- 67% IT leaders say budgets have increased as a direct results of pandemic
- 69% of IT decision-makers moving to an every thing as a service (XaaS) model
Businesses around the world, including Singapore, are planning major investments in electronic technologies to support committed expansion plans following lessons learned in the pandemic. New results from an annual study of 2, 900 technology decision-makers, simply by Nasdaq listed Equinix, Inc, suggest that companies across industries seem to remain bullish regarding their plans for further global expansion with 66% of Singapore respondents in the Equinix 2022 Global Tech Styles Survey indicating that their organization is planning to expand into new marketplaces in the next 12 months.
The pandemic continues to have a significant impact on digital strategies. More than half of Singapore IT leaders (54%) said they are accelerating their company’s electronic evolution because of the outbreak. Indeed, over half (67%) confirmed their particular IT budgets have got increased as a direct outcome of its legacy—an insight into the right now broadly acknowledged requirement for robust digital infrastructure to revolves to evolving business needs in an instant. Additionally, the majority of respondents (68%) believe the technologies changes and assets implemented during the outbreak are here to stay.
While digitalization during the pandemic had been borne out of requirement, digital-first business versions appear set to keep on into the new economic reality. A total of 78% of Singapore respondents said they are going to either maintain (27%) or increase (51%) their spending on carrier-neutral colocation solutions to facilitate the planned within digital deployments, while even more (62%) stated they intend to boost investment in interconnection services as they plan to progress digital change for better and build resilience.
Nevertheless , sustainable progress has been negatively impacted by the pandemic. 53% associated with Singapore respondents have either slowed down some non-essential sustainability initiatives (38%) or halted all related efforts (15%). Nonetheless, in regards to a third (31%) associated with respondents have increased their sustainability initiatives, suggesting continued significance of sustainability in the current business environment alongside new measures from the government to speed up the green transition.
Yee May Leong (pic) , Managing Director, South East Asia, Equinix , said: “Businesses in Singapore are adopting more aggressive IT strategies and speeding up digital transformation journeys in the wake from the pandemic. This will allow businesses to influence data-backed insights to get enhanced security and agility, increasing general resilience towards global dynamics. Maintaining improvement on green endeavours will also be key just for long term growth and success, which is vital to meet evolving regulations and stakeholder needs around sustainability. The particular globally distributed plus sustainable digital facilities offered by Equinix can be well positioned to assist organizations expand their own business and develop collaborative ecosystems across industries in the fast-growing Southeast Asia region. ”
Ensuring expansions are supported by long lasting digital models will be business-critical, particularly during a period of increasing volatility and emerging threats. As part of their digital-first strategies, 85% associated with respondents from Singapore confirmed a key priority is improving cybersecurity; 83% said complying with local marketplace data regulations is crucial, while 83% highlighted the need to futureproof their own businesses. According to THIS leaders, the most terrifying threats were cyber attacks and down time caused by infrastructure issues (both 76%), with security breaches plus data leaks subsequent closely (75%).
Other possibly limiting factors discovered by businesses when it came to Singapore’s development include supply chain challenges (68%), growing volumes of data (65%) and the shift to hybrid work (65%).
Rick Villars, Group Vice President pertaining to Worldwide Research from IDC, noted: “Even as enterprises look for to navigate the waves of disruptions associated with inflation, supply chain disruptions, plus unmet skills requirements that arose within the first half of 2022, IDC consistently hears from IT leaders that will timely and expansive access to innovative technology, interconnectivity, and intelligent SaaS resources is crucial. ”
In addition , study findings from Singapore respondents revealed:
- Customer and employee experience prioritized : Realizing digital adoption affects end users, 76% from it leaders said improving customer experience is really a priority. Companies furthermore acknowledged improving employee experience is critical for their transformation journey and retention of talent, with 79% citing this.
- Cloud migration continues : Two-thirds (67%) of Singapore THIS decision-makers said they will plan to move more business functions to the cloud. Of those respondents, 46% plan to move more of their business-critical applications towards the cloud, and 52% intend to move safety functions to the impair.
- Hybrid cloud dominates : Hybrid cloud models were the most preferred approach for 57% of respondents. 7 in 10 (73%) Singaporean IT frontrunners are working with several cloud providers, showing the need of a multi-cloud infrastructure. Interconnection may step in to help here, with respondents thinking it increases quickness of connectivity (43%) and increases flexibility of connectivity (40%).
- Investing in innovation : Many IT leaders are looking to futureproof their businesses plus take full advantage of evolving technologies, such as 5G, the web of things (IoT), and Web3. Over two-thirds (69%) from it decision-makers across Singapore said they are moving to an everything being a service (XaaS) design, citing the simplification of IT infrastructure (70%), improved user experience (61%) and versatility (59%) as the essential reasons for doing so.
Concerning the Survey
The particular independent study, entrusted by Equinix, surveyed 2, 900 THIS decision-makers in varied enterprises across the Americas (Brazil, Canada, Colombia, Mexico, U. Ersus. ), Asia-Pacific (Australia, China, Hong Kong, India, Japan, Singapore, Southern Korea), and EMEA (Bulgaria, Finland, France, Germany, Ireland, Italia, Netherlands, Nigeria, Belgium, Portugal, South Africa, The country, Sweden, Switzerland, Turkey, UAE, UK). Respondents were selected just for participation from Dynata’s online panel. The particular survey was executed online between Mar 1, 2022 and March 29, 2022.