Today, the value of data goes far beyond its transactional role. The growing demand for data integration and visual analytics has been instrumental in driving the growth of the market. According to one report from AWS, 5 quintillion bytes of data are created every day around the world and internet will contain 165 zettabytes of data by 2025. Further information by Precedence Research, the data analytics market size has accounted at USD 41.39 billion in 2022 and is expected to be worth around USD 346.33 billion in 2030, expanding growth at a CAGR of 30.41% from 2022 to 2030. Specifically in the Asia Pacific market, the growth is estimated to attain 23.5% CAGR from 2022 to 2030.
Data professionals in the APAC region see data and analytics as valuable to digital transformation and future-proofing their business, however, they also realised that the deeper value of data was still untapped. The study conducted by Sisense showed that data transmission (57%), an effective data analysis (58%), and an inadequate risk management system (58%) remain top challenges. Why companies are hesitating to invest in the data-driven business process? In fact, Piyush Gupta, Chief Executive of DBS Bank Singapore mentioned DBS Bank estimates that its AI initiatives in the past year have generated more than USD 110 million in terms of additional revenue and more than USD 18 million from loss prevention and productivity gains. Additionally, he believes the total economic value could top a billion dollars in the next five years. If you don’t infuse the data-driven culture
in your organisation today, you will be left out of the race.
Join us at 5th Annual Data-Driven Enterprise by Trueventus to learn the application and integration of data into various industries and how can it be beneficial for your organisation specially to maximise the ROI as the main business objective. Tune into insights from high-profile subject experts and industry leaders about how can you incorporate a lean streamlined data process throughout your business and in hand gain an advantage in deploying an effective operating layout for a successful business with real-world use-cases and panel discussions.
