An IDC study, based on a comprehensive survey of 400-plus individuals performing data functions across North America and Europe, found that data professionals spend 60 per cent of their time getting to insight, but just 27 per cent of that time is spent on actual analysis.
Instead, 37 per cent of that “getting to insight” time is spent searching for data, and 36 per cent is spent just preparing the data in the first place. These methods of working result in data professionals wasting 30 per cent of their time.
That equates to an average of 14 hours per week due to not being able to find, protect or prepare data.
Furthermore, they waste another 20 per cent of their time - 10 hours per week - building information assets that already exist elsewhere in the organization.
This equates to a total of a 50 per cent loss in working time every week on unsuccessful activities or repeated efforts. Data professionals are spending more time governing, searching and preparing data than they are on extracting business value.