{"id":10802,"date":"2017-06-15T13:32:03","date_gmt":"2017-06-15T13:32:03","guid":{"rendered":"http:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/e-commerce\/solving_the_data_analytics_skills_gap.html"},"modified":"2022-10-14T18:30:25","modified_gmt":"2022-10-14T22:30:25","slug":"solving-the-data-analytics-skills-gap","status":"publish","type":"post","link":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wireless\/solving-the-data-analytics-skills-gap.html","title":{"rendered":"Solving the Data Analytics Skills Gap"},"content":{"rendered":"

Data analytics is doing absolutely amazing things for companies… Recently, Vodafone worked with a venture-backed company Celonis to improve efficiency. The results have been nothing short of staggering. Process costs per purchase order were cut by 11% and time to market by 20% – all in less than six months. Solutions like this are touted as MRI for your business in a Forbes article<\/a> from Gil Press<\/a>. See graphic below.<\/p>\n

\"Celonis.jpg\"<\/a><\/p>\n

Data mining, big data and analytics have the potential to transform businesses and many companies are investing now to accrue the benefits before the competition.<\/p>\n

You literally can’t look at the tech news of the day without seeing a wealth of analytics stories. For example, an IoT Evolution<\/a> piece from Cynthia Artin discusses how Amazon AWS Greengrass<\/a> is allowing for improved analytics – including examples from Lenovo.<\/p>\n

Larry Dignan at ZDNet further discusses<\/a> Salesforce Einstein Analytics contextual suite of self-service apps throughout its platform. See graphic below.
\"einstein-analytics-screen-2.png\"<\/a><\/p>\n

The increased focus on analytics hasn’t been missed by the media. In fact, in March 2017, Dun & Bradstreet and Forbes Insights explored<\/a> the current state of analytics adoption across the enterprise via a survey of more than 300 executives in North America, the U.K. and Ireland across a range of industries. <\/p>\n

Some of the findings are fascinating (emphasis added by us):<\/p>\n

• Senior executives finally understand<\/strong> the value of analytics and are making investments in technology, people and processes.<\/p>\n

• Data analytics skills gaps<\/strong> persist<\/strong> across the enterprise, as 27% of analytics professionals surveyed cite this skills gap<\/strong> as a major impediment in their data initiatives.<\/div>\n

• Data analytics has moved from IT and finance to the majority of business functions<\/strong>.<\/p>\n

• Analytical methods and tools trail<\/strong> both the appetite and ambition of most business leaders: 23% of analytics professionals are still using spreadsheets<\/strong> as their primary tool for data analysis.<\/p>\n

• There is a dire need for better data analytics best practices, with 19% using only basic data models and regressions<\/strong>.<\/p>\n

• People capital is a major factor for data analytics success<\/strong>.<\/p>\n

• While data analytics has gone mainstream, the C-suite and senior leadership need to do more to drive the cultural change<\/strong> needed for better utilization of analytics, as 38% of those surveyed say their companies need to do more<\/strong>.<\/p>\n

• To move to a data-driven enterprise, business leaders need to do more with all the data their teams are consuming and analyzing. Only 38% of respondents strongly felt that business leaders took full advantage of their analytics initiatives.<\/strong><\/p>\n

In short, there is a skills gap and an opportunity gap with a small but growing number of companies beginning to take advantage of data analytics to save money and find new customers.<\/p>\n

The opportunity is not going to go away – companies need to be on the leading edge of this curve to stay competitive.<\/p>\n

One way to be on the forefront is to attend the IoT Evolution<\/a>, Business Intelligence and Analytics<\/a> track where you will hear from companies like Tellient, Uptake, GLOBECOMM, IBM, Cradlepoint and many more. Register now<\/a> – the event takes place July 17-20 in Las Vegas.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Data analytics is doing absolutely amazing things for companies… Recently, Vodafone worked with a venture-backed company Celonis to improve efficiency. The results have been nothing short of staggering. Process costs per purchase order were cut by 11% and time to market by 20% – all in less than six months. Solutions like this are touted<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[185,187,175],"tags":[],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/posts\/10802"}],"collection":[{"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/comments?post=10802"}],"version-history":[{"count":1,"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/posts\/10802\/revisions"}],"predecessor-version":[{"id":11249,"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/posts\/10802\/revisions\/11249"}],"wp:attachment":[{"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/media?parent=10802"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/categories?post=10802"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/tags?post=10802"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}