Why India Lack Data Maturity? 70% Cxo Can’t Leverage Data To The Fullest Level?

By Author: TDF
Total Articles: 52
Comment this article

Data is the new currency. But companies in India lack analytical data because of a maturity gap in understanding, utilizing, and collecting data. India is a country that is rich in new businesses but remains very data scarce. This article examines issues around the lack of data in India and what it means for businesses around the world. Topics investigated are how companies should handle their limited data, and the importance of becoming more data literate as there becomes a shortage. Gaining publicity as well as points about globalizing field skills like data science to build core competencies for emerging markets like India.
What the report says
The Deloitte India report on 'Data Maturity in India: The Aspirational Journey' states that Indian organizations lack data maturity. The report also states that organizations are not able to handle and manage data properly. This is because they do not have the required skills and knowledge. They also lack the right tools and technologies.

According to a report released by the Paris-based consulting firm Accel Partners, companies in India lack the data maturity ...
... level necessary to leverage data to its fullest potential. In particular, these companies are struggling to use data for planning, analysis, and decision-making.

Accel Partners defines data maturity as "a set of capabilities that allow organizations to take full advantage of data for their operations." They argue that companies in India need to develop a number of these capabilities in order to be able to effectively utilize data. These include being able to identify and use quality data, understanding how data can be leveraged across different business functions, and developing effective tools for measuring progress.

To know more: https://thedigitalfellow.com/why-india-lack-data-maturity-70-cxo-cant-leverage-data-to-the-fullest-level/