheets are extremely time-consuming and prone to human-error. In fact, a single error in a spreadsheet can have disastrous consequences, causing businesses to lose customers and opportunities. Yet, almost 90% of spreadsheets contain an error.
Additionally, spreadsheets lack the ability to process large volumes of data, perform predictive analysis, or identify data patterns. This limits the insights businesses can gain from their data, making it harder to make informed decisions.
The use of data analytics and AI helps businesses overcome challenges associated with manual analysis and reporting. According to a recent survey, over 50% of companies reported better financial performance after implementing data analytics.
If you’d like to learn more and discover how top-performing organizations are utilizing analytics and AI tools, then schedule a time to meet with a seasoned expert! They’ll assess your environment and provide key insights into how you can leverage analytics, as well as best practices for implementing top solutions with ease. Schedule your discussion today using the form at the bottom of this page to receive a treat after your appointment!
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