Asia/Pacific CEOs expect productivity to increase 24% by 2018: Survey

Asia/Pacific CEOs expect productivity in their organisations to increase by 24 per cent by the end of 2018, with revenue and profitability as the top two indicators of success, according to a survey released on Thursday.

Gartner Inc.'s 2017 CEO survey uncovers a gap between what they want to achieve and where technology investments are being made.

According to the survey, the CEOs believe that conventional technologies (cloud, ERP, analytics and CRM) will help them to achieve such aggressive productivity gains, rather than technologies that support digital transformation.

"Asia/Pacific CEOs want to increase profit margins while maintaining sales growth, and they expect IT to play a strong role in this," said Partha Iyengar, Vice-President and Gartner Fellow.

"The problem is that Asia/Pacific firms aren't moving fast enough to capitalise on this potential. Their focus on conventional technologies will likely have less of a transformative effect than more innovative technologies," he added.

According to the survey, enterprises of Asia or Pacific are slightly behind global counterparts in terms of digital business maturity, with 20 per cent of Asia/Pacific CEOs describing their enterprise as "digital to the core," compared with 22 per cent globally.

--IANS

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