Business is being driven increasingly by data and analytics, and organisations in both the public and private sectors are investing to develop their data and analytics capabilities. Embedding analytics capabilities and developing an analytics culture is a multi-stage journey, and organisations are at different stages or levels of maturity.
At Deloitte, we have been tracking the measures that organisations have been taking to develop their data, analytics and AI capabilities, and have carried out annual surveys since 2017. This year we have conducted a survey of 263 client organisations from around the world, ranging in size (37% small, 21% medium-size and 42% large) and spread across business sectors, to establish how far they have reached in their journey, and what may be barriers to progress that they are facing.
We call our respondents Insight Driven Organisations, or IDOs, which we define as those that have succeeded in embedding analytical capabilities and a data culture in their decision-making processes. The individuals providing the survey responses are all involved in data and analytics within their organisation.
Over time we expect the most successful organisations will be those that adopt advanced analytics, including artificial intelligence, to enhance their insights for decision-making. The data from our survey can be used by organisations to benchmark their progress, and consider whether they are ahead of others, gaining competitive advantage, or whether they may be trailing behind.
We have used responses from the survey to produce a report that covers two key themes:
In this report, we summarise the main findings from the survey. If you would like to dive deeper into the responses we received, we should be delighted to discuss them with you.