Survey shows majority of corporate executives unable to make informed business decisions
NEW YORK, NY, September 26, 2007 -- Business Objects, the world’s leading provider of business intelligence (BI) solutions (Nasdaq: BOBJ) (Euronext Paris ISIN code: FR0004026250 - BOB) today announced the results of a survey analyzing the current status of corporate decision-making. The survey of 154 global C-level executives, conducted by the Economist Intelligence Unit (EIU) and commissioned by Business Objects, found that less than one in ten corporate executives believe they have the necessary information when they need it to make critical business decisions. More than half of these senior executives are concerned that as a result of missing information, they may be making poor decisions and a quarter believe that management frequently or always gets its decisions wrong.
“These are sobering statistics,” said John Schwarz, CEO of Business Objects. “We are talking about business decisions that can cost an organization millions of dollars, either through costly errors or through the failure to grasp a competitive advantage.”
Despite eight out of ten respondents indicating that data is the most important factor in making decisions, ranking it much higher than: the opinion of others, personal intuition, or external consultancy; the research showed that more than half of respondents said that decision-making in their organizations was largely informal and ad hoc.
“The simple fact is that executive decision makers are not getting the data they value and need, and are being forced into making decisions on ‘gut instinct’,” said Schwarz. “At a time when the economists are predicting that the current credit squeeze is likely to impact the business environment, it is important to wring out every advantage amidst intense and global competitive pressures. Executives must demand clarity from their organizations to ensure their decisions can and will deliver the results their investors are seeking.”
Business Objects is hosting a multi-city series of executive forums with Accenture and featuring speakers from The Economist and Economist Intelligence Unit which explore the challenges of corporate decision making. For more information, please visit: www.businessobjects.com/economist/.
About Business Objects
Business Objects has been a pioneer in business intelligence (BI) since the dawn of the category. Today, as the world’s leading BI software company, Business Objects transforms the way the world works through intelligent information. The company helps illuminate understanding and decision-making at more than 44,000 organizations around the globe. Through a combination of innovative technology, global consulting and education services, and the industry’s strongest and most diverse partner network, Business Objects enables companies of all sizes to make transformative business decisions based on intelligent, accurate, and timely information.
Business Objects has dual headquarters in San Jose, Calif., and Paris, France. The company’s stock is traded on both the Nasdaq (BOBJ) and Euronext Paris (ISIN: FR0004026250 - BOB) stock exchanges. More information about Business Objects can be found at www.businessobjects.com.
The Business Objects logo, BusinessObjects, Crystal Reports, Crystal Decisions, Web Intelligence and Xcelsius are trademarks or registered trademarks of Business Objects in the United States and/or other countries. All other names mentioned herein may be trademarks of their respective owners.
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