Forbes Insights: Managing Information in the Enterprise - Perspectives for Business Leaders

What are the data challenges facing the world’s top companies? A recent Forbes Insights survey, in association with SAP, of more than 200 business and information technology (IT) executives at leading global enterprises uncovered significant trends, misconceptions, and underlying roadblocks to better information management:

  • Data-related problems cost the majority of companies more than $5 million annually. One-fifth estimate losses in excess of $20 million per year.
  • 95% of organisations agree that strong information management is critical for business success.
  • Line-of-business executives and IT frequently disagree about the source of data-related problems and the potential solutions.
  • Fragmented data ownership is the single biggest roadblock to an enterprise information management program.
  • CIOs and their IT managers need to communicate more frequently and effectively about information management projects and their benefits to lines of business.
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