Research firm IDC has revealed top predictions for Asia Pacific CIOs in 2022 and beyond, saying the success in digital acceleration has set APEJ apart from the rest of the world.
“We have 28 percent of organizations classified as DX leaders, a 10-percentage point increase from 2019, and APEJ government’s policies and investments have been critical in enabling a digital-first world,” says Sandra Ng, Group Vice President for ICT Practice, IDC Asia Pacific.
“Because of COVID, technology spending in DX has further increased, adding another $400 billion to the cumulative DX spending 4-year rolling forecast from 2022-2025 in APEJ.”
#1: Virtuous Cycle: Through 2026, 65 percent of CIOs will sustain a cycle of tech-based empowerment, agility, and resilience through collaborative governance, new service delivery models, and a business outcomes orientation.
#2: Business-Outcomes Driven: By 2023, 40 percent of CIOs will be primarily measured for their ability to co-create new business models and outcomes through extensive enterprise and ecosystem-wide collaboration.
#3: Technical Debt: By 2025, 75 percent of CIOs and CFOs will be forced to accelerate or enact formal technical debt management practices due to project delays or failures caused by unresolved technical debt.
#4: User Enablement: Given the rising imperative for hybrid and smart workplaces, by 2024, 50 percent of CIOs will reimagine user support and create COE-based teams to guide the necessary investments in technology and process.
#5: Data Management: By 2026, 70 percent of organizations whose data practices inhibit their business and operating strategies will empower CIOs to lead cross-enterprise investments in data governance, quality, and compliance.
#6: Digital Infrastructure: By 2024, 40 percent of CIOs will fail to effectively evolve IT’s capability to deliver modern digital infrastructures, provide ecosystem tech governance, and support architecture-driven business outcomes.
#7: Direct Cost: Driven by investor pressure to minimize SG&A expenses, by 2025, 50 percent of organizations will shift at least 15 percent of IT spending to direct cost aligned with specific LOB products/service.
#8: MFA-First: Despite the cost and friction, 60 percent of CIOs will embrace ecosystem-wide multifactor authentication for its efficacy as an essential minimum to counter rising cybersecurity threats by 2023.
#9: Ecosystems: By 2024, 60 percent of CIOs will collaborate to harness industry ecosystem capabilities as a critical source of innovation, data sharing, differentiation, and cybersecurity risk management.
#10: Sustainability: By 2024, businesses will require 55 percent of A2000 CIOs to implement sustainable IT, embedding environmental, social, and governance practices into the technology life cycle from acquisition to disposal.