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EMC: big data improves decision making in Asian business

big-data (1)Big Data is improving decision making, according to a newly released global survey by EMC.

Findings of the report based on a survey of IT decision makers from 50 countries indicate that big data is also impacting companies’ competitive differentiation and ability to avert risk.

92% of respondents in India said technology investment is a strategic way to achieve its goals and 82% IT decision makers in Singapore said they possess the skills to complete their business priorities successfully.

Three quarters of respondents think it is a challenge to keep pace with the rate of IT innovation over the next three years.

“IT can help businesses find efficiencies in a challenging economic climate while providing a platform for innovation for products and customers,” said Hélène Barnekow, senior vice president of World Wide Field & Partner Marketing, EMC Corporation.

Determining winners and losers

81% of respondents in Korea believe that big data will be an important factor in determining winners and losers in their industry.

79% of Taiwanese respondents said they have already achieved a competitive advantage as a result of big data analytics technology.

74% of Chinese respondents agree that big data technology is important in identifying and protecting against cyber-attacks.

9% of companies in China have no current plans for implementing big data technology. Proven ROI (35%) and business culture being unready for big data (22%) are the most common reasons that act as inhibitors to big data adoption.

“It was surprising however to see that one-third of businesses are not considering Big Data solutions – we expect this to change in the near-term as individuals and companies hear more about the transformative benefits that are achievable with big data analytics technology, added Barnekow.

 

Originally published on MIS Asia. Click here to read the original story. Reprinted with permission from IDG.net. Story copyright 2017 International Data Group. All rights reserved.
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