Despite numerous technological advancements and tens of billions of dollars companies have poured into information technology over the past five decades, a new study finds that a majority of responding business decision-makers do not have ready access to high-quality, reliable, useful information on operating and financial performance.

CFO Research Services and Deloitte Consulting LLP (Deloitte Consulting), a subsidiary of Deloitte & Touche USA LLP, surveyed 385 senior finance and IT professionals from the United States, Canada, Europe and China on the quality of management information and its proficiency in meeting information needs at large companies. The result: fewer than half of respondents believe they have achieved their information quality (IQ) objectives. Equally important, 82 percent believe they could improve the utility of financial information for forward-looking planning and strategy.

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