Industrial Automation Magazine India

Digital infrastructure to drive 49 percent of business revenue in India by 2027

Published on : Thursday 23-02-2023

India leads the Asia Pacific with 97% businesses using or planning to use edge computing in business operations.

Bengaluru, February 22, 2023 – Today, Lenovo jointly with AMD launched a new InfoBrief titled CIO Technology Playbook 2023 that aims to highlight the opportunities, challenges, and considerations for CIOs in todays data-driven economy to help them make the right IT investments. The IDC paper, commissioned by Lenovo and AMD, reveals that with the rapid digital transformation in Asia Pacific, organisations are expected to generate as much as 43% of the revenue from digitally connected products, services, and customer experiences by 2027 (49% for Indian organisations).

The CIO Technology playbook is a study of over 900 CIOs & IT decision-makers in Asia Pacific (AP). The results observed show concerns among CIOs around macroeconomic factors affecting business growth in 2023 and early 2024. For CIOs in India high energy prices is the topmost concern in 2023; followed by high inflation and growing geopolitical tensions as the other key challenge areas.

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. Covering the Asia Pacific geography, the report notes that organizations in India are at the forefront of leveraging new technologies such as edge innovation with more than 97% of the organisations in India already using or intending to use Edge Computing for their business operations. With such insights and data presented in this report, we hope to inspire and inform Indian businesses as they navigate the rapidly changing and competitive landscape. This report underscores our commitment to leveraging data and innovation to create a better future for all.

Vinay Sinha, Managing Director, AMD India says As the digital landscape evolves, its crucial for organizations to transform their digital infrastructure. Transforming digital infrastructure is a complex process that requires addressing a range of key challenges and spending imperatives. AMDs high-performance and adaptive computing solutions have played a key role in the transformation process of organizations and we look forward to tackling future challenges with CIOs and business leaders. The CIO Technology Playbook 2023 will act as a comprehensive guide to address key issues such as maximizing existing investments, addressing security and compliance concerns, and ensuring scalability and reliability of the digital infrastructure. By having a clear, 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. When it comes to business priorities, for 36% of CIOs in Asia driving revenue and profit growth is the top priority, followed by driving higher customer experience and satisfaction, and cost optimisation and savings for 32% respondents respectively.