Data gradually turning into oil fuelling success of businesses

While some organisations are starting to make data-driven decisions, there's still a long way to go, the research reveals. FILE PHOTO | NMG

Data is becoming an integral driver of the economy and our overall daily lives. In tech circles, it is regarded as the ‘modern oil’ that when well processed, fuels corporates growth in a fast-changing digital economic environment.

A new report on the state of data and analytics in Middle East and Africa (MEA) in 2020, explores how data leaders design business objectives, the changing role of the chief data analytics officer (CDAO) and hurdles holding back corporates.

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Note: The results are not exact but very close to the actual.