According to Gartner, a majority of large organizations will compete using advanced analytics by 2018.

“Advanced analytics has already been changing entire industries for over a decade and is a key factor for how most new entrants disrupt established markets and beat their incumbents – whether selling books, renting movies, borrowing money or even building a professional sports team,” Jim Hare, research director at Gartner.

“Today, with fewer regulated monopolies and the Internet eliminating geographical boundaries, more companies are starting to use statistical analysis, predictive modeling and decision optimization to compete, instead of using traditional approaches.”

Embracing comprehensive analytics solutions empowers companies to identify keys to success and deliver actionable insights to business users. Armed with these insights, companies put data to work reducing costs, improving efficiency, and increasing profits.