Page 73 - CMA Journal (July-August 2025)

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70% organizations rely on data-driven insights at least monthly

How frequently are data-driven insights used in
your organization’s decision-making?
A significant 70% of respondents continually use
data-driven insights, with 25% using them daily, 13% 6%
Rarely /
weekly, and 32% monthly. An additional 24% use Infrequently 25%
Daily
them occasionally, while only 6% rely on them rarely
or infrequently. 24%
Occasionally
IMF
13%
Weekly
32%
Monthly
63% of teams face skill gaps, presenting opportunities for growth

Does your team have the necessary skills and
training to use data analytics effectively?
63% of survey respondents reported that their
–
Ye
Yes – Fully skilkilleed 21%
a and traineded d d d teams lack some of the skills needed for analytics.
ained
ed
n
Meanwhile, 21% said their teams are fully skilled,
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ƐŬŝůůƐ ŐĂƉƐ 12% reported major gaps, and 4% were unsure. This
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No – Majoor 12% highlights a clear opportunity for organizations to
skills gapp
strengthen workforce capabilities in analytics while
Not applicable 4%
/ Not sure acknowledging that a significant portion of teams
already possess essential skills.
60% see faster decisions and cost savings as the main benefit of analytics
What are the main benefits your organization
has gained from data analytics?
60% of respondents said the biggest Ğƌ͕ ďĞƩĞƌ
benefit of data analytics is faster decisionon-makingakingg 42%
aking
aking
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decision-making (42%) and saving
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time and costs (18%). Other benefits Improveevedd riskk 13%
emen
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e
ag
ag
man
included better risk management mannagement
(13%), compliance (12%), and ĞƩĞƌ ĨƌĂƵĚ
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understanding customers (8%). A ĚĞ ƚ ĞĐƟŽŶ 3%
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small number noted fraud detection
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(3%) or minimal benefits (3%). Deeper customer r 8%
ht
insights
sig
Regulatory 12%
compliance
Time and cost
savings
g
sa vings 18%
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Mini
a
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Minimal 3%
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ICMA’s Chartered Management Accountant, Jul-Aug 2025 71