IBM Study: Analytics: The upside of disruption. Reinventing business processes, organizations and industries in the wake of the digital revolution

IBM has published their seventh annual IBM Institute for Business Value analytics global study, where they find that a majority of organizations are embracing these marketplace disruptions as opportunities, and intensifying their adoption of big data and analytics technologies. According to the study:

 

* In 2015, 71 percent of surveyed organizations use advanced analytics across at least three departments, up from just 10 percent in 2014.
* Big data and analytics are now necessary to stay on par with competitors or required to outpace them, according to 95 percent of respondents. 
* Two-thirds of respondents report that big data projects either met or exceeded expectations.
* A majority of organizations report recouping their analytics investments within 7 to 18 months of implementation. 

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