Only the strongest and most innovative businesses will survive in today’s increasingly digital world, according to CA Technologies resident and general manager (APJ), Kenneth Arredondo, in his opening keynote address at its APJ Media & Analysts Summit in Singapore.
Arredondo hailed APJ as the world’s fastest growing region, hosting two of the world’s biggest economies and outlined how companies should match the pace of innovation with the pace of disruption. Companies need “forward looking, pro-active strategies for managing risks and capitalising on opportunity”.
He called this phase of digital transformation the “application economy”, where ever-evolving apps are enabling transactions seamlessly and have become the main point of customer contact for many businesses
While economic uncertainties are widely expected to persist through 2016, there are some bright spots in APJ which will likely continue to be a global growth leader, having more than half the world’s population with strong youth demographics.
“Today’s digital world is shaped by a confluence of revolutionary technologies like Cloud, mobility, Big Data and IOT, which are making the future even more exciting,” Arredondo said.