Reports of the death of spreadsheets have been greatly exaggerated. That reality is among the findings of a recent survey on the state of business analytics released by the consulting firm Deloitte. Even as enterprises hustle to deploy emerging AI technologies, the survey found a surprising number of companies polled said they still rely on spreadsheets to crunch numbers.
Despite the hype about AI improving business practices, the survey concludes that most companies are far from prepared when it comes to business analytics. While 76 percent of respondents said their “analytical maturity” has increased over the past year, 62 percent are still using traditional tools such as spreadsheets. Hence, the survey report notes a “significant divide” when it comes to analytics strategies, characterized by data “dabblers” and “doers.”
Author: George Leopold