Report suggests Indian companies are failing to get full value from their data due to departmental approaches to data management
Findings validate Commvault’s view that organizations across Asia Pacific and India will struggle to realize business value of key data assets without a holistic data management strategy in place.
The two biggest data management challenges for Indian organizations are demand for efficient data retrieval and budgetary pressures. Data is spread across different departments and locations on-premise, in third-party data centers and in highly-virtualized environments. Key data management processes are often not well defined managed or measured, leading to C-level concerns.
Solutions that can enable end-to-end management, protection and access of all data assets are highly considered by CIOs in Asia Pacific, and support the adoption interest on a global scale.
Commvault, a leader in enterprise data protection and information management, has announced findings from a new IDC survey and whitepaper which suggest that data silos within organizations in India are limiting the ability to make insight-based decisions. The lack of formal strategy in data management is more prevalent in India compared to other countries.
Commvault commissioned IDC to survey 600 IT decision makers across Asia Pacific and India to better understand how they can leverage data as a strategic asset, while minimizing associated costs and risks.
The findings, specifically around how disparate data management leads to increased costs and risk, echo the overarching concerns of CIOs globally. CIOs are in a prime position to prevent such issues and deploy the necessary solutions to set their organizations up for data management success.
Key findings of the IDC survey include:
28% of IT decision makers across India report that backup, recovery, data protection and analytics strategies are still managed at a departmental level. 18% indicated there was no formal strategy at all, significantly higher than the rest of the region.
The top two data management challenges for India include demand for easier and faster data retrieval (78%) and budgetary pressures (70%), which was ranked by APAC as a whole as the 4th challenge, indicating a priority for cost reduction among IT leaders in India.
38% of IT decision makers in India cited security as a major issue of data silos, compared to an average of 29% across APAC.
17% of IT decision makers in India stated that data silos hinder decision making due to poor quality information.
IT burden in India is a concern with nearly 26% of respondents indicating that their IT team spends a substantial amount of time assisting with document/file retrieval for end users.
Cloud remains among the top investment areas for IT; however the key challenge when moving data to the cloud is ensuring secure and real-time synchronization of confidential and business critical data to improve efficiency (APAC 21%).
According to Mr Ramesh Mamgain, Commvault’s Area Vice President for India and SAARC, the report findings validate the necessity for speed and scale when it comes to managing business critical information.
“CIOs around the world face a common problem: their data management silos are creating bottlenecks that result in missed opportunities and prevent organizations from achieving the full value of their data as a powerful, strategic asset,” says
Mr Mamgain, “By taking a more integrated approach to data management, they are able to more easily leverage new and more open technology like the cloud, while increasing information security.”
The issues of data silos are highlighted by the shift towards what IDC calls the “3rd Platform,” where businesses are increasingly focused on taking holistic views of their data in order to effectively make informed business decisions. The 3rd Platform approach presents significant opportunities for businesses to drive future growth and innovation and reinforces the risks in the departmental approach to data management.
Mr Daniel-Zoe Jimenez, Senior Program Manager, Big Data, Analytics, Enterprise Applications & Social from IDC says, “In the 3rd Platform era, becoming a data-driven organization is no longer a choice, but a necessity. Making decisions based on data-driven approaches not only increases the accuracy of results, but also provides consistency in how the results are interpreted and fed back into the business. This necessary shift in the way data is stored, managed and analyzed requires organizations to move from departmental (or siloed) approaches when managing their data assets to an integrated data-driven culture.”
The survey and whitepaper, entitled “The Data-Driven Organization: Unlocking Greater Value from Data and Minimising its Associated Costs and Risks,” covered 10 countries: Australia, New Zealand, China, Hong Kong, Korea, Singapore, Malaysia, Thailand, Indonesia and India.
To download the survey and whitepaper, please visit: http://connectus.commvault.com/LP=1613