Poor information management costs millions a year
Ramesh Harji, Head of Information Exploitation, Capgemini speaks to IT Pro on how failing to properly manage and exploit data is leading managers to make decisions without seeing the full picture.
5 March 2008
Publication
The release of the Information Opportunity Report 2008 concludes that ‘poor information management is hurting producivity by 29%’.
Resulting in costing the UK economy £46 billion across the private sector in missed
opportunities, and £21 billion in the public sector. The Information Opportunity Report 2008 states that poor control leaves business managers without the right data to
make decisions, with 63% of respondents said they made crucial decisions without
the right information.
One of the problems is the vast body of information avaliable, some 36% of respondents
said the amount if data avaliable had doubled in the past five years. Ramesh believes,
“They’re not throwing money away, but they could do better. It’s not about getting
all the information, but understanding what information is critical to making
that decision, we are asking people to do things a bit different, focus on doing
what they have been doing but more focus on information and people’s skills. Information
is a corporate asset.”
To read the rest of the article at IT Pro, 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.
Further coverage on the Information Opportunity Report 2008:
