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.
