Data analytics teams around the world are failing to bring value to their organisations. According to a survey by market research firm Gartner published on Wednesday, most data and analytics leaders reported that their teams do not provide effective value to the organisation. This is despite increased interest from the industry in investing in data and analytics to improve efficiency in business.
The research report noted that while the lack of available talent is the top impediment for which data and analytics teams are failing to add value to their firms, as reported by 39% of executives, other roadblocks, such as lack of resources and funding to support the programmes and lack of support from top management are also hindering data and analytics projects. Besides, culture challenges to accept change and overall poor data literacy in organisations are among other reasons why many of these projects continue to suffer.
At a time when technology companies are already facing the brunt of layoffs in the face of uncertain economic conditions, teams not performing well or failing to add value to the organisation can face dire consequences, believe experts.
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