The Microsoft Asia survey - Asia Data Culture Study 2016 - says 68 per cent of domestic businesses already have a digital strategy in place as against 57 per cent elsewhere in Asia who still do not have a full digital strategy.
Also, as much as 74 per cent of domestic companies have invested in training to enhance their employees' data skills.
Respondents were surveyed on their organisations' digital and data strategy, and readiness for the digital economy.
A vast majority of Indian respondents, at 90 per cent feel that the data culture should be driven top-down with a formalised role in the leadership team to drive successful adoption of data strategy. Most business leaders feel that the data culture should be led by the CIO, chief digital officer, and chief data officer.
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On leveraging IoT, domestic business leaders are more focused on smart R&D, followed by security management, and safety monitoring as their top priorities, says the report.
Even though 89 per cent of domestic businesses agree that they need to drive an agile data-driven business, they think their infrastructure capabilities are inadequate. This is expressed by 88 per cent across the continent.
Close to two-thirds (62 per cent) say their data are accessible across mobile devices now, while 67 per cent are confident that their existing data infrastructure is scalable with business growth and 72 per cent use data to predict future trends.
But when it comes to creating an analytical workforce, the local firms with only 77 per cent lag their peers across the continent at 84 per cent who understand the importance of having a data-savvy workforce.