Alteryx, Inc. has released its independent research titled The Decision-Making Technologies Shaping the Future of the Enterprise, revealing the current state of decision-making across global enterprises. While confidence and accuracy were cited as playing an exceptionally important role in decision-making, the new study highlighted multiple practices stalling the accurate and timely decision intelligence required to thrive.
Challenging economic times force business leaders to deliver the right answers at unimaginable speeds, but the current pace of decision-making is holding businesses back. This is making it difficult for businesses to make crucial decisions with the speed and confidence required.
Sharing data has clear benefits for making intelligent decisions at scale, but with leaders hesitant to make it available, time-to-insight and the ability to react and adapt have stalled.
Optimized decision-making requires real-time insights: The future of decision-making is automation, but machines will not be making decisions alone.
"It's essential for decision-makers to deliver insights quickly and confidently. Isolated pockets of data and analytics access are currently hindering many organizations’ ability to gain clarity in a landscape of uncertainty. At Alteryx, we’ve long believed that data and analytically optimized decision-making deliver better, faster, more efficient, and more confident intelligence all unlocking the potential to capitalize on insights needed to design better experiences," said Alan Jacobson, Chief Data & Analytics Officer at Alteryx.
Considering the benefits, it's clear that data cultures need to change. Robust internal governance policies would help organizations feel more comfortable about cracking open the gates, giving more of their employee's access to data, and enjoying the resulting benefits of advanced analytics across the enterprise.
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