How is the economic downturn impacting your data and analytics investments?

Data & AnalyticsStrategy & ArchitectureFinancial Management
2.9k views1 Upvote10 Comments
Senior Director Engineering in Travel and Hospitality, 10,001+ employees
Ideally should not as it plays a core component of strategy and decision making
VP IT (CIO role) in Healthcare and Biotech, 1,001 - 5,000 employees
technical debt is impacting data & analytics investments 10x more than any downturn could
Director of software engineering in Software, 201 - 500 employees
This is an area that we can't reduce too much spending on. The downturn has affected us, and this will reduce our growth in spending in this area mainly due to reduction of growth in general as well as the amount of data generated. But not because we chose to reduce spending in data and analytics to spend elsewhere. 
Chief Information Officer in Services (non-Government), 201 - 500 employees
If those components are already installed and in use, it hopefully would not be much of a reduction, because that would be Pennywise and pound foolish in most cases. 
CIO in Education, 501 - 1,000 employees
It is not impacting it all as others have said the lack of talent is a bigger and  somewhat constant problem 
CIO in Education, 201 - 500 employees
The economic downturn is not affecting our investment in these important areas (yet). We a have a strong commitment to becoming more data-informed so a future economic downturn will likely have an impact in other IT-related areas.
CIO in Energy and Utilities, 501 - 1,000 employees
Optimization in all business domains became imperative and this requires first digitalization and second advanced analysis of data. We foresee a data analysis initiative in conjunction with any business project, and this is raflected as further stress on BI teams also more investment requirement. Self-service BI, new KPI purely based on data are gaining importance.
Chief Operations and Technology Officer in Finance (non-banking), 51 - 200 employees
No, investment on data and analytics has not effected much. As data and analytics is core to the value we deliver to the customer.
CIO in Healthcare and Biotech, 501 - 1,000 employees
The data and analytics provides the decision making support needed for our organisation to deal with any economic downturn. It provides the information to measure and improve productivity.
CTO in Software, 11 - 50 employees
TL;DR - it isn't, and for 99.99% of companies, it absolutely shouldn't as then you would be operating blindly

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