Oct 26, 2020 | San Diego, California

In response to the COVID-19 pandemic, organizations throughout personal industries have change into extra reliant on knowledge and analytics as a technique to higher perceive and react to the constantly altering world enterprise panorama. A brand new analysis report, commissioned by Teradata (NYSE: TDC), and performed by unbiased analysis agency Vanson Bourne in September 2020, explores world government sentiment round knowledge analytics and the essential position this asset is prone to play as industries eye the trail to restoration.

Belief in Knowledge

The onset of the pandemic ignited a thirst for data that has additionally uncovered how knowledge may be inconclusive, misunderstood and even abused. The weak spot and missteps of data-use in response to COVID-19 has resulted in higher 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 determination makers say knowledge accuracy is below higher scrutiny inside their group because of how knowledge was utilized in relation to COVID-19. China, at 93%, was most involved concerning the accuracy of their knowledge, adopted by Germany (80%) and the US (77%).
• Whereas 53% of enterprise leaders general admit belief in knowledge was challenged because of COVID-19 knowledge follies, there’s a notable disparity in sentiment when evaluating the US (60%) and the UK (28%).
• Practically half (47%) of enterprise leaders agree decision-making is being hampered amid the present COVID-19 disaster because of a scarcity of cloud presence, with 66% of respondents in China feeling the pressure.

Knowledge is Key to Restoration

Historically, organizations have relied on knowledge and analytics to glean insights and higher perceive the constantly altering enterprise and know-how panorama. With the complete scope of COVID-19’s affect throughout each vertical turning 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 are actually accelerating selections to maneuver knowledge and key enterprise capabilities to the cloud as a direct results of the pandemic.
• In keeping with 9 out of 10 (90%) respondents, there may be higher realization of the rising significance of information within the decision-making course of for the reason that 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 business, 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 may survive – and finally thrive – would be the ones that understand knowledge is a key asset for restoration and a aggressive benefit to drive the way forward for their enterprise. That is Teradata’s function – to remodel how companies work and folks dwell by way of the ability of information.”

Knowledge 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 determination makers in constructing the inspiration to make it doable – and guarantee they’re ready for any future disruptions.

• 88% of IT determination 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 shifting ahead.
• World sentiment about how knowledge will inform future efforts was practically unanimous, with China (100%) being the most important advocates of information and its position 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 unbiased market analysis firm Vanson Bourne to conduct a quantitative analysis research of IT determination makers throughout the U.S., UK, France, Germany, China and Japan. Respondents had been from organizations with 1,000 staff or extra, and with a world annual income of greater than $250 million, inside personal sectors together with monetary providers and IT, know-how 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 unbiased specialist in market analysis for the know-how sector. Their fame for sturdy and credible research-based evaluation, is based upon rigorous analysis ideas and their skill to hunt the opinions of senior determination makers throughout technical and enterprise capabilities, in all enterprise sectors and all main markets. For extra data, go to www.vansonbourne.com.