09 April 2009

40 per cent of execs trust gut….

I found this article today on CIO.COM.

So for a quick quote from the article (italics are mine)…

‘Of those respondents who said their companies still make decisions based on judgment rather than business analytics, 61 percent said it was because good data was not available, and just over half (55 percent) said their decisions relied on qualitative and subjective factors. Other reasons related to workforce challenges: 23 percent of respondents said "insufficient quantitative skills in employees" were a main impediment at their company, and 36 percent said their company "faces a shortage of analytical talent."’

Good data was not available… ouch

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