Failure to exploit data loses UK economy £67bn a year
Ramesh Harji, Head of Information Exploitation, Capgemini UK discusses the annual costs associated with frustrated decision making across UK businesses and public sector organisations.
5 March 2008
Publication
The Information Opportunity Report 2008 used in-depth interviews with senior leaders from the FTSE350 and UK public
sector organisations, to find a broken information culture is endemic in the UK
and is believed to supress performance by an average of 29%. Equating to an annual
£46 billion missed opportunities for private sector profits, and £21 billion in
adminstrative costs across the public sector.
Ramesh said that “Failure to properly exploit information is keeping Britain’s
bosses in the dark and affecting our international competitiveness,” with three
key factors idenitified as supressing business performance: frustrated decision
making, information islands and fragmented truths.
“The UK must begin to value information as a business asset and in doing so ensure that any investments in IT solutions are not just quick fixes, but actively enhance and improve the information culture.”
To read the rest of the article at Director of Finance, click here.
To download the Information Opportunity Report 2008, click here.
To read the press release on the Information Opportunity Report 2008, click here.
Ramesh is Head of Information Exploitation at Capgemini UK, he has a strong track record of successfully shaping and delivering complex, information-driven business change programmes for some of the largest organisations in the UK across the government, finance, consumer goods, retail, manufacturing and utilities sectors.
For further coverage on the Information Opportunity Report 2008:
