How many businesses are analyzing themselves?
Business analysis is key to find out data of business work and get results of causes or profit as well as achievements during the years of journey.
Nowadays in a world of Business people can make business analysis to improve their business.
As per the survey of 2014, these are statistics from one of reputed magazine and website informationweek.com:
- 28% of the 297 responds are responsible for analytics’ software selection, as they said their business needs analysis or any kind of analytical tool due to 35% fall down of actual data as per 2014 report and that means day by day people make the status of business good but they are not making Business Analysis or any kind of tool for analysis.
- 48% of Analytics, Decision-makers, and Business Men say “Due to poor quality information of Business Data, less use of software, less technical cognition of Business, or not aware of any analysis tool, create an obstacle to making a business successful. Only 19% of the people are using online software or analysis tools as per the 2014 survey”.
In short, as per the research of these two approaches, addressing the use of analysis tool or software mostly, people are not using the tool but very few people can use analysis tool or have knowledge about these tools and even company executives didn’t use these kinds of tools yet.
Now, if businesses really want to expand then they must gather analysis software because once businesses move on towards implementing this tool you got every term of business data that makes your business successful or may escape business loss.