Tableau Software has released the results of its Asia Pacific Data Readiness Index (DRI) developed together with IDC. The DRI reveals that leading data-ready organizations in the Asia Pacific (APAC) produced an average of 90% better business outcomes than stragglers.
Despite this, only 20% of businesses are in the leading band with a majority in the developing (66%) and lagging (14%) bands. In contrast, Australian organizations have experienced greater business improvements compared to the regional average and almost half are in the leading band.
The survey highlights that people-related traits like employee data skills and organization-wide collaboration are seen as key performance drivers. Data readiness states to an organization’s capability to make data central to their business through the widespread adoption of analytics.
Mac Bryla, Tableau APAC technology evangelist said, “Australian organizations are at the forefront of leveraging data to drive innovation in APAC”. According to the survey, Australia is one of the most data-ready markets in the region and organizations are outperforming the average scores in all five dimensions.
Australian organizations are developing a cycle of innovation and strong business improvements are encouraging continued investment in data and analytics initiatives. Australian organizations should leverage technology and adopt an integrated model for data governance to sustain their innovation and drive growth.