Lenovo and AMD's InfoBrief unveils Opportunities and Challenges for Data-Driven Economy
The study further revealed concerns among CIOs around macroeconomic factors affecting business growth in 2023, including high inflation, high energy prices, and escalating raw material prices.
Lenovo, in collaboration with AMD, has launched an InfoBrief named 'CIO Technology Playbook 2023' aimed at highlighting opportunities, challenges, and considerations for CIOs to make the right IT investments in today's data-driven economy.
According to the IDC report, commissioned by Lenovo and AMD, digital transformation in the Asia Pacific is expected to generate up to 43% of revenue from digitally connected products, services, and customer experiences by 2027.
The CIO Technology playbook is a study of over 900 CIOs and IT decision-makers in Asia Pacific (AP). The results observed show concerns among CIOs around macroeconomic factors affecting business growth in 2023 and early 2024. For 53% of respondents 'high inflation' is the topmost concern in 2023; half (50%) of the CIOs ranked 'high energy prices' and 'escalating raw material prices' as the other key challenge areas.
Asir Fatagar
“It is absolutely essential for business leaders to stay on top of technology trends in order to stay competitive in today’s hyper growth environment. AMD has played a critical role in the transformation process of multiple organizations over the years, and we are thrilled to be a part of this joint initiative with Lenovo.
“The ‘CIO Technology Playbook 2023’ serves to provide CIOs and other business leaders with key insights into 2023 technology trends that would enable business leaders to implement a future-ready digital infrastructure for sustainable growth,” says Peter Chambers, Managing Director, AMD Asia Pacific and Japan.
Data-Driven Economy
The study further revealed concerns among CIOs around macroeconomic factors affecting business growth in 2023, including high inflation, high energy prices, and escalating raw material prices.
IT decision-makers in Asia are seeking to optimize their supply chains, improve asset utilization, agility, and resilience to respond faster to the changing needs of the business, and prioritize driving revenue and profit growth.
Digital infrastructure has become essential to achieving these goals, with 85% of organizations agreeing with this statement. Increasing demand for faster response to ever-changing and evolving business requirements has led to the growing adoption of multi-cloud and edge infrastructure.
CIOs have identified improving cyber resiliency and automating digital infrastructure management as top investment priorities for 2023 to accelerate digital transformation and modernize legacy IT infrastructure.
Hybrid or multi-cloud is set to gain prominence in Asia over the next 2-3 years, as businesses will continue to run more than 50% of mission-critical workloads on traditional data center infrastructure, systems, and platforms, and private cloud infrastructure.
Ease Financial Burdens
In addition, organizations in Asia have become aware of and adopted as-a-service-based consumption models to help ease financial burdens and invest more in business innovation. Consumption-based infrastructure offers flexibility and agility to keep up with the highly volatile, ever-changing business and economic environment.
Efficient data management requires seamless mobility of data in a highly secure manner across the different deployment locations, and only 8% of businesses in Asia Pacific are currently using a single data management platform.
A unified data management platform could help organizations meet digital business goals by enabling them to transform digitally successfully.
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