Monday, September 27, 2010

ROE Productivity Directly Correlated to Data Quality

According to a recent study, the financial metrics that predict a firm's competitiveness, overall health and profitability can be improved if high quality data is presented concisely and in useful ways to mobile and remote access users.

A study at The University of Texas at Austin in explored the correlation between Return On Equity (ROE) investments in IT and the financial performance of the business, the productivity of employees, and the ability to more accurately plan and forecastreports Julie Langenkamp for Information Management Magazine, Sept/Oct 2010.

The research done in conjunction with the Indian School of Business and sponsored by Sybase found that the cost of increasing effective data is relatively minor compared to the resulting returns. The study of more than 150 Fortune 1000 firms examined issues associated with the quality, accessibility and relevance of data, and how these factors affect the performance of the business.

Results suggest that even marginal investments in IT can have dramatic impact when that technology addresses data quality, usability and intelligence, whether it be using mobility or remote access solutions, analytics or BI solutions, or a combination of technologies.

For more information on how data quality can optimize your business performance, talk to your knowlegable Freelance Technologies Representative today!

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