98% of Indian
business leaders find it challenging for their organization to identify valuable data
sources
Qlik® today launched
two new resources that build on the recent global
IDC study sponsored by Qlik. The study shows organizations that invest in
creating data-to-insights (D2I) capabilities through modern data and analytics
pipelines are seeing significant gains. Through the new IDC hosted assessment
tool (www.D2I-Score.com), every organization can evaluate the
strengths and gaps in their own data pipelines. The tool also provides a set of
recommendations that will help organizations better support and focus on
strategic investments that can have a significant bottom-line impact.
“Indian
organizations are missing a crucial opportunity to impact their performance by
turning data into ongoing business value due to gaps in leaky data pipelines,”
said Varun Babbar, Country Manager, Qlik
The overall
survey of 1,200 business leaders show there are key
differences in how each country is approaching data pipelines and their D2I
capabilities, and how those approaches are impacting business performance.
· The average D2I score is 41.8 across Asia Pacific.
· Virtually every company surveyed across Asia
Pacific reported a significant challenge in identifying which data sources were
valuable.
· The greatest challenges for Indian organizations
in capturing data and moving it for processing are
ensuring all relevant data is captured (53%), transferring data in a timely
manner (46%), and ensuring data quality (45%)
· The greatest pain points for Indian organizations
in processing data into an analytics-ready form are
refreshing and updating data correctly (53%), assuring data correctness (49%),
and dealing with missing and incomplete data issues (47%).
· When
it came to executing data analytics, presenting analytics in
a clear and persuasive form (55%) and conducting the appropriate analytics for
the issue being examined (52%) remains the two main pain points among Indian
organizations.
· Improved
operational efficiency (81%), customer satisfaction/loyalty (81%), and profit
(78%) were the most commonly reported improvements experienced by Indian
organizations as a result of investments in data management and analytics.
Regardless of
the regional differences, every organization is inundated with complex and
varied data types. Many are struggling to maximize the value of that data since
it’s flowing through unintegrated and leaky data pipelines, often due to a lack
of a data catalog and change data capture capabilities. In addition,
investments in AI and analytics are being undercut without an agile, automated
and agnostic data pipeline that continually transforms data from any cloud,
system or source into enterprise-ready information that drives action and
outcomes.
Additionally, a
new Qlik data analytics
application titled
“Data as the New Water: The Importance of Investing in Data and Analytics
Pipelines” provides a detailed geographic breakdown of the significant
differences in how respondents in key markets such as the US, UK, Brazil,
Australia, Singapore and Japan are positioned to either reap the benefits or
fall behind competitors based on the strength of their data pipelines.
Qlik’s data
integration and data analytics platforms, together with its data literacy as a
service offering, deliver the industry’s only end-to-end approach to Active
Intelligence. Unlike traditional BI, Active Intelligence realizes the potential
in data pipelines by bringing together data at rest with data in motion for
continuous intelligence derived from real-time, up-to-date information, and is
specifically designed to take or trigger immediate actions.
This eliminates data leaks by closing
the gaps from relevant to actionable data (Qlik Data Integration), actionable
data to actionable insights (Qlik Analytics) and from investment to value (Data
Literacy as a Service).