International Data Corporation (IDC) predicts that by 2026, to elevate their data culture, 40% of large enterprises in India will have data literacy programs, including training to help employees spot misinformation and communicate or influence with data. This is among the top 10 predictions for the India Data and Content Ecosystem, unveiled in the latest report, IDC FutureScape: Worldwide Data and Content Technologies 2022 Predictions — India Implications.
Enterprises in India are prioritizing data literacy since the inability to effectively utilize the data deters the development of data culture and creates hindrances in the ability to optimally leverage data and content to raise overall enterprise intelligence. It is therefore critical for enterprises to empower their employees and the ecosystem to interpret and derive insights from data effectively.
“Data literacy is a crucial pillar for the success of analytics initiatives within the organizations. Enterprises are directing initiatives that focus on enhancing the data skills through internal and external training sessions,” says Rishu Sharma, Associate Research Director, Cloud and AI, IDC India.
Below are a few of the India Data and Content Technologies predictions that would impact the technology buyers and suppliers in 2022 and beyond:
DataOps: By 2024, 20% of large enterprises in India will have a data control plane architecture to enable DataOps, propel ML-based data engineering, reduce data risks, and propel innovation among Gen D workers.
Analytics and Knowledge Network: By 2024, 20% of business intelligence solutions will incorporate intelligent knowledge networks, extending core ML-based user augmentation with collaborative and collective intelligence functionality.
Decisioning Platforms: By 2026, the lack of an analytics control plane will drive 20% of large Indian enterprises to adopt decisioning platforms with unified analytics, business rules, workflow, and collaboration capabilities.
Data Literacy: By 2026, to elevate their data culture, 40% of large enterprises in India will have data literacy programs, including training to help employees spot misinformation and communicate or influence with data.
Graph Databases: By 2025, 30% of large enterprises in India will deploy graph databases, recognizing this technology’s applicability to a growing set of use cases involving relationship, influence, path, and pattern analysis.
“In a digital-first industry where enterprises are prioritizing DX as a core element, data is the gold dust which enables organizations in India to make informed decisions in real-time, in order to drive business value,” says Sagnik Das, Senior Market Analyst, Cloud & AI, IDC India.