Digital Transformation Is the Start of a Thousand-Mile Journey: MDeC & IDC
Multimedia Development Corporation (MDeC) and International Data Corporation (IDC) recently held the third CIO Survival Guide event to help business and IT leaders understand and cope with the challenges and opportunities digital transformation can bring to their businesses.
According to IDC, Digital Transformation (DX) will drive changes in enterprise business models and ecosystems by leveraging digital competencies. Business leaders today need to transform and lead digitally powered organizations that are not only adaptive to change, but able to predict and drive it.
“Digital transformation is one means of creating self-adapting businesses that can rapidly respond to change. These organizations will not only weather the coming storm, but also thrive on it. Malaysian businesses will need to make a stand as to how they will address the new and changing marketplace,” said Roger Ling, Research Director, ASEAN Custom Solutions, IDC Malaysia.
“We believe there is so much that the digital emerging trends; namely, Cloud, BDA and IoT, have to offer CIOs in providing creative solutions to customers and contributing to the overall growth and revenue of the organization. MDeC, as the driver of Malaysia’s ICT industry development and digital transformation, is committed in its role of assisting businesses to embrace digital technology business models via its MSC Malaysia and Digital Malaysia programs,” said Ms. Ng Wan Peng, the Chief Operating Officer of MDeC.
IDC’s Digital Transformation (DX) MaturityScapes Survey
In a recent study commissioned by MDeC, IDC leveraged its DX MaturityScape to assess organizations’ stage of maturity in five key dimensions: Leadership DX, Omni-Experience DX, WorkSource DX, Operating Model DX, and Information DX. This study identifies the stages, dimensions, outcomes, and actions required for Malaysian businesses to digitally transform themselves.
Survey results from IDC’s DX MaturityScapes revealed:
- Digital Resister: 8.1% of organizations fall under the ad hoc stage, it does clearly represent room for growth and the untapped potential of digital transformation within organizations.
- Digital Explorer: Majority of organizations (63.2%) fall under the opportunistic stage. This means digitally enabled customer experiences and products tend to be inconsistent and poorly integrated.
- Digital Player/ Transformer: Higher percentage of organizations in stage 4 (12.5%) of the MaturityScape as opposed to stage 3 (10.5%). This means that there are already players in the market that see themselves as Digital Transformers.
- Digital Disruptor: Only 5.7% of the total business leaders are digital disruptor; the optimized stage. This represents organizations that have mastered the alignment of digital strategies with long-term business goals.
IDC believes most organizations will find themselves wanting with regard to managing and leveraging the five disciplines addressed in this study. Many organizations will attempt to transform through a series of initiative, targeting specific digital competencies while losing sight of the interplay and synergies that are needed for true DX. Organizations that master the orchestration of the five disciplines will thrive; those that don’t will struggle to survive, added Ling.
Themed Close Encounter to the 3rd Platform, this third volume of CIO Survival Guide designed to help Malaysian business leaders from organizations of all sizes and across industries to transform digitally in this new and challenging marketplace. Visit the web portal (http://www.ciosurvivalguide.com/) for more information about CIO Survival Guide: The Digital Transformation.
International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services and events for information technology, telecommunications, and consumer technology markets. IDC helps IT professionals, business executives, and the investment community to make fact-based decisions on technology purchases and business strategy. More than 1,000 IDC analysts provide global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries. In 2014, IDC celebrates its 50th anniversary of providing strategic insights to help clients achieve their key business objectives. IDC is a subsidiary of IDG, the world’s leading technology media, research, and events company. You can learn more about IDC by visiting www.idc.com.
About IDC MaturityScapes
IDC MaturityScapes are used by IT executives and their enterprise partners to have a structured way to identify their current level of maturity, and the gap between where they are and where they want to be to maintain competitive balance or achieve industry superiority. Using IDC MaturityScapes is a way to reduce the friction of change, to make more precise investments, and to identify the details of governance, process, technology, organization, and other factors that can derail the best-laid technology initiative.
The Multimedia Development Corporation (MDeC) was incorporated in 1996 to strategically advise the Malaysian Government on legislation, policies and standards for ICT and multimedia operations as well as to oversee the development of the Malaysian Multimedia Super Corridor (now MSC Malaysia), the platform to nurture the growth of Malaysian Small and Medium Enterprises (SMEs) in the IT industry whilst attracting participation from global ICT companies to invest in and develop cutting edge digital and creative solutions in Malaysia.
In 2011, MDeC’s mandate was broadened by the Prime Minister to include driving Malaysia’s transition towards a developed digital economy by 2020 through Digital Malaysia. In 2012, Digital Malaysia was official unveiled as the nation’s transformational programme to achieve this aim. Digital Malaysia is a vision of a digital nation that is fully developed with a sustainable digital economy built upon a vibrant domestic ICT industry, transformative use of digital solutions by government, businesses and citizens, as well as a robust enabling ecosystem.
Today, both MSC Malaysia and Digital Malaysia run concurrently to spur Malaysia’s ICT industry development and digital transformation, under the purview of MDeC.
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