Cybersecurity, data privacy main worries for Indian businesses: Dell
New Delhi/Bengaluru: Most business leaders in India regard data privacy and cybersecurity concerns as the biggest barrier to their digital transformation, a new report from Dell Technologies said on Tuesday.
According to the research, 93 per cent of Indian businesses are facing major impediments to digital transformation today. Almost half of Indian business leaders believe they will struggle to meet changing customer demands within five years, according to the report titled "Digital Transformation Index" (DT Index).
Offering insights into the areas where Indian businesses are considering investment to drive their digital transformation, the research showed that regulation or legislative changes and lack of the right in-house skill sets and expertise are the other top concerns for Indian businesses.
The research also indicates that businesses are taking steps to overcome their barriers, along with the threat of being outmaneuvered from more nimble, innovative players.
Close to 75 per cent of Indian businesses -- 19 per cent more than in China -- intend to invest in cybersecurity in the next one to three years, according to the report.
Conducted in collaboration with Intel Corp, the research showed that 67 per cent of Indian businesses intend to invest in IoT (Internet of Things) technologies - 11 per cent more than that of Chinese companies.
While 62 per cent of Indian businesses intend to invest in multi-Cloud (7 per cent more than Chinese firms), 61 per cent of Indian businesses intend to invest in Artificial Intelligence (only one per cent more than companies in China), the findings showed.
For this study, independent research firm Vanson Bourne surveyed 200 business leaders in India from mid to large-size companies to gauge their organisations' place on the Dell Technologies Digital Transformation Index.
The global results of the report, based on 4,600 respondents from 42 countries, will be released in early 2019, Dell Technologies said.