San Ramon, Calif. – May 3, 2012 – Ventana Research has released its latest Benchmark Research, The Evolution of Information Management, concerning current practices and the benefits organizations may gain by having efficient information management processes and technologies. Ventana Research undertook this benchmark research to acquire information about levels of maturity, trends and best practices in organizations’ information management practices and technologies. In addition, Ventana Research was able to compare current information with groundbreaking research it conducted previously on the same topic, allowing for a thorough analysis of the changes in organizations’ information management.
The latest research found that while organizations are aware that effective information management results in faster decision-making, better decisions and customer/partner interactions, less than half (43%) of organizations have undertaken information management initiatives in the last two years. Less than one fifth have these processes and technologies in key areas of information management completed, including data governance, data integration, data quality, master data management and data virtualization. Thus the research and assessment is that information management is still maturing and has significant for improvement.
Research findings indicate that organizations derive definite benefits when these initiatives undertaken. For example, while 65% of all participants say they largely or totally trust numeric data they use in regular activities, the percentage climbs to over 75% among those organizations that have completed data quality or master data management initiatives. The findings also indicate similar gained benefits when organizations have data related integration, governance, quality, master data and virtualization initiatives completed.
“The state of information management is still maturing. Competencies need to be built through a combination of people, process and technology”, said Mark Smith, CEO & Chief Research Officer. “Our groundbreaking research 8 years ago established information management as the foundation for every CIO. This still holds true and has grown to now be seen as the blueprint for every organization who wants to enable faster decision making and have a foundation for advancing into Big Data and Business Analytics.”
Those interested in learning more about this benchmark research can find additional information can visit our Information Management Research. As a part of your registration you will receive insights and education from Ventana Research on using technology effectively in business. Ventana Research thanks those that participated in the benchmark and media partners Information Management, who helped make this industry benchmark research a reality. Ventana Research provides guidance to organizations in business and IT in information technology through its Ventana On-Demand and with its assessment and educational services offerings.
Ventana Research is the most authoritative and respected benchmark business technology research and advisory services firm. We provide insight and expert guidance on mainstream and disruptive technologies through a unique set of research-based offerings including benchmark research and technology evaluation assessments
, education workshops
and our research and advisory services
, Ventana On-Demand
. Our unparalleled understanding of the role of technology in optimizing business processes and performance and our best practices guidance are rooted in our rigorous research-based benchmarking of people, processes, information and technology across business and IT functions in every industry. This benchmark research plus our market coverage and in-depth knowledge of hundreds of technology providers means we can deliver education and expertise to our clients to increase the value they derive from technology investments while reducing time, cost and risk.
Ventana Research provides the most comprehensive analyst and research coverage in the industry; business and IT professionals worldwide are members of our community and benefit from Ventana Research’s insights, as do highly regarded media and association partners around the globe. Our views and analyses are distributed daily through blogs and socialmedia channels including Twitter
To learn how Ventana Research advances the maturity of organizations’ use of information and technology through benchmarkresearch, education and advisory services, visit www.ventanaresearch.com.