THERE is no doubt that digital transformation is a major priority for businesses not only in Asia but all around the globe.
As more and more business leader are coming to realize that investments in the transformation journey are geared for the long-term, the number of companies allocating capital towards that goal is also on the rise.
So much so that worldwide spending on technologies and services that facilitate the transformation of business practices, products, and organizations is expected to reach US$1.97 trillion.
In its updated Worldwide Semiannual Digital Transformation Spending Guide, IDC expects steady spending expansion throughout the 2017-2022 period, while achieving a compound annual growth rate of 16.7 percent.