"Some things don't change, even during a pandemic. Consistent with previous years, in CIO's 2021 State of the CIO survey, a plurality of the 1,062 IT leaders surveyed chose 'data/business analytics' as the No.1 tech initiative expected to drive IT investment."
"Unfortunately, analytics initiatives seldom do nearly as well when it comes to stakeholder satisfaction. Last year, CIO contributor Mary K. Pratt offered an excellent analysis of why data analytics initiatives still fail, including poor-quality or siloed data, vague rather than targeted business objectives."
"These initiatives tend to resemble dev projects - even when commercial products are involved - and feature the same well-defined goals and iterative cycles that distinguish successful software development outcomes."
"Violino expands on that last point in a second article, this one for CIO: 'Analytics in the cloud: Key challenges and how to overcome them.' As he observes, the cloud's scalability and abundant analytics tools may be irresistible, but migrating masses of company data to the cloud and securing it can be a heart-pounding adventure."
The CIO's 2021 State of the CIO survey reveals that data/business analytics is the leading tech initiative for IT investment. Despite this, many analytics projects struggle with stakeholder satisfaction, often failing due to issues like poor data quality and unclear business objectives. However, new approaches, including establishing analytics centers of excellence and utilizing self-service tools, are being introduced to enhance outcomes. Notably, the shift towards cloud analytics presents opportunities and challenges, particularly regarding data migration and security concerns.
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