Technology advancements have ushered in the 4th Industrial Revolution, where cutting-edge technologies such as the Internet of Things (IoT), artificial intelligence (AI), advanced data analytics, and mixed reality are powered by cloud computing to create limitless possibilities in transforming the way people work, live and play. This revolution, together with rapid urbanization, the emergence of the millennial workforce and a fragile global economic climate, is ushering societal and economic changes at an unprecedented pace.
The Microsoft Asia Digital Transformation Study surveyed 1,494 business leaders from Asia Pacific working in organizations with more than 250 employees from 13 Asia Pacific markets: Australia, China, Hong Kong, Indonesia, India, Japan, Korea, Malaysia, New Zealand, Philippines, Singapore, Taiwan, and Thailand. All respondents were pre-qualified as being involved in shaping their organizations’ digital strategy.
- Engage customers
- Empower employees
- Optimize operations
- Transform products & business models
Key findings about challenges
- Increasing security threats
- Lack of digitally skilled workforce
- Lack of supporting government policies and ICT infrastructure
- Uncertain economic environment
- Lack of leadership skills