Industrial Automation Magazine India

Nearly half (48 percent) of businesses in India at low levels of digital maturity

Published on : Thursday 04-05-2023

97 % CIOs in India to Accelerate Data-Innovation Journey in the next 2 years.

Bangalore, May 3, 2023 – Lenovo has launched its first-ever Smarter Data Management Technology Playbook that captures insights from 550+ CIOs across Asia Pacific. The IDC led report highlights the current state of the data management landscape, digital maturity and readiness of CIOs to meet the data challenges and priorities now and in the future. Commissioned by Lenovo, the IDC study provides critical insights on infrastructure readiness, data innovation, sustainability, and selecting the right storage partner.

Key Highlights:

·        Digital Maturity: Businesses in AP expect 52% revenue to be digitally driven by 2027, but only 39% are at Stage 3/4 of Digital Maturity. Stage 3 or 4 indicates a well-defined multi-year execution roadmap of an organisation. India falls behind with 48% of businesses at Stage 1 of digital maturity. Lack of competitive pressure and cultural resistance to change hinder the transformation journey.

·        Digital Infrastructure Readiness: Majority of AP businesses (84%) consider digital infrastructure to be mission–critical or important for achieving business goals. However, only 38% are exceptionally or sufficiently prepared to maintain standard service levels, security and cost-optimisation during events of unexpected business demands.

Nigel Lee, Director of Storage – AP, Lenovo ISG, said Data innovation acts as a compass for CIOs, 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. Lenovos open, reliable, and secure infrastructure solutions are helping customers modernise their data management infrastructure.

A similar trend is in India, where digital infrastructure is either mission-critical or important for 87% of businesses, but in reality, only 33% are exceptionally/sufficiently prepared. To attain stage 3 or 4 of digital maturity, organisations must leverage future-ready IT driven by Hybrid Cloud platforms to utilise real-time business insights that lead to investment-focused outcomes.

Data-driven innovation is critical for digital success and driving myriad business outcomes. However, lack of cyber resiliency, growing AI/ML workloads and limited data mobility in hybrid cloud impede data innovation.

Of 36% of the organisations in AP that are driving data innovation strategically or fairly strategically, 33% are investing in it to improve supply chain operations. The top two investment priorities for businesses in India are towards product & services engineering by 39% and driving competitive differentiation in products and services by 37%.

97% CIOs in India plan to accelerate their data-innovation journey in the next 2 years. To become digital natives CIOs will need to accelerate IT modernisation and transformation. This also addresses the key challenges around data security and cyber resiliency, the growing mix of AI/ML-powered high-performance, and energy costs to support data explosion.

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. It presents a great opportunity for Lenovo to offer the best of data management systems and solutions to help organisations become digital natives and achieve their investment-focused outcomes.