Indian companies are likely to embrace Big Data Technologies by 2015 according to a survey carried out by business intelligence & data visualisation provider Qlik.
Phillip Beniac, Regional Vice President, Qlik Asia Pacific and Japan, explained, “Despite the relatively low implementation of big data technologies in India today, we have found that more and more companies plan to invest in big data in the near future. India, being a high growth economy, is in a strategic position to leapfrog over other countries in helping companies to adopt technologies that turn raw data into insights.”
21 percent of the 350 executives questioned through the survey said that they had implemented Big Data while 42 percent had plans to invest in big data technologies within the next 12 months.
Vice President Corporate IT and Head Business Solutions at Mahindra Group, Richard de Souza, pointed out that, “Users should be able to derive meaningful data that will help them make the right decisions. It is not enough for a company to mindlessly store away data, what is more important is for us to use it meaningfully. IT departments have already started investing in enterprise data warehouses and legacy solutions; however very soon they will be focusing on investing in the right solutions to analyze Big Data.”
‘Improved understanding of customers, increased revenues and profitability and enhanced productivity’ were the top reasons for implementation of Big Data technologies within Indian firms, according to the survey that was conducted in Mumbai and New Delhi.
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(Image Credit: Deepak Gupta)