03 Mar 2021

IDC Reveals Predictions about Enterprise Intelligence for India in 2021 and Beyond

New Delhi, March 3, 2021International Data Corporation (IDC) has published the document IDC FutureScape: Worldwide Future of Intelligence 2021 Predictions – India Implications that contextualizes Future of Intelligence predictions for 2021. The COVID-19 pandemic has been driving demand for intelligence technologies to enable new ways of working. Leaning on data to understand the insights into business operations, products and services, experiences, and ecosystems is among the top priorities for organizations in India.

"The pandemic has exposed the gaps and shortcomings in analytics and AI/ML models for the Indian organizations. Traditional models based on historic data alone for future decisions are obsolete. Businesses now need to focus on a new framework for decision environments that enables real-time data capture, lower processing times, and accelerates business outcomes, to improve resiliency," says Rishu Sharma, Principal Analyst, Cloud and AI, IDC India.

IDC defines Future of intelligence as an organization's capacity to learn, combined with its ability to synthesize the information it needs in order to learn and to apply the resulting insights at scale. With the proliferation of data, it is critical to transform data into insights, to achieve the full potential of value realization. As a key priority for CXOs in the digital economy IDC believes that the Future of Intelligence will become pivotal for organizations in India as they look to gain insights through a data-driven culture, enabling them to better transform their data into insights. Adoption of intelligent technologies such as AI, analytics, and data management will become paramount for organizations in the new normal, both for internal and external processes.

Some of the key Future of Intelligence (FoI) predictions that would impact the technology buyers and suppliers in India in 2021 and beyond are:

#1 Decision Environments: By 2021, external shocks and resulting uncertainty will drive 25% of India 1000 companies to discard existing decision models and focus on a new framework for decision environments to improve resiliency. 

#6 Collective Intelligence: By 2025, the need to harness collective intelligence of humans, machines at the edge, and endpoint devices will drive 15% of India 1000 companies to invest in swarm intelligence solutions. 

#9 Flexible Resources: By 2024, as 50% of India 1000 companies will embrace flexible data science and engineering talent sources, four-fifths will struggle with visibility into and governance of processes and behavior of these external resources.

"As Indian organizations move towards digitization, the adoption of cognitive capabilities for multiple business processes would pick up the pace and discover new opportunity areas for organizations. Artificial intelligence will have a significant impact on enterprise technology adoption curve as organizations look to process huge data volumes in real-time and stay resilient in uncertain market conditions," says Swapnil Shende, Senior Market Analyst, Artificial Intelligence, IDC India.

These strategic predictions for the India market are presented in full in the following report: IDC FutureScape: Worldwide Future of Intelligence 2021 Predictions – India Implications (# AP47180920 ).

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For more information about this report, please contact Rishu Sharma risharma@idc.com or Swapnil Shende sshende@idc.com . For media queries, please contact Shivani Anand sanand@idc.com . You can also follow IDC India’s Twitter and LinkedIn pages for regular updates.

About IDC FutureScape

IDC FutureScape  reports are used to shape IT strategy and planning for the enterprise by providing a basic framework for evaluating IT initiatives in terms of their value to business strategy now and in the foreseeable future. IDC's FutureScape are comprised of a set of decision imperatives designed to identify a range of pending issues that CIOs and senior technology professionals will confront within the typical three- to five-year business planning cycle.

About IDC

International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. With more than 1,100 analysts worldwide, IDC offers global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries. IDC's analysis and insight helps IT professionals, business executives, and the investment community to make fact-based technology decisions and to achieve their key business objectives. Founded in 1964, IDC is a wholly-owned subsidiary of International Data Group (IDG), the world's leading tech media, data and marketing services company. To learn more about IDC, please visit www.idc.com. Follow IDC on Twitter at @IDC  and LinkedIn. Subscribe to the IDC Blog for industry news and insights: http://bit.ly/IDCBlog_Subscribe.

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Coverage

Regions Covered

India


Topics Covered

Cognitive/artificial intelligence