SINGAPORE, Nov. 15, 2019 — (PRNewswire) — According to VMware, Inc. (NYSE: VMW), a leading innovator in enterprise software, the role of chief information officers (CIOs) in Asia Pacific (APAC) and Japan will take a strategic turn by 2025, as they become directly responsible for business outcomes. The advent of the modern app economy has fundamentally changed the way technology is used by enterprises to innovate and grow. Organizations will turn to their CIOs, who will harness their technology expertise to build, run, manage, connect and protect applications on any cloud and across any device to power business expansion.
Surveying 200 CIOs in the APAC and Japan region, The Asia-Pacific CIO In 2025: Driving Fundamental Enterprise Change study unveiled that 64% of CIOs believe they will become key decision makers for corporate strategy with nearly 60% of CIOs in the region expecting to head a profit center by 2025 and 56% expecting to become CEOs by 2025.
Looking ahead to 2025, CIOs will see a strategic pivot in their roles. They are not only technology implementers but also architects of new business models, overseeing how organizations build, run, manage, connect and protect workloads in response to the rapidly developing app economy. Cybersecurity continues to be a key priority, with 84% of CIOs suggesting a significant internet overhaul to control cyber risks.
"Technology has been an enabler of business, but today, it has also become a key disrupter of business models. This trend will become even more prevalent as the digital economy develops and matures. CIOs will need to play the role of a business disrupter in order to influence and achieve a better business outcome for their organization. We need to adapt to change quickly, upskill ourselves and our workforce in order to deliver products and services that will help our customers get the most out of life," said Jimmy Ng, Chief Information Officer, DBS Bank.
Maximizing Business Impact with Future Technologies
APAC CIOs are expected to embrace cutting-edge, data-driven technologies to stay competitive and unlock new growth opportunities for their businesses. The top five future technologies that APAC CIOs in the study are betting on are machine learning (63%), IoT (61%), artificial intelligence (60%), edge computing (57%) and blockchain (51%). Forward-thinking CIOs understand that to harness the full potential of these future technologies, they need to invest in building a robust framework that allows them to build, run and manage modern workloads to deliver innovations critical to business outcomes.
"We are at a critical juncture where cloud, apps, networking, mobility and security intersect. This presents an unprecedented opportunity for CIOs to step up and steer organizations through rapid cycles of innovation to guarantee impactful business outcomes," said Sanjay K. Deshmukh, vice president and managing director, Southeast Asia and Korea, VMware. "VMware Tanzu and Project Pacific, supported by the full breadth and depth of our portfolio makes VMware uniquely positioned to help CIOs build, run, manage, connect and protect their business."
Announced at VMworld U.S. 2019, VMware's Tanzu portfolio and Project Pacific will empower CIOs to make the right business bets, harnessing the full potential of Kubernetes to transform the way their organizations build, run and manage cutting edge technologies, setting the stage for further business growth in the decades to come.
Technology needs to serve business needs
APAC CIOs are driving new ways of doing business, with more than 60% of them embarking on some revenue-generating initiatives. By 2020, that figure is projected to grow to 85% of APAC CIOs who will be responsible for their organizations' topline growth and the alignment between technology and business strategies will be key to their success. The top three revenue initiatives APAC CIOs will implement include packaging and selling data to a third party (22%), directly managing customer data (21%) and providing IT services to third parties (20%). To help achieve this, recent enhancements made to VMware's industry-leading hybrid cloud portfolio help CIOs establish a strong digital foundation where they can architect and scale new business models with agility and flexibility.
Radical change needed to overhaul cybersecurity
As APAC CIOs harness technology to accelerate enterprise transformation, cyber threats stand in the way of their business success. Reflecting this concern, more than 80% of APAC CIOs support the need for the internet to be overhauled to combat the increasing sophistication of cybercriminals with 36% of them believing that cybercrime will likely or very likely lead to a shutdown of the internet. Designed specifically to address cyberthreats for the modern distributed enterprise, VMware's new zero-trust architecture vision, makes security intrinsic, automated, proactive and pervasive, redefining how businesses can protect themselves. This vision is also supported by VMware's enhanced partnership with Dell to make VMware Carbon Black Cloud a preferred endpoint / workload security solution for Dell customers.
CIOs in the APAC region can lead their companies toward fundamentally new ways of doing business in response to the region's growing app-driven digital economy. In this new paradigm, enterprises are increasingly adopting Kubernetes and cloud-native infrastructure to continuously deliver custom software on a more secure, reliable platform, and to transform how their enterprises do business," said Lionel Lim, vice president and managing director, Asia Pacific and Japan, Pivotal. "By providing organizations with a developer-ready infrastructure that allows them to harness the full potential of Kubernetes to build, run and manage modern applications, VMware is well placed to help APAC CIOs deliver innovations that help drive successful business outcomes."
VMware software powers the world's complex digital infrastructure. The company's cloud, networking and security, and digital workspace offerings provide a dynamic and efficient digital foundation to customers globally, aided by an extensive ecosystem of partners. Headquartered in Palo Alto, California, VMware is committed to being a force for good, from its breakthrough innovations to its global impact. For more information, please visit https://www.vmware.com/company.html.
About The Asia-Pacific CIO in 2025: Driving Fundamental Enterprise Change Study
Forbes Insights and VMware surveyed 652 CIOs across the globe about the future of their role in April 2019. Some 31% of respondents were from North America, 39% from Europe and 30% from the Asia-Pacific region, including Japan. These CIOs represented a wide range of industries, including financial services, government, healthcare, manufacturing, retail and telecommunications. All CIOs were from organizations with annual revenue of $1 billion or more, with 16% from firms with $10 billion or more in revenue.
About Forbes Insights
Forbes Insights is the strategic research and thought leadership practice of Forbes Media, a global media, branding and technology company whose combined platforms reach nearly 94 million business decision makers worldwide on a monthly basis.
By leveraging proprietary databases of senior-level executives in the Forbes community, Forbes Insights conducts research on a wide range of topics to position brands as thought leaders and drive stakeholder engagement. Research findings are delivered through a variety of digital, print and live executions, and amplified across Forbes' social and media platforms.
VMware, Tanzu, Project Pacific, Carbon Black are registered trademarks or trademarks of VMware, Inc. or its subsidiaries in the United States and other jurisdictions.