financetom
Economy
financetom
/
Economy
/
Lenovo and AMD launch CIO Technology Playbook 2023 to guide IT investments in Asia Pacific
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Lenovo and AMD launch CIO Technology Playbook 2023 to guide IT investments in Asia Pacific
Feb 22, 2023 8:32 AM

Lenovo and AMD on Wednesday launched a new InfoBrief titled 'CIO Technology Playbook 2023' aimed at providing guidance to CIOs in Asia Pacific on how to make the right investments in IT in today's data-driven economy.

According to the IDC paper, commissioned by Lenovo and AMD, by 2027, organisations in Asia Pacific are expected to generate as much as 43 percent of their revenue from digitally connected products, services, and customer experiences. The CIO Technology Playbook is based on a study of over 900 CIOs and IT decision-makers in the region and highlights the challenges and considerations for CIOs in today's digital era.

The report notes that high energy prices, high inflation, and growing geopolitical tensions are the key concerns for CIOs in India in 2023. Furthermore, the study shows that organisations in India are leveraging new technologies such as edge innovation with more than 97 percent of organisations already using or intending to use Edge Computing for their business operations.

"With the rise of digital capabilities, businesses are leaning towards data-driven innovation to drive effective business decisions. This means staying on top of rapid innovations in Cloud, Edge, AI/ML that must meet the existing infrastructure with as-a-service offerings. CIOs today have a bigger role to play. We are certain that the CIO Technology Playbook will act as the guide for CIOs to plan and transform their IT,” said Amit Luthra, Managing Director, India, Lenovo ISG.

Also Read: Qualcomm announces subscription cloud software service to streamline its chips supply chain

Vinay Sinha, Managing Director of AMD India, stated that as the digital landscape evolves, it is crucial for organisations to transform their digital infrastructure. AMD's high-performance and adaptive computing solutions have played a key role in the transformation process of organisations. By having a clear and actionable plan in place, CIOs and business leaders can make informed decisions, drive innovation, and enhance the customer experience.

The study further highlights that IT decision-makers are actively looking to leverage technology to optimise their supply chains and improve asset utilisation, agility, and resilience, enabling them to respond faster to the changing needs of the business. In addition, the report suggests that digital infrastructure can help businesses automate tasks, streamline processes, and improve productivity. About 85 percent of organisations in Asia Pacific agree that digital infrastructure is essential to achieve business goals.

The report concludes by recommending that CIOs must consider improving cyber resiliency and automating digital infrastructure management as top investment priorities for 2023 to modernise legacy IT infrastructure and accelerate their digital transformation. The report also suggests that hybrid or multi-cloud is poised to gain prominence in Asia over the next two to three years as it offers the highest levels of performance and meets data security and compliance requirements.

Also Read: India increases broadband minimum speed 400% to 2 Mbps — What does this mean

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
US worker productivity rises moderately in third quarter; labor costs elevated
US worker productivity rises moderately in third quarter; labor costs elevated
Nov 9, 2024
WASHINGTON (Reuters) - U.S. worker productivity increased moderately in the third quarter, resulting in only a gradual slowdown in labor costs that could cast a cloud over the inflation outlook. Nonfarm productivity, which measures hourly output per worker, increased at a 2.2% annualized rate last quarter, the Labor Department's Bureau of Labor Statistics said on Thursday. Data for the second...
Bitcoin As America's Gold? How Trump's Bitcoin Act Could Reshape US Reserves
Bitcoin As America's Gold? How Trump's Bitcoin Act Could Reshape US Reserves
Nov 9, 2024
The proposed Bitcoin (CRYPTO: BTC) Act, if passed by the Trump administration, could significantly elevate the apex crypto’s role within the U.S. economy, according to a new CoinShares report. The act would designate Bitcoin as a strategic reserve asset, permitting the U.S. government to acquire up to 5% of its total supply, treating it similarly to gold. What Happened: CoinShares...
US weekly jobless claims increase moderately
US weekly jobless claims increase moderately
Nov 9, 2024
WASHINGTON (Reuters) - The number of Americans filing new applications for unemployment benefits rose marginally last week, suggesting no material change in labor market conditions and reinforcing views that hurricanes and strikes had resulted in job growth almost stalling in October. Initial claims for state unemployment benefits increased 3,000 to a seasonally adjusted 221,000 for the week ended Nov. 2,...
US Dollar Falls Early Thursday Ahead of Busy Economic Data Schedule, FOMC Conclusion
US Dollar Falls Early Thursday Ahead of Busy Economic Data Schedule, FOMC Conclusion
Nov 9, 2024
07:51 AM EST, 11/07/2024 (MT Newswires) -- The US dollar reversed part of its Wednesday gains against its major trading partners early Thursday ahead of a busy data schedule before the Federal Open Market Committee's two-day policy setting meeting conclusion announcement in the afternoon, starting with weekly jobless claims and preliminary productivity and unit labor cost figures for Q3, both...
Copyright 2023-2025 - www.financetom.com All Rights Reserved