New research shows that 94% of respondents confronted with disruptive change, and are under pressure to rethink keeping rhythm
In today's ultra-digital world, in various industries, markets and regions, companies are faced with a new reality to stay competitive. In the rapid development of technology, new competitors enter the market and customers' changing demands of the driver, which requires companies to take action to ensure survival.
Teradata days Rui company commissioned Vanson Bourne conducted a project called "adapt or perish: Ultra digital world in a new reality" survey, summed up the impact of the success of this new global paradigm in business fivedriving forces: the height of subversion, comprehensive digital automated action, analyze trends and cloud enterprise consumerization.
Martyn Etherington, chief marketing officer for Teradata , said: "The new competitors, new business models, changing customer expectations and rapid technological advances, changes in the rhythm of the global market, it is amazing to recognize these changes and take action to adapt and use them for business. critical to the success .Teradata every day to provide customers with this business agility, enabling them to analyze silos across departments and provide unprecedented insight into the various aspects of the business, enabling them to act quickly and maintain a competitive advantage. "
Survey Overview
Highly subversive : All industry enterprises are facing an unprecedented scale highly subversive forces from external and internal forces.
- America, Europe, Middle East and Africa, Japan and China almost all respondents (94%) industries are facing subversion, and are under pressure to rethink the methods and processes in order to keep pace with current market forces.
- The main sources of subversion include:
- Followed by advanced customer needs and dynamic (87%)
- Labor pressure, such as the skills gap, retention rate (85%)
- Competitors and adapt to new business models introduced by start-up company (74%)
- Most (61%) of these companies feel ill-prepared competitors can not solve caused confusion in the market strategically.
Full Digital : Most business leaders believe that digitization can help meet growing customer expectations for fast and personalized interaction, and is to begin this process by improving business operations. While nearly all respondents are carrying out digital transformation, but some people do better than others.
- 99% of respondents are turning to digital service or use / try digital technology to change the business model.
- More than four percent of respondents (41%) said digital work has been extensive, but almost as many (40%) of respondents said digitized exists only certain aspects of the business.
- Only 10% of companies have confirmed that the full realization of a wide range of digital transformation.
- Nearly half (45 percent) of respondents believe that their business needs to improve the management of their data accessibility, which may include many data silos to break the enterprise, that universal access to digital enterprise is critical to become.
Automated Action : make full use of large amounts of data readily available, and use this data to find the toughest business challenges the answer, that is still the goal of most businesses in the comprehensive digital road. For many companies, this requires the use of artificial intelligence (AI), machine learning and automation platform. AI great potential for expansion, as well as the potential to play an important role in the future of the digital transition.
- Respondents across the enterprise with a small number of limited digitized, nearly 60 percent of respondents agreed that their digital initiatives is given to the AI.
- 68% of respondents confirmed AI or ML has now been used in a certain business areas, about one-third of respondents confirm that the pilot is already in progress.
Cloud analysis of trends : to realize AI, must have a strong cloud analytics infrastructure to enable the large-scale AI can run. Although the survey data show that cloud the prospects and role in advancing the data analysis, but the industry in adopting cloud analysis has not yet reached a critical point.
- Respondents in their companies with cloud data analysis workloads, 64% of respondents expect AI to play an important role in next year's overall cloud strategy analysis.
- Despite this enthusiasm, but there are still 61% of companies confirm that 50% or less of data analysis applications and workloads in the cloud.
- Data analysis in the cloud has a workload of more (69%) respondents were worried about their cloud strategy analysis still lags behind other cloud initiatives.
Enterprise Consumerization : One of the many advantages of the cloud is the ability to provide greater simplicity and ease of use for business, this is the key driving force enterprises to adopt. In fact, all more than ever, companies that operational complexity is an issue, and turned to help the consumer in the field of technology to streamline business processes to make them more agile and eliminate the resistance.
- Liu Cheng of the respondents (59%) agree that one of the most pressing problems they face is to make business operations more agile.
- 74% of enterprises also expressed the urgent need to further streamline and improve operations.
Methodology
September 2019, Teradata commissioned an independent market research company Vanson Bourne to the United States, Britain, France, Germany, China and Japan IT and business decision makers in a quantitative study. Respondents from with more than 1000 employees and global annual revenue of more than $ 250 million business. These enterprises include private or listed companies, covering financial services, IT, technology and telecommunications industries. Interviews are conducted through a rigorous multi-stage screening process online, to ensure that only suitable candidates have the opportunity to participate.
