Nonintegrated IT Hurts Strategic Planning

A lack of integrated information systems is hampering the ability of corporations to do strategic planning, according to a recent study from AnswerThink Consulting Group in Hudson, Ohio.

Nearly 80 per cent of the companies surveyed reported that their management information systems aren’t integrated with transactional and operational systems.

Furthermore, poor systems integration limits the ability to customize reports for executives. Barely one-third of the companies can quickly access management information by geography, product, customer, supplier or major project, the study said.

The study covered more than 50 Fortune 500 companies, a spokesperson said.

The overall conclusion of the study: More than two-thirds of companies fail to integrate strategic planning with tactical and financial planning processes, which leads to sluggish decision-making and lost business opportunities, the CEO-level consulting firm said.

“Technology has created a deluge of data that often blinds managers from deciphering what is important,” said David Axson, managing director of AnswerThink’s CEO Solutions practice, in a prepared statement. “World-class companies leverage technology to tailor management reports so they only deliver what’s material and volatile, the factors that truly drive revenue and costs.”

Would you recommend this article?


Thanks for taking the time to let us know what you think of this article!
We'd love to hear your opinion about this or any other story you read in our publication.

Jim Love, Chief Content Officer, IT World Canada

Featured Download

Previous article
Next article

Featured Articles

Empowering the hybrid workforce: how technology can build a better employee experience

Across the country, employees from organizations of all sizes expect flexibility...

What’s behind the best customer experience: How to make it real for your business

The best customer experience – the kind that builds businesses and...

Overcoming the obstacles to optimized operations

Network-driven optimization is a top priority for many Canadian business leaders...

Thriving amid Canada’s tech talent shortage

With today’s tight labour market, rising customer demands, fast-evolving cyber threats...

Staying protected and compliant in an evolving IT landscape

Canadian businesses have changed remarkably and quickly over the last few...

Related Tech News

Tech Jobs

Our experienced team of journalists and bloggers bring you engaging in-depth interviews, videos and content targeted to IT professionals and line-of-business executives.

Tech Companies Hiring Right Now