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 Dollar Rises Early Friday Ahead of Personal Income, PCE Prices, Advance Trade, Powell
US Dollar Rises Early Friday Ahead of Personal Income, PCE Prices, Advance Trade, Powell
Mar 29, 2024
07:35 AM EDT, 03/29/2024 (MT Newswires) -- The US dollar rose against its major trading partners early Friday, except for a decline versus the yen, ahead of the release of personal income, spending, and price data and advance trade and inventory data, all for February, at 8:30 am ET, with most US markets closed for Good Friday. Chicago PMI and...
Inflation Ticks Higher In February: Is A May Interest Rate Cut In The Cards?
Inflation Ticks Higher In February: Is A May Interest Rate Cut In The Cards?
Mar 29, 2024
Personal consumption expenditures, the Federal Reserve’s preferred measure of inflation, rose as economists expected in February, leaving markets frustrated as to the likely timing of interest rate cuts. Key highlights from February’s Personal Consumption Expenditures inflation report: The headline personal consumption expenditures price index rose by an annual rate of 2.5%, up from January’s 2.4% and in line with expectations....
Fed's balancing act could see June rate cut in play even with sticky inflation
Fed's balancing act could see June rate cut in play even with sticky inflation
Mar 29, 2024
WASHINGTON (Reuters) - Federal Reserve Chair Jerome Powell says the central bank is not growing more tolerant of higher inflation even though the latest policymaker projections raised the inflation outlook for the year without triggering a tougher monetary-policy response. But former Fed officials and other analysts see Powell nevertheless approaching a difficult moment trying to reconcile competing economic risks, a...
Chile's Lithium Vision: Ambitious Plans Shine While US Market Tries To Overcome Fragmentation
Chile's Lithium Vision: Ambitious Plans Shine While US Market Tries To Overcome Fragmentation
Mar 29, 2024
The Chilean government has unveiled an ambitious plan to double its lithium output over the next decade. The motivation behind this push lies in the nation’s recognition of the potential risks posed by lithium shortages, which could lead to significant economic repercussions for the second-largest producer of this metal critical for clean energy transition. Production needs to increase so that...
Copyright 2023-2025 - www.financetom.com All Rights Reserved