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Data analytics helps enterprises use digital technologies better: Infosys
Bengaluru, Dec 4 (IANS) Data analytics is becoming core to adopting digital technologies for enterprises to enhance their customer experiences and mitigate risk, said software major Infosys in a research study on Tuesday.
“Enterprises are deploying data analytics to enhance customer experiences and mitigate risk. Hence, analytics is becoming core to driving digital transformation,” said the city-based company in a research study conducted by its Infosys Knowledge Institute.
The study revealed that allied technologies like Artificial Intelligence (AI), Internet of Things (IoT) and Cloud were effective in delivering business outcomes when combined with data analytics.
Titled “Endless possibilities with data: Navigate from now to your next”, the study found that functions across an organisation were benefiting from data.
Finance and accounting, marketing and operations are key functions that leverage data analytics, which also enable new business models and maximize revenue and profits.
Among industry verticals, finance and accounting use analytics the most at 32 per cent, followed by marketing and operations at 20 per cent and 17 per cent.
“In terms of emerging technologies, AI is perceived to deliver better outcomes when combined with analytics at 37 per cent, followed by IoT and Cloud Technologies at 19 per cent and 16 per cent respectively,” said the study.
Admitting that enterprises across verticals faced challenges that prevented them from implementing their analytics initiatives fully, the study found lack of expertise in integrating multiple data sets and failure of understanding in deploying the right analysis technology, hampering its early adoption.
“Majority of respondents in the US (32 per cent) and Europe (34 per cent) stated they would like to use analytics for experience enhancement whereas in ANZ (Australia and New Zealand) 31 per cent respondents consider it for risk mitigation.
According to company’s data analytics head H.C. Satish, being data native is core for enterprises to being digital. As enterprises work with limitations of soiled systems, data integration issues, resources and skills and harnessing the data will be essential to navigating their next.
“Revenue and profit maximization through channel and enhancing profitability across processes, channels and stakeholder ecosystems are the analytics priority,” said the paper.
The $11-billion outsourcing firm believed the study would help its clients to fast-track their journey into a data-native enterprise by industrializing their analytics capabilities and finally monetize data.
The IT major commissioned market research firm Feedback Business Consulting to study how companies are using data analytics and their expectations.
The study involved interviewing business and technology executives from enterprises with annual revenues over $1 billion and more than 1,000 employees across 12 industry verticals in Australia, Europe, New Zealand and the US.
–IANS
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Dr. Abhishek Verma Dedicates a Shelter in Memory of His Mother, Veena Verma, at KGMU; Inaugurated by Daughter Nicolle Verma
World-renowned business tycoon Dr. Abhishek Verma has supported Foodman Vishal Singh’s Hunger-Free World mission. In memory of his mother, Late Veena Verma, who was a 3 term Rajya Sabha MP.
Dr. Verma dedicated a state-of-the-art free permanent shelter for the attendants of patients at KGMU Medical University, Lucknow, under the aegis of Vijay Shree Foundation. His daughter, Nicolle Verma, inaugurated the shelter.
During the event, Foodman Vishal Singh honored Nicolle Verma by presenting her with a memento. Mrs. Nidhi Sharma and Avantika Yadav, associated with the organization, welcomed her with garlands. Following this, Nicolle Verma distributed essential items to the attendants and also handed out fruits. She became emotional remembering her grandmother on her birth anniversary.
On this occasion, she also inaugurated the “Veena Verma Sevalaya” in memory of her grandmother, Veena Verma, to serve the attendants. She expressed, “I feel proud that my family is engaged in nation-building as well as social service. Today, in collaboration with Vijay Shree Foundation founder Foodman Vishal Singh Ji, I feel immensely proud to dedicate this shelter for the poor, helpless, and needy attendants of patients battling serious illnesses like cancer. I am honored to be associated with the Hunger-Free World Mission for humanity.”
Inspired by the continuous humanitarian service provided by Vijay Shree Foundation over the past 17 years, Nicolle Verma donated 10 lakh rupees to support the cause. The purpose of this donation is to ensure that services continue for the needy attendants of patients suffering from severe illnesses in hospitals, as facilitated by Foodman Vishal Singh.
It is noteworthy that Dr. Abhishek Verma’s family has a legacy of public and philanthropic service. They are helping millions to carry forward the values and service work of their parents. On the occasion of his mother’s birth anniversary, Dr. Abhishek Verma dedicated this state-of-the-art permanent shelter at Lucknow Medical College to serve the attendants of patients through the Vijay Shree Foundation.
Supporting Foodman Vishal Singh’s Hunger-Free World mission, Dr. Abhishek Verma assured that he would continually support keeping this flame of humanity alive. He also promised to assist in providing medicines to the helpless patients.
Continuing her grandmother’s legacy of service, Nicolle Verma personally served food to the needy patients and attendants. She said, “It is our good fortune to have received the joy of doing this noble work today through Foodman Vishal Singh. I have taken another step forward in carrying my family’s values and cooperation by joining hands with the Vijay Shree Foundation. My father taught me to serve and help the needy, and I feel happy when I bring a smile to someone’s face.”
On the birth anniversary of the late Veena Verma, the event organizer, Vijay Shree Foundation founder Foodman Vishal Singh, said, “We feel proud and happy that Dr. Abhishek Verma, a globally renowned business tycoon, has extended his support to uplift our country from the hunger index. Today, on his mother’s birth anniversary, he inaugurated a state-of-the-art permanent shelter at Lucknow Medical College, which will always be helpful for the needy attendants of patients. It is a pleasure for me and the organization to receive the affection of Mr. Verma.”
The event was attended by General Manager Verma Family Office Hemant Garg, Sonu Rajput, and the organization’s volunteers, including Sandeep Singh, Parmeshwar Ji, Prashant Rao Gautam, Balram Singh, Ramesh Chaudhary, Suman, Jeetu, Anil, Suraj, Vinay, Manish Bhadauria, Manas Mehrotra, Vivek, Apurv, Happy, and others.