Search
 

Quality Time for Data

Distress over data quality and information integrity has jumped to the top of the list of IT concerns for the CFO, as companies recognize the impact that data quality has on shareholder value

By Beth Karlin | Updated on September 05, 2007

Concerns over data quality and integrity, long relegated to the information technology domain, are registering ever higher on the radar of CFOs, and even prompting some to become integrally involved in efforts to ensure more reliability. A joint survey by Financial Executives International (FEI) and Computer Sciences Corp. (CSC) found that some 70% of the 650 participating CFOs said they plan to establish programs this year to address data quality. That’s hardly surprising since 63% said data errors had hurt their companies’ profits.

In the ninth annual FEI-CSC technology survey, only one in five respon-dents reported being satisfied with their information integrity. The distress over data quality and information integrity was so great as to push data security–previously the most worrisome issue–to fourth place. Coming in second and third were prioritizing technology investments and aligning business and IT strategies.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2024 ALM Global, LLC. All Rights Reserved.