Could this be the result of most analytics being restricted to selective data instead of joining all relevant data in an enterprise or organisation. When CIOs have to rely on different workgroups using their own analytics tools more time can be wasted on arguing who has the right data than creating data driven insights. Analytics platforms that analyse all data, internal and external, in a secure multi-tenant architecture offer hope. As long as they deliver insights to all personas in the enterprise and not just CIOs
More than two thirds or CIOs base pressured decisions on instinct despite 76% admitting it’s often at odds with data sources or third-party advice, research has revealed. With IT occupying a more strategic role in businesses than ever before, favouring personal instinct could owe to a greater feeling of accountability for decisions. In the study by Colt of 201 European IT decision makers, the majority (71%) said intuition and personal experience is, on balance, more effective than data intelligence when making decisions. When managing external events, more CIOs rated professional experience (69%) as being most important to making decisions than using data and intelligence (66%).