DUBLIN, Calif.--(BUSINESS WIRE)--Sybase, Inc., an SAP company (NYSE: SAP) and industry leader in enterprise and mobile software, today issued the second installment of results from a new report – ‘Measuring the Business Impacts of Effective Data’ – an extensive study benchmarking some of the world’s leading Fortune 1000 enterprises across a wide range of vertical industries by measuring the direct correlation between a company’s IT investments and overall business performance.
While the first installment quantifies the relationship between incremental investments in effective data and the key financial indicators of an enterprise’s health and profitability, the second installment examines ‘Impacts of Effective Data on Business Innovation and Growth.’ That is, the impact on a company’s ability to drive innovation, organic growth and sustained customer growth – each of which make financial performance gains possible.
“Business growth attributable to new offerings and new customers are both critical indicators of the competitiveness of an organization, and this second installment of findings begins to unearth where data improvement impacts are felt the most,” said Anitesh Barua, distinguished teaching professor and lead researcher, University of Texas at Austin. “We have already drawn definitive correlations between improvements in data and key financial performance metrics of businesses today, as outlined in our initial installment. Unlike previous studies, we are continuing to further peel back the onion to more holistically understand how better data influences a company’s health and profitability.”
Even the most incremental investments made towards improving only two data attributes – data accessibility and intelligence – can deliver dramatic impacts on the following key business innovation and growth metrics:
“Every day, we have conversations with our customers about how their data can be leveraged in new ways to generate revenue, whether it be through the development of new products and services or reaching a new market segment,” said Dr. Raj Nathan, executive vice president & CMO, Sybase. “In the end, we always come back to one thing – empowering employees with effective data so that data itself doesn’t become an impediment to business growth. This study deductively shows that simple, pragmatic improvements in data intelligence and accessibility help employees better understand evolving demand patterns, customer preferences and market dynamics that enable companies to both drive innovations to market faster and attract new customers.”
The third part of the study (to be released shortly) will apply the same data attributes to examine the operational impacts of effective data with a focus on improving the accuracy of planning and forecasting.
Click here to download a free copy of this second installment on ‘Impacts of Effective Data on Business Innovation and Growth.’ Click here to download a free copy of the first installment of the report on ‘Financial Impacts of Effective Data.’
About the Study
The referenced study was commissioned by Sybase and conducted by the McCombs School of Business at the University of Texas, in conjunction with the Indian School of Business. The methodology of the study involved three steps – 1) operationalization of data attributes, survey design and testing, 2) data collection, and 3) analysis. The objective was to collect data from a variety of industries and functions. The questionnaire was tested for clarity and face validity and refined with the help of inputs from Fortune 1000 employees in functions who need accurate and timely information to make decisions or take actions (e.g., sales, forecasting, etc.). The final survey instrument was completed by over 150 respondents from Fortune 1000 firms. Financial and some operational performance data on the firms represented by the survey respondents was collected from archived sources. The empirical analysis involved two steps: Factor analysis to determine distinct attributes of data, and multiple regression analysis to test the relationships between data attributes, controls and performance measures.
Sybase, an SAP® company, is an industry leader in delivering enterprise and mobile software to manage, analyze and mobilize information. We are recognized globally as a performance leader, proven in the most data-intensive industries and across all major systems, networks and devices. Our information management, analytics and enterprise mobility solutions have powered the world’s most mission-critical systems in financial services, telecommunications, manufacturing and government. For more information: www.sybase.com. Read Sybase® blogs: blogs.sybase.com. Follow us on Twitter at @Sybase.
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