A lack of decision-making systems in European firms
costs millions of pounds a year in lost productivity, a
study from Vanson Bourne has found.
The study, commissioned by
Information Builders, found that a typical European employee
wastes an average of 67 minutes every day looking for company
information, equivalent to 15.9% of the working time per day. For
an organisation with a 1,000 staff on £34,000 per year it equates
to £5.39 million a year of salaries wasted by staff looking for
company information to make a decision.
According to the research, managers are also frustrated and
demotivated by poor access to accurate data, with 54% of
respondents claiming lack of accurate, consistent and complete
information as the biggest barrier to making good decisions.
As a result they have to rely too much on experience rather than
good information to make decisions, which 63% of respondents said
was the key characteristic of a good decision. Respondents believed
that easy access to information (55%), easy to use search and
retrieval tools (40%) and timely reports (25%) would help them be
more productive in their jobs.
Price optimisation will be the next big challenge for retail IT
>>
Vanson Bourne
>>
Information Builders
>>
Comment on this article:
computer.weekly@rbi.co.uk