With many Asia-Pacific business enterprises still at a nascent stage of digital transformation, they are confronted with the critical challenge of accelerating their digital capabilities or facing irrelevance. Digital transformation might be a priority for businesses, but CIOs implementing a digital transformation strategy are facing new challenges and choices. Competing priorities such as migrating to new platforms such as cloud, supporting global connectivity for mobile platforms and securely managing and making sense of an ever-increasing amount of data, all need their focus.
Delivering for a digital business
According to McKinsey, digital transformation can boost a business’ bottom line by more than 50% over the next five years. If successfully done, accelerating digital capabilities can drive competitive advantage, grow revenue and ultimately increase market share. CIOs know their organisations need more flexibility and agility to succeed and are already taking advantage of cloud-based IT services and applications. But they are struggling to get their infrastructure to deliver the rapid response, easy collaboration and constant innovation the digital business needs.
Next generation networking technologies offer a new way to build and manage networks that are fit for the digital age - more flexible, affordable, easier to manage and secure. Yet the journey to build a network infrastructure that will support today and tomorrow’s cloud business applications is a complex one.
Cloud applications and adoption in Asia Pacific
As enterprises continue to strengthen their technology agenda, the role of public cloud services has also evolved. CIOs are now leveraging public cloud services to drive digital transformation within their firms. Forrester predicts that the public cloud services market in Asia Pacific will grow from US$10 billion in 2015 to US$20 billion in 2018 at a compound annual growth rate (CAGR) of about 24%.
Cloud adoption presents a plethora of challenges for business enterprises in Asia Pacific. According to the Asia Cloud Computing Association’s “Cloud Readiness Index (CRI) 2016,” Hong Kong, Singapore, New Zealand and Australia are recognized above markets such as Germany, the UK and the US, demonstrating the Asian economies’ cloud readiness but their extreme cautiousness in making the jump.
Some of the common challenges faced when adopting cloud include data security, lack of standardization, the need for better-established legal and regulatory frameworks, integration and portability.
How do you get from where you are now, to where you want to be?
There are a range of new networking technologies on the horizon – hybrid networking, Virtual CPE, SD-WAN, NFV and SDN, for example – but plenty of myths as well. Even the definitions of some of these terms aren’t well understood.
And then there’s the questions they raise. Do you really know what applications you are running? Do you understand the policies and regulatory regimes you need to operate under? Do you know how to secure your data and your usage of it?