New Study Shows Qlik Cloud Analytics Delivers 209% Return on Investment

Qlik Cloud Analytics Delivers Impressive ROI for Enterprises, Study Finds

In a recent study conducted by Forrester Consulting on behalf of Qlik, the results revealed the significant return on investment (ROI) that organizations can achieve by implementing Qlik Cloud Analytics. With enterprises facing challenges in leveraging the vast amount of data they collect, many are turning to cloud-based solutions to streamline processes and make better decisions.

The study found that organizations using Qlik Cloud Analytics experienced increased revenues totaling a risk-adjusted $620,000 over three years, thanks to improved decision-making capabilities. By accessing once-siloed data in a centralized location, enterprises were able to process and act on data quickly, eliminating manual analysis tasks and saving valuable time.

Furthermore, the study highlighted the time savings achieved by organizations using Qlik Cloud Analytics, with a 35% reduction in data analysis time and a 50% reduction in data preparation tasks. These time savings translated to a total value of $2.5 million and $2.1 million in savings over three years, respectively.

Brendan Grady, Qlik’s General Manager of Analytics, emphasized the role of Qlik’s unique technology, including deep AI integration, in helping organizations keep up with the growing volume of data. By offering a broad set of analytics capabilities, from descriptive to prescriptive, Qlik Cloud Analytics enables customers to address complex use cases and achieve a lower total cost of ownership (TCO) with considerable ROI.

Overall, the study underscores the benefits of Qlik Cloud Analytics in enabling organizations to unlock the full potential of their data, make informed decisions, and drive business growth.