14% today. Business leaders expect
to see more than 40% improvements
in those key areas by 2020, with the
biggest jump expected in productivity,
customer advocacy as well as profit
margin.
Unlocking the Economic
Impact of Digital Transformation
in Asia Pacific conducted with 1,560
respondents in 15 markets:
15 Asia Pacific markets were
involved: Australia, China, Hong
Kong, Indonesia, India, Japan, Korea,
Malaysia, New Zealand, Philippines,
Singapore, Sri Lanka, Taiwan,
Thailand and Vietnam.
Business and IT leaders from
organizations with more than 250
staff were polled.
Industries polled included
education, financial services,
government,
healthcare,
manufacturing and retail.
Respondents
are
decision
makers involved in shaping their
organizations’ digital strategy.
Digital Leaders in India to
Gain Lion’s Share of Economic
Opportunities
The study indicates that while 90%
of organizations in India are in the
midst of their digital transformation
India is clearly on the digital
transformation fast track.
Within the next four years,
it is estimated that nearly
60% of India’s GDP will have
a strong connection to the
digital transformation trends.”
the rapid impact and widespread
disruption that digital transformation
is having on traditional business
models. The study identified five key
benefits from digital transformation.
According to the research findings,
organizations are seeing significant
and tangible improvements from their
digital transformation efforts across
these benefits in the range of 11% to
Anant Maheshwari,
President, Microsoft India.
journey, only 7% in the entire region
can be classified as Leaders. These
are organizations that have full or
progressing digital transformation
strategies, with at least a third of
their revenue derived from digital
products and services. In addition,
these companies are seeing between
20 – 30% improvements in benefits
across various business areas
IDC study
commissioned by
Microsoft predicts that
approximately 60% of
India’s GDP will be
derived from digital
products or services by
2021
By 2021, digital
transformation is
expected to add 1.0%
CAGR GDP growth
annually
Digital transformation
has increased
productivity, customer
advocacy, and cost
reduction, revenue
from new products &
services as well as
profit margin. These
benefits will also
improve by at least 40%
in three years.
Leaders in digital
transformation reap
double the benefits
compared to Followers.
from their initiatives.The study
indicates that Leaders experience
double the benefits of Followers, and
these improvements will be more
pronounced by 2020. Almost half
of Leaders (48%) have a full digital
transformation strategy in place.
The Study identified key differences
between Leaders and Followers,
which contribute to the improvements
21 | May 2018 | www.smartgovernance.in