The Business Times, Singapore: Senior Director at Cognizant’s Center for the Future of Work Says Asia-Pacific Represents the Most Significant Digital Opportunity of the Next Decade

“Waves of new technologies are rapidly emerging, disrupting every conventional (and conceivable) business notion," writes Manish Bahl. "By 2025, today’s fast-changing technologies―including the mobile Internet, the Internet of Things (IoT), 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.” Excerpts:

“All companies, regardless of country or industry, are looking to leverage digital to rewrite their industry and their own future. Digital is quickly becoming the path to thrive — as also survive — in our new age, as evident from our research Asia Rising: Digital Driving.

Digital-first is the new norm in Asia-Pacific. While digitally-enabled consumers throughout the world are shaking up business models, value chains and ecosystems, nowhere is this more apparent than in the region.

Despite all the bluster around digital, progressive companies are already cutting through the noise and are unlocking huge amounts of value from digital. The economic impact for companies that go digital will be huge.

To transition to the new digital economy, companies need to find, recruit and keep the hybrid skill sets that are at the core of outperforming competitors. The lack of digital expertise and skills is the biggest challenge that companies either face or anticipate facing as they become digital at the core.

Asia-Pacific represents the most significant digital opportunity of the next decade, and it’s a source of innovative ideas for leaders across the globe. The region is rolling into a new era of business, technology, and commerce. Local and regional companies must execute with bold precision to meet the greater ambitions of what it means to be global, while providing an example to the rest of the world on how the digital revolution will unfold.”

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