May i please get a positive feedback about the comment below.

Money is often seen as a barrier to why companies have not started using data analytics software. So, what are the barriers keeping companies from utilizing the software that has proven to pay for itself in relatively short periods of time? The software has allowed companies to gain insights and create decisions based on big data analytics.

Companies that want to gain insight in forecasting successfully must effectively use data analytics software, and not focus on cost. The software can take data and create usable information that will drive sales and understand the movement of inventory and the buying powers of consumers. Companies cannot restrict their growth because they are unable to dismantle information when the software is available to process the data. New technology cannot be a barrier, because of lack of training because often in-house IT employees are capable of understanding new software/data systems that are already part of their staff.

The barriers of people, technology, and processes can limit a companys growth, and finding a way to bypass these obstacles should be a focus of company executives if they want to grow and expand their business. Leadership often become barriers when presented with new ideas and changes in the workforce. Technology can be a barrier when companies are hesitant in making changes, often relying on existing legacy systems that are outdated and not able to process data. Company leaders and executives must understand that the way data is often processed underutilized and can often be overlooked, especially if only partial information is being analyzed. Any of these barriers can create hesitation for company executives to invest in new data; if the adoption of the current data analytical systems was not producing an output that increased sales or the operation of a company, why would an executive want to invest in new software.

Company executives must understand that technology is continuously changing and that creating a system that can communicate with both suppliers and vendors is essential in the growth and development of its operations. Understanding the importance of having a competitive advantage and using the Buy, Make, Move and Sell lever; should remove the hesitations of using analytical data and drive companies to invest in their future with the new smarter software.