CEOs Unaware of Company Data Frustrations
57% of global execs surveyed believe their company does a poor job of capturing and disseminating important business data.
42% of those surveyed said access to data is cumbersome while not being user-friendly, and 39% said access is limited and strictly controlled.
Two-thirds said some departments have better access to data than others.
Only 38% of those surveyed said their organization has a centralized unit that is responsible for introducing and implementing all data/analytics initiatives.
47% of CEOs believe that employees have access to the data they need, but only 27% of all survey respondents agree.
43% of CEOs believe that relevant data is captured and made available in real time within their organizations, but just 29% of all respondents say this is true.
38% of CEOs said their employees extract relevant insights from data, but only 24% of all respondents agree.
68% of companies that “always” rely on data to substantiate business decisions are more likely to outperform their competitors, compared to 40% of organizations that don’t do this.
Employees share knowledge more quickly and freely: 63%, Internal risks are better controlled, with greater efficiency within operations: 57%, Business units and departments increase collaboration: 48%
Lack of processes to integrate data insights into decision-making: 38%, Lack of access to needed data: 34%, Inadequate employee skills/training: 34%, Inadequate or outdated tech: 32%, Insufficient funding: 31%