CEOs Lack Access To Correct Info For Biz Decisions, Says Survey

Mumbai, May 20: | Updated: May 21 2003, 05:30am hrs
Senior executives of Indian companies lack the access to correct information for taking business decisions, according to a survey commissioned by Teradata, a division of NCR Corporation.

The survey reveals that almost half of Indias 47 senior executives from large organisations could not avail of enough information to make intelligent decisions.

More than 53 per cent of them said that the information that they could access was difficult to navigate or understand.

Teradata India business manager Amrish Rau said, Making decisions in time is getting harder for many senior executives. This survey revealed that companies and institutions want to understand their available data better, but a few actually attempt to use the tools that can help them make smarter decisions.

The housing of data in separate silos in an enterprise is the culprit in poor decision-making. Mr Rau said, Data is one of the most important assets a company has, because a timely support can be accessed by it. Getting the right tools into the hands of all these decision makers is the challenge.

As per the evaluation of measures of implementing data warehouse solutions, 12 per cent emphasised on return on investment, 13 per cent on the acquisition cost, 13 per cent on payback period, whereas 62 per on total ownership costs.