In 2005, CFO Research Services, in collaboration with Deloitte Consulting LLP, conducted a survey of senior finance and IT executives in North America, Europe and China.1 The 385 respondents to the survey painted a startling picture of the state of information quality (IQ) at the world's leading companies. The results of the survey spoke volumes about where those companies are in their journey toward IQ - and about how far they still have to go.

However, there were some bright spots in the survey. Approximately 40 percent of respondents indicated that they had access to financial and operational information that accurately reflected business performance. Another 25 percent said they had access to timely, accurate financial and operational information for decision-making. While these numbers are not optimal, they are encouraging. IQ is not an impossible goal.

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