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 >
Zoomed Out | Critical Minerals — why India's current strategy to become self-reliant is so vital
Zoomed Out | Critical Minerals — why India's current strategy to become self-reliant is so vital
Nov 29, 2023
Internationally, there are genuine security concerns related to the criticality in building more diverse and dependable value chains for critical minerals, about their environmental and social sustainability, and technological challenges. While, India has taken the right steps for creating an ecosystem for accelerated exploration and production of critical and new age minerals, observes FICCI Mining Committee Co-Chair Pankaj Satija.
In fight to curb climate change, a grim report shows world is struggling to get on track
In fight to curb climate change, a grim report shows world is struggling to get on track
Nov 14, 2023
The State of Climate Action report released on Tuesday by the World Resources Institute, Climate Action Tracker, the Bezos Earth Fund and others looks at what's needed in several sectors of the global economy power, transportation, buildings, industry, finance and forestry to fit in a world that limits warming to 1.5 degrees Celsius (2.7 degrees Fahrenheit) over pre-industrial times, the goal the world adopted at Paris in 2015. The globe has already warmed about 1.2 degrees Celsius (2.2 degrees Fahrenheit) since the mid-19th century.
India looking into 'freak' incidents like damage to Sikkim's Chungthang dam: RK Singh
India looking into 'freak' incidents like damage to Sikkim's Chungthang dam: RK Singh
Oct 18, 2023
Stressing on the need to have quick ramp up and ramp down energy sources for grid balancing, the minister described hydroelectric power's role as essential in the path to energy transition as wind energy is intermittent and the sun doesn't shine 24×7.
JPMorgan has a new way to gauge its green progress
JPMorgan has a new way to gauge its green progress
Nov 15, 2023
As the largest energy banker, JPMorgan is a frequent target of criticism over Wall Street’s role in the climate crisis. At the same time, the bank is a leading US arranger of green bonds, making it vulnerable to Republicans seeking to protect the fossil fuel industry.
Copyright 2023-2026 - www.financetom.com All Rights Reserved