The Importance of Data Analytics and Visualization in Modern Business Intelligence
Top-performing organizations use analytics 5x more than bottom performers.— MIT Sloan
Companies that use analytics have 126% higher profits than competitors who don’t. — McKinsey
91% of marketers agree that data-driven marketing is crucial to success— Forbes
In today’s business landscape, the use of data visualization and analytics has become increasingly important. Top-performing organizations have shown that companies that use analytics have higher profits and gain a competitive advantage. With a rapidly growing market, companies that fail to adopt these technologies risk falling behind their competitors and eventually going out of business.
Services for CEOs and Organizational Leaders
CEOs and organizational leaders who are interested in data visualizations and analytics can benefit from various services such as Data Analytics Consulting, Data Visualization, Predictive Analytics, Business Intelligence, and Data Management. These services help them make better data-driven decisions, improve business performance, and gain a better understanding of their organization’s overall performance.
Data and Statistics Highlighting the Importance of Data Visualization and Analytics
Companies that have implemented data analytics have seen a significant competitive advantage, improved customer experiences, and increased revenue. The global data visualization market is expected to grow rapidly, representing a compound annual growth rate of 13.2%. Companies that leverage data analytics to guide decision making are more likely to see revenue increases of 5% or more.
Data analytics can help companies improve the customer experience, and companies that use data analytics to personalize customer experiences can see a 5-10% increase in sales. Companies that fail to adopt data visualization and analytics technologies risk falling behind their competitors, and only 10% of companies that have not invested in data and analytics will have a chance to compete in their industries by 2022, according to a survey by Gartner.