48% of businesses in India at low levels of digital maturity: Report

Nearly half (48%) of companies in India are at low ranges of digital maturity, a brand new report mentioned on Wednesday.

According to world know-how model Lenovo, about 87% of Indian companies contemplate digital infrastructure readiness to be mission-critical or vital for reaching business objectives — however solely 33% are exceptionally/sufficiently ready.

“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,” mentioned Nigel Lee, Director of Storage – AP, Lenovo ISG.

Moreover, the report talked about that the highest two funding priorities for companies in India are in direction of product and providers engineering by 39% and driving aggressive differentiation in services by 37%.

About 97% of CIOs in India plan to speed up their data-innovation journey within the subsequent two years.

To change into digital natives CIOs might want to speed up IT modernisation and transformation, the report mentioned.

“It is interesting to see the majority of CIOs in India committed to accelerating their data innovation journey in the next two years,” mentioned Amit Luthra, MD – India, Lenovo ISG.As rising deployment choices, whether or not public, non-public, hybrid, or multi-Cloud, have led to challenges round knowledge residing in silos, greater than half (52%) of companies in India need to spend money on software-defined storage options, adopted by 44% within the public cloud for knowledge backup & business continuity, and 42% in knowledge administration platform for hybrid/multi-cloud.

Further, the report acknowledged {that a} Unified Management Platform is essential to securing aggressive benefit and companies in India look like lagging with solely 18% managing to cut back a number of Data Management platforms down to some.

Nearly 50% of companies nonetheless use a number of knowledge administration techniques to independently handle block, file, and object knowledge varieties with restricted knowledge mobility between private and non-private cloud, and edge places.

The sustainability wave is powerful in India, with 94% of companies together with it of their business agenda, in line with the report.

Regulatory and compliance necessities, bettering useful resource utilisation, and attracting or retaining expertise have change into key business drivers of the sustainability agenda.

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