Business intelligence capabilities and analytic prowess will play crucial roles in the most competitive sectors of the global economy, according to a new study by the director of research for Babson Executive Education (BEE) at Babson College in Wellesley, Mass. But an organization's efforts to develop fact-based decision-making capabilities are likely to fail unless they are closely supported by top management, the survey showed.
"We have reached a critical juncture in the history of global competition," said Professor Tom Davenport, president's distinguished professor in the Information Technology Management Division of Babson. "After years of fitful progress, leading firms have begun basing their competitive strategies on the sophisticated analysis of business data."
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