The big drivers are revenue growth and the compelling incentive of a central government push. The Chinese government's "Internet Plus" action plan encourages more Chinese enterprises, especially state-owned enterprises, to explore a new and digital way to work with their customers, vendors and other partners.
Chinese CIOs are focused on digital priorities, rather than on traditional IT. They want their businesses to reap the benefits of digitalisation. They spend, on average, 28 per cent of their IT budgets on digitalisation. In 2018, Gartner expects this number will increase to 39 per cent. Both numbers are around 10 per cent higher than the global average.
If you're a CIO operating in an Australian-based business or public sector agency, the rise and rise of digital business in Asia should spring you into action. Share this information with your CEO and accelerate your organisation's efforts to seize the digital ecosystem opportunity with both hands - building, running and participating.
You should be excited and inspired to be operating in a region with over half the world's population, where we can rationally expect to see more Asian-based digital giants rise.
Plan your tactics. Prioritise your digital investments. Embrace these interesting (digital) times.
Source: CIO Australia
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