"One of the biggest challenges facing companies trying to move to the next level of business intelligence is management bandwidth. The ability to develop models requires relatively senior-level management insight, perspective, and collaboration to discuss the specifics of what they are looking at. Management is overburdened now, so finding the management bandwidth to dedicate to a project like this is difficult.
The second major challenge is the expertise to understand how the different components of data inter-relate. It's an expertise in which a lot of companies don't have much depth.
The bandwidth issue is truly a matter of prioritization. Companies that are moving forward in predictive analytics and business intelligence are recognizing [those tools] can provide them with competitive differentiation and they are prioritizing their efforts and allocating resources to focus on a particular area.
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