{"id":139657,"date":"2021-09-24T09:48:42","date_gmt":"2021-09-24T09:48:42","guid":{"rendered":"https:\/\/precoinnews.com\/?p=139657"},"modified":"2021-09-24T09:48:42","modified_gmt":"2021-09-24T09:48:42","slug":"forrester-dell-study-unearths-paradoxical-elements-around-data","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/industries\/forrester-dell-study-unearths-paradoxical-elements-around-data\/","title":{"rendered":"Forrester-Dell study unearths paradoxical elements around data"},"content":{"rendered":"
Some 74% of Indian enterprises claimed they were data-driven, but only 24% of the respondents treated data as capital and prioritised its use in their businesses, a study conducted by Forrester Consulting for Dell Technologies revealed.<\/p>\n
At least 71% of respondents said they needed more data, while 82% of them stated they had more data now than what they could handle, said the study titled Data Paradox.<\/p>\n
As per the Forrester-Dell study, 49% of Indian respondents believed that the quality of actionable insights that their business has applied and benefitted from has stayed the same or decreased over the last three years.<\/p>\n
Most respondents believed in the data benefits of transitioning to an on-demand model. However, only a few have made the move: India 24%, around the globe at 20%, and the Asia Pacific Japan (APJ) region 21%.<\/p>\n
\u201cData deluge is one of the many challenges businesses are facing while managing and processing the volume of data being generated. In fact, 55% of businesses in India believe that the pandemic has increased the amount of data they need to collect, store and analyse,\u201d said Ripu Bajwa, director & general manager, Data Protection Solutions, Dell Technologies India.<\/p>\n
The study broadly revealed that most businesses were struggling with the proliferation of data. Instead of offering a competitive advantage, data became a burden due to an array of barriers, including data skills gap, data silos, manual processes, business silos, and data privacy and security weaknesses.<\/p>\n
\u201cThis data paradox is driven by the volume, velocity and variety of data overwhelming businesses, technology, people and processes,\u201d Mr. Bajwa said.<\/p>\n
Forrester Consulting surveyed over 4,000 global enterprises, including 1,000 firms from the APJ region and around 100 from India for this study.<\/p>\n