Race to recovery underway as digital investments accelerate in Asia


Source: channelasia.tech channelasia.tech

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Sandra Ng (IDC) Credit: Channel Asia / IDG More than 65 per cent of gross domestic product (GDP) across Asia Pacific is expected to be digitised within the next three years as the enterprise accelerates recovery plans post-pandemic. Offering a ray of sunshine amid an otherwise gloomy forecast, fast-tracked digital transformation investments are expected to create “economic gravity” with regional technology spending set to hit US$1.2 trillion between 2020 and 2023. That’s according to IDC, which claims that while the immediate Covid-19 crisis is past, recovery from economic, social and business disruptions will dominate investment decisions during the next five...