Intelligent CIO APAC Issue 28 - Page 82

FINAL WORD

Empowering IT Leaders with fiscal insights to become better business leaders

Tarun Kumar Kalra , Regional Vice President , Asia , Apptio , explores the unique challenges in APAC ’ s Digital Transformation and how best to tackle them through Technology Business Management .

Over the past two years , Asian companies across the board pushed through with Digital Transformation faster than the rest of the world . According to the IDC , ICT spending grew in 2021 by more than 7.1 % in APAC to US $ 950 billion and is expected to reach US $ 1.1 trillion by 2025 .

Yet Gartner points out that only 1.8 % increase of the global spend will occur in Southeast Asia . This means that in our region , companies have limited resources and will need to do more with less , to continue on their path of Digital Transformation .
Technology Business Management ( TBM ) offers a solution that helps technology leaders identify redundancy and duplication in their spend by allowing them to track and even benchmark their fiscal performance , enabling them to do more with the resources they already have .
Fiscal responsibility is important because there is a widening performance gap between top IT organizations and the rest , with McKinsey highlighting that the best performing companies have technology leaders that have a strong say in the business ’ strategy . When technology leaders work alongside business leaders to determine and achieve the businesses ’ objectives , the outcome is far more successful than when IT leaders are not invited into the boardroom .
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