Large organisations in India could grow their annual business revenue by 13.6% or about Rs 745 crore if they can harness the power of data, as per a study by Amazon Web Services<\/a> (AWS<\/a>).

The
Demystifying Data 2022 report<\/a>, commissioned by AWS and prepared by Deloitte Access Economics<\/a>, surveyed 521 senior business decision-makers in Indian organisations. The report measured their data maturity – the extent to which an organisation uses the data they produce.

“As organisations invest more in digital transformation, it has created an opportunity for greater use of data to improve productivity, generate financial returns for their business, and create a positive impact on the economy. Yet from our research, only 6% of organisations in India have invested in the necessary technology, talent, and processes needed to unlock the full potential of their data,” said Monojit Mazumdar, partner at
Deloitte<\/a>.

“Investing in cloud solutions will help businesses to accelerate their data maturity levels and achieve data driven insights…. To effectively turn data into a business advantage, organisations should have a clear and practical roadmap for advancing on the data maturity ladder, invest in attracting and retaining talent, and leverage the right technology to reap the full benefits.”

AWS also announced the launch of the AWS Data Lab in India, joining a network of labs globally including in Australia, New Zealand, ASEAN, Brazil, Korea, the US and the UK. This program brings together customers and AWS data specialists to solve complex data challenges in tangible ways, using AWS.

“Organisations will also benefit from building internal data analytics skills, which may involve upskilling current staff through on-the-job training and training courses or partnering with organisations. We are pleased to expand the launch of AWS Data Lab in India to help customers in India bridge the data maturity gap and accelerate their data journey on AWS. As organisations in India increase their data maturity, it will transform how they go about solving problems and building customer experiences, which will lead to breakthroughs in all fields including healthcare, e-commerce, and manufacturing operations,” said
Puneet Chandok<\/a>, President of Commercial Business, AWS India & South Asia.

Other findings of the report:<\/strong>
<\/p>

Large organisations in India could grow their annual business revenue by 13.6% or about Rs 745 crore if they can harness the power of data, as per a study by Amazon Web Services<\/a> (AWS<\/a>).

The
Demystifying Data 2022 report<\/a>, commissioned by AWS and prepared by Deloitte Access Economics<\/a>, surveyed 521 senior business decision-makers in Indian organisations. The report measured their data maturity – the extent to which an organisation uses the data they produce.

“As organisations invest more in digital transformation, it has created an opportunity for greater use of data to improve productivity, generate financial returns for their business, and create a positive impact on the economy. Yet from our research, only 6% of organisations in India have invested in the necessary technology, talent, and processes needed to unlock the full potential of their data,” said Monojit Mazumdar, partner at
Deloitte<\/a>.

“Investing in cloud solutions will help businesses to accelerate their data maturity levels and achieve data driven insights…. To effectively turn data into a business advantage, organisations should have a clear and practical roadmap for advancing on the data maturity ladder, invest in attracting and retaining talent, and leverage the right technology to reap the full benefits.”

AWS also announced the launch of the AWS Data Lab in India, joining a network of labs globally including in Australia, New Zealand, ASEAN, Brazil, Korea, the US and the UK. This program brings together customers and AWS data specialists to solve complex data challenges in tangible ways, using AWS.

“Organisations will also benefit from building internal data analytics skills, which may involve upskilling current staff through on-the-job training and training courses or partnering with organisations. We are pleased to expand the launch of AWS Data Lab in India to help customers in India bridge the data maturity gap and accelerate their data journey on AWS. As organisations in India increase their data maturity, it will transform how they go about solving problems and building customer experiences, which will lead to breakthroughs in all fields including healthcare, e-commerce, and manufacturing operations,” said
Puneet Chandok<\/a>, President of Commercial Business, AWS India & South Asia.

Other findings of the report:<\/strong>
<\/p>