Many businesses in India are at low levels of digital maturity, meaning that they are not fully utilizing the potential of digital technologies to enhance their business operations and productivity to drive growth. According to Lenovo, about 87% of businesses in India consider digital infrastructure readiness to be mission-critical or essential for achieving business goals — but only 33% are exceptionally/sufficiently prepared. Approx 48% of Indian businesses are at low levels of digital maturity.
Nigel Lee, Director of Storage – AP at Lenovo ISG, said, “Data innovation acts as a compass for CIOs (chief information officers), providing guidance to unlock new business opportunities and achieve digital success. By harnessing the power of data, companies can gain valuable insights to improve productivity and stay ahead of the competition,”.
Moreover, the Lenovo report shows that Indian businesses are mainly focusing on product and service engineering by 39% and driving competitive differentiation in products and services by 37%.
Approx 97% of CIOs in India plan to boost their data-innovation journey in the next two years.
The report also highlighted that to become digital natives, CIOs will need to accelerate IT modernization and transformation.
“It is interesting to see the majority of CIOs in India committed to accelerating their data innovation journey in the next two years,” said Amit Luthra, MD – India, Lenovo ISG.
As growing deployment options, whether public, private, hybrid cloud, or multiCloud, have led to challenges about data residing in silos, 52% of businesses in India are looking to invest in software-defined storage solutions, followed by 44% in the public cloud for data backup & business continuity, and 42% in data management platform for hybrid/multi-cloud.
The report also said that a Unified Management Platform is key to securing competitive advantage and Indian businesses appear to be lagging, with only 18% managing to reduce multiple Data Management platforms down to a few.
Nearly 50% of businesses in India still use multiple data management systems to independently manage block, file, and object data types with limited data mobility between public and private cloud and edge locations.
Regulatory and compliance necessities, improving resource utilization, and drawing or maintaining talent have become vital business drivers of the sustainability agenda.
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