IDC predicts that by 2023, 40% of enterprise intelligence initiatives will be business specific, purpose built for business, shortening the data to decisions time frame by 25%, driving higher agility and resiliency. This is among the top 10 predictions for the India FOI Ecosystem, unveiled in the latest report, IDC FutureScape: Worldwide Future of Intelligence 2022 Predictions – India Implications.
IDC defines Enterprise Intelligence as encompassing four critical elements: the ability to synthesize information, the capacity to learn from the information, the ability to apply those insights at scale, and a data-driven culture. The elements are supported by a technology platform that drives the intelligence.
Enterprises in India are looking to invest in enterprise intelligence initiatives and projects for integrating knowledge specialists with business decision-makers to derive benefits such as improved decision-making, higher knowledge, and efficiency with the goal to drive improved financial, strategic, operational, and service level outcomes.
“The pandemic has highlighted the need to be resilient and Indian enterprises are focusing on becoming Intelligent organizations, by leveraging the power of data. Enterprises must focus on shifting from a “process-driven” mindset to a “data-driven” culture,” says Rishu Sharma, Associate Research Director, Cloud and AI, IDC India.
Below are a few of the India Cloud predictions that would impact the technology buyers and suppliers in 2022 and beyond:
#2 Inter-Company Intelligence: By 2024, 40% of large enterprises in India will be involved in intercompany intelligence sharing based on common standards, values, and goals, strengthening mutualism in ecosystem relationships by 30%.
#3 Automation in Learning: 30% of large organizations will double the use of intelligent automation in knowledge retention, dissemination, and information synthesis by 2027, filling the skills vacuum in the data to insights life cycle.
#6 Business Value First: By 2023, 40% of enterprise intelligence initiatives will be business specific, purpose built for business, shortening the data to decisions time frame by 25%, driving higher agility and resiliency.
“Data is at the heart of the DX journey for any industry or vertical. Indian organizations are realizing the importance of leveraging enterprise intelligence across all domains of business operations as well as enterprise ecosystems to enhance strategic decision-making processes for delivering solutions and services that drive business value,” says Sagnik Das, Senior Market Analyst, Cloud & AI, IDC India.
These predictions are discussed in greater detail in the new IDC FutureScape: Worldwide Future of Intelligence 2022 Predictions — India Implications (IDC # AP48500422). Each year, IDC releases its Top Predictions through its IDC FutureScape reports to give a crystal ball view of what is ahead for the rapidly changing ICT industry. These predictions have been used to shape the strategies and business objectives of technology leaders and business executives in the next 1-5 years. To learn more about the upcoming IDC FutureScape reports, please click HERE.
This report is published as part of IDC’s India Artificial Intelligence and Cloud Ecosystem research that analyzes the evolving cloud and artificial intelligence markets in India. For more information about this report, trends, or questions for analysts, please contact Shivani Anand at email@example.com. You can also follow IDC India’s Twitter and LinkedIn pages for regular updates on IDC’s research & events.
About IDC FutureScape
IDC FutureScape DC FutureScape reports are used to shape IT strategy and planning for the enterprise by providing a basic framework for evaluating IT initiatives in terms of their value to business strategy now and in the foreseeable future. IDC’s FutureScapes are comprised of a set of decision imperatives designed to identify a range of pending issues that CIOs and senior technology professionals will confront within the typical 3-year business planning cycle.
To learn more about IDC FutureScape reports for 2022, please visit: https://www.idc.com/events/futurescape.
International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. With more than 1,200 analysts worldwide, IDC offers global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries. IDC’s analysis and insight helps IT professionals, business executives, and the investment community to make fact-based technology decisions and to achieve their key business objectives. Founded in 1964, IDC is a wholly-owned subsidiary of International Data Group (IDG), the world’s leading tech media, data and marketing services company. To learn more about IDC, please visit www.idc.com. Follow IDC on Twitter at @IDC and LinkedIn. Subscribe to the IDC Blog for industry news and insights: http://bit.ly/IDCBlog_Subscribe.