Despite numerous technological advances and tens of billions of investment dollars that were poured into information technology, a majority of businesses don’t have access to high-quality, reliable operations and financial information, according to a new report. Conducted by CFO Research Services and Deloitte Consulting, the survey evaluated 385 senior finance and IT professionals from the United States, China, Europe and Canada about the quality of management information they routinely receive. Fewer than half of the respondents said they believe they’ve achieved their information-quality (IQ) objectives. Eighty-two percent reported they could improve the utility of their financial information for forward planning and strategies.

The research report, “IQ Matters: Senior Finance and IT Executives Seek to Boost Information Quality,” also found that in the absence of reliable IQ data, a majority of respondents spend time building special reports and analyses that could be automatically provided by effective IQ reporting.

For more information, visit www.deloitte.com.

 …