Intelligent CIO Middle East Issue 51 | Page 25

//////////////////////////////////////////////////////////////////////////////////// TRENDING IBM STUDY REVEALS IMPORTANCE OF TRUST IN AN ORGANISATION There is no doubt analytics are changing the way companies do business but are enterprises making the most of the information at their disposal? A new survey from SAS says 72% of organisations recognise the benefits of analytics but only 39% use them to inform strategy. I BM’s 20th edition of its bi-annual C-Suite Study, Build Your Trust Advantage, polled nearly 900 C-level executives across the Middle East and Africa (MEA) to examine how companies in the region are achieving market leadership by emphasising trust in their use and sharing of data. The study, conducted by IBM Institute for Business Value (IBV) in co-operation www.intelligentcio.com with Oxford Economics, found that market leadership is most frequently attained when an organisation establishes a high level of trust in the data from its customers, its own business processes and across its partner ecosystem. Through the quantitative and qualitative surveys issued, it became clear there was a set of leaders – dubbed ‘Torchbearers’ – that stood out as understanding that “ TODAY, DATA IS CONSIDERED ONE OF THE MOST IMPORTANT ASSETS THAT ANY ORGANISATION POSSESSES. INTELLIGENTCIO 25