Seagate Launches New Data-readiness Index Revealing Impact Across Four Global Industries as 30 Percent of Data Forecasted to be Real-time by 2025

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Press Trust of India NEW DELHI
Last Updated : Dec 03 2018 | 12:40 PM IST

/ -- Leading Market Research Firm Concludes Enterprise to Become World's Data Steward, Healthcare Primed to Become the Fastest Growing Sector
DATCON: evaluating global data readiness by sector
Industries are in various states of readiness and should take action to prepare for, and capitalize on data growth. Using the DATCON index, the study identifies the most pressing initiatives businesses must consider as they approach 2025:
Manufacturing and Financial Services scored the best overall at 3.3 each, representing the greatest use of edge computing in the four industries, with opportunity for blockchain, analytics and AI. Despite its rapid growth, at 2.4, healthcare has room for improvement as well in data readiness. Survey results indicate blockchain will be important for the industry, but nearly 60 percent lack a strategy or have yet to implement any initiative. Media and Entertainment received the lowest DATCON score of 2.0, showing the sector ripe for advanced data technologies; particularly in data security and data management. "We are at the beginning of an era where both data creation and data utilization are forecasted to grow rapidly over the next decade. While some industries are more prepared for digital transformation than others, all businesses need to be ready to act on a solid digital strategy in order to be successful in the data age," said Dave Mosley, Seagate's Chief Executive Officer. "Data technologies are becoming central for productivity expansion, data monetization and value-creation. We are excited to be part of this transformation and be a strong supporter to enable these opportunities for the years to come."

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First Published: Dec 03 2018 | 12:40 PM IST

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