Confluent, Inc., the data streaming pioneer, unveiled its 2024 Data Streaming Report: Breaking Down the Barriers to Business Agility & Innovation. With 508 IT leaders with experience of data streaming from mid to arge Indian companies, the survey highlights the crucial role data streaming plays in enabling businesses to maximize their data’s potential.
According to the survey, 95% of India’s IT leaders with experience of data streaming reported a remarkable 2-10 times return on investment from their data streaming initiatives, underscoring the critical role of real-time data in India’s digital economy.
This trend not only highlights the importance of data technologies but also signifies India’s proactive approach towards advanced data management and utilization.In a highly dynamic Indian market, responsiveness is the key to unlocking competitive advantage. Slow, inconsistent, outdated, or ungoverned data is detrimental to success because it’s unreliable and can lead to bad decision-making. It’s imperative to leverage continuously streaming data to find insights so organizations can act efficiently and quickly.
“The growing internet penetration throughout India and a stable government are creating numerous opportunities for businesses, and also contributing to the growth of the startup ecosystem in India said Rubal Sahni, Area Vice President and Country Manager for India at Confluent. “Our findings that data streaming is one of the top IT investment priorities for Indian firms echoes the increased demand we have seen for a real-time data streaming infrastructure. Data streaming technologies are delivering exceptional returns. We are dedicated to supporting Indian organizations in their journey, enabling them to leverage their data in real- time and create more value.”