New Delhi, May 1 -- Deriving value from data is arace that businesses cannot afford to lose, whether in India or the rest of the world. Gartner forecasts the spending on analytics software in the country to reach USD 495 million this year, an 18.2 percent increase from 2022.

Data platforms are a crucial element of any enterprise's competitiveness. It connects the organisation's data science teams with the ever-growing amount of data from an increasing variety of traditional and unstructured sources.

Next-generation data platforms provide opportunities for businesses to gain an edge over their competitors. But to do so, business and IT leaders must fully understand what sets them apart from previous generations of data platforms, how it...