Unlocking the Economic Impact of Digital Transformation in Asia Pacific
Digital transformation is about reimagining how organizations bring together people, data, and processes to create value for their customers and maintain a competitive advantage in a digital-first world. Technology is at the center of this transformation.
Digital transformation of manufacturing to add US$387 billion to Asia Pacific’s GDP by 2021
Asia Pacific’s’ GDP stands to gain an extra US$387 billion by 2021 and grow by extra 1.0% annually if the region’s manufacturing sector embraces digital transformation. The results for manufacturing are outlined in the Study, “Unlocking the Economic Impact of Digital Transformation in Asia Pacific”, which was produced by Microsoft in partnership with IDC Asia/Pacific. It was based on the survey of 615 business leaders from the manufacturing sector across 15 markets in the region.
Manufacturing organizations that have already embarked on their digital transformation journeys gained improvements in the range of 13% to 17% the last year. They will see at least 40% improvements in three years, with customer advocacy registering the highest improvement rate.
Scott Hunter, Regional Business Lead, Manufacturing, Microsoft Asia shares why manufacturers in the region must move from process automation to a holistic, enterprise-wide transformation in order to attain competitive advantages in the digital age.
Ralph Haupter, President, Microsoft Asia shares that digital transformation is now widely acknowledged to bring forth competitive advantages to businesses and even nations.
He also shares three areas where CEOs need to focus on in order to transform their organizations successfully in a new AI-driven digital world.
Transforming with Customers
Around Asia, Microsoft’s customers are digitally transforming to make an impact on their businesses and respective industries. Learn more about their journeys and be inspired by their approaches.
The nuts and bolts of AI: What’s next for Taiwan’s manufacturing sector?
When 365mc hospital group hooked up its surgery instruments with motion sensors that connected to Artificial Intelligence (AI), the company not only transformed its surgeons’ practice but its business model too. The hospital expects to conduct more than 100,000 operations in the next two years, and increase its revenues by over 40%, thanks to the world’s first AI assisted liposuction system. Other types of surgery like endoscopy and colonoscopy are potential beneficiaries of such technology.
To provide high quality healthcare to an ageing and expanding population of more than 1.3 billion and to bring medical care to remote areas, India’s healthcare industry needs to transform. Cloud, big data analytics and Artificial Intelligence (AI) help to accelerate the change to combat challenges. At Apollo Hospitals, one of India’s largest private healthcare companies, digital transformation in its various wards is enabling the expansion of quality care to more than 300 million Indians.
Ricacorp Properties Limited
The Hong Kong real estate market is one of the most competitive in the world. Agencies compete to sell the hottest properties in the shortest time possible. Ricacorp Properties Limited foresees earnings to rise by 30-40 percent and profits to increase by 40-50 percent through using Artificial Intelligence (AI) to understand customers’ property desires. Sometimes even better than customers themselves know.
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