New Research Shows Data Collaboration Is Fundamental To Tackle Humanitarian Challenges
Lenovo News, December 8th, 2022
New Lenovo study shows businesses are set to invest an average of $3 million in data technologies to help balance profit and purpose
Lenovo announces the results of the 'Data for Humanity' report, which cites a collaborative approach to data as fundamental to improving global stability and security. The research shared today indicates that companies successfully using data across several business areas are more likely than others to be taking action against humanitarian challenges.
This same group, dubbed Data Leaders, are already benefitting financially too, with over three-quarters (78%) having increased their revenues over the past 12 months, compared to only half (50%) of those not fully harnessing their data. With an expectation to increase their revenues by 50%, the study also finds that companies will invest an average of $3million in data technology and initiatives over the next 12 months. But while profit is undoubtedly important in these turbulent times, purpose is equally front of mind for business leaders.