The ‘CIO Technology Playbook 2023’ reveals that enterprises & organizations in India can generate up to 49 percent of the revenues from digitally connected products and services by 2027
A report by IDC titled ‘CIO Technology Playbook 2023’, commissioned jointly by Lenovo and AMD, has revealed that with the rapid digital transformation taking place across Asia-Pacific, enterprises & organizations in India are expected to generate as much as 49 percent of the revenues from digitally connected products, services, and customer experiences by 2027. In Asia-Pacific as a whole, they could garner over 43 percent revenues out of such connected automation.
The ‘CIO Technology playbook’ is a study of over 900 CIOs & IT decision-makers in Asia-Pacific (APAC). The results observed show concerns among CIOs around macroeconomic factors affecting business growth in 2023 and early 2024. For CIOs in India ‘high energy prices’ is the topmost concern in 2023; followed by ‘high inflation’ and ‘growing geopolitical tensions’ as the other key challenge areas.
“With the rise of digital capabilities, businesses are leaning towards data-driven innovation to drive effective business decisions. This means staying on top of rapid innovations in cloud, edge, AI/ML that must meet the existing infrastructure with as-a-service offerings. Today’s CIOs have a bigger role to play. We’re certain that the CIO Technology Playbook will act as the guide for CIOs to plan and transform their IT,” says Amit Luthra, Managing Director, India, Lenovo ISG.
“Covering the Asia-Pacific geography, the report notes that organizations in India are at the forefront of leveraging new technologies such as edge innovation with more than 97 percent of the organizations in India already using or intending to use edge computing for their business operations. With such insights and data presented in this report, we hope to inspire and inform Indian businesses as they navigate the rapidly changing and competitive landscape. This report underscores our commitment to leveraging data and innovation to create a better future for all,” elaborates Luthra.
Vinay Sinha, Managing Director, AMD India, says “As the digital landscape evolves, it’s crucial for organizations to transform their digital infrastructure. Transforming digital infrastructure is a complex process that requires addressing a range of key challenges and spending imperatives. AMD’s high-performance and adaptive computing solutions have played a key role in the transformation process of organizations and we look forward to tackling future challenges with CIOs and business leaders. The ‘CIO Technology Playbook 2023’ will act as a comprehensive guide to address key issues such as maximizing existing investments, addressing security and compliance concerns, and ensuring scalability and reliability of the digital infrastructure. By having a clear, actionable plan in place, CIOs and business leaders can make informed decisions, drive innovation, and enhance the customer experience.”
The study further highlights that IT decision-makers are actively looking to leverage technology to optimize their supply chains and improve asset utilization, agility, and resilience, enabling them to respond faster to the changing needs of the business. When it comes to business priorities, for 36 percent of CIOs in Asia-Pacific driving revenue and profit growth is the top priority, followed by driving higher customer experience and satisfaction, and cost optimization & savings for 32 percent respondents respectively.
Qaisar
