Mazars global study reveals most businesses are overconfident about their level of data maturity (press release)
93% of respondents say that data is a top priority in their technology roadmap - 82% think they’re more data mature than peers - But most don’t meet best practice on a range of topics critical to data maturity - Only 37% of respondents…
- 93% of respondents say that data is a top priority in their technology roadmap
- 82% think they’re more data mature than peers
- But most don’t meet best practice on a range of topics critical to data maturity
- Only 37% of respondents make data constantly available to anyone who needs it
- Data maturity is key to growth
Mazars, the international audit, tax, and advisory firm, with research partner DataGalaxy, announces the release of its first global study on data – The race to data maturity: Is your business as far ahead as you think? Over 1,100 business leaders from 21 countries, working in different size organisations in various industries and sectors participated in an online survey. The goal was to determine the self-assessed data maturity – or ‘fitness’ – of organisations and gauge how this self-assessment measured up to the actual programmes, processes, and policies they have in place.
Nicolas Quairel, Partner and Global Head of Technology and Digital Consulting at Mazars, comments: „Countless businesses are racing toward the same objective: to be data-driven. However, our findings underscore the inherent difficulty of this journey. The path to data maturity is often longer, more complex, and more fraught with challenges than business leaders anticipate – or even realise.”
Being data-driven is no longer optional; it’s required
Our results show that businesses across the board are investing effort, money, and executive time on data: it’s the top priority, or among the top priorities, in the technology roadmap of 93% of companies surveyed; and top executives and board members address data management and governance issues quarterly, or even more frequently, in 80% of companies.
Becoming data-driven requires hard work and tough decisions that can make the difference between just keeping up and taking the lead.
„Data has become one of the most important assets of a business. With the continuous development of the applications capable to collect, store and utilize large volume of data, there is an increasing need for the implementation of a better data governance as well as adequate measures for protection and secure access.”, mentioned Răzvan Butucaru, Partner, Financial Services & Advisory Leader, Mazars Romania (in opening picture).
