Accenture survey shows most managers spend too much time searching for valuable information and have too much useless information.
Middle managers spend more than a quarter of their time searching for information necessary to their jobs, and when they find it, it's often wrong, according to results of an Accenture Ltd. survey. Other findings: Managers said that 50 percent of the information they obtain has no value to them.
59 percent said they miss corporate information that's valuable in their jobs almost every day because they can't find it.
42 percent reported that they accidentally use the wrong information at least once a week.
45 percent said they find gathering information about what other parts of the company are doing to be a big challenge.
57 percent said that having to go to numerous sources to compile information is a difficult aspect of managing information for their jobs.
40 percent reported that other parts of the company are not willing to share information.
36 percent said there is so much information available that it takes a long time to find the right piece of data.
16 percent reported that they gather and store information using a collaborative workplace such as a company's intranet portal.
IT managers are the least likely to feel that the information they receive has value, and they spend the most time trying to find it:
44 percent of the information that IT managers receive for their jobs is of no value.
47 percent of IT managers spend nearly 30 percent of their workweeks trying to track down information relevant to their jobs.
31 percent of IT managers miss valuable information more than five times a week.
Source: 2006 Accenture survey of 1,009 business and IT managers in companies with reported annual revenue of more than $500 million.
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