[ad_1]
HYDERABAD: Almost 85 per cent of Indian businesses are yet to progress either their data technology and processes and/or their data culture and skills, revealed a research commissioned by an IT and workforce solutions firm.
Dell Technologies conducted a research by Forrester Consulting, which revealed that most businesses in Asia Pacific and Japan (APJ) are struggling with proliferation of data. Instead of offering a competitive advantage, data has become a burden due to an array of barriers: a data skills gap, data silos, manual processes, business silos and data privacy and security weaknesses.
The findings are based on a survey of more than 4,000 decision-makers from 45 countries globally including 1,000 respondents from nine countries across APJ.
The research indicates that while 74 per cent of businesses in India believe they are data-driven, only 24 per cent testify to treating data as capital and prioritizing its use across the business.
“At a time when businesses are under immense pressure to embrace digital transformation to accelerate customer service, they need to juggle getting more data in, as well as better mining the data that they have. Particularly now, with 44% globally and in APJ saying the pandemic significantly increased the amount of data they need to collect, store, and analyse,” said Amit Midha, president, APJ and global digital cities, Dell Technologies.
More than two-thirds admit that they need more data, but even more businesses claim that they have more data now than they can handle. Most believe in the data benefits of transitioning to an on-demand model, but only a few (24 per cent of businesses in India) have made the move.
The study builds on the Dell Technologies Digital Transformation Index research, which assesses the digital maturity of businesses around the globe.
The new digital transformation index revealed that “data overload/inability to extract insights from data” was the second highest ranking barrier to transformation in India up from 12th in 2016.
Dell Technologies conducted a research by Forrester Consulting, which revealed that most businesses in Asia Pacific and Japan (APJ) are struggling with proliferation of data. Instead of offering a competitive advantage, data has become a burden due to an array of barriers: a data skills gap, data silos, manual processes, business silos and data privacy and security weaknesses.
The findings are based on a survey of more than 4,000 decision-makers from 45 countries globally including 1,000 respondents from nine countries across APJ.
The research indicates that while 74 per cent of businesses in India believe they are data-driven, only 24 per cent testify to treating data as capital and prioritizing its use across the business.
“At a time when businesses are under immense pressure to embrace digital transformation to accelerate customer service, they need to juggle getting more data in, as well as better mining the data that they have. Particularly now, with 44% globally and in APJ saying the pandemic significantly increased the amount of data they need to collect, store, and analyse,” said Amit Midha, president, APJ and global digital cities, Dell Technologies.
More than two-thirds admit that they need more data, but even more businesses claim that they have more data now than they can handle. Most believe in the data benefits of transitioning to an on-demand model, but only a few (24 per cent of businesses in India) have made the move.
The study builds on the Dell Technologies Digital Transformation Index research, which assesses the digital maturity of businesses around the globe.
The new digital transformation index revealed that “data overload/inability to extract insights from data” was the second highest ranking barrier to transformation in India up from 12th in 2016.
[ad_2]
Source link