Exasol surveyed 2500 data decision-makers globally to understand their challenges in decision-making amid the pandemic.
While 84% of organisations are forced to make faster decisions due to the crisis, 58% of decision-makers lack access to real-time insights and are making decisions based on outdated data. Despite decision-makers agreeing regular updates are necessary for informed decision-making, the long query run times have made this difficult.
Around 60% of businesses are struggling with essential decisions amid the pandemic as they think their decision-making infrastructure is “not responsive enough.” Companies also believe that to recover from economic challenges; data infrastructure must improve.
The study found organisations that have increased the size of decision-making teams have observed an increase in decision-making speed. Exasol’s CTO Mathias Golombek said data-democratisation and self-service analytics could help reduce query response time.
[4 minute read]