55% of IT decision-makers surveyed by Foundry for the 2022 Data and Analytics Report plan to increase investment in data-focused initiatives in the next 12-18 months, up from 44% in the previous annual report. Organizations across the globe are prioritizing digital transformation to accelerate efficiency in their processes, bouncing productivity back to new heights. According to the 2022 Foundry Data and Analytics study, organizations that were propelled by the pandemic to implement or pilot test data-driven projects in past years, now have them deployed and are beginning to see the benefits as well as the challenges. This includes the lack of a clearly articulated data strategy, executive buy-in, and especially with finding the appropriate skill sets to glean the most value out of data and analytics tools. However, investment in the data and analytic space continues to increase as it has become vital to remaining competitive in the marketplace. Organizations will spend an average of $12.3 million in the coming year on data-driven initiatives (including software, services, training, consulting, and other related costs). “Organizations understand that the network is the foundation for any digital transformation,” said N Jayantha Prabhu, Business Head (India, MEA & SAARC), Black Box, an Elite […]