Study reveals lack of transformative vision among Malaysians
KUCHING: An Asia Pacific and Japan (APJ) study by CA Technologies revealed that 73 per cent of Malaysian business and IT leaders surveyed agreed that their industries have been impacted by digital disruption today.
The CA Technologies APJ Digital Transformation Impact and Readiness Study, examined responses from 900 business and IT leaders across nine markets in the region, including Malaysia, on digital transformation strategies.
The survey also found that 69 per cent of the Malaysian respondents agreed that their organisations have been impacted by digital disruption today.
Recognising the importance of digital transformation, a majority of the respondents (82 per cent) are confident that their organisations are equipped to be competitive in the digital economy in the next three years, according to the study.
Despite the positive outlook, businesses have yet to capitalise on the potential of digital transformation today. It is found that about half (51 per cent) of the respondents from Malaysia have embarked on digital transformation projects with clear corporate goals, such as increasing productivity and boosting revenue.
In addition, only nine per cent surveyed have fully-formed digital transformation strategies, while only eight per cent are looking at fully digitalising their entire organisations.
These per centages are among the lowest in the study as compared with their APJ counterparts, pointing out the urgent need for organisations in Malaysia to swiftly develop transformation initiatives and to commit to fully digitalising their organisations for them to stay relevant and competitive. Turn to Page B2, Col 1