Exasol Research Finds 58% of Organizations Make Decisions Based on Outdated Data
New research shows that 58% of organizations make decisions based on outdated data. The finding comes from a report “Accelerating data-driven decision making: 5 ways to turn crisis-mode into business as usual” commissioned by Exasol, the high-performance analytics database, published. The report reveals that 84% of organizations are under increasing pressure to make faster decisions as a result of the COVID-19 pandemic, yet 58% of organizations lack access to real-time insights.
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New @ExasolAG research finds that 58% of organizations make decisions based on outdated data
The report further reveals that 63% of respondents confirm that daily insights are needed to make informed business decisions, but these are hampered by long query run times. 75% of respondents have to wait between 2 hours and a full day for a query to come back, and only 15% of respondents’ query run times are between 15 and 60 minutes. More than half (56%) believe they can’t make informed decisions based on their organization’s data.
“As a healthcare, retail, or financial services business you cannot afford to make decisions based on yesterday’s data,” said Rishi Diwan, chief product officer (CPO) of Exasol. “If the pandemic has made one thing clear it’s that business conditions can turn on a dime, yet 6 in 10 businesses find themselves saddled with decision-making infrastructure that is just not responsive enough. At Exasol, we enable industry leaders like Piedmont Healthcare, Zalando, or Grant Street Group to respond to evolving business conditions in real-time.”
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