Expereo’s commissioned IDC InfoBrief, Enterprise Horizons 2024: Technology Leaders’ Priorities on Their Digital Business Journey, reveals that the majority of technology leaders in APAC anticipate moderate (50%) to high (35%) growth in the next 12 months.
However, the study also revealed that only 23% of APAC enterprises have reached full digital maturity, around 32% said they have a short-term focus, and 29% admit that CEOs do not work closely enough with technology leaders despite expressing support for digital initiatives.
Technology leaders consider geopolitical issues (37%), inflation (31%), economic uncertainty (32%), uncontrolled spending by lines of business (33%), and the performance of networks /connectivity globally (30%) to be the most significant risks or inhibitors to their growth ambitions over the next 12 months.
Risk and challenges
Significant challenges to executing the digital initiatives aimed at enabling growth include IT integration complexity (41%), partners’ capabilities (40%), and lack of regional expertise (35%).
Key growth enablers and investments
Growth enablers and initiatives include increased automation (52%), an increased focus on cost containment and efficiencies (49%), and increased innovation (38%).
Artificial Intelligence (AI) is the top technology investment priority (43%), followed by security (39%) and cloud or multi-cloud networking/ connectivity (37%).
Long-term digital strategy
Ben Elms, chief executive officer at Expereo, said organisations need a comprehensive, long-term holistic digital strategy to accelerate digital transformation.
“This strategy must encompass every aspect of the technology stack — from AI/ML, automation, and analytics to cloud performance, security, network visibility, and connectivity. Such a strategic approach is essential for ensuring the performance, agility, and scalability necessary for sustained high growth,” Elms said.
