CIO India: Anurag Bhatia - Rethinking the operating model: Data as a strategic enabler for growth
May 06, 2021In an economy turned upside down by the pandemic crisis, organizations are seeking any opportunity for growth. The way ahead lies in rethinking their operating models to make strategic use of a golden opportunity already in their hands – data.
Surprisingly, 68% of data available to companies remains unused. Imagine the potential for business transformation residing in unstructured, hidden or unused data. Covid-19 precipitated a jump of around five years in digital adoption in just a few months, opening up access for businesses to the necessary technology to tap into these data sets. As McKinsey has predicted, post-Covid economic recovery will be digitally-led and largely reliant on the optimum use of data.
I’d go a step further and say that recovery will be insight-led, as the pandemic has forced businesses to pay more attention to their data.
