Digital Transformation: Are Malaysian Businesses Caught Between a Rock and a Hard Place?
Within the last decade, Malaysian businesses have more than borne witness to the IT industry’s shift to the 3rd Platform driven by cloud, big data and analytics, mobility and social technologies. They have ridden the wave as both consumers of services and as players in the ecosystem. While the current state of adoption is not as high and as prevalent compared to more mature countries in the Asia/Pacific region, evidence of its importance is clear in the shifting of budget discussions towards 3rd Platform IT spending. The silo adoption of 3rd Platform technologies by the early adopters in Malaysia reflects more of a knee-jerk reaction than a long-term investment outlook to create business innovation and value. IDC believes that leveraging 3rd Platform technologies and its associated innovation accelerators, such as the Internet of Things, will be fundamental in ensuring Malaysian businesses set new competitive benchmarks. This IDC Executive Insights takes a look at why and how Malaysian businesses will have to evolve as the landscape transforms.