At a time when companies are competing to become the most sought-after digital platforms, outside-the-box-thinking and creativity become bankable advantages. More recently still, businesses are discovering the very real risks of not keeping pace with evolving societal conversations.
Different technologies in different parts of the technology adoption life cycle, when combined, could fundamentally change the way resources are allocated and international trade operates. Governments and businesses need to understand the current trends in order to stay ahead of the curve.
Digital growth tops the list of CEO business priorities in 2018 and 2019, according to the latest worldwide market study by Gartner. However, as growth becomes harder to achieve, CEOs are concentrating on changing and upgrading the structure of their companies — including digital business investments.
Overall, the INSEAD survey showed the transformational nature of different digital technologies. Companies have a variety of options to deal with the impact of technologies on their business models: partnerships, corporate board engagement and start-up accelerators.
According to OECD estimates, 20% of healthcare spend is wasted globally. The United States Institute of Medicine believes the figure is more like 30%. Using both estimates, the top 15 countries by healthcare expenditure waste an average of between $1,100 and $1,700 per person annually.
Digital transformation continues to drive investment. Asia-Pacific region (excluding Japan) information and communications technology (ICT) spending — including new technologies — will reach $1.5 trillion in 2021, according to the latest IDC market study.