Research: Information management crucial to business success
Business enterprise could save millions of pounds every year by fully exploiting the data and their disposal to make informed business decisions, new research has indicated.
According to IT services provider Capgemini, nearly two-thirds of chief information officers believe that information is not being managed as
well as it could be and that better use of the raw data could improve productivity by an average of 29 per cent.
Across the UK, this would equate to savings of £46 billion across the private sector every year, information exploitation encouraging not only financial gains but also cutting operational costs.
Confirming the fact that many enterprises are left wanting when it comes to business intelligence, 63 per cent of respondents said that they had made crucial decisions without access to required
information and 28 per cent said that this was a regular, everyday occurrence.
The study indicated that the root of the problem for many organisations is that information is not being shared effectively between different organisational departments and also that companies often find
themselves left with multiple versions of the data.
According to industry analyst CMS Watch, several large vendors have released enterprise search applications recently, while research
company Gartner reports that vendors are increasingly hosting other business intelligence applications such as dashboards and predictive
modelling as software-as-a-service.
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