Data for Humanity

Looking at organisations with revenues of $500 million or more, new research from Lenovo explores the potential of large businesses to use their influence for good. These companies believe collaborative data sharing and analytics will play a fundamental role in addressing global crises – which is why over half are now planning to increase their investment in data storage and artificial intelligence (AI).

In a survey of 600 business executives across 10 industries and five countries, Lenovo learned that the average company anticipates that their investment in data technologies and data-ledinitiatives will increase their revenues by 50% over the next five years. This equates to an additional $1.5 billion per company over that period. However, when this finding is applied to the top 100 listed firms in each country surveyed it translates to $8.5 trillion in additional revenues globally by 2027. These figures are particularly striking because the research was conducted during a period of economic uncertainty and widespread predictions of a global recession.