Oct 26, 2020 | San Diego, California

In response to the COVID-19 pandemic, organizations throughout non-public industries have grow to be extra reliant on knowledge and analytics as a strategy to higher perceive and react to the repeatedly altering international enterprise panorama. A brand new analysis report, commissioned by Teradata (NYSE: TDC), and performed by impartial analysis agency Vanson Bourne in September 2020, explores international government sentiment round knowledge analytics and the essential function this asset is prone to play as industries eye the trail to restoration.

 

Belief in Information

The onset of the pandemic ignited a thirst for info that has additionally uncovered how knowledge could be inconclusive, misunderstood and even abused. The weak point and missteps of data-use in response to COVID-19 has resulted in better scrutiny from the top-down round knowledge accuracy and belief, in addition to a priority {that a} lack of cloud assets is impacting decision-making.

• 77% of IT choice makers say knowledge accuracy is below better scrutiny inside their group resulting from how knowledge was utilized in relation to COVID-19. China, at 93%, was most involved in regards to the accuracy of their knowledge, adopted by Germany (80%) and the US (77%).
• Whereas 53% of enterprise leaders total admit belief in knowledge was challenged resulting from COVID-19 knowledge follies, there’s a notable disparity in sentiment when evaluating the US (60%) and the UK (28%).
• Almost half (47%) of enterprise leaders agree decision-making is being hampered amid the present COVID-19 disaster resulting from a scarcity of cloud presence, with 66% of respondents in China feeling the pressure.

Information is Key to Restoration

Historically, organizations have relied on knowledge and analytics to glean insights and higher perceive the repeatedly altering enterprise and expertise panorama. With the total scope of COVID-19’s influence throughout each vertical changing into clearer, enterprise leaders are recognizing the need of scalable, reliable knowledge and are utilizing cloud applied sciences to outlive and adapt in a post-pandemic world.  

• 82% of enterprise leaders at the moment are accelerating selections to maneuver knowledge and key enterprise features to the cloud as a direct results of the pandemic.
• In accordance with 9 out of 10 (90%) respondents, there may be better realization of the rising significance of information within the decision-making course of because the onset of COVID-19.
• Out of the 5 international locations surveyed, China was most targeted on the cloud, with 99% of enterprise leaders accelerating plans to expedite their transfer to the cloud, whereas 59% of enterprise leaders within the UK appeared skeptical.

“COVID-19 has utterly upended the roadmaps of companies throughout each trade, forcing leaders to re-evaluate how they view, use and maximize knowledge to pivot and re-establish the trail ahead,” mentioned Steve McMillan, President and CEO of Teradata. “The businesses that can survive – and finally thrive – would be the ones that notice knowledge is a key asset for restoration and a aggressive benefit to drive the way forward for their enterprise. That is Teradata’s goal – to remodel how companies work and other people reside by means of the ability of information.”

Information is Strategic to Our Future

With restoration on the forefront of enterprise leaders’ minds, knowledge has emerged because the precedence asset for practically all IT choice makers in constructing the muse to make it attainable – and guarantee they’re ready for any future disruptions.

• 88% of IT choice makers view knowledge as a strategic asset to their enterprise, whereas 95% agree knowledge is an important asset and extra importantly, key to restoration and the trail transferring ahead.
• International sentiment about how knowledge will inform future efforts was practically unanimous, with China (100%) being the largest advocates of information and its function in restoration, adopted by the US (97%), Germany and Japan at 93% after which France and the UK at 92%.

Methodology

In September 2020, Teradata commissioned impartial market analysis firm Vanson Bourne to conduct a quantitative analysis examine of IT choice makers throughout the U.S., UK, France, Germany, China and Japan. Respondents had been from organizations with 1,000 workers or extra, and with a world annual income of greater than $250 million, inside non-public sectors together with monetary providers and IT, expertise and telecoms. Interviews had been performed on-line utilizing a rigorous multi-level screening course of to make sure that solely appropriate candidates got the chance to take part.

About Vanson Bourne

Vanson Bourne is an impartial specialist in market analysis for the expertise sector. Their status for strong and credible research-based evaluation, is based upon rigorous analysis ideas and their skill to hunt the opinions of senior choice makers throughout technical and enterprise features, in all enterprise sectors and all main markets. For extra info, go to www.vansonbourne.com.