Malaysia leads Asia Pacific in digital transformation projects

The study titled “Digital Dysfunction in Asia Pacific” was conducted in partnership with IDC Asia Pacific, and looks at the barriers to digital transformation from the perspectives of 1,000 C-level Executives and business leaders in Human Resources (HR), Finance and IT. The findings come as the Malaysian government has announced commitments to digitalisation this year and driving the Malaysian digital economy forwards. When it comes to measurement, more than two-thirds (69%) of C-level executives in Malaysia say they do not currently have a balanced scorecard approach to align and measure digital transformation initiatives. More than half (52%) say that their digital transformation initiatives are uncoordinated, with three quarters (73%) of HR departments lacking implementation plans for digital transformation, along with half (50%) of finance teams and 38% of IT teams. From the perspectives of HR and finance leaders, almost all (93%) of HR leaders and 80% of finance leaders agree that an integrated HR and finance technology solution is needed for greater visibility — the highest in the Asia Pacific region.

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