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Two thirds of large Business companies believe they need to improve their analytical capabilities and only half believe they are spending enough on business analytics, according to findings of an Accenture survey released today. The survey of more than 250 executives is the basis of a report Competing Through Business Analytics which studied companies use of and investment in analytics to remain competitive.

While more than half 68 percent of companies surveyed said they don’t have a beneficial, consistently updated enterprise wide analytical capability nearly three quarters 72 percent said they are working to increase their company’s business analytics usage.

These findings show that business analytics prowess will be a high priority in the boardroom in 2008 and beyond said Royce Bell chief executive officer of Accenture Information Management Services.

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