ASEAN business is not keeping up with digital transformation

DIGITAL transformation is something that every board in every region, including ASEAN, is prioritising. It moved from being a key differentiator to an enabler (of innovation) sometime last year, and is now something that is purely driven by customer demand and market forces. Fail to transform and you’ll lose your customers. However, the question is, are businesses in ASEAN prepared to digitally transform? It doesn’t seem like it according to a new study published by Cisco. The team surveyed between 75 and 200 IT executives across the region and found that 47 percent of them didn’t have the budget necessary to build the right digital infrastructure, 43 percent didn’t have the talent necessary to build the solutions needed to go digital, and 42 percent said that existing IT infrastructure was unfit and couldn’t support the next generation of technologies. SEE ALSO: How Singapore is making online shopping even more convenient As a result, although the region is quite optimistic about digital transformation, they’re unable to take the lead. Of course, there’s a difference between priority, focus, and need among each of the countries surveyed — which is apparent in the overall development of certain technologies within the region. Governments in countries such as Singapore, Malaysia, and Thailand, for example, provide a favourable environment for digital transformation to be lead by businesses — which is why big data and analytics, artificial intelligence, and automation technologies have grown so popular in these countries. Thailand leads the region in terms of adoption of artificial intelligence (AI), with 49 percent of businesses interested and investing in the technology. Compared to the ASEAN average of 38 percent, it’s a great victory for Thailand and puts it on the map as an innovator. Given the vast potential of AI, the progress that businesses in Thailand make with the... If you wish to read this full breaking news headline, plus more articles from around Thailand and Asia like, ASEAN business is not keeping up with digital transformation, simply click on 'Read full story' below, but 1st please give us a 'LIKE' or 'SHARE' before you leave. Thank you ASEAN business is not keeping up with digital transformation





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Published By: ASIAN CORRESPONDENT - Thursday, 25 October, 2018



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