Business analytics is now pervasive in almost every financial institution, large or small. Current estimates are that 97 percent of large companies
leverage analytics, with over 100 million users worldwide. And this is for good reason. A recent study by the International Data Corporation (IDC) discovered that data-driven businesses—those that look at, analyze, and understand their data—are 6 percent more profitable and 5 percent more productive. Think it's only for analysts and line-of-business managers? Think again. Analytics users are spread out across all functional areas and all levels of management, from executives to line operations and from managers to knowledge workers. More than 45 percent of organizations realize benefits within six months of focusing on exposing analytics more widely across the business.
