Forrester-Dell study unearths paradoxical elements around data
The Hindu
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, revealed a study conducted by Forrest
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, revealed a study conducted by Forrester Consulting for Dell Technologies.
Also, some 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.
As per the Forrester-Dell study, 49% of Indian respondents believed that the quality of actionable insights that their business has applied and benefited from has stayed the same or decreased over the last three years.
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Five top firms lose ₹1 lakh crore in market value, with HDFC Bank experiencing the largest decline of ₹56,124.48 crore.