Digital Transformation in Asia: Leading the Digitization Wave
By Stanimira Koleva, CIO, Software AG, Asia Pacific & Japan
Digital transformation has been one of the biggest trends across the globe in 2015 and Asia is set to be on the forefront of this digital wave in 2016. With 8.6 billion connected devices and a robust digital infrastructure, most countries in Asia are on their way toimplementing initiatives thatmake the most of the opportunities arising from digital transformation.
Digitization is quickly becoming organizations’ top priorityand it is no longer just CIOs but C-Levels across all business functions,who are striving for digital change. Digital Transformation, Co-innovation, Unifying Business Silosand Data analytics are some of the key trends that will shape both the IT and business landscapes in Asia in 2016.
# Digital will become core part of every business strategy
C-Levelsare increasingly becoming aware that adoption of digital channels can lead to increased revenue generation.
By 2017, 60 percent of the Asia Pacific top 1000 enterprises are predicted to have digital transformation at the center of their corporate strategy. Today, being digital is the key driver for growth, therefore, enterprises will continue on their path towards digitization in 2016.
#Integration will unify business silos
To successfully overcome the digital disruption, businesseswill aim to integrate business processes and applications into a platform to break the ‘silo effect’ and to provide a better customer experience on multiple touch points.C-levels across Asia are realizing business process integration as a critical factor in order to succeed and should be implemented across all functions.
# Co-innovation will be the key to achieve success
Apart from business silos and making smart decision in digitization, keeping up with evolving technology and changing market demands will also be on business leaders’ list. Mastering digitization is not a one- off process; hence working hand in hand with the right partners in a co-innovation collaborative manner will also be highly imperative for enterprises to succeed in their digital journey.
# Investing in Data Analytics will bring tremendous benefits
More and more organizations will also look how this deluge of data coming from various digital channels and devices can help them gain actionable insights to stayahead of the competition.As the Internet of Things and wearable devices will become more prominent, there will be more insightful data leading to new opportunities for enterprises to tap into.
Defining the digital destiny:
Be the Digital WinnerSoftware AG foreseestremendous business opportunities arising in 2016 forthe emerging Asian markets. Enterprises will need to act quickly to capitalize on these opportunities by choosing the right business-technology mix. With the evolving digital landscape, enterprises should also learn how to standardize their process architecture and focus on unique technology solutions that can give them a competitive edge over other players in the market.