Frost & Sullivan honoured Asia's top ICT companies at the 12th Frost & Sullivan Asia Pacific ICT Awards last evening at The Westin Singapore.
Arkadin, Huawei, Smart Axiata, NTT Communications, Telstra, PT Telkomsel, F5 Networks, Teleperformance and Orange Business Services were amongst the companies that gained recognition for the night. (Click here for the full list of award winners)
According to the market research company, the award recipients were identified based on in-depth interviews, analysis, and extensive secondary research conducted by its analysts. Companies are typically evaluated on their revenues, market share, capabilities, and overall contribution to the industry in order to identify best practices.
Andrew Milroy, Senior Vice President, ICT, Frost & Sullivan, Asia Pacific said that for the past 12 years, the Frost & Sullivan Asia Pacific ICT Awards have identified and recognised the best-in-class companies that demonstrated excellence in the ICT sector.
"We hope that the recognition will allow ICT firms to continue growing their business and spur further achievements," he added.
Digital transformation a key focus
This year, Frost & Sullivan switched things up a little with the introduction of two panel sessions, which the company hopes will allow selected award recipients to share with the audience their views on digital transformation.
According to Milroy, Frost & Sullivan chose to focus on digital transformation due to the high speed at which industries and businesses today are using digital technology to transform their activities.
He cited instances of digital disruptors such as Google and Yahoo who have driven the transformation of the advertising industry. On the other hand, he noted that Amazon has driven the digital transformation of the retail industry; and more recently, it played a pivotal role in the digital transformation of the IT industry.
He added that the interplay between cloud computing, big data, mobility and the Internet of Things is rapidly accelerating the pace of digital transformation across all industries.
"All industries will be transformed by digital technology. These transformations will have an extreme impact not only on the industries themselves but also on societies and economies," he said. "In addition, digital transformation will affect the way we interact with each other, with our employers and with the organizations that serve us. It will change the way we serve our stakeholders and we manage our businesses."
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