Decision Management Platforms Statistics 2023
– Everything You Need to Know

Last Updated on by | Reviewed by Editorial Staff

Decision Management Platforms Statistics 2023: Facts about Decision Management Platforms outlines the context of what’s happening in the tech world.

LLCBuddy editorial team did hours of research, collected all important statistics on Decision Management Platforms, and shared those on this page. Our editorial team proofread these to make the data as accurate as possible. We believe you don’t need to check any other resources on the web for the same. You should get everything here only 🙂

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Top Decision Management Platforms Statistics 2023

☰ Use “CTRL+F” to quickly find statistics. There are total 19 Decision Management Platforms Statistics on this page 🙂

Decision Management Platforms “Latest” Statistics

  • 60% of respondents said the finance department is important in data management and governance.[1]
  • 41% believe that IT departments manage and oversee data, while just 10% believe that the IT department is solely responsible for this.[1]
  • Business Intelligence Competency Centers (BICCs) are far more likely to be responsible in best-in-class firms (52%) than in average (40%) or laggards (28%).[1]
  • Although 79% of respondents have a defined, standard set of KPIs in their firm, only 36% use them consistently across the organization.[1]
  • 69% of respondents believe that increased engagement and cooperation would improve their company’s performance.[1]
  • Direct, human connections through in-person meetings (88%) and conference calls/web meetings (68%), are two of the top three ways to work.[1]
  • According to a PwC survey of over 1,000 senior executives, data-driven firms are three times more likely to claim major gains in decision-making than those that depend less on data.[2]
  • According to some surveys, more than half of Americans rely on their “gut” to determine what to believe, even when presented with evidence to the contrary.[2]
  • Google gathered data from more than 10,000 performance reviews and linked it to employee retention rates as part of one of its well-known people analytics programs, Project Oxygen.[2]
  • According to NewVantage Partners’ 2018 study of top executives, 73% of respondents indicated big data efforts had provided demonstrable benefits.[3]
  • According to IDC research, worldwide spending on big data will reach $215 billion in 2021, a 10% rise from the previous year.[4]
  • Brick-and-mortar banks are acknowledging that around 75% of their clients prefer their FinTech competitors because they provide speedier and easier-to-use goods and procedures.[4]
  • According to Statista, the productivity software industry, which comprises office and collaboration apps, is expected to reach roughly $62 billion in 2020, with revenue expected to grow at a CAGR of 6.8%, reaching $85 billion by 2025.[5]
  • 94% of IT executives feel manual SaaS management practices lead to bad SaaS investment decisions.[5]
  • Only 3% of IT leaders have comprehensive and real-time insight into their SaaS products, according to a Productiv study.[5]
  • According to a Statista assessment of worldwide LinkedIn audiences by gender, as of 2021, 56.6% were males and 43.4% were females.[5]
  • From 2019 to 2026, the worldwide ERP software market is expected to reach $78.40 billion, rising at a CAGR of 10.2%.[5]
  • A 2010 McKinsey research of over 1,000 big company investments found that when companies sought to reduce the influence of bias in their decision-making processes, they obtained up to 7% greater returns.[6]
  • According to Qlik’s most recent data literacy study, just 11% of those polled are completely confident in their ability to work with and communicate with data.[6]

Also Read

Reference

  1. bi-survey – https://bi-survey.com/data-driven-decision-making-business
  2. hbs – https://online.hbs.edu/blog/post/data-driven-decision-making
  3. ohio – https://onlinemasters.ohio.edu/blog/data-driven-decision-making/
  4. softjourn – https://softjourn.com/insights/data-driven-decision-making
  5. webinarcare – https://webinarcare.com/best-decision-management-platforms/decision-management-platforms-statistics/
  6. datapine – https://www.datapine.com/blog/data-driven-decision-making-in-businesses/

About Author & Editorial Staff

Steve Goldstein, founder of LLCBuddy, is a specialist in corporate formations, dedicated to guiding entrepreneurs and small business owners through the LLC process. LLCBuddy provides a wealth of streamlined resources such as guides, articles, and FAQs, making LLC establishment seamless. The diligent editorial staff makes sure content is accurate, up-to-date information on topics like state-specific requirements, registered agents, and compliance. Steve's enthusiasm for entrepreneurship makes LLCBuddy an essential and trustworthy resource for launching and running an LLC.

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