89% of SG businesses struggle with data proliferation: Dell Technologies

Singapore Business2021-09-02

Businesses are gathering more data than they can analyse; and needs more data than their current capacity. About nine in 10 or 89% of Singapore businesses are being overwhelmed by the proliferation of...

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精彩评论

HappySheep
2021-09-02
HappySheep
[Cry]
JTWealth
2021-09-02
JTWealth
Easier said than done, sg still playing the catch up game, especially the SMEs
Ghuna
2021-09-02
Ghuna
Agree on this, we r too dependent on IT dept.
Linnleo
2021-09-02
Linnleo
Challenges for businesses
- MRRICH:
  Ya
RS142
2021-09-02
RS142
Interesting article

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and needs more data than their current capacity.\nAbout nine in 10 or 89% of Singapore businesses are being overwhelmed by the proliferation of...</p>\n\n<a href=\"https://sbr.com.sg/information-technology/in-focus/89-sg-businesses-struggle-data-proliferation-dell-technologies\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"STI.SI","symbol_name":"富时新加坡海峡指数","start_time":0,"source_url":"https://sbr.com.sg/information-technology/in-focus/89-sg-businesses-struggle-data-proliferation-dell-technologies","article_id":"1156249737","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1156249737","pubTimestamp":1630546355,"columns":[],"sourceInfo":{"source_id":"lsy1618986048053","name":"Singapore Business"},"weMediaInfo":null,"summary":"Businesses are gathering more data than they can analyse; and needs more data than their current cap","collect":0,"end_time":0,"defaultTopTitle":"sbr.com.sg","property":[],"viewcount":null,"language":"en","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"translate_title":"89%的SG业务与数据激增作斗争：戴尔技术","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"STI.SI":0.9},"content_text":"Businesses are gathering more data than they can analyse; and needs more data than their current capacity.\nAbout nine in 10 or 89% of Singapore businesses are being overwhelmed by the proliferation of data and are facing challenges in capturing, analysing and acting on data despite increased spending on IT, according to a report by Dell Technologies.\nThis is 8% higher than the businesses in Asia-Pacific and Japan, it said. Dell Technologies said data has become a burden to businesses due to barriers in Singapore, instead of offering a competitive advantage.\nThese barriers include the constant needing for more data than their current capabilities provide, outdated IT infrastructure, insufficient in-house data science skills, resistance to change from internal teams, and cyberattacks and data loss.\nDell Technologies noted that 72% of businesses in Singapore say they are gathering data faster than they can analyse and use, but 74% said that they constantly need more data than their current capacities.\nIT spending continued to grow rapidly by 116% in the last three years, but 49% of Singapore businesses “still have not come close to realising their digital transformations,” it said.\n“This ‘Data Paradox’ is driven by the volume, velocity, and variety of data overwhelming businesses, technology, people, and processes,” said Andy Sim, vice president and managing director, Singapore, Dell Technologies.\nSim added that the pandemic has created a sense of urgency, with Singapore findings showing “an acute awareness of the need for better data leadership.” Singapore also reports higher gains over both the global and Asia-Pacific in a deeper understanding of existing customers and target audiences and improving employee experience.\nDespite this, many businesses have plans to improve their data infrastructure with 77% intending to deploy machine learning to automate the detection of anomaly data and 60% are planning to improve their data lakes.\n“These plans point to top organisational goals for deploying a data-as-a-service (aaS) management strategy,” said Sim. “53% of Singapore businesses believe that with an aaS model, businesses would no longer be held back by outdated IT infrastructure.”\nWith aaS, 69% of Singapore businesses are eyeing to monetise data and 74% believe that this would allow companies to be more agile. A total of 44% are also doing data modelling to predict changes in customer demands amidst the pandemic.\nSingapore is also leading in terms of data readiness with 55% of Singapore respondents have appointed chief data officer to the Board which is 23% higher than the Asia-Pacific and Japan average.\nDell Technologies recommended businesses to turn their data burden into an advantage by modernising their IT infrastructure, optimising data pipeline, and developing software to deliver “personalised, integrated experiences customers crave.”\nThe Digital Transformation Index involved more than 4,000 decision-makers from 45 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said than done, sg still playing the catch up game, especially the SMEs","listText":"Easier said than done, sg still playing the catch up game, especially the SMEs","text":"Easier said than done, sg still playing the catch up game, especially the SMEs","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/812100005","repostId":1156249737,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":812361126,"gmtCreate":1630553816165,"gmtModify":1631888360637,"author":{"id":"3583465977097611","authorId":"3583465977097611","name":"Ghuna","avatar":"https://static.tigerbbs.com/b2083449d33291e1e0e35b026e7cad96","vip":1,"crmLevel":8,"crmLevelSwitch":0,"idStr":"3583465977097611","authorIdStr":"3583465977097611"},"htmlText":"Agree on this, we r too dependent on IT dept.","listText":"Agree on this, we r too dependent on IT dept.","text":"Agree on 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