This Big Data and Analytics (BDA) MaturiyScape assessment study was commissioned by MDeC to understand the current maturity of the BDA adoption in seven selected industries in Malaysia. This study was a continuation of the BDA MaturityScape assessment done in 2014 by IDC.
In this study, IDC provided an analysis of BDA maturity in Malaysia compared to the APeJ (Asia Pacific excluding Japan) in five key dimensions – Intent, People, Process, Technology and Data/Metrics. This study was conducted across various industries including Communications/Media, Financial Services, Manufacturing & Construction & Resources, Public Sector, Services/Utilities, Transportation and Wholesale/Retail.
The fieldwork found that Malaysian organizations have progressed within the Ad-hoc stage (experimental, silo-ed proofs-of-concept, undefined processes) in IDC’s Big Data Analytics MaturityScape (Stage 1 out of 5), but they still lag behind leading countries like Singapore, Australia and Hong Kong in the APeJ region.
Malaysia moves up the maturity curve and edges India out in the 2015 APeJ Big Data & Analytics maturity survey
Many organizations are just starting their BDA initiatives or have just deployed BDA solutions recently. Communications/Media, Services/Utilities and Wholesale/Retail lead in terms of BDA maturity.
At the same time, the demand for BDA talent is growing. In particular, data analysts, data scientists and data engineers/architects positions will grow the most. Advanced analytics, storytelling and data visualization and unstructured data analytics skills are in high demand.
In order to continue driving Malaysian organizations to move up the BDA maturity curve, the study recommends the following:
Continued Efforts: Efforts to drive BDA initiatives have started to see progress, but continued efforts are necessary to drive Malaysia towards a leading BDA regional player.
Talent and Data Focus: People dimension (skills, culture and organizational structure) is maturing, but the lack of talent and data-driven culture will still be an inhibitor to BDA adoption in Malaysia. Integration of multiple high-value, high-quality data sources will also be crucial for organizations to move to the next level of maturity.
Industry Needs Differ: Different industries require different areas of support. For example, the Transportation industry, which is the least mature, need to first focus on the Intent dimension (strategy, budgets, sponsorship, justifications and performance metrics). Guidance and industry-specific business case sharing will be beneficial to these organizations.