1. ROI for business intelligence projects is over 10,000%Nucleus Research examined several case studies to find out how much companies were getting back from their investment in business intelligence.

 

 

For every dollar spent on BI, researchers found that $10.66 is made back.

 

The results are encouraging for CFO’s reluctant to invest the time and resources in new technologies. Harvesting big data pays big dividends.

 

2. 74% of non-adopting organizations are negatively impacted

 

Companies that do not take advantage of business intelligence software must rely on data that is manually assembled. For reporting alone, this is both time-consuming and prone to human error.

 

Of those organizations, nearly three-fourths will see some negative effect on their daily operations because of their lack of adoption, according to Info Tech, an IT research group.

 

This does not even address the competitive advantage lost by companies not using BI for other purposes, such as improving business efficiency.

 

3.  99.5% of new data is never analyzed or used

 

The amount of new data being created on the Internet is doubling every two years, according to MIT Technology Review, but a startling amount of it sits untouched in cyberspace.

 

Most of this data, 75%, is created by consumers. It includes things like movie downloads, emails, VoIP calls, and cell-phone location readings.

 

Clearly, there’s a gold mine of information out there that’s just waiting to be tapped.

 

4. Companies that use analytics are five times more likely to make faster decisions

 

Technology has vastly sped up business processes, and it’s no surprise that faster decision-making is one of the most impactful results.

 

Quicker decisions often come from tools that incorporate real-time data, keeping users updated as the data itself is actually created. The phenomenon known as fast data, a group of technologies that collectively make BI faster, is rapidly gaining traction.

 

It’s why Nati Shalom, the CTO and Founder of GigaSpaces, has written that since so many companies have big data, fast data is how innovative companies are gaining a competitive edge.