{"id":11097,"date":"2021-10-03T21:37:33","date_gmt":"2021-10-03T16:07:33","guid":{"rendered":"https:\/\/www.digitalcreed.in\/?p=11097"},"modified":"2021-10-03T21:37:33","modified_gmt":"2021-10-03T16:07:33","slug":"data-paradox","status":"publish","type":"post","link":"https:\/\/www.digitalcreed.in\/data-paradox\/","title":{"rendered":"53% of Businesses in India Have Not Come Close to Realize their Digital Transformation Goals: Dell Study"},"content":{"rendered":"

India, September 29, <\/em><\/strong>2021<\/em><\/strong>: Dell Technologies is today releasing the results from a global commissioned study* conducted by Forrester Consulting, which shows most businesses in Asia Pacific & Japan (APJ) are struggling with the 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. This \u201cData Paradox\u201d is driven by the volume, velocity and variety of data overwhelming businesses, technology, people, and processes. The May 2021 commissioned study, “Unveiling Data Challenges Afflicting Businesses Around The World”<\/strong><\/em>, was conducted by Forrester Consulting on behalf of Dell Technologies. Base: 4,036 Director+ decision-makers responsible for data and data strategies in NA, EMEA, APJ, GC, or LATAM<\/p>\n

The findings are based on a survey of more than 4,000 decision-makers from 45 countries globally including 1000 respondents from nine countries across APJ (Australia, India, Indonesia, Japan, New Zealand, Singapore, South Korea, Thailand, and Vietnam). The study builds on the Dell Technologies Digital Transformation Index<\/a> research, which assesses the digital maturity of businesses around the globe. The new Digital Transformation Index revealed that \u201cdata overload\/unable to extract insights from data\u201d was the second highest ranking barrier to transformation in India, up from 12th<\/sup> in 2016 (Global & APJ: 3rd<\/sup>, from 11th<\/sup> & 12th<\/sup> place in 2016, respectively)<\/p>\n

The Data Paradox<\/h2>\n

1. The Perception Paradox<\/b><\/p>\n

Two-thirds of respondents India: 74%, (Global: 66%, APJ: 67%) say their business is data-driven and state \u201cdata is the lifeblood of their organisation.\u201d But only a little over a fifth India: 24%, (Global: 21%, APJ: 21%) testify to treating data as capital and prioritising its use across the business.<\/p>\n

To provide some clarity around this paradox, the research outlines an objective measurement of businesses\u2019 data readiness.<\/p>\n

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The results show that 82% of businesses in India (Global: 88%, APJ: 88%) are yet to progress either their data technology and processes and\/or their data culture and skills. However, only 18% of businesses in India (12% of businesses globally and in APJ) are defined as Data Champions: companies that are actively engaged in both areas (technology\/process and culture\/skills).<\/p>\n

2. The \u201cWant More Than They Can Handle\u201d Paradox<\/b><\/p>\n

According to the research, 82% of organizations in India (70% globally and 73% in APJ) say they are gathering data faster than they can analyse and use, yet 71% of businesses in India (67% globally and 69% in APJ) say they constantly need more data than their current capabilities provide. This could be the result of:<\/p>\n