While disruptive global headwinds rage on, enterprises can nevertheless stay resilient — by innovating more cost-effectively through the use of disruptive technologies
Just a decade ago, it would have been inconceivable that a publically accessible AI could tell jokes, write essays, and answer complex questions… or that people would be able to pay for purchases using apps on their watches or phones.
Living in an era defined by new technologies and boundless possibilities, the pace of change is fast, and those slow to adapt and adopt new technologies will be left behind.
One thing is for sure: To encourage growth and development enterprises must disrupt the status quo.
This leads to the question: “What is next for you and your business?”
Turning disruption into innovation
While APAC economies are forecasted to see strong growth relative to other regions, organizations in the region remain under pressure to overcome shortages of skilled labor, to raise effectiveness at work, and to improve efficiency.
What these challenges point to, is the increased significance of using technology to drive sustainable growth. Organizations must find new ways to push innovation, scale, and grow footprints in order to maintain a competitive edge and emerge from present challenges. Furthermore:
- Rapidly changing business conditions are compelling organizations to rethink the way they operate.
- In terms of a long term de-risking strategy, firms in the region are open to exploring various technologies such as AI and automation.
- In terms of a long term de-risking strategy, firms in the region are open to exploring various technologies such as AI and automation.
- The topmost driving factor is to boost their ability to plug inefficiencies and identify new growth avenues
- Also, over the past decade, enterprises have encountered disruptive technologies that compel the industry to innovate and keep up-to-speed with market changes. While AI and ML are recent disruptive elements, the concept of open source has been another major tool underlying the digital transformation journeys of many organizations. In fact, organizations have used open source solutions together with emerging technology such as AI to reduce costs and increase resource utilization. In other words, to do more with less.
Challenging innovation limits
Organizations today are increasingly turning to capabilities like data analytics and cloud computing for transformation initiatives to protect their businesses. But what is next?
- Emerging technologies like AI and advanced automation will evolve to become foundational technologies that empower enterprises to innovate and remain competitive. It is no longer an option, but a strategic imperative to embrace these technologies for businesses to thrive.
- What may seem like a dead end for businesses in the face of innovation may actually be taking these organizations to a crossroads: to lead or be left behind.
- If organizations accept that open source is forming the building blocks of tomorrow’s technology, then they should champion the concept to accelerate the rate at which they innovate.
With the abovementioned strategies in hand, APAC organizations can launch products and services more quickly; scale up to accommodate increased demand as and when the need arises; empower employees to focus on more high-value activities while increasing efficiency and productivity in the process; and also boost employee- and customer experience.
So, is this what organizations want to achieve next?
