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Growth Expected, Growth Delivered

F.Y. Teng | Oct. 10, 2012
A quick view of the ICT spending picture across key sectors and an invitation to compare against the MIS 100 index.

Growth Expected, Growth Delivered

We here at MIS Asia started this year crunching and analysing data leading up to the 2012 edition of our annual IT Nation study (published in MIS Asia, March-April 2012), which was conducted through the last few weeks of 2011. Work behind the study-which was all about the spending and other operational and strategic business and IT priorities of Asia's leading enterprises-involved the survey of information and communication technology leaders across the region, an area which extends across key geographies such as Singapore, Malaysia, India, the Philippines, Hong Kong, Indonesia and Thailand. These IT decision makers of user organisations came from across the entire spectrum of sectors/industries, among them: the Public Sector, Banking & Financial Services, Manufacturing, Commercial (Wholesale and Retail trading).

IT Nation 2012 drew from the same database of companies (owned by Fairfax Business Research, sister company of Fairfax Business Media, the publishers of MIS Asia magazine) as does the MIS 100 index, so it is fitting that we should reference some major findings from the study as we talk about this year's definitive list of the most effective enterprise users of ICT in Asia.

These include the following.

The (marginal) majority of respondents-50.85 percent-expected their organisations' overall expenditure to increase in 2012. Their top five approaches to weather 'current' economic conditions were-cut costs and optimise the efficiency of existing systems, foster and/or create more innovation, implement new projects, establish and/or maintain stronger partnership with vendors, and restructure IT service agreements.

The respondents cited the following as their top five areas of focus in IT through 2012 (in order of importance): automate more business processes; improve customer satisfaction; improve information security; make their enterprises more agile; and, better manage regulatory compliance.

Where they expected to spend more on through 2012 were (again in order of importance): new application development and implementation; hardware infrastructure; network infrastructure; security and risk management; and, IT governance and compliance.

When talking about specific technology areas, the majority of respondents said they intended to increase their spending on: Virtualisation, Information Security and Risk Management, Business Intelligence (BI), and IT Consolidation.

With respect to major initiatives, most respondents cited the security of data (hackers/breaches), concerns about appropriate levels of service level agreements (SLAs), and the loss of control of important IT applications, as their top three concerns as they set about their cloud deployments.

As you go through the profiles of this year's MIS 100 index, please bear in mind some of these IT Nation 2012 findings, as well as the following views and numbers-some concurring and some conflicting-which were culled from various other credible sources on ICT deployments and expenditures across all the world's key sectors/industries and economies.

 

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