What’s Wrong with this Data?

To compete, managers at all levels are acutely aware that they must make smarter decisions and quickly take action. However, many lack the insight they need to make key decisions and are depending on hope that they have made the right ones. But as we know, hope is not a strategy. The statistics below were taken from a recent survey conducted by Accenture:

  • 42% of managers use wrong information at least once a week
  • 59% of managers miss information they should have used
  • 47% of users don’t have confidence in their information
It’s not that they lack the data, but rather they lack the means to derive meaningful information when it’s neededthe right information at the right time in the right place. All areas of business are affected. There is also a need to further analyze this information to uncover new opportunities to grow revenue and reduce costs. Solutions are available to provide this information both for the business process itself and from business intelligence (BI) solutions with vast reporting capabilities, but implementing these solutions alone is only part of the answer.  To quickly take action on opportunities, these solutions must provide real-time information at-a-glanceeasily and quickly.

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What’s Wrong with this Data?

To compete, managers at all levels are acutely aware that they must make smarter decisions and quickly take action. However, many lack the insight they need to make key decisions and are depending on hope that they have made the right ones. But as we know, hope is not a strategy. The statistics below were taken from a recent survey conducted by Accenture:

  • 42% of managers use wrong information at least once a week
  • 59% of managers miss information they should have used
  • 47% of users don’t have confidence in their information

It’s not that they lack the data, but rather they lack the means to derive meaningful information when it’s neededthe right information at the right time in the right place. All areas of business are affected. There is also a need to further analyze this information to uncover new opportunities to grow revenue and reduce costs. Solutions are available to provide this information both for the business process itself and from business intelligence (BI) solutions with vast reporting capabilities, but implementing these solutions alone is only part of the answer.  To quickly take action on opportunities, these solutions must provide real-time information at-a-glanceeasily and quickly.