When it comes to being able to support decision making, there is still a divide between the information business leaders want and how comprehensive they feel the data is.
Luxembourg's CEOs consider data about customers’ needs as most important. This is followed by financial forecasts, data about brand & reputation, business risks and employees’ needs. However, taking an average from of all these cases mentioned, just 29% of respondents view the data available to them as adequate.
This highlights how despite the progress made in data and AI, there is still a significant gap in the information available to decision makers. We wanted to know what was at the root of this alarming reality, so we asked Luxembourg's CEOs to list the primary reasons why the data is not adequate. More than 40% of Luxembourg's CEOs attributed the information gap to a lack of analytical talent.
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Watch Thierry Kremser, our Data Analytics and AI Leader talking about the insights from our last Luxembourg CEO Survey.
Internal shortcomings such as a lack of analytical talent are the primary reasons why the data received is not adequate
What are the primary reasons that the data you receive is not adequate or that you do not receive the information?
Laurent Probst
Advisory Partner, Industry & Public Sector, PwC Luxembourg
Tel: + 352 49 48 48 2199
Thierry Kremser
Advisory Partner, Deputy Advisory & Technology Leader, PwC Luxembourg
Tel: +352 49 48 48 2269