Posted by New Delhi: By 2023, 40% of enterprise intelligence initiatives will be business-specific, purpose-built for business, predicts IDC. This will help in shortening the data to decisions time frame by 25%, driving higher agility and resiliency.
This is among the top 10 predictions by IDC for the India Future of Intelligence 2022 predictions – India implications.
Enterprise Intelligence has four critical elements – the ability to synthesize information, the capacity to learn from the information, the ability to apply those insights at scale, and data-driven culture, according to IDC. A technology platform that supports these elements that drive the intelligence.
IDC observes that enterprises in India are looking to invest in enterprise intelligence initiatives and projects for integrating knowledge specialists with business decision-makers.
These efforts will help to derive benefits such as improved decision-making, higher knowledge and efficiency that enables 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 organisations, 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.
Other predictions from IDC:-
Inter-Company Intelligence: By 2024, 40% 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%.
Automation in Learning: 30% of large organisations 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% of enterprise intelligence initiatives will be business-specific, purpose-built for business, shortening the data to decisions time frame by 25%, driving higher agility and resiliency.
“Data is at the heart of the DX journey for any industry or vertical, according to Sagnik Das, Senior Market Analyst – Cloud and AI, IDC India.
“Indian organisations 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 Das.