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Digital Transformation in Asia Pacific: A Discourse on Embracing the Changes Brought About by New Technologies

Chad Fredrick Quirao by Chad Fredrick Quirao
March 31, 2022
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Asia-Pacific is a prominent location for creating and deploying new technology, as it is home to some of the world’s most innovative countries. Asia filed 85 percent of all patent applications in 2017, with Korea, China, and Japan filing the most patents per unit of GDP. The region has increased innovation and productivity, influencing technological advances in critical sectors like Japan, ASEAN, and China’s Greater Bay Area (GBA). The GBA is of particular interest in Asia-Pacific because it is now attempting to push China from technology supporter to developer, and it is an exclusion zone for the US.

Do technological goals differ in the region?

The Asia-Pacific region is well-positioned to benefit from the 4th industrial revolution and related technologies such as cryptocurrency, artificial intelligence (AI), robotics, and automation. China’s government has long fostered machine learning/artificial intelligence and big data. The nation designated AI research to be a top priority in 2017. Korea, Japan, and China will be among the first three nations to adopt 5G technology, putting Asia in charge of the global 5G competition. Roughly two-thirds of C-suite executives in Asia-Pacific are investing in digital/technology assets via venture funding, direct investment and purchases, and strategic partnerships.

Why does technology are being used by developed and emerging markets?

Businesses may use technology to do two functions: decrease expenses and labor by increased performance, and develop new competencies and growth prospects. Though productivity and specialized skills are substantial, determining which one of these goals is more relevant to an Asia-Pacific organization is highly dependent on geography.

What function does change management have in technology?

There are issues and challenges connected with breakthrough innovations, and the Asia-Pacific region will be no exception. Change management is an issue that companies must face while using advanced technologies. Today in various aspects, replacing old systems with new systems is the simple part. Continuous integration might be simple when something creative and innovative is offered in a growing market. However, combating the “fear culture”- the concern that technology would displace well-established employment – is crucial in established economies. Workers and employers in any nation must embrace this approach, and Asia-Pacific countries have succeeded in this regard. As a whole, the Asia-Pacific region is significantly better at adjusting to the dynamic nature of new technology.

References:

How can Asia-Pacific businesses benefit from technology transformation? (n.d.). Retrieved February 26, 2022, from www.ey.com website: https://www.ey.com/en_gl/technology/how-asia-pacific-businesses-can-benefit-from-technology-transformation

Chad Fredrick Quirao

Chad Fredrick Quirao

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Comments 22

  1. Joe Thirlbee says:
    10 months ago

    This article will help me in strategizing my business in this field! Thanks a lot!

    Reply
  2. Chirstine says:
    10 months ago

    Nice article!

    Reply
  3. Jade Cruz says:
    10 months ago

    An informative article well indeed! This will be beneficial for business people on how they could utilize technologies in their respective businesses.

    Reply
  4. Gene says:
    10 months ago

    Good job!

    Reply
  5. Paulette says:
    10 months ago

    Thank you!

    Reply
  6. Gayle says:
    10 months ago

    Great job!

    Reply
  7. cyber says:
    10 months ago

    Job well done!!! I love it

    Reply
  8. Nino says:
    10 months ago

    Wow i love it!

    Reply
  9. kc says:
    10 months ago

    Great work!

    Reply
  10. Feliz Manasan says:
    10 months ago

    Very interesting, good job and thanks for sharing such a good blog.

    Reply
  11. eloise says:
    10 months ago

    incredible !

    Reply
  12. tag init says:
    10 months ago

    ur so cool!

    Reply
  13. Ads says:
    10 months ago

    This is good. Thanks 🙂

    Reply
  14. Dainec says:
    10 months ago

    Amazing, good job!

    Reply
  15. Secret says:
    10 months ago

    Amazing!

    Reply
    • marie says:
      9 months ago

      Blogs about the roles of technology in business is interesting! Nice article! Good job!

      Reply
  16. MaCha says:
    10 months ago

    nice

    Reply
  17. J says:
    10 months ago

    85 percent of all patent applications — this was a lot. I’m curious how high did Asia Pacific get on the present year.

    Reply
  18. CJ says:
    10 months ago

    Impressive article!

    Reply
    • Thea says:
      9 months ago

      I like this article! Very informative 🙂

      Reply
  19. Mary says:
    9 months ago

    I am grateful that you shared this article! I appreciate your insights.

    Reply
  20. Jade says:
    9 months ago

    You deserve a compliment for your commitment to bringing the public such vital information. Good job!

    Reply

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