Deloitte study finds analytics essential for IT success

Big Four firm Deloitte has released its latest study identifying trends currently having an important impact on companies across various industries.

The multinational systems designer, integrator and consultant has issued its third Analytics Trends report, which was released on 13th January. The study picks out items of importance for business operation in the accountancy and financial sectors and beyond.

Security

As IT systems become even more integrated in the day-to-day running of businesses across the spectrum, cyber-security is a major issue. The report found that more companies are going on the offensive and employing predictive approaches in the way that they deal with monitoring threats and assessing risk intelligence data.

Changing business priorities are also highlighted in the report as it notes that effective use of analytics is a vital component in achieving new levels of innovation and value.

Security breach dangers

The trend for cybersecurity was already a major influence on business activities last year, but it continues to grow in importance as high profile cases of losses in both value and reputation continue to hit the headlines on a regular basis.

A security breach can not only lead to a loss of data, but also product design and other intellectual properties are vulnerable to theft or sabotage.

With increasingly complex technology architectures being used by every type of business, especially in the financial sector, systems are being targeted by hackers who realise that security can often be easily compromised.