NTT Communications’ Survey Finds 94% of Asian Retailers & Manufacturers Plan to Adopt Disruptive Technologies to Boost Comp...
December 07 2016 - 3:30AM
Business Wire
Security, Legacy IT Infrastructure and
Procurement Complexity are Top Barriers to Transformation
NTT Communications Corporation (NTT Com), the ICT solutions and
international communications business within the NTT Group (NYSE:
NTT) announced the results of a new survey revealing how Asian
retailers, manufacturers and wholesalers are investing in
disruptive technologies and the challenges they face. The survey,
“The Digital Silk Road to Success”, found that nearly 80 percent of
business and IT decision-makers at large corporations based in
China, Hong Kong and Singapore are generally positive about the
business outlook in the next 12 months, in spite of the challenges
including talent shortages, rising wages, price pressure,
increasing costs and competition they face. They believe new
technologies hold the key to transforming their growth model
despite an uncertain economic climate.
IoT and big data analytics already changing supply chain
ecosystem
To overcome business challenges, 94% of organizations surveyed
said plans were already in place to deploy two or more disruptive
technologies to accelerate digital transformation and boost
competitiveness. IoT (60%) and big data analytics (58%) are the
most widely adopted technologies among those surveyed. Although
organizations have been slower to adopt AI, smart robotics and 3D
printing, over 60% of responding companies indicated they planned
to deploy one or more of these technologies in the next 12
months.
“The success of retail, manufacturing and wholesale industries
relies heavily on an efficient supply chain ecosystem where
companies’ ability to trace and visualize the bilateral flow of
goods, information and cash throughout the value chain at a given
moment has become ever more critical,” said Raymond Ng, Vice
President, Vertical Solutions, NTT Com Asia. “Asian companies have
extensively applied IoT and big data to capture real-time business
intelligence from all the touchpoints, and overcome business blind
spots in the ecosystem. Though combining IoT and big data is far
from new, it is the recent extensive application of these
disruptive technologies that is proving to be a game changer for
the supply chain,” Ng added.
The proliferation of “connected things" creates security,
compliance and compatibility issues
Although corporations appreciate the enormous value these
disruptive technologies potentially deliver to transform their
business model, various challenges are holding them back. Some 50%
of all organizations surveyed rated stringent data security and
compliance regulations, legacy IT and the complexity involved in
sourcing suitable technologies and supplier for the job are the top
three stumbling blocks.
To accelerate business transformation, over 60% of respondents
will choose to outsource transformation projects to reduce
deployment time and cost, and tap cross domain expertise from
suppliers. When sourcing a supplier, the most important criteria is
whether the supplier has the technology expertise and capability to
provide cross-platform support. The supplier is also expected to
have good understanding of different sectors’ needs and the
flexibility to handle fast changing business environments.
“Strategically selecting a mix of disruptive technologies to
overhaul the supply chain is only the first step of a successful
digital transformation journey. It all comes down to three
important determining factors – the readiness of infrastructure,
connected technology and people to make sense of data to derive
actionable business intelligence,” Ng added.
The survey whitepaper can be downloaded at
www.nttcominsight.com/digitalsilkroad. For the list of key survey
findings by vertical sector, please refer to the Appendix.
# # #
About The Survey
The survey, conducted in the third quarter of 2016 by NTT
Communications and IDG Connect, covered over 300 senior business
executives and IT decision-makers in China, Hong Kong and Singapore
from large retail, manufacturing and wholesale corporations with
250 to 3,000 employees around the world. The results reveal the
extent that emerging disruptive technologies and new IT
infrastructure are being deployed to tackle business issues, and
remove major stumbling blocks during corporations’ digital
transformation journey.
About NTT Communications
NTT Communications provides consultancy, architecture, security
and cloud services to optimise the information and communications
technology (ICT) environments of enterprises. These offerings are
backed by the company’s worldwide infrastructure, including leading
global tier-1 IP network, Arcstar Universal One™ VPN network
reaching 196 countries/regions, and 140 secure data centres
worldwide.
NTT Communications’ solutions leverage the global resources of
NTT Group companies including Dimension Data, NTT DOCOMO and NTT
DATA.
Please visit www.ntt.com.hk | www.hknet.com |
www.facebook.com/nttca |
http://www.linkedin.com/company/ntt-com-asia-limited for further
information.
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version on businesswire.com: http://www.businesswire.com/news/home/20161207005367/en/
Media contact:NTT Com Asia LtdElaine Ng / Priscilla
KwokDL: +852 3793 0228 / +852 3793 0937E: elaine.ng@ntt.com.hk /
priscilla.kwok@ntt.com.hkorOgilvy Public RelationsPriscilla Tong /
Terence NipDL: +852 2884 8529 / +852 2884 8517E:
priscilla.tong@ogilvy.com / terence.nip@ogilvy.com
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