As businesses have become more engaged in their online journey, driven by the pandemic, they now need to gear up for digital transformation, including the use of cloud and automation, to be agile and competitive plus to thrive in the particular new economy.
Sandra Ng, group vice-president and general manager with regard to Asia-Pacific research at tech market research firm IDC, said businesses are now entering into a new period in which digital acceleration is taking place around the world.
“This is going to be super important for organisations to drive the new digital value creation, ” said Ms Ng.
According to IDC, spending on digital technology by organisations in Asia-Pacific will grow by 3. 5 times the economic climate in 2023, establishing the foundation regarding operational excellence, competitive differentiation and long-term growth.
By 2024, 30% of companies in Asia-Pacific will have a business continuity crisis management strategy that includes continuous intelligence and enables an agile reaction to future economic shocks and disruptions, IDC indicates.
Simply by 2026, 40% of total revenue intended for 2, 000 organisations based in Asia will be generated by digital products, services plus experiences, up from 26% in 2022.
Paul Burton, general manager of IBM Asia-Pacific, highlighted the importance of software, which can respond to the business needs of fast processes in the face of digital change.
Automation can also lead in order to cost reduction amid high inflation where pressure is building up to get higher labour wages, he said.
In accordance to him, businesses and governments need to think holistically about their technology architecture and adapt to the changing world.
Prapussorn Pechkaew, study manager at IDC Thailand, said Asia needs to leverage data to equipment up for electronic transformation.
Many initiatives have now been developed in order to transform Thailand, as the data-driven nation, such as the roll-out of Open Government Data of Asia, a collection of important data through www.data.go.th that can be analysed pertaining to other purposes, she stated.
According to an IDC Asia-Pacific cloud survey in 2021, 92% of Thai organisation respondents mentioned they would increase the use of cloud services in the particular next 12 months, giving a huge opportunity meant for cloud business in the country.
The country’s public cloud service market is usually expected to reach US$1. 7 billion simply by 2025 in a five-year (2020-2025) compound annual growth rate associated with 23. 4%, IDC said.
