Asia/Pacific is undergoing a new phase of digital transformation, with organizations using digital technology to compete in today’s fast-paced landscape. By 2027, Asia/ Pacific CEOs expect to increase their digital revenue share to an average of 43%, up from 26% in 2022. After the pandemic, organizations unanimously recognize the value of digital technologies in business. IDC’s research shows that between 2021 and 2022, organizations achieved business improvements of 20% to 29% in revenue, profits, and cost savings due to their digital investments. As such, IDC’s Future Enterprise Resiliency and Spending Survey in January 2023 shows that 87% of organizations have adopted digital-first strategies and are in various stages of transformation to become digital businesses.

At the same time, business and technology leaders face rising levels of uncertainty, complexity, and ambiguity. There are various externalities that organizations must adapt to, including changes in environmental regulations, inflationary pressures, disruptions in supply chains, cybersecurity threats, health/pandemic concerns, talent skill gaps, and geopolitical risks, among others. Against these forces, IDC’s C-Suite Survey 2022 shows that operational efficiency, cost reduction, and profitability are top of mind for Asia/Pacific business and technology leaders.