Oireachtas Joint and Select Committees
Tuesday, 13 February 2018
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Benefacts Project: Discussion
2:10 pm
Ms Patricia Quinn:
That is a large question and I will try to answer it this way; private companies and Government organisations have enjoyed the luxury of business intelligence - if that is the right term - for decades. they have invested in the capacity to gather information from financial statements, for example. Services such as Bloomberg, LexisNexis or specialist firms have support business decision makers in the private sector for so long that people take it for granted. No such infrastructure, however, exists in this sector. The want of it costs dearly. It costs in poor decision making, it costs in duplication of effort and as I said earlier it costs in the energy and effort of non-profit organisations in providing the State over and over again with the same information.