Eka Proprietary Research Finds 84 Percent of Companies Use Manual Processes to Collect and Enter Data for Reporting and Analysis
Poll of 130 executives demonstrates need for automated data collection, integration, and analysis.
Eka Software Solutions, the leading global provider of Smart Commodity Management software solutions, today released the results of a new survey that found that 84 percent of companies still rely on manual data collection and integration for reporting and analysis.
Eka surveyed 130 executives from agriculture, chemical, energy, metals, and consumer products companies and asked if collecting and blending data from multiple sources for reporting and analysis was an issue for their teams. 84 percent of respondents reported spending a significant amount of time manually collecting and entering data, even when systems are partially automated.
“We’ve seen unprecedented adoption of Eka Analytics as companies increasingly recognize the need for advanced analytics to turn real-time data into actionable insight,” said Michael Schwartz, CMO of Eka Software. “The amount of information available is growing exponentially, but data loses its value if it takes days or weeks to collect and analyze it. By the time you have analyzed the data, the situation has changed and opportunities are lost. Smart businesses are investing in automated data collection and integration with self-service analytics today to gain insight fast, enabling them to get a jump on their competitors. Companies that continue to rely on manual processes will get left behind their smarter, more agile competition.”
Eka Analytics automatically aggregates and analyzes data from internal sources – CTRM, ETRM, ERP, CRM, treasury, IoT sensors, and spreadsheets – as well as external sources including weather data and market feeds. With Eka Analytics, companies gain answers to their most important questions in minutes, not days or weeks later, so they can make better decisions faster.
About Eka Software Solutions
Eka is the global leader in providing Smart Commodity Management software solutions. Eka’s analytics-driven, end-to-end Commodity Management platform enables companies to efficiently and profitably meet the challenges of complex and volatile markets.
The company’s best-of-breed solutions manage commodity trading, enterprise risk, compliance, procurement, supply chain, operations, logistics, bulk handling, processing, and decision support. Eka partners with customers to accelerate growth, increase profitability, improve operational control, and manage risks and exposures.
Eka is a team of 315 staff with offices in the Americas, Asia, Australia, and EMEA, serving a rapidly growing global client base across multiple commodity segments.