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Less than 10 percent of today's enterprises have a true information strategy, according to latest report of Gartner.
Recent research by Gartner has found that, just as business model thinking wasn't mainstream or well-rehearsed a decade ago, management thinking at an "information as strategy" level is still evolving.
Gartner analysts are examining these and other challenges facing India's BI community during the Gartner Business Intelligence and Information Management Summit, which is taking place here through Tuesday.
"When asked about the new kinds of information they anticipate as being disruptive in the next few years, half of the respondents to Gartner's 2013 Worldwide CEO and Senior Executive Survey could not provide an answer or name a technology," said Partha Iyengar, country manager - India, Gartner.
The social Internet, inexpensive sensors, the Internet of things and other trends will cause an explosion in the types of information that are available. In this way, competition will increasingly be defined by differential access, control and value recognition and timely exploitation of information," added Iyengar.
Leveraging the above effectively requires overlapping human, professional and organizational competencies. Sharpening each of them will be key to competitive success
Given the level of important strategic work to be done on the information that the company uses, it is essential to identify who in the organization is ultimately responsible for this. In most organizations, the real answer is "everyone and no-one", but that cannot be sustained because the complexity, risk and opportunity presented by the information explosion keeps on expanding.
Most CIOs do not take responsibility for information policy, for new information acquisition or for information asset business exploitation. CEOs are beginning to see that gap and try to fill it, with a head of information management or a chief data officer (CDO).
"We have talked to a number of CDOs about their appointment and the circumstances that led to it. It seems the appointment of a CDO often relates to an awakening within the senior leadership of the firm regarding the importance of information management and the current lack of ownership and focus on it," said Iyengar.