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Accenture Report Finds Lagging Analytics in Many Businesses

According to findings of a survey released today by Accenture (NYSE: ACN) finds that weak analytics capabilities – ranging from siloed data, outdated technology and a lack of analytical talent –  are preventing organizations from gaining valuable insight that could lead to better business results.

The survey of 600 senior managers at more than 500 blue-chip organizations in the United States and the United Kingdom & Ireland (UK&I) found that more than half the respondents said their organizations are structured in a way that prevents data and analytical talent from generating enterprise-wide insight.

“While there are many tools that enable organizations to examine historical data, what’s needed is the ability to properly identify and analyze the data and gain the insight that enables one to make better decisions, ” said Dave Rich, managing director of the Accenture Analytics Group.  “Organizations that fail to tackle the issues around data, technology and analytics talent will lose out to the high-performing 10 percent who have leveraged predictive analytics to become more agile and adaptive and gain competitive advantage.”

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