Asia is fast becoming the center of digital innovation for the world. The region accounts for half of the world’s total 2.8 billion Internet users, and it is already the largest regional e-commerce market.
By 2025, today’s fast-changing technologies — including the mobile Internet, the Internet of Things, cloud technology, 3-D printing and advanced robotics — are expected to lead to 30% GDP growth in Southeast Asia alone, 20% to 30% GDP growth in India, and up to 22% GDP growth in China.
As Asia emerges as the the potential center of digital transformation, Fortune 1000 companies can’t ignore the lessons that can be learned from their first-hand experience.
Asia’s Digital Myth Busters
I invite you to read first-hand the detailed research study conducted by my team at the Center for the Future of Work. The research we conducted focused on more than 300 business and technology executives across Australia, New Zealand, India, China, Hong Kong, Indonesia, Malaysia and Singapore.
Based on what we’ve learned, digital transformation is generating new levels of value for companies throughout the Asia-Pacific, at rates much faster than in first-world economies.
Key findings also show that although digital is the primary C-suite agenda today, they also reflect the ongoing market confusion and fear surrounding digital transformations.
Four primary myths that threaten value generation for companies to watch out for include: