Enterprises in India are looking to invest in enterprise intelligence initiatives.
IDC predicts that by 2023, 40 per cent of enterprise intelligence initiatives will be business specific, purpose built for business, shortening the data to decisions time frame by 25 per cent, driving higher agility and resiliency. This is among the top 10 predictions for the India FOI Ecosystem, unveiled in the latest report, IDC FutureScape: Worldwide Future of Intelligence 2022 Predictions – India Implications.
IDC defines Enterprise Intelligence as encompassing four critical elements: the ability to synthesize information, the capacity to learn from the information, the ability to apply those insights at scale, and a data-driven culture. The elements are supported by a technology platform that drives the intelligence.
Enterprises in India are looking to invest in enterprise intelligence initiatives and projects for integrating knowledge specialists with business decision-makers to derive benefits such as improved decision-making, higher knowledge, and efficiency with the goal to drive improved financial, strategic, operational, and service level outcomes.
“The pandemic has highlighted the need to be resilient and Indian enterprises are focusing on becoming Intelligent organizations, by leveraging the power of data. Enterprises must focus on shifting from a “process-driven” mindset to a “data-driven” culture,” says Rishu Sharma, Associate Research Director, Cloud and AI, IDC India.
Below are a few of the India Cloud predictions that would impact the technology buyers and suppliers in 2022 and beyond:
Inter-Company Intelligence: By 2024, 40 per cent of large enterprises in India will be involved in intercompany intelligence sharing based on common standards, values, and goals, strengthening mutualism in ecosystem relationships by 30 per cent.
Automation in Learning: 30 per cent of large organizations will double the use of intelligent automation in knowledge retention, dissemination, and information synthesis by 2027, filling the skills vacuum in the data to insights life cycle.
Business Value First: By 2023, 40 per cent of enterprise intelligence initiatives will be business specific, purpose built for business, shortening the data to decisions time frame by 25 per cent, driving higher agility and resilience.
“Data is at the heart of the DX journey for any industry or vertical. Indian organizations are realizing the importance of leveraging enterprise intelligence across all domains of business operations as well as enterprise ecosystems to enhance strategic decision-making processes for delivering solutions and services that drive business value,” says S agnik Das, Senior Market Analyst, Cloud & AI, IDC India.
