Tableau Software has released its Asia Pacific Data Readiness Index (DRI) developed together with IDC, a global market intelligence firm. The DRI reveals that leading data-ready organizations produced an average of 90% better business outcomes than laggards.
Despite this, only 20% of businesses are in the leading band with a majority in the developing (66%) and lagging (14%) bands. Hong Kong ranked fifth out of seven markets surveyed in Asia Pacific (APAC). The survey highlights that people-related traits like employee data skills and organization-wide collaboration are seen as key performance drivers. To help organizations navigate the challenges of becoming data ready, Tableau launched its Tableau Blueprint, a strategic framework with concrete plans, recommendations, and guidelines.
More than 700 organizations in APAC were surveyed across five dimensions to determine their state of data readiness and indexed into three bands, leading, developing, and lagging. Data readiness refers to an organization’s capability to make data central to their business through widespread adoption of analytics. Results are published in IDC’s Executive Insights report, Data Readiness: Business Impact for the Digital Era.
Hong Kong prioritizes governance and process
Hong Kong ranks fifth out of seven markets with an average DRI score of 2.67. Most Hong Kong organizations are in the developing band, but the results tend to skew to the lower end. Organizations in Hong Kong prioritise governance and process in their past and future investments, likely a reflection of the market’s financial services focus. The findings also reveal a de-emphasis on people related factors and suggests Hong Kong organizations look at data readiness more holistically and invest in people-related factors.
Overall, Singapore (52%) and Australia (49.5%) have the largest number of organizations leading the way. India has the most organizations that are lagging behind (30%). APAC markets rank as follows on the index:
|Markets||Average DRI score|
Access the full report here.