SlideShare uma empresa Scribd logo
1 de 13
© Absolutdata 2014 Proprietary and Confidential
Chicago New York London Dubai New Delhi Bangalore SingaporeSan Francisco
www.absolutdata.com
April 30, 2014
FAST facts
Customer Analytics
© Absolutdata 2014 Proprietary and Confidential 2
In Spring 2013, Alteryx and
Absolutdata surveyed industry
thought leaders to gather insight into
how organizations use Customer
Analytics, including adoption levels,
goals, usage, and relative maturity.
This document provides a fast
summary of our findings.
© Absolutdata 2014 Proprietary and Confidential 3
69%
69%
61%
49%
41%
31%
30%
17%
6%
Customer demographics
Primary/research data
POS/transaction data
Customer interaction data
Social media
Loyalty card data
Complaint data
Recorded voice calls
Others
Companies collect many different types of
customer data
Data captured from every customer
interaction has the potential to
provide deeper insight into their
behavior, attitudes, and opinions—
insight that can be leveraged to
improve customer relationships and
gain a competitive edge.
The survey results show that
traditional data sources still
dominate, but several new areas of
insight are emerging.
© Absolutdata 2014 Proprietary and Confidential 4
82%18%
Yes No
The vast majority of companies use
Customer Analytics today
Organizations are listening to what
customers say through their data.
They use this insight to implement
customer-driven marketing strategies
that improve revenue and customer
loyalty.
But, are they getting full value from
their data?
© Absolutdata 2014 Proprietary and Confidential 5
Customer
Focus
Channel
Focus
69%
63%
46%
62%
60%
49%
Customer
acquisition/retention
Enhanced customer
satisfaction
Increased loyalty
Improve product/service
design
Optimize
marketing/channel
Design/improve channel
strategy
Customer Analytics contributes significant
insight in support of strategic operations
Product
Focus
WHERE IS THE VALUE?
Customer Analytics is used primarily
for customer-focused Sales &
Marketing activities.
But, many also use this insight to
make product/service portfolio
decisions, and determine the optimal
distribution channels.
© Absolutdata 2014 Proprietary and Confidential 6
CHALLENGE #1:
Getting the Right Data
CHALLENGE #2:
Lack of Access & Skills
CHALLENGE #3:
ROI Assessment
Three Major Challenges Inhibit Analytic Decision Making
© Absolutdata 2014 Proprietary and Confidential 7
43%
39%
38%
37%
23%
Accessing data managed
by other departments
Integrating massive
amounts of data
Integrating disparate
data types
Converting data into
actionable insight
Collecting and storing
relevant data
CHALLENGE #1: Getting the Right Data
 Different departments use different
data sources in an attempt to answer
similar questions
 Time is wasted with tools that cannot
process
Big Data efficiently
 Unstructured, but valuable data such as
social media and call center logs cannot
be used
Massive volumes of disparate data types
and sources must become easier to
access, work with, and blend.
© Absolutdata 2014 Proprietary and Confidential 8
12%
38%
42%
8%
Industry leading, with a mastery of advanced analytics
Advanced, using predictive and spatial analytics
Basic, for modification of existing analytic workflows
Limited, for generating reports only
CHALLENGE #2: Lack of Access & Skills
 Limited IT staff/resources require line-
of- business users to perform their own
analytics
 Access to data and overly complex tools
remains a barrier to greater analytics
usage
 There is limited ability for new
analyses, especially in B2B companies
where basic skills dominate
The analytics required to answer complex
questions must be put into the hands of
users with the industry knowledge and
skills.
© Absolutdata 2014 Proprietary and Confidential 9
CHALLENGE #3: ROI Assessment
 Organizations struggle with defining &
calculating ROI for analytics
 Less than half can identify positive ROI
 Implementation of marketing best
practices can
be accelerated using specialized
support
ROI remains elusive so a new paradigm is
required that puts the right data and
analytics into the hands of those who drive
the business forward.
9%
10%
43%
38%
Return is less than investment
Return is equal to investment
Return is more than investment
Don't know or can't measure
© Absolutdata 2014 Proprietary and Confidential 10
RECOMMENDATION #1:
Massive volumes of disparate data types and sources must become easier to
access, work with, and blend.
RECOMMENDATION #2:
The analytics required to answer complex questions must be put into the hands of
users with the industry knowledge and skills.
RECOMMENDATION #3:
ROI remains elusive so a new paradigm is required that puts the right data and
analytics into the hands of those who drive the business forward.
© Absolutdata 2014 Proprietary and Confidential 11
71%
75%
95%
22%
12%
4%
7%
13%
1%
External
Resources
People
Technology
Positive No change Negative
Average Increase: 21%
Average Increase: 25%
Average Increase: 14%
Average Decrease: 10%
Average Decrease: 11%
Average Decrease: 12%
Analytics Investment Continues Despite these challenges, almost all
companies plan to increase their
investment in analytics
technology, people and external
resources.
© Absolutdata 2014 Proprietary and Confidential 12
Alteryx/Absolutdata will be publishing
a white paper in July 2013 to provide
more information about this survey
and a detailed review of the results.
Plus, this paper will provide insight
about how to put data to work to
predict customer behavior, and create
targeted offers that drive critical
improvements in sales, customer
retention, and loyalty.
Name
Designation
Phone:
Email:
Follow us on:

Mais conteúdo relacionado

Mais procurados

Delivering Smarter Customer Interactions
Delivering Smarter Customer Interactions Delivering Smarter Customer Interactions
Delivering Smarter Customer Interactions Amy Cross
 
Elevating customer analytics - how to gain a 720 degree view of your customer
Elevating customer analytics - how to gain a 720 degree view of your customerElevating customer analytics - how to gain a 720 degree view of your customer
Elevating customer analytics - how to gain a 720 degree view of your customerActian Corporation
 
Building Outstanding Customer Relationships
Building Outstanding Customer RelationshipsBuilding Outstanding Customer Relationships
Building Outstanding Customer RelationshipsAmy Cross
 
Big Data Predictive Analytics for Retail businesses
Big Data Predictive Analytics for Retail businessesBig Data Predictive Analytics for Retail businesses
Big Data Predictive Analytics for Retail businessesGopalakrishna Palem
 
Adoption of analytics in retail | Retail Analytics
Adoption of analytics in retail | Retail AnalyticsAdoption of analytics in retail | Retail Analytics
Adoption of analytics in retail | Retail AnalyticsAnkur Khandelwal
 
Unlock the Power of Customer Data
Unlock the Power of Customer DataUnlock the Power of Customer Data
Unlock the Power of Customer DataComcast Business
 
The Data Driven Enterprise - Roadmap to Big Data & Analytics Success
The Data Driven Enterprise - Roadmap to Big Data & Analytics SuccessThe Data Driven Enterprise - Roadmap to Big Data & Analytics Success
The Data Driven Enterprise - Roadmap to Big Data & Analytics SuccessBigInsights
 
Building Your Big Data Analytics Strategy- Impetus Webinar
Building Your Big Data Analytics Strategy- Impetus WebinarBuilding Your Big Data Analytics Strategy- Impetus Webinar
Building Your Big Data Analytics Strategy- Impetus WebinarImpetus Technologies
 
Customer experience measurement in the utilities industry – closing the loop
Customer experience measurement in the utilities industry – closing the loopCustomer experience measurement in the utilities industry – closing the loop
Customer experience measurement in the utilities industry – closing the loopCourse5i
 
Customer analytics. Turn big data into big value
Customer analytics. Turn big data into big valueCustomer analytics. Turn big data into big value
Customer analytics. Turn big data into big valueJosep Arroyo
 
Poster presetation for "Using Big Data for Marketing Analytics"
Poster presetation for "Using Big Data for Marketing Analytics"Poster presetation for "Using Big Data for Marketing Analytics"
Poster presetation for "Using Big Data for Marketing Analytics"Touseef Ahmed
 
Marketing analytics for the Banking Industry
Marketing analytics for the Banking IndustryMarketing analytics for the Banking Industry
Marketing analytics for the Banking IndustrySashindar Rajasekaran
 
Microsoft & Blueocean Case study at TMRE'13
Microsoft & Blueocean Case study at TMRE'13Microsoft & Blueocean Case study at TMRE'13
Microsoft & Blueocean Case study at TMRE'13Course5i
 
Voice pick Research - Product Information
Voice pick Research - Product InformationVoice pick Research - Product Information
Voice pick Research - Product InformationVoicePick1
 
Moving Forward with Big Data: The Future of Retail Analytics
Moving Forward with Big Data: The Future of Retail AnalyticsMoving Forward with Big Data: The Future of Retail Analytics
Moving Forward with Big Data: The Future of Retail AnalyticsBill Bishop
 
Customer data driven marketing for digital services
Customer data driven marketing for digital servicesCustomer data driven marketing for digital services
Customer data driven marketing for digital servicesVrishali Sinha
 

Mais procurados (20)

Marketing analytics
Marketing analyticsMarketing analytics
Marketing analytics
 
Delivering Smarter Customer Interactions
Delivering Smarter Customer Interactions Delivering Smarter Customer Interactions
Delivering Smarter Customer Interactions
 
Elevating customer analytics - how to gain a 720 degree view of your customer
Elevating customer analytics - how to gain a 720 degree view of your customerElevating customer analytics - how to gain a 720 degree view of your customer
Elevating customer analytics - how to gain a 720 degree view of your customer
 
Building Outstanding Customer Relationships
Building Outstanding Customer RelationshipsBuilding Outstanding Customer Relationships
Building Outstanding Customer Relationships
 
Dat analytics all verticals
Dat analytics all verticalsDat analytics all verticals
Dat analytics all verticals
 
Big Data Predictive Analytics for Retail businesses
Big Data Predictive Analytics for Retail businessesBig Data Predictive Analytics for Retail businesses
Big Data Predictive Analytics for Retail businesses
 
Adoption of analytics in retail | Retail Analytics
Adoption of analytics in retail | Retail AnalyticsAdoption of analytics in retail | Retail Analytics
Adoption of analytics in retail | Retail Analytics
 
BRIDGEi2i Customer Intelligence Solutions
BRIDGEi2i Customer Intelligence SolutionsBRIDGEi2i Customer Intelligence Solutions
BRIDGEi2i Customer Intelligence Solutions
 
Unlock the Power of Customer Data
Unlock the Power of Customer DataUnlock the Power of Customer Data
Unlock the Power of Customer Data
 
The Data Driven Enterprise - Roadmap to Big Data & Analytics Success
The Data Driven Enterprise - Roadmap to Big Data & Analytics SuccessThe Data Driven Enterprise - Roadmap to Big Data & Analytics Success
The Data Driven Enterprise - Roadmap to Big Data & Analytics Success
 
Building Your Big Data Analytics Strategy- Impetus Webinar
Building Your Big Data Analytics Strategy- Impetus WebinarBuilding Your Big Data Analytics Strategy- Impetus Webinar
Building Your Big Data Analytics Strategy- Impetus Webinar
 
Dude, What's My Market Size?
Dude, What's My Market Size?Dude, What's My Market Size?
Dude, What's My Market Size?
 
Customer experience measurement in the utilities industry – closing the loop
Customer experience measurement in the utilities industry – closing the loopCustomer experience measurement in the utilities industry – closing the loop
Customer experience measurement in the utilities industry – closing the loop
 
Customer analytics. Turn big data into big value
Customer analytics. Turn big data into big valueCustomer analytics. Turn big data into big value
Customer analytics. Turn big data into big value
 
Poster presetation for "Using Big Data for Marketing Analytics"
Poster presetation for "Using Big Data for Marketing Analytics"Poster presetation for "Using Big Data for Marketing Analytics"
Poster presetation for "Using Big Data for Marketing Analytics"
 
Marketing analytics for the Banking Industry
Marketing analytics for the Banking IndustryMarketing analytics for the Banking Industry
Marketing analytics for the Banking Industry
 
Microsoft & Blueocean Case study at TMRE'13
Microsoft & Blueocean Case study at TMRE'13Microsoft & Blueocean Case study at TMRE'13
Microsoft & Blueocean Case study at TMRE'13
 
Voice pick Research - Product Information
Voice pick Research - Product InformationVoice pick Research - Product Information
Voice pick Research - Product Information
 
Moving Forward with Big Data: The Future of Retail Analytics
Moving Forward with Big Data: The Future of Retail AnalyticsMoving Forward with Big Data: The Future of Retail Analytics
Moving Forward with Big Data: The Future of Retail Analytics
 
Customer data driven marketing for digital services
Customer data driven marketing for digital servicesCustomer data driven marketing for digital services
Customer data driven marketing for digital services
 

Destaque

Thinking Outside The [Sand]Box
Thinking Outside The [Sand]BoxThinking Outside The [Sand]Box
Thinking Outside The [Sand]BoxMichael Genkin
 
Social Media Analytics
Social Media AnalyticsSocial Media Analytics
Social Media Analyticskorzay
 
E contracts busines law
E contracts busines lawE contracts busines law
E contracts busines lawBabasab Patil
 
Thinking Outside the Sand[box]
Thinking Outside the Sand[box]Thinking Outside the Sand[box]
Thinking Outside the Sand[box]Juniper Networks
 
BCG matrix-Market Growth Share Matrix
BCG matrix-Market Growth Share MatrixBCG matrix-Market Growth Share Matrix
BCG matrix-Market Growth Share MatrixNavneet Dwivedi
 
BCG matrix by gamal arafa
BCG matrix by gamal arafaBCG matrix by gamal arafa
BCG matrix by gamal arafaGamal Arafa
 
Latest trends in Business Analytics
Latest trends in Business AnalyticsLatest trends in Business Analytics
Latest trends in Business AnalyticsPuneet Bhalla
 
Fact or Question: Analytics for UX
Fact or Question: Analytics for UXFact or Question: Analytics for UX
Fact or Question: Analytics for UXJulie Strothman
 
CUSTOMER ANALYTICS & SEGMENTATION FOR CUSTOMER CENTRIC ORGANIZATION & MARKETI...
CUSTOMER ANALYTICS & SEGMENTATION FOR CUSTOMER CENTRIC ORGANIZATION & MARKETI...CUSTOMER ANALYTICS & SEGMENTATION FOR CUSTOMER CENTRIC ORGANIZATION & MARKETI...
CUSTOMER ANALYTICS & SEGMENTATION FOR CUSTOMER CENTRIC ORGANIZATION & MARKETI...Data Science Thailand
 
Top 6 Business Intelligence & Analytics Trends for 2016
Top 6 Business Intelligence & Analytics Trends for 2016Top 6 Business Intelligence & Analytics Trends for 2016
Top 6 Business Intelligence & Analytics Trends for 2016TARGIT
 
Business analytics
Business analyticsBusiness analytics
Business analyticsSilla Rupesh
 
Boston Consulting Group Matrix
Boston Consulting Group MatrixBoston Consulting Group Matrix
Boston Consulting Group MatrixAmit Pramanik
 
Lean Analytics Cycle
Lean Analytics CycleLean Analytics Cycle
Lean Analytics CycleHiten Shah
 
BCG matrix with example
BCG matrix with exampleBCG matrix with example
BCG matrix with exampleMayur Narole
 
Big Data - 25 Amazing Facts Everyone Should Know
Big Data - 25 Amazing Facts Everyone Should KnowBig Data - 25 Amazing Facts Everyone Should Know
Big Data - 25 Amazing Facts Everyone Should KnowBernard Marr
 

Destaque (19)

Thinking Outside The [Sand]Box
Thinking Outside The [Sand]BoxThinking Outside The [Sand]Box
Thinking Outside The [Sand]Box
 
Social Media Analytics
Social Media AnalyticsSocial Media Analytics
Social Media Analytics
 
E contracts busines law
E contracts busines lawE contracts busines law
E contracts busines law
 
Thinking Outside the Sand[box]
Thinking Outside the Sand[box]Thinking Outside the Sand[box]
Thinking Outside the Sand[box]
 
BCG matrix-Market Growth Share Matrix
BCG matrix-Market Growth Share MatrixBCG matrix-Market Growth Share Matrix
BCG matrix-Market Growth Share Matrix
 
BCG matrix by gamal arafa
BCG matrix by gamal arafaBCG matrix by gamal arafa
BCG matrix by gamal arafa
 
Bcg matrix
Bcg matrixBcg matrix
Bcg matrix
 
Latest trends in Business Analytics
Latest trends in Business AnalyticsLatest trends in Business Analytics
Latest trends in Business Analytics
 
BCG Matrix
BCG MatrixBCG Matrix
BCG Matrix
 
Fact or Question: Analytics for UX
Fact or Question: Analytics for UXFact or Question: Analytics for UX
Fact or Question: Analytics for UX
 
CUSTOMER ANALYTICS & SEGMENTATION FOR CUSTOMER CENTRIC ORGANIZATION & MARKETI...
CUSTOMER ANALYTICS & SEGMENTATION FOR CUSTOMER CENTRIC ORGANIZATION & MARKETI...CUSTOMER ANALYTICS & SEGMENTATION FOR CUSTOMER CENTRIC ORGANIZATION & MARKETI...
CUSTOMER ANALYTICS & SEGMENTATION FOR CUSTOMER CENTRIC ORGANIZATION & MARKETI...
 
Top 6 Business Intelligence & Analytics Trends for 2016
Top 6 Business Intelligence & Analytics Trends for 2016Top 6 Business Intelligence & Analytics Trends for 2016
Top 6 Business Intelligence & Analytics Trends for 2016
 
Business analytics
Business analyticsBusiness analytics
Business analytics
 
12 Interesting Facts about Big Data
12 Interesting Facts about Big Data12 Interesting Facts about Big Data
12 Interesting Facts about Big Data
 
Boston Consulting Group Matrix
Boston Consulting Group MatrixBoston Consulting Group Matrix
Boston Consulting Group Matrix
 
BCG Matrix
BCG MatrixBCG Matrix
BCG Matrix
 
Lean Analytics Cycle
Lean Analytics CycleLean Analytics Cycle
Lean Analytics Cycle
 
BCG matrix with example
BCG matrix with exampleBCG matrix with example
BCG matrix with example
 
Big Data - 25 Amazing Facts Everyone Should Know
Big Data - 25 Amazing Facts Everyone Should KnowBig Data - 25 Amazing Facts Everyone Should Know
Big Data - 25 Amazing Facts Everyone Should Know
 

Semelhante a Customer analytics fast facts v3

Validating and Promoting HR Strategies with Data and Analytics
Validating and Promoting HR Strategies with Data and AnalyticsValidating and Promoting HR Strategies with Data and Analytics
Validating and Promoting HR Strategies with Data and AnalyticsMark Lawrence
 
COVID-19 Impact on Analytics Teams
COVID-19 Impact on Analytics TeamsCOVID-19 Impact on Analytics Teams
COVID-19 Impact on Analytics TeamsMichael Jennings
 
The Value of Pervasive Analytics
The Value of Pervasive AnalyticsThe Value of Pervasive Analytics
The Value of Pervasive AnalyticsCloudera, Inc.
 
Pervasive Analytics Gets Real
Pervasive Analytics Gets RealPervasive Analytics Gets Real
Pervasive Analytics Gets RealCloudera, Inc.
 
Oracle's Modern HR in the Cloud
Oracle's Modern HR in the CloudOracle's Modern HR in the Cloud
Oracle's Modern HR in the CloudJohnHansenHCM
 
Data and the Changing Role of the Tech Savvy CFO
Data and the Changing Role of the Tech Savvy CFOData and the Changing Role of the Tech Savvy CFO
Data and the Changing Role of the Tech Savvy CFODamian R. Mingle, MBA
 
Ken Demma - Big Data Morality MIT 7-22 v2
Ken Demma - Big Data Morality MIT 7-22 v2Ken Demma - Big Data Morality MIT 7-22 v2
Ken Demma - Big Data Morality MIT 7-22 v2Ken Demma
 
Optimization as a Golden Layer - Chris Diener, SVP Analytics, Absolutdata
Optimization as a Golden Layer - Chris Diener, SVP Analytics, AbsolutdataOptimization as a Golden Layer - Chris Diener, SVP Analytics, Absolutdata
Optimization as a Golden Layer - Chris Diener, SVP Analytics, AbsolutdataAbsolutdata Analytics
 
Marcus Baker: People Analytics at Scale
Marcus Baker: People Analytics at ScaleMarcus Baker: People Analytics at Scale
Marcus Baker: People Analytics at ScaleEdunomica
 
Oracle Big Data Action Plan for Finance Professionals
Oracle Big Data Action Plan for Finance ProfessionalsOracle Big Data Action Plan for Finance Professionals
Oracle Big Data Action Plan for Finance ProfessionalsRich Clayton
 
Bardess Moderated - Analytics and Business Intelligence - Society of Informat...
Bardess Moderated - Analytics and Business Intelligence - Society of Informat...Bardess Moderated - Analytics and Business Intelligence - Society of Informat...
Bardess Moderated - Analytics and Business Intelligence - Society of Informat...bardessweb
 
Data Science Leaders Outlook In India 2019: By AIM & Simplilearn
Data Science Leaders Outlook In India 2019: By AIM & SimplilearnData Science Leaders Outlook In India 2019: By AIM & Simplilearn
Data Science Leaders Outlook In India 2019: By AIM & SimplilearnRicha Bhatia
 
Ventana research Top Five Trends in Employee Experience
Ventana research Top Five Trends in Employee ExperienceVentana research Top Five Trends in Employee Experience
Ventana research Top Five Trends in Employee ExperienceVentana Research
 
How to Create a Data Analytics Roadmap
How to Create a Data Analytics RoadmapHow to Create a Data Analytics Roadmap
How to Create a Data Analytics RoadmapCCG
 
Survey Results Age Of Unbounded Data June 03 10
Survey Results Age Of Unbounded Data June 03 10Survey Results Age Of Unbounded Data June 03 10
Survey Results Age Of Unbounded Data June 03 10nhaque
 
The Softer Skills Analysts need to make an impact
The Softer Skills Analysts need to make an impactThe Softer Skills Analysts need to make an impact
The Softer Skills Analysts need to make an impactPaul Laughlin
 
Whitepaper - Simplifying Analytics Adoption in Enterprise
Whitepaper - Simplifying Analytics Adoption in EnterpriseWhitepaper - Simplifying Analytics Adoption in Enterprise
Whitepaper - Simplifying Analytics Adoption in EnterpriseBRIDGEi2i Analytics Solutions
 

Semelhante a Customer analytics fast facts v3 (20)

From 'I think' to 'I know'
From 'I think' to 'I know'From 'I think' to 'I know'
From 'I think' to 'I know'
 
Validating and Promoting HR Strategies with Data and Analytics
Validating and Promoting HR Strategies with Data and AnalyticsValidating and Promoting HR Strategies with Data and Analytics
Validating and Promoting HR Strategies with Data and Analytics
 
COVID-19 Impact on Analytics Teams
COVID-19 Impact on Analytics TeamsCOVID-19 Impact on Analytics Teams
COVID-19 Impact on Analytics Teams
 
The Value of Pervasive Analytics
The Value of Pervasive AnalyticsThe Value of Pervasive Analytics
The Value of Pervasive Analytics
 
Pervasive Analytics Gets Real
Pervasive Analytics Gets RealPervasive Analytics Gets Real
Pervasive Analytics Gets Real
 
Successful Marketing Requires Even Better Measurement and Analytics
Successful Marketing Requires Even Better Measurement and AnalyticsSuccessful Marketing Requires Even Better Measurement and Analytics
Successful Marketing Requires Even Better Measurement and Analytics
 
Oracle's Modern HR in the Cloud
Oracle's Modern HR in the CloudOracle's Modern HR in the Cloud
Oracle's Modern HR in the Cloud
 
Data and the Changing Role of the Tech Savvy CFO
Data and the Changing Role of the Tech Savvy CFOData and the Changing Role of the Tech Savvy CFO
Data and the Changing Role of the Tech Savvy CFO
 
Ken Demma - Big Data Morality MIT 7-22 v2
Ken Demma - Big Data Morality MIT 7-22 v2Ken Demma - Big Data Morality MIT 7-22 v2
Ken Demma - Big Data Morality MIT 7-22 v2
 
Optimization as a Golden Layer - Chris Diener, SVP Analytics, Absolutdata
Optimization as a Golden Layer - Chris Diener, SVP Analytics, AbsolutdataOptimization as a Golden Layer - Chris Diener, SVP Analytics, Absolutdata
Optimization as a Golden Layer - Chris Diener, SVP Analytics, Absolutdata
 
Marcus Baker: People Analytics at Scale
Marcus Baker: People Analytics at ScaleMarcus Baker: People Analytics at Scale
Marcus Baker: People Analytics at Scale
 
Oracle Big Data Action Plan for Finance Professionals
Oracle Big Data Action Plan for Finance ProfessionalsOracle Big Data Action Plan for Finance Professionals
Oracle Big Data Action Plan for Finance Professionals
 
Bardess Moderated - Analytics and Business Intelligence - Society of Informat...
Bardess Moderated - Analytics and Business Intelligence - Society of Informat...Bardess Moderated - Analytics and Business Intelligence - Society of Informat...
Bardess Moderated - Analytics and Business Intelligence - Society of Informat...
 
Data Science Leaders Outlook In India 2019: By AIM & Simplilearn
Data Science Leaders Outlook In India 2019: By AIM & SimplilearnData Science Leaders Outlook In India 2019: By AIM & Simplilearn
Data Science Leaders Outlook In India 2019: By AIM & Simplilearn
 
Ventana research Top Five Trends in Employee Experience
Ventana research Top Five Trends in Employee ExperienceVentana research Top Five Trends in Employee Experience
Ventana research Top Five Trends in Employee Experience
 
How to Create a Data Analytics Roadmap
How to Create a Data Analytics RoadmapHow to Create a Data Analytics Roadmap
How to Create a Data Analytics Roadmap
 
Survey Results Age Of Unbounded Data June 03 10
Survey Results Age Of Unbounded Data June 03 10Survey Results Age Of Unbounded Data June 03 10
Survey Results Age Of Unbounded Data June 03 10
 
The Role of Data Analytics
The Role of Data AnalyticsThe Role of Data Analytics
The Role of Data Analytics
 
The Softer Skills Analysts need to make an impact
The Softer Skills Analysts need to make an impactThe Softer Skills Analysts need to make an impact
The Softer Skills Analysts need to make an impact
 
Whitepaper - Simplifying Analytics Adoption in Enterprise
Whitepaper - Simplifying Analytics Adoption in EnterpriseWhitepaper - Simplifying Analytics Adoption in Enterprise
Whitepaper - Simplifying Analytics Adoption in Enterprise
 

Mais de Absolutdata Analytics

Seven questions you must answer before starting concept research
Seven questions you must answer before starting concept researchSeven questions you must answer before starting concept research
Seven questions you must answer before starting concept researchAbsolutdata Analytics
 
When Less Is More: Focusing on the Persuadable Guest
When Less Is More: Focusing on the Persuadable GuestWhen Less Is More: Focusing on the Persuadable Guest
When Less Is More: Focusing on the Persuadable GuestAbsolutdata Analytics
 
'No menu - Give us the Chef's Special'
'No menu - Give us the Chef's Special' 'No menu - Give us the Chef's Special'
'No menu - Give us the Chef's Special' Absolutdata Analytics
 
Decision Making Through Conjoint Analysis
Decision Making Through Conjoint AnalysisDecision Making Through Conjoint Analysis
Decision Making Through Conjoint AnalysisAbsolutdata Analytics
 
Mobile Behavioral Analytics - A new window on the soul
Mobile Behavioral Analytics - A new window on the soulMobile Behavioral Analytics - A new window on the soul
Mobile Behavioral Analytics - A new window on the soulAbsolutdata Analytics
 
Mobile Behavioural Analytics - A new window on the soul
Mobile Behavioural Analytics - A new window on the soulMobile Behavioural Analytics - A new window on the soul
Mobile Behavioural Analytics - A new window on the soulAbsolutdata Analytics
 
Application of MBC through Storytelling in CPG Industry
Application of MBC through Storytelling in CPG IndustryApplication of MBC through Storytelling in CPG Industry
Application of MBC through Storytelling in CPG IndustryAbsolutdata Analytics
 
3 Steps to Influence Purchase Decision Through Social Media
3 Steps to Influence Purchase Decision Through Social Media3 Steps to Influence Purchase Decision Through Social Media
3 Steps to Influence Purchase Decision Through Social MediaAbsolutdata Analytics
 
Innovations in Market Mix Modelling
Innovations in Market Mix Modelling Innovations in Market Mix Modelling
Innovations in Market Mix Modelling Absolutdata Analytics
 
(MRSI - 3/3) Strategic country clusters using ensemble clustering methodolgie...
(MRSI - 3/3) Strategic country clusters using ensemble clustering methodolgie...(MRSI - 3/3) Strategic country clusters using ensemble clustering methodolgie...
(MRSI - 3/3) Strategic country clusters using ensemble clustering methodolgie...Absolutdata Analytics
 
(MRSI- 2/3) Re-engineering Segmentation methodologies for an Enriching Custom...
(MRSI- 2/3) Re-engineering Segmentation methodologies for an Enriching Custom...(MRSI- 2/3) Re-engineering Segmentation methodologies for an Enriching Custom...
(MRSI- 2/3) Re-engineering Segmentation methodologies for an Enriching Custom...Absolutdata Analytics
 
Adapting conjoint to the mobile phenomenon
Adapting conjoint to the mobile phenomenonAdapting conjoint to the mobile phenomenon
Adapting conjoint to the mobile phenomenonAbsolutdata Analytics
 
Multi Channel Attribution - Driving Marketing Spend Planning In The Big Data Age
Multi Channel Attribution - Driving Marketing Spend Planning In The Big Data AgeMulti Channel Attribution - Driving Marketing Spend Planning In The Big Data Age
Multi Channel Attribution - Driving Marketing Spend Planning In The Big Data AgeAbsolutdata Analytics
 
Camera ready sentiment analysis : quantification of real time brand advocacy ...
Camera ready sentiment analysis : quantification of real time brand advocacy ...Camera ready sentiment analysis : quantification of real time brand advocacy ...
Camera ready sentiment analysis : quantification of real time brand advocacy ...Absolutdata Analytics
 

Mais de Absolutdata Analytics (17)

Seven questions you must answer before starting concept research
Seven questions you must answer before starting concept researchSeven questions you must answer before starting concept research
Seven questions you must answer before starting concept research
 
Navik Concept Test Overview Webinar
Navik Concept Test Overview WebinarNavik Concept Test Overview Webinar
Navik Concept Test Overview Webinar
 
Skin care report
Skin care reportSkin care report
Skin care report
 
Shared Data - Assured Success
Shared Data - Assured SuccessShared Data - Assured Success
Shared Data - Assured Success
 
When Less Is More: Focusing on the Persuadable Guest
When Less Is More: Focusing on the Persuadable GuestWhen Less Is More: Focusing on the Persuadable Guest
When Less Is More: Focusing on the Persuadable Guest
 
'No menu - Give us the Chef's Special'
'No menu - Give us the Chef's Special' 'No menu - Give us the Chef's Special'
'No menu - Give us the Chef's Special'
 
Decision Making Through Conjoint Analysis
Decision Making Through Conjoint AnalysisDecision Making Through Conjoint Analysis
Decision Making Through Conjoint Analysis
 
Mobile Behavioral Analytics - A new window on the soul
Mobile Behavioral Analytics - A new window on the soulMobile Behavioral Analytics - A new window on the soul
Mobile Behavioral Analytics - A new window on the soul
 
Mobile Behavioural Analytics - A new window on the soul
Mobile Behavioural Analytics - A new window on the soulMobile Behavioural Analytics - A new window on the soul
Mobile Behavioural Analytics - A new window on the soul
 
Application of MBC through Storytelling in CPG Industry
Application of MBC through Storytelling in CPG IndustryApplication of MBC through Storytelling in CPG Industry
Application of MBC through Storytelling in CPG Industry
 
3 Steps to Influence Purchase Decision Through Social Media
3 Steps to Influence Purchase Decision Through Social Media3 Steps to Influence Purchase Decision Through Social Media
3 Steps to Influence Purchase Decision Through Social Media
 
Innovations in Market Mix Modelling
Innovations in Market Mix Modelling Innovations in Market Mix Modelling
Innovations in Market Mix Modelling
 
(MRSI - 3/3) Strategic country clusters using ensemble clustering methodolgie...
(MRSI - 3/3) Strategic country clusters using ensemble clustering methodolgie...(MRSI - 3/3) Strategic country clusters using ensemble clustering methodolgie...
(MRSI - 3/3) Strategic country clusters using ensemble clustering methodolgie...
 
(MRSI- 2/3) Re-engineering Segmentation methodologies for an Enriching Custom...
(MRSI- 2/3) Re-engineering Segmentation methodologies for an Enriching Custom...(MRSI- 2/3) Re-engineering Segmentation methodologies for an Enriching Custom...
(MRSI- 2/3) Re-engineering Segmentation methodologies for an Enriching Custom...
 
Adapting conjoint to the mobile phenomenon
Adapting conjoint to the mobile phenomenonAdapting conjoint to the mobile phenomenon
Adapting conjoint to the mobile phenomenon
 
Multi Channel Attribution - Driving Marketing Spend Planning In The Big Data Age
Multi Channel Attribution - Driving Marketing Spend Planning In The Big Data AgeMulti Channel Attribution - Driving Marketing Spend Planning In The Big Data Age
Multi Channel Attribution - Driving Marketing Spend Planning In The Big Data Age
 
Camera ready sentiment analysis : quantification of real time brand advocacy ...
Camera ready sentiment analysis : quantification of real time brand advocacy ...Camera ready sentiment analysis : quantification of real time brand advocacy ...
Camera ready sentiment analysis : quantification of real time brand advocacy ...
 

Último

Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...Dipal Arora
 
Monte Carlo simulation : Simulation using MCSM
Monte Carlo simulation : Simulation using MCSMMonte Carlo simulation : Simulation using MCSM
Monte Carlo simulation : Simulation using MCSMRavindra Nath Shukla
 
M.C Lodges -- Guest House in Jhang.
M.C Lodges --  Guest House in Jhang.M.C Lodges --  Guest House in Jhang.
M.C Lodges -- Guest House in Jhang.Aaiza Hassan
 
KYC-Verified Accounts: Helping Companies Handle Challenging Regulatory Enviro...
KYC-Verified Accounts: Helping Companies Handle Challenging Regulatory Enviro...KYC-Verified Accounts: Helping Companies Handle Challenging Regulatory Enviro...
KYC-Verified Accounts: Helping Companies Handle Challenging Regulatory Enviro...Any kyc Account
 
Lucknow 💋 Escorts in Lucknow - 450+ Call Girl Cash Payment 8923113531 Neha Th...
Lucknow 💋 Escorts in Lucknow - 450+ Call Girl Cash Payment 8923113531 Neha Th...Lucknow 💋 Escorts in Lucknow - 450+ Call Girl Cash Payment 8923113531 Neha Th...
Lucknow 💋 Escorts in Lucknow - 450+ Call Girl Cash Payment 8923113531 Neha Th...anilsa9823
 
Dr. Admir Softic_ presentation_Green Club_ENG.pdf
Dr. Admir Softic_ presentation_Green Club_ENG.pdfDr. Admir Softic_ presentation_Green Club_ENG.pdf
Dr. Admir Softic_ presentation_Green Club_ENG.pdfAdmir Softic
 
FULL ENJOY Call Girls In Mahipalpur Delhi Contact Us 8377877756
FULL ENJOY Call Girls In Mahipalpur Delhi Contact Us 8377877756FULL ENJOY Call Girls In Mahipalpur Delhi Contact Us 8377877756
FULL ENJOY Call Girls In Mahipalpur Delhi Contact Us 8377877756dollysharma2066
 
Call Girls Pune Just Call 9907093804 Top Class Call Girl Service Available
Call Girls Pune Just Call 9907093804 Top Class Call Girl Service AvailableCall Girls Pune Just Call 9907093804 Top Class Call Girl Service Available
Call Girls Pune Just Call 9907093804 Top Class Call Girl Service AvailableDipal Arora
 
👉Chandigarh Call Girls 👉9878799926👉Just Call👉Chandigarh Call Girl In Chandiga...
👉Chandigarh Call Girls 👉9878799926👉Just Call👉Chandigarh Call Girl In Chandiga...👉Chandigarh Call Girls 👉9878799926👉Just Call👉Chandigarh Call Girl In Chandiga...
👉Chandigarh Call Girls 👉9878799926👉Just Call👉Chandigarh Call Girl In Chandiga...rajveerescorts2022
 
The Coffee Bean & Tea Leaf(CBTL), Business strategy case study
The Coffee Bean & Tea Leaf(CBTL), Business strategy case studyThe Coffee Bean & Tea Leaf(CBTL), Business strategy case study
The Coffee Bean & Tea Leaf(CBTL), Business strategy case studyEthan lee
 
Monthly Social Media Update April 2024 pptx.pptx
Monthly Social Media Update April 2024 pptx.pptxMonthly Social Media Update April 2024 pptx.pptx
Monthly Social Media Update April 2024 pptx.pptxAndy Lambert
 
Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...
Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...
Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...Dave Litwiller
 
Mondelez State of Snacking and Future Trends 2023
Mondelez State of Snacking and Future Trends 2023Mondelez State of Snacking and Future Trends 2023
Mondelez State of Snacking and Future Trends 2023Neil Kimberley
 
7.pdf This presentation captures many uses and the significance of the number...
7.pdf This presentation captures many uses and the significance of the number...7.pdf This presentation captures many uses and the significance of the number...
7.pdf This presentation captures many uses and the significance of the number...Paul Menig
 
B.COM Unit – 4 ( CORPORATE SOCIAL RESPONSIBILITY ( CSR ).pptx
B.COM Unit – 4 ( CORPORATE SOCIAL RESPONSIBILITY ( CSR ).pptxB.COM Unit – 4 ( CORPORATE SOCIAL RESPONSIBILITY ( CSR ).pptx
B.COM Unit – 4 ( CORPORATE SOCIAL RESPONSIBILITY ( CSR ).pptxpriyanshujha201
 
Pharma Works Profile of Karan Communications
Pharma Works Profile of Karan CommunicationsPharma Works Profile of Karan Communications
Pharma Works Profile of Karan Communicationskarancommunications
 
MONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRL
MONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRLMONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRL
MONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRLSeo
 
Cracking the Cultural Competence Code.pptx
Cracking the Cultural Competence Code.pptxCracking the Cultural Competence Code.pptx
Cracking the Cultural Competence Code.pptxWorkforce Group
 
Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...
Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...
Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...lizamodels9
 

Último (20)

Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
 
Monte Carlo simulation : Simulation using MCSM
Monte Carlo simulation : Simulation using MCSMMonte Carlo simulation : Simulation using MCSM
Monte Carlo simulation : Simulation using MCSM
 
M.C Lodges -- Guest House in Jhang.
M.C Lodges --  Guest House in Jhang.M.C Lodges --  Guest House in Jhang.
M.C Lodges -- Guest House in Jhang.
 
KYC-Verified Accounts: Helping Companies Handle Challenging Regulatory Enviro...
KYC-Verified Accounts: Helping Companies Handle Challenging Regulatory Enviro...KYC-Verified Accounts: Helping Companies Handle Challenging Regulatory Enviro...
KYC-Verified Accounts: Helping Companies Handle Challenging Regulatory Enviro...
 
Lucknow 💋 Escorts in Lucknow - 450+ Call Girl Cash Payment 8923113531 Neha Th...
Lucknow 💋 Escorts in Lucknow - 450+ Call Girl Cash Payment 8923113531 Neha Th...Lucknow 💋 Escorts in Lucknow - 450+ Call Girl Cash Payment 8923113531 Neha Th...
Lucknow 💋 Escorts in Lucknow - 450+ Call Girl Cash Payment 8923113531 Neha Th...
 
Dr. Admir Softic_ presentation_Green Club_ENG.pdf
Dr. Admir Softic_ presentation_Green Club_ENG.pdfDr. Admir Softic_ presentation_Green Club_ENG.pdf
Dr. Admir Softic_ presentation_Green Club_ENG.pdf
 
FULL ENJOY Call Girls In Mahipalpur Delhi Contact Us 8377877756
FULL ENJOY Call Girls In Mahipalpur Delhi Contact Us 8377877756FULL ENJOY Call Girls In Mahipalpur Delhi Contact Us 8377877756
FULL ENJOY Call Girls In Mahipalpur Delhi Contact Us 8377877756
 
Call Girls Pune Just Call 9907093804 Top Class Call Girl Service Available
Call Girls Pune Just Call 9907093804 Top Class Call Girl Service AvailableCall Girls Pune Just Call 9907093804 Top Class Call Girl Service Available
Call Girls Pune Just Call 9907093804 Top Class Call Girl Service Available
 
👉Chandigarh Call Girls 👉9878799926👉Just Call👉Chandigarh Call Girl In Chandiga...
👉Chandigarh Call Girls 👉9878799926👉Just Call👉Chandigarh Call Girl In Chandiga...👉Chandigarh Call Girls 👉9878799926👉Just Call👉Chandigarh Call Girl In Chandiga...
👉Chandigarh Call Girls 👉9878799926👉Just Call👉Chandigarh Call Girl In Chandiga...
 
The Coffee Bean & Tea Leaf(CBTL), Business strategy case study
The Coffee Bean & Tea Leaf(CBTL), Business strategy case studyThe Coffee Bean & Tea Leaf(CBTL), Business strategy case study
The Coffee Bean & Tea Leaf(CBTL), Business strategy case study
 
Monthly Social Media Update April 2024 pptx.pptx
Monthly Social Media Update April 2024 pptx.pptxMonthly Social Media Update April 2024 pptx.pptx
Monthly Social Media Update April 2024 pptx.pptx
 
Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...
Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...
Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...
 
Mondelez State of Snacking and Future Trends 2023
Mondelez State of Snacking and Future Trends 2023Mondelez State of Snacking and Future Trends 2023
Mondelez State of Snacking and Future Trends 2023
 
Forklift Operations: Safety through Cartoons
Forklift Operations: Safety through CartoonsForklift Operations: Safety through Cartoons
Forklift Operations: Safety through Cartoons
 
7.pdf This presentation captures many uses and the significance of the number...
7.pdf This presentation captures many uses and the significance of the number...7.pdf This presentation captures many uses and the significance of the number...
7.pdf This presentation captures many uses and the significance of the number...
 
B.COM Unit – 4 ( CORPORATE SOCIAL RESPONSIBILITY ( CSR ).pptx
B.COM Unit – 4 ( CORPORATE SOCIAL RESPONSIBILITY ( CSR ).pptxB.COM Unit – 4 ( CORPORATE SOCIAL RESPONSIBILITY ( CSR ).pptx
B.COM Unit – 4 ( CORPORATE SOCIAL RESPONSIBILITY ( CSR ).pptx
 
Pharma Works Profile of Karan Communications
Pharma Works Profile of Karan CommunicationsPharma Works Profile of Karan Communications
Pharma Works Profile of Karan Communications
 
MONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRL
MONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRLMONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRL
MONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRL
 
Cracking the Cultural Competence Code.pptx
Cracking the Cultural Competence Code.pptxCracking the Cultural Competence Code.pptx
Cracking the Cultural Competence Code.pptx
 
Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...
Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...
Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...
 

Customer analytics fast facts v3

  • 1. © Absolutdata 2014 Proprietary and Confidential Chicago New York London Dubai New Delhi Bangalore SingaporeSan Francisco www.absolutdata.com April 30, 2014 FAST facts Customer Analytics
  • 2. © Absolutdata 2014 Proprietary and Confidential 2 In Spring 2013, Alteryx and Absolutdata surveyed industry thought leaders to gather insight into how organizations use Customer Analytics, including adoption levels, goals, usage, and relative maturity. This document provides a fast summary of our findings.
  • 3. © Absolutdata 2014 Proprietary and Confidential 3 69% 69% 61% 49% 41% 31% 30% 17% 6% Customer demographics Primary/research data POS/transaction data Customer interaction data Social media Loyalty card data Complaint data Recorded voice calls Others Companies collect many different types of customer data Data captured from every customer interaction has the potential to provide deeper insight into their behavior, attitudes, and opinions— insight that can be leveraged to improve customer relationships and gain a competitive edge. The survey results show that traditional data sources still dominate, but several new areas of insight are emerging.
  • 4. © Absolutdata 2014 Proprietary and Confidential 4 82%18% Yes No The vast majority of companies use Customer Analytics today Organizations are listening to what customers say through their data. They use this insight to implement customer-driven marketing strategies that improve revenue and customer loyalty. But, are they getting full value from their data?
  • 5. © Absolutdata 2014 Proprietary and Confidential 5 Customer Focus Channel Focus 69% 63% 46% 62% 60% 49% Customer acquisition/retention Enhanced customer satisfaction Increased loyalty Improve product/service design Optimize marketing/channel Design/improve channel strategy Customer Analytics contributes significant insight in support of strategic operations Product Focus WHERE IS THE VALUE? Customer Analytics is used primarily for customer-focused Sales & Marketing activities. But, many also use this insight to make product/service portfolio decisions, and determine the optimal distribution channels.
  • 6. © Absolutdata 2014 Proprietary and Confidential 6 CHALLENGE #1: Getting the Right Data CHALLENGE #2: Lack of Access & Skills CHALLENGE #3: ROI Assessment Three Major Challenges Inhibit Analytic Decision Making
  • 7. © Absolutdata 2014 Proprietary and Confidential 7 43% 39% 38% 37% 23% Accessing data managed by other departments Integrating massive amounts of data Integrating disparate data types Converting data into actionable insight Collecting and storing relevant data CHALLENGE #1: Getting the Right Data  Different departments use different data sources in an attempt to answer similar questions  Time is wasted with tools that cannot process Big Data efficiently  Unstructured, but valuable data such as social media and call center logs cannot be used Massive volumes of disparate data types and sources must become easier to access, work with, and blend.
  • 8. © Absolutdata 2014 Proprietary and Confidential 8 12% 38% 42% 8% Industry leading, with a mastery of advanced analytics Advanced, using predictive and spatial analytics Basic, for modification of existing analytic workflows Limited, for generating reports only CHALLENGE #2: Lack of Access & Skills  Limited IT staff/resources require line- of- business users to perform their own analytics  Access to data and overly complex tools remains a barrier to greater analytics usage  There is limited ability for new analyses, especially in B2B companies where basic skills dominate The analytics required to answer complex questions must be put into the hands of users with the industry knowledge and skills.
  • 9. © Absolutdata 2014 Proprietary and Confidential 9 CHALLENGE #3: ROI Assessment  Organizations struggle with defining & calculating ROI for analytics  Less than half can identify positive ROI  Implementation of marketing best practices can be accelerated using specialized support ROI remains elusive so a new paradigm is required that puts the right data and analytics into the hands of those who drive the business forward. 9% 10% 43% 38% Return is less than investment Return is equal to investment Return is more than investment Don't know or can't measure
  • 10. © Absolutdata 2014 Proprietary and Confidential 10 RECOMMENDATION #1: Massive volumes of disparate data types and sources must become easier to access, work with, and blend. RECOMMENDATION #2: The analytics required to answer complex questions must be put into the hands of users with the industry knowledge and skills. RECOMMENDATION #3: ROI remains elusive so a new paradigm is required that puts the right data and analytics into the hands of those who drive the business forward.
  • 11. © Absolutdata 2014 Proprietary and Confidential 11 71% 75% 95% 22% 12% 4% 7% 13% 1% External Resources People Technology Positive No change Negative Average Increase: 21% Average Increase: 25% Average Increase: 14% Average Decrease: 10% Average Decrease: 11% Average Decrease: 12% Analytics Investment Continues Despite these challenges, almost all companies plan to increase their investment in analytics technology, people and external resources.
  • 12. © Absolutdata 2014 Proprietary and Confidential 12 Alteryx/Absolutdata will be publishing a white paper in July 2013 to provide more information about this survey and a detailed review of the results. Plus, this paper will provide insight about how to put data to work to predict customer behavior, and create targeted offers that drive critical improvements in sales, customer retention, and loyalty.