Story image

Big Data and Analytics readiness: APAC 'mature'

20 Jun 2016

Organisations across the Asia Pacific (excluding Japan) region are fast progressing their Big Data and Analytics readiness, with analyst firm IDC reporting a five-fold increase of APAC organisations reaching more mature stages.

According to IDC, APAC organisations are fast maturing in their capabilities to leverage BDA technologies, with 34% even progressing to more mature stages like repeatable and managed stage. This is close to a five-fold increase compared to only 7% in 2014.

“At the repeatable and managed stages, organisations begun to realise the business value of their BDA investment, and some created new product and services to bring in new revenue streams,” explains Qiao Li, senior market analyst, Big Data and Analytics Research.

However, more than 65% of organisations in the region remain at the first two stages and take an ad hoc or opportunistic approach, says Li.

“This majority has just started their BDA journey, learning and experimenting BDA technologies to address business challenges.”

According to IDC, data-rich industries like financial services, communications and media, and services (including internet companies) are leading in cross-divisional adoption and capitalisation of their data assets.

Countries differ in maturity progression. Korea is one of the fastest-growing countries in terms of BDA maturity, moving ahead of Singapore. On the other hand, Hong Kong has progressed the least in the past year. This year, Australia, New Zealand, Korea and Singapore are leading in BDA maturity in Asia Pacific (excluding Japan), followed by Hong Kong, China, Taiwan and India. Emerging ASEAN countries remain as the starters in the maturity curve.

Key Differentiators for Thrivers

The MaturityScape Benchmark assesses organisations in five dimensions – vision, data, technology, people and process. Vision appears to be the most mature, IDC says.

Organisations are setting up BDA strategies, but many have yet to implement solutions and build up internal capabilities to operationalise data-driven processes. IDC recommends for organisations to take a balanced approach when investing in BDA dimensions.

According to IDC, organisations who achieved success with their big data and analytics initiatives displayed the following traits:

• Established a BDA strategy and data-driven culture across the enterprise

• Data quality governed by centralised processes, metrics and methods

• A central architecture board governed all BDA deployments

• Collaboration process in place among staff to share relevant data, metrics, and best practices

• Data management and analysis process are defined, measured, and managed based on clearly understood metrics

"Availability of skilled resources is a common roadblock to BDA initiatives among APEJ organisations,” says Chwee Chua, AVP, Analytics, Big Data and Cognitive Systems research in IDC Asia/Pacific.

“Organisations can consider looking to develop internally on BDA skills through sharing resources, training, and partnering with service providers.

“It will be crucial to establish a data-driven culture and encourage knowledge sharing to develop internal capabilities," Chua says.

Five things MSPs need to keep in mind in 2019
A Datto APAC channel exec outlines the most important factors for MSP to being paying attention to in the coming year.
VMware allures APJ channel veteran to take the reins
Balasingam will take on the role of vice president for VMware’s partner business in Asia Pacific and Japan (APJ).
Better data management: Whose job is it?
An Experian executive’s practical advice on how to structure data-management roles within a modern business environment.
Platform9 and Intersect partner to bring unified cloud to A/NZ
“For Intersect, Platform9 represents the single most strategic solution to a set of challenges we see expanding across the board."
Gartner: AI to reduce project management workload
80% of the work performed project management teams will be taken over by AI by 2030, starting this year.
Microsoft Teams’ eight new and upcoming features
After taking Best in Show at Enterprise Connect, Microsoft Teams will be seeing eight new capabilities over 2019.
IDC: NZ's PC market surprise growth will not last
Despite the growth witnessed at the end of 2018, IDC predicts that New Zealand’s traditional PC market in 2019 will decline by -4.4% YoY.
OutSystems and Boncode team up for better code analysis
The Boncode and OutSystems alliance aims to help organisations to build fast and feel comfortable that the work they're delivering is at peak quality levels.