HONG KONG: The vast majority (94%) of retailers and manufacturers in China, Hong Kong and Singapore already have plans in place to deploy two or more disruptive technologies to accelerate digital transformation and boost competitiveness.
That is the headline finding from a survey of more than 300 senior executives and IT decision-makers across the region that was conducted by NTT Communications and IDG Connect.
These executives represented large organisations numbering between 250 and 3,000 staff and they provided insight into just how far new technologies, such as the internet of things (IoT) and 3D printing, are influencing business decisions in Asia.
The survey, The Digital Silk Road to Success, revealed that IoT (60%) and big data analytics (58%) were the most widely adopted technologies among respondents.
And although organisations have been slower to adopt artificial intelligence, smart robotics and 3D printing, nonetheless more than 60% indicated they planned to deploy one or more of these technologies in the next 12 months.
That is despite half (50%) of these organisations identifying a series of challenges that hold them back, such as stringent data security and compliance regulations, legacy IT and the complexity involved in sourcing suitable technology and suppliers.
The survey also revealed that more than 60% of respondents will choose to outsource transformation projects to reduce deployment time and cost, as long as the supplier has the expertise and capability to provide cross-platform support.
Encouragingly, the survey also found that nearly 80% of these executives were generally positive about the outlook for business over the next 12 months.
"Asian companies have extensively applied IoT and big data to capture real-time business intelligence from all the touchpoints, and overcome business blind spots in the ecosystem," said Raymond Ng, VP, Vertical Solutions at NTT Com Asia.
"Though combining IoT and big data is far from new, it is the recent extensive application of these disruptive technologies that is proving to be a game changer for the supply chain," he added.
Data sourced from NTT Communications; additional content by Warc staff