KPMG's "Transforming the Enterprise of the Future" report reveals that 76% of senior leaders believe that generative AI, neural networks, and digital twins will significantly enhance the likelihood of transformational success. This highlights the importance of advanced technologies in driving transformation.
However, despite rapid technological advances, only 29% of senior leaders consider their technology foundation readiness very high. Research finds that a lack of resources, skills, or expertise, stakeholder resistance to change, stakeholder and employee resistance, competing business goals, and a lack of funds or an unclear business case limit digital transformation within organisations.
Uniqueness of digital transformation in ASEAN
In South East Asia, unique characteristics drive digital transformation. Lyon Poh, partner, Technology Consulting, KPMG in Singapore, lists down some characteristics unique to ASEAN, including the rise of digital consumers that fuel growth in e-commerce, digital payments, and mobile penetration, citing data from KPMG's Powering Asia's Innovation Economy that around 60 million individuals joined this group in Southeast Asia since the start of the pandemic.
