The-Virtuous-Circle-of-Data

A report from The Economist Intelligence Unit
THE VIRTUOUS CIRCLE OF DATA
Engagingemployeesin
dataandtransforming
yourbusiness
Sponsored by

© The Economist Intelligence Unit Limited 20141
The virtuous circle of data
Preface 2
Executive summary 3
Data-centricity: the key to future competitive advantage and success 5
Building a data-driven business: a three-stage journey 6
Engaging and empowering employees to create a data-centric culture 8
Looking forward 11
Appendix: Survey results 12
Contents
1
2
3
4
5

About this
report
Many companies have invested significantly in
gathering vast amounts of data, yet they still
struggle to extract insights, put them to work for
the business and create truly data-driven
organisations. The virtuous circle of data explores
how organisations can spark a chain of events
through top-down leadership and bottom-up
employee engagement that creates a culture with
data at the centre of decision-making.
As the basis of this research, The Economist
Intelligence Unit conducted a global survey of 362
executives in September and October 2014,
sponsored by Teradata. The findings and views
expressed in this report do not necessarily reflect
the views of the sponsor. The author was Peter
Moustakerski. Riva Richmond edited the report,
and Mike Kenny was responsible for the layout. We
would like to thank all of the people who
participated, whether on record or anonymously,
for their valuable insights.
Contributors
Gabie Boko, North America executive vice-
president and chief marketing officer at Sage
Brad Fisher, partner and leader of KPMG’s US data
and analytics team
Russell Glass, head of marketing products at
LinkedIn
Rod Morris, former senior vice-president of
marketing and operations at Opower
Charles Thomas, chief data officer at Wells Fargo
Marshall Toplansky, managing director of KPMG’s
Data & Analytics Centre of Excellence
David Trimm, chief information officer at Hertz
Florian Zettelmeyer, professor of marketing and
director of the programme on data analytics at
Northwestern University’s Kellogg School of
Management
The survey drew on 362 responses from executives
around the world, 170 from North America, 94
from Asia-Pacific, 82 from Western Europe and 16
from Eastern Europe. Respondents represent a
range of industries, with the largest number from
healthcare, pharmaceuticals and biotechnology
(12%), manufacturing (12%) and IT and
technology (11%). Nearly half (44%) are in the
C-suite or on the board. Many are also from large
companies, with 27% hailing from firms with more
than $5bn in annual revenue and 17% with $1bn
to $5bn. Please see the appendix for full survey
demographics..
About the survey

During the last five years, companies have invested
significantly in gathering and analysing vast and
increasingly complex data. Yet many still struggle
to extract insights and put those insights to work
for their business.
Part of the trouble is the speed and scale of
information overload for executives today, and the
rapid pace at which they must make decisions. The
ability to rely on gut feel, which used to be their
greatest business asset, is now greatly diminished.
“Nobody’s personal experience and intuition are
enough,” said Florian Zettelmeyer, professor of
marketing and director of the data-analytics
programme at Northwestern University’s Kellogg
School of Management, during a November 2014
online panel discussion hosted by The Economist
Intelligence Unit and sponsored by Teradata. “The
big shift for us is whether we can move companies
towards actually making the distinction between
‘thinking’ and ‘knowing’ and training people to
speak up and challenge what we think of as
conventional wisdom and be very aggressive about
seeking out what actual evidence exists for
whatever positions we’re taking or whatever
decisions we’re making.”
But executives cannot harness that asset alone.
They are quickly finding that they must enlist the
entirety of their workforces—and that doing so is
fast becoming the central challenge for businesses
that aspire to be truly data-driven.
Much work is to be done. Only one-quarter
(25%) of executives agree that employees at their
companies are able to readily extract relevant
insights from data that are captured and made
available to them, according to a survey of 362
executives conducted in September and October
2014 by the EIU and also sponsored by Teradata.
Becoming a data-driven business generally
happens in three stages, according to the experts
interviewed for this report. As is often the case,
what should be done first—establish a strong
leadership focus on cultivating a data-centric
culture—almost invariably happens last. Initially,
organisations tend to focus primarily on
technology and tools. Then they look to acquire the
right talent and expertise. Real success, however,
rests on tackling the most critical and difficult-to-
execute stage: evolving the right corporate
culture—one in which employees embrace data and
apply them day-to-day. Companies that led the
data and analytics revolution are now focusing
their attention and resources on this third stage.
Cultural transformation depends on many
factors, but two stand out as absolutely key:
Top-down leadership. A strong vision and
momentum from the top of the organisation are
critical to transforming a business’s culture into
one that embraces data and facts as the primary
basis for business decision-making. “The tone at
the top is vital,” said David Trimm, chief
information officer of Hertz, a US car-rental
Executive summary
1
We must shift
companies
towards “making
the distinction
between
‘thinking’ and
‘knowing’ and
training people to
speak up and
challenge what we
think of as
conventional
wisdom.”
Florian Zettelmeyer,
professor of marketing and
director of the programme on
data analytics at
Northwestern University’s
Kellogg School of
Management

company, during the webcast. Indeed, data
initiatives are most commonly pushed from the top
down into the rest of the organisation; 53% of
respondents to the EIU survey say that is the case
at their company.
“There is no substitute for a corporate leader
who has found religion in data and analytics,” says
Russell Glass, head of marketing products at
LinkedIn and a serial entrepreneur who co-founded
Bizo, a marketing platform recently acquired by
LinkedIn. He says that it is critical that C-level
leadership be open to being wrong and committed
to discovering the truth through data and facts if
they are to create a data-driven business and lead it
to outperform the competition.
Bottom-up engagement. An even greater
challenge—and one vital to overcome—arises in
motivating and engaging employees across all
levels of the organisation to use data.
“A really excellent outreach, training and
follow-up programme is imperative,” Mr Trimm
said. “You’ve got to be out there continually
reinforcing and reminding and retraining. ... Tone
at the top, followed up with really excellent
execution, those are probably the key factors in
success.”
The best-performing and most data-centric
companies understand the criticality of employee
engagement. To drive more of it, they are making
data universally available and easy to use; they are
also linking data to day-to-day business goals and
tasks. In addition, they are investing in employees
by putting in place training and advancement
programmes focused on data analytics, creating
compensation incentives and competitive
motivators, and even making data analytics fun
and social.
❛❛
There is no
substitute for a
corporate leader
who has found
religion in data
and analytics.
❜❜
Russell Glass,
head of marketing products at
LinkedIn

As harnessing data becomes a requirement for
survival, necessity will drive companies to reinvent
their cultures to embrace data.
“The disparity between data forerunners and
laggards will completely change the way businesses
think and execute,” says Mr Glass of LinkedIn, “and
will open a wide performance chasm between the
two.”
The EIU survey reveals a strong relationship
between data-centricity and superior performance.
Companies in which managers and employees
“always” rely on data to substantiate business
decisions are much more likely to say they outperform
their competitors (68% vs 40% of respondents from
companies that are not data-driven, or only
“sometimes” or “rarely” base decisions on data). They
are also more likely to say their cultures are creative
and innovative (78% vs 37%).
The greater availability and utilisation of data at
these companies result in better knowledge-
sharing (70% vs 41%), superior risk management
(67% vs 43%) and a more collaborative
organisation (59% vs 33%). Data-driven
companies also report increased quality and speed
of execution (55% vs 24%), faster decision-making
(55% vs 28%) and higher employee satisfaction
(44% vs 21%).
“For us, data is a key strategic asset,” says Rod
Morris, former senior vice-president of marketing
and operations at Opower, a cloud-based software
provider to the utility industry. “We use it for
everything—to drive better performance and
superior customer service, to optimise operations
and processes, to motivate and retain talent.”
Data-centricity: the key to future
competitive advantage and success2
Organisations that rely on data to substantiate business decisions display superior performance
(% respondents)
Outperform competition
Organisational culture is creative and innovative
Information and knowledge are shared more quickly and more freely
Collaboration across business units and departments has increased
Employee engagement, satisfaction and retention have improved
Quality and speed of execution have improved
Decisons at all levels of our organisation are made faster
Better able to control internal risks and operate more efficiently
0 10 20 30 40 50 60 70 80
Always rely on data Often rely on data Sometimes or rarely rely on data
Source: Economist Intelligence Unit survey, October 2014.

The journey to building a data-driven business
involves building a spectrum of new corporate
capabilities aimed at capturing and organising vast
amounts of data, making sense of the data, linking
them to the business objectives and rallying the
entire company to embrace and execute the data
strategy developed by top leadership.
This journey, which all companies go through,
tends to progress in three distinct stages: a focus
on technology and tools, then talent and expertise,
followed by culture and leadership. In an ideal
world, these stages would happen in the opposite
order—starting with leadership and culture and
ending with the right tools and technology—but
the reality is typically different. The most
successful companies push through each stage
decisively and focus on cultivating a data-centric
culture early in the process.
Stage 1: Technology and tools. Data are coming
into organisations from a wide range of sources—
whether customer transactions, sensor streams or
social-media content and interactions. So, initially,
corporate leaders zero in on putting in place the
right technology and tools to allow them to gather,
process, organise and visualise the right data in
the most useful and effective way. This area has
seen plenty of focus by technology providers,
industry thought leaders and corporate C-suites—
and many companies have now made significant
investments.
Stage 2: Talent and expertise. Once the
technological foundation is laid, corporate
leadership teams turn their attention to attracting
and enabling the right talent and expertise to
manipulate and understand their data. Technology
and tools alone cannot do the job. A common,
critical missing link is having the ability to think
about the data in new and scientific ways, to
connect data insights with the goals of the
business and evolving needs of the customers, and
to illustrate and communicate to the broader
organisation the meaning and impact data can,
and will, have on their day-to-day work and
performance. Making these links requires skilled
personnel.
Most firms are still working their way through
this stage, though it, too, has received much
attention and investment. A host of academic
programmes now focus on incubating the next
generation of corporate data scientists and
business analysts. Many companies have created
“chief data officers” to guide their approach.
Others have created centralised data and analytics
capabilities in units that work across company
functions.
Stage 3: Culture and leadership. Despite having
the technology and key talent in place, many
companies still struggle to extract business value
from their investments in data and analytics. These
firms face the most challenging stage of the
journey: creating and fostering a culture that
Building a data-driven business: a
three-stage journey3
❛❛
The biggest
problem facing
companies who
are trying to
innovate and
transform
themselves with
data is a culture of
‘we’ve always
done it this way’.
❜❜
Gabie Boko,
North America executive
vice-president and chief
marketing officer at Sage

embraces data and facts and applies them to
everyday business. This is an area that is now
attracting the attention of thought-leaders and
corporate executives—one that even the most
forward-thinking businesses are still struggling to
master.
Many intricate ingredients go into building a
culture in which data and facts form the foundation
of every business decision, while intuition and
experience play a secondary role. At the heart of
the recipe are two critical ingredients: top-down
leadership and bottom-up engagement.
There is no replacement for a CEO with a vision
and a personal mission to inspire and instil a
culture that looks for data-driven insights and
works on facts-based decision-making, as Mr Glass
of LinkedIn pointed out. It is an absolutely
necessary condition for building a data-driven
business. Our survey supports this concept very
clearly: Companies that outperform the
competition are much more likely to have leaders
who spearhead data initiatives and lead by example
(58% of them agreed vs 49% of average and
sub-par performers), and they are less likely to be
challenged by a lack of leadership commitment to
the data strategy (23% vs 41%).
But strong visionary leadership at and from the
top is not sufficient to create a data-centric
culture. The trickier and perhaps more critical
element is engaging and motivating employees
across the organisation to embrace the spirit,
thinking and practices of a truly data-driven
business—and to do so in a consistent, unwavering
manner day in and day out.
That is difficult—no one has yet solved this
puzzle completely. “Old habits die hard,” says
Gabie Boko, North America executive vice-
president and chief marketing officer of Sage, a
software provider to small and midsize businesses.
“The biggest problem facing companies who are
trying to innovate and transform themselves with
data is a culture of ‘we’ve always done it this way’.”
But how, exactly, do companies create strong
bottom-up buy-in, enthusiasm and engagement
among rank-and-file employees and develop a
data-centric culture?
Organisations that outperform competitors are more likely to have strong leadership
(% respondents)
Top management leads by example,
utilising data and promoting their
visibility, importance and usefulness
The lack of leadership commitment to
a data-driven strategy stands in the
way of greater data adoption
Outperformers Average and sub-par performers
0 10 20 30 40 50 60

Engaging and empowering employees
to create a data-centric culture4
A number of lessons can be gleaned from
examining tactics, obvious and not, that the most
data-driven companies use to persuade their
employees to embrace the power of data. They
include:
Make data available—and visual. Survey
respondents from data-driven companies are much
more likely to agree that all their employees have
access to the data they need (41% vs 9% of the rest
of respondents), that all employees have access to
user-friendly tools to conduct relevant data
analyses (26% vs 5%, and that customisable data
feeds and dashboards are available to all
employees who need them (29% vs 7%). As a
result, data-driven businesses are much better at
conquering the ultimate challenge: extracting
relevant insights from data and applying them to
their daily business (36% vs 11%).
Leaders in the data cultural revolution not only
make data easily accessible, they also make sure
that data are presented to employees in simple,
relevant and impactful formats, in particular via
data visualisations. “You have to make the data
visual, make it shocking, so that it forces people to
ask the right questions,” says Ms Boko of Sage. The
ability to view data in stark visual terms strongly
improves employee engagement with and adoption
of data tools and initiatives.
Link the data to the goals of the business—and
of individuals. Even when employees look at data
and think “wow, that’s interesting”, it can be a leap
for them to think: “I can use that.”
Indeed, starting with data and then trying to
figure out how to use them is a daunting way to
tackle the issue. “There’s a big challenge in moving
analytics from tactics to strategy. How do we
integrate this with a larger strategic vision of the
company?” Mr Zettelmeyer said during the EIU
Data-driven organisations are more likely to democratise data access and use
(% respondents)
All employees have access to the data they need
All employees have access to the data they need and to
user-friendly tools to conduct relevant data analyses
Customisable data feeds and dashboards are
available to all employees who need them
Employees are able to readily extract relevant insights
from data and apply them to their daily business
0 5 10 15 20 25 30 35 40 45
❛❛
You have to make
the data visual,
make it shocking,
so that it forces
people to ask the
right questions.
❜❜
Gabie Boko,
North America executive
vice-president and chief
marketing officer at Sage

webcast. “Good companies start with business
problems” and then figure out what data they need
to collect to solve those problems.
Moving from novel to relevant is critical to
engaging employees and realising long-term
benefits from data. Getting there requires showing
people how data help the company—and help
them, individually, to be successful. At Opower,
employees set individual goals based on the
quantitative metrics that the company already
measures centrally in a transparent and
independent way.
”Every employee posts their own business
objectives [in individual dashboards] on a
corporate wiki,” Mr Morris says, “progress against
these goals is transparently tracked, and individual
performance is measured by these metrics.”
Data-driven businesses ensure that employees
apply the most relevant data to business activities
that most affect the bottom line. Data that reveal
insights about customer needs are universally
recognised as important, even by companies that
are still far from being data-centric. Data-driven
companies go beyond the obvious and access other
important data pools, such as external and internal
transaction data and external feeds and databases,
and use them to identify new markets and growth
opportunities and optimise business processes.
“The ability to serve information on new
platforms, such as iPads, to provide context, to
present decision-making options and, most
importantly, to track day-to-day the performance
of your decisions is key to giving data real meaning
and driving engagement and adoption,” says Brad
Fisher, a partner at KPMG and leader of the
advisory firm’s US data and analytics team.
Train and retrain employees. The data revolution
is accelerating the development of data science as
a corporate discipline. New ways of thinking about
and organising data are emerging quickly, as are
new methods of analysing and visualising insights
and new approaches to extracting meaning and
applying it to business goals.
Because employees’ data skills and knowledge
become outdated quickly, the best-performing and
most data-centric companies focus keenly on
training—and retraining—their employees to keep
up with changes in both technology and best
practice in leveraging data for business results.
“How many astronauts did we have in the US
before 1957? None. We had to retrain Air Force test
pilots for a new mission,” says Charles Thomas,
chief data officer at Wells Fargo, a large US bank.
Corporations today face a similar challenge, he
argues. They must turn legacy analysts into data
scientists who also speak the language of business.
The EIU survey confirms the importance of
employee training and support; respondents rank
it as the second-most-effective tactic for driving
employee engagement and adoption of data
analytics (48%), after the CEO and the C-suite
leading by example.
Unsurprisingly, data-driven companies are
ahead of their more gut-driven peers in offering
employee training and implementation support as
part of data initiatives (67% vs 52%). As a result,
inadequate employee skills and training are less of
an issue at data-driven businesses (32% of them
see that as a top-three challenge vs 38% at less
data-reliant companies). The ability to be retrained
and to advance as a data culture-carrier within the
organisation is a strong motivator for employees to
Data-driven organisations are ahead in training their employees
(% respondents)
Employees are offered training
and implementation support
Inadequate employee skills and training is a main obstacle
that stands in the way of greater data adoption
0 10 20 30 40 50 60 70
❛❛
How many
astronauts did we
have in the US
before 1957?
None. We had to
retrain Air Force
test pilots for a
new mission.
❜❜
Charles Thomas,
chief data officer at Wells
Fargo

be more engaged in executing the corporate data
strategy.
Link data to incentives and advancement.
Training and education are important enablers and
motivators, but the most sophisticated players go
much further. According to our survey,
compensation and performance incentives that
encourage employees to utilise data are the
third-most-effective tactic for winning employees
over (43%). Yet offering incentives, whether direct
compensation or other indirect benefits, is still a
fairly novel notion in the corporate world.
The forerunners of data-centricity are leading
the way in this area, too: 25% of executives at
data-driven companies say their firms offer
compensation and performance incentives to
employees who embrace data, as compared with
17% of respondents from less data-focused
companies.
At Sage, Ms Boko has implemented dashboards
for each of her team members that follow the same
format as her own. They have weekly discussions
centred on the key data metrics. “They provide both
a stick and a carrot,” she says, “they can show the
value of their efforts, and employees can see what
they are doing well and where they lag behind.”
Both success and failure are difficult to dispute
when they are determined by clear, objective and
mutually agreed-upon performance metrics—which
makes systematised employee incentives a
powerful driver for lasting culture change and
ongoing engagement. They are not driven top-
down but, instead, create a bottom-up self-
motivation among employees, thus generating a
much more powerful and lasting effect than
one-time initiatives and management directives.
Make data use competitive—and fun. This sounds
almost counterintuitive to more traditional
management thinking, but the final touch, the
“cherry on top” for fostering an enduring culture of
data-centricity, is to link data with the basic
instincts and needs all employees share to compete,
to shine and to feel happy and fulfilled at work.
“Our sales teams compete with each other on
their metrics, and the winners receive a trophy and
an extra day of vacation,” says Mr Morris of
Opower. “This kind engagement drives employee
happiness, which we track in a regular survey.”
Marshall Toplansky, managing director of
KPMG’s Data & Analytics Centre of Excellence, says
his firm has experimented successfully with
harnessing social media and gamification to
improve employee engagement. “There is a
demographic shift—a younger generation of
employees who are comfortable with social sharing
and identifies with gamification,” he says. So the
firm created an internal knowledge-sharing
platform where employees can earn “badges” for
their knowledge and proactive participation and
can be ranked by the ratings of their peers. Tapping
into these natural human impulses has proven a
powerful, organic way to drive employee
engagement.
Systematised
employee
incentives are a
powerful driver for
lasting culture
change with a
powerful and
lasting effect.

The importance of data as a corporate asset cannot
be overstated. Companies are increasingly closing
the technology and expertise gaps, and many of
them are deeply engrossed in the third stage—the
cultural stage—of transforming themselves into
truly data-driven businesses.
But what does the future of this evolution hold?
What is the next frontier that companies will have
to conquer to stay ahead of the pack once they
have created sustainable data-centric cultures?
In all likelihood, the fourth stage of the data
centricity evolution cycle that companies will face
is learning to be creative and innovative with
data—to not only consistently use the tools that
they have built and apply methods that they have
learned, but to invent and create new ones all the
time and to drive change without the need for
top-down initiatives.
This stage can only be reached if employee
engagement has become truly bottom-up and,
therefore, has taken on its own independent life
that continues even when the leadership is not
looking.
“The key to future success is to build an
organisation that can innovate with data,” says Mr
Morris of Opower, “to disperse the data,
democratise the tools and unleash the creativity of
individual employees.”
Looking forward
5
❛❛
The key to future
success is to build
an organisation
that can innovate
with data.
❜❜
Rod Morris, former senior
vice-president of marketing
and operations at Opower

Appendix:
Survey
results
Percentages may not
add to 100% owing to
rounding or the ability
of respondents to
choose multiple
responses.
In the past 12 months, how has your company’s profitability compared to that of your competitors?
(% respondents)
Significantly outperformed the competition
Somewhat outperformed the competition
Performed on par with the competition
Somewhat underperformed the competition
Significantly underperformed the competition
12
44
33
10
2
How would you rate the level of creativity and innovation within your organisation?
(% respondents)
Highly creative and innovative
Somewhat creative and innovative
Average level of creativity and innovation
Not very creative or innovative
Not at all creative or innovative
16
42
34
7
1
To what extent do managers and employees at your organisation rely on data to make decisions
to manage and grow the business?
(% respondents)
Data are always utilised to substantiate business decisions
Data are often utilised to substantiate business decisions
Data are sometimes utilised to substantiate business decisions
Data are rarely utilised to substantiate business decisions
31
48
19
2

Agree Neither agree
nor disagree
Disagree Don’t know/
Not applicable
Access to relevant data is limited and strictly controlled
Access to data is cumbersome and not user-friendly
Some departments have much better access to data than others
Some important business data are not captured or disseminated
Relevant data are captured and made available in real time
All employees have access to the data they need
All employees have access to the data they need and a user-friendly way to conduct relevant data analyses
Customisable data feeds and dashboards are available to all employees who need them
Employees are able to readily extract relevant insights from data that are captured and made available to them
Do you agree or disagree with the following statements about availability of and access to data
throughout your organisation?
Please select one in each row.
(% respondents)
39 28 34
42 30 27 1
65 18 15 2
57 25 16 3
28 36 34 1
27 29 40 3
16 28 53 3
18 27 52 3
25 34 39 2
Which of the following data types are most readily available to the people in your organisation who need
to use them? Which of the following types of data, whether or not they are available within your organisation,
are, or could be, most relevant and useful to your business?
Please select the top three in each column.
(% respondents)
Daily business transactions data (eg, sales,
shipments, returns, online and offline behaviour)
Data from external feeds, databases and reports
(eg, market feeds, industry statistics)
Data on customer demographics,
behaviours and feedback
Data from internal transactions and processes
(eg, inventory, quality control, payments)
Data from vendors and external partners
(eg, orders, shipments, bank balances)
Data from websites, search engines,
social media and device readers
Most readily available Most relevant and useful
77
61
36
45
28
53
64
47
32
32
36
32

Business activities relying
most heavily on data
Business activities generating
the greatest positive impact on
profitability
In your organisation, which of the following business activities rely most heavily on data?
Applying data to which of the following business activities generates, or could generate, the greatest
positive impact on your profitability?
(% respondents)
Measure competitive standing and
performance relative to competitors
Measure business performance
relative to the past
Identify growth opportunities
and new market trends
Better understand customers’ needs,
opinions and satisfaction
Identify and test ideas for
new products and services
Justify strategic investments in
markets, offerings and capabilities
Manage and optimise business processes
Measure the effectiveness of decisions
and return on investments
Identify and manage business risks
Manage profitability, cash flows
and cost of capital
32
23
52
17
28
43
31
45
19
24
26
29
28
30
20
24
16
17
32
26
Agree Neither agree
nor disagree
Not applicable
Data initiatives are launched and driven by our corporate leadership
We have a centralised corporate data and analytics unit that is responsible for introducing and implementing all our data initiatives
Data initiatives are driven by employees and departments based on bottom-up demand
Interest in and development of data initiatives are usually driven by a major event (e.g., top-down internal initiative or an external market event)
Demand for and development of data initiatives occurs gradually over time, as employees become convinced of their usefulness
Do you agree or disagree with the following statements about the ways data initiatives are introduced
and implemented in your organisation?
(% respondents)
53 33 12 2
38 26 34 3
36 33 27 3
42 40 14 4
53 32 12 3

Agree Neither agree
nor disagree
Not applicable
Information and knowledge is shared more quickly and more freely
Decisions at all levels of our organisation are made faster
Decision-making has become less hierarchical and employees are more empowered to make decisions
Innovation has accelerated and become more widespread
Collaboration across business units and departments has increased
Employee engagement, satisfaction and retention have improved
Quality and speed of execution has improved
We are better able to respond to external market threats and opportunities
We are better able to control internal risks and operate more efficiently
How has your organisation changed due to the greater availability and utilisation of data?
Please select one in each row.
(% respondents)
63 24 13 1
42 38 18 1
34 30 33 3
35 40 23 2
48 32 17 2
31 42 24 4
45 36 17 2
45 39 14 2
57 33 9 2
In your organisation, which are the most widely practiced tactics aimed at encouraging employees
to apply data to their business activities? Which are the most effective tactics for encouraging employees
to apply data to their business activities?
(% respondents)
Employees are offered training and implementation
support as part of data initiatives
Compensation and performance incentives are put
in place to encourage employees to utilise data
A dedicated central unit is in place to educate
and assist employees in utilising data
Top management leads by example, utilising data and
promoting their visibility, importance and usefulness
Departments are provided technology budgets, separate from shared central
IT resources, and given the freedom to implement their own data initiatives
Employees are allowed and encouraged to leverage personal
devices to access data and technologies relevant to their business
Most widely practiced tactics Most effective tactics
58
48
24
43
45
37
54
58
35
36
42
39

In your organisation, what are the main obstacles that stand in the way of greater data adoption and utilisation?
Please select the top three.
(% respondents)
Lack of processes to integrate data insights into decision-making
Lack of access to necessary data
Inadequate employee skills and training
Existing technology is inadequate or outdated
Insufficient funding for data initiatives
Lack of leadership commitment to a data-driven strategy
Inability to show measurable benefits (eg, return on investment)
No major obstacles
Don’t know
38
34
34
32
31
31
23
14
2
$500m or less
$500m to $1bn
$1bn to $5bn
$5bn or more
What are your organisation’s global annual revenues
in US dollars?
(% respondents)
27
29
17
27
North America
Western Europe
Eastern Europe
Asia-Pacific
In which region are you personally located?
(Number of respondents)
170
82
16
94
General management
Finance
Strategy and business development
Marketing
IT
Operations and production
Sales
Risk/Security
Information and research
Customer service
Other
What is your main functional role?
(% respondents)
29
16
14
12
8
6
4
3
2
2
4

Healthcare, pharmaceuticals and biotechnology
Manufacturing
IT and technology
Financial services: banking
Professional services
Financial services: other
Retailing
Telecommunications
Financial services: insurance
Government/Public sector
Automotive
Construction and real estate
Consumer goods
Energy and natural resources
Transportation, travel and tourism
Aerospace/Defence
Chemicals
Education
Entertainment, media and publishing
Agriculture and agribusiness
Logistics and distribution
Utilities
What is your primary industry?
(% respondents)
12
12
11
10
6
5
5
5
4
4
3
3
3
3
3
2
2
2
2
1
1
1
CEO/president
CFO/Treasurer/comptroller
CIO/CTO/Technology director
Other C-level executive
Head of business unit
Managing Director/Executive Director
SVP/VP/Director
Which of the following best describes your title?
(% respondents)
15
10
7
12
10
15
31
Yes
No
Are you familiar with your company’s efforts to utilise data
for business decisions?
(% respondents)
100
0

Whilst every effort has been taken to verify the accuracy of this
information, neither The Economist Intelligence Unit Ltd. nor the
sponsor of this report can accept any responsibility or liability
for reliance by any person on this white paper or any of the
information, opinions or conclusions set out in the white paper.
Cover:Shutterstock

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