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Survey: Delayed Transformations

By Nancy Fass
July 1, 2020
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A survey of 300 C-suite executives at large financial institutions in the United States found that digital transformation at their companies is being slowed due to issues with data volume, management, variety, and velocity. The survey, conducted by Tamr, suggests that “fear of data readiness” is constraining these efforts. Respondents agreed that, to better contribute to success, the data needs to be in the following state:

 

64%

Accurate, complete, and credible

 

64%

Enables clear insights into informed decision making across the business

 

61%

Accessible and brought together from key systems

 

58%

The primary driver in making their company a data-driven organization

 

The full report, Keeping Pace: How Data Disconnects are Causing Large Financial Institutions to Lag their Competitors, is available at bit.ly/2YvrUIk.

 

 

Nancy Fass is a senior editor for IMA® (Institute of Management Accountants). She can be reached at nfass@imanet.org.
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