Crisis levels of constant and compounding increases in the number of daily decisions, in the complexity of those decisions and in the amount of data have become the new norm, according to the fourth annual survey of senior executives of large corporations by Teradata, a division of NCR Corporation."The four-year trends make it clear that the explosion in data and decision-making is here to stay," said Bob Fair, Teradata's chief marketing officer. "The need for better, faster decisions has become a critical business requirement. Our survey shows that this requirement can best be met by having faster access to detailed data combined with customer history, better integration of data warehousing within the enterprise and improving response times for all users."
Close to three-quarters (71 percent) of the executives surveyed - all senior executives of top North American companies, 61 percent with annual revenues exceeding $1 billion - said that the number of daily decisions has increased over last year. For four consecutive years, Teradata's surveys have found that the increase in data is compounding, with 97 percent to 100 percent of respondents saying data is increasing and well over half saying data is doubling or tripling over the previous year (59 percent in 2005, up from 2004). And 98 percent said that decisions remain complex compared to previous years.
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