29 January, 2019 | Marina Bay Sands GIL Executive Briefing 2019: Asia Pacific Outlook Digital remains key focus for most industries in 2019 but challenges remain, finds Frost & Sullivan
29 January, 2019 | Marina Bay Sands
GIL Executive Briefing 2019: Asia Pacific Outlook
Digital remains key focus for most industries in 2019 but challenges remain, finds Frost & Sullivan
More and more enterprises are looking
towards new technologies such
Machine Learning & Artificial
Intelligence, Edge Computing,
Software Defined in their push towards
digital transformation. However,
technological challenges such as
cybersecurity, disparate configurations
and application centricity still remain.
Even the growth outlook for traditional
industries such as Energy and Healthcare
also look to be impacted by technology.
Frost & Sullivan presented its annual
Asia-Pacific Industry Outlook at Marina
Bay Sands in Singapore on 29 January.
The event was attended by over 100
senior management and C-suite
executives, marking the start of an
exciting year ahead for the industry.
Key analysts from Frost & Sullivan Digital
Transformation, Transformational
Healthcare and Energy & Environment
practice presented the top predictions
for the industry in 2019.
GIL EXECUTIVE BRIEFING 2019 | ASIA PACIFIC OUTLOOK REPORT
GIL EXECUTIVE BRIEFING 2019 | ASIA PACIFIC OUTLOOK REPORT
Mr. Ajay Sunder, VP at Frost & Sullivan’s ICT
Asia-Pacific practice discussed data-driven
technologies as the new catalyst as enterprises
today move towards digital transformation.
These include leveraging cloud, looking at
Analytics as new revenue drivers while
ensuring security remains relevant.
The strong mobile telecoms market in
Asia-Pacific is also expected to boost this
growth, with 4.16 billion subscribers in 2018,
and is expected to grow to reach 4.58 billion
by 2021, with CAGR (2017–2021) estimated at
3.1%. With this, 5G networks will be an
enabler for smart city infrastructure as well as
industries ranging from industrial, automotive
and healthcare.
Sunder noted. “Digital Transformation is the
value extraction for business functions using
the digital ecosystem, leveraging new business
models to impact the topline growth and
bottom line e�ciency of companies.”
Also, competition in public cloud landscape is
set to intensify with giants such as AliCloud
and Azure becoming more aggressive in 2019.
As decision-making evolves and most
enterprises seek out hybrid cloud strategy,
system integrators will emerge as key
influencers in Asia-Pacific. New use cases for
edge computing are also increasing, o�ering
data processing advantages near the source.
Is Digital Transformation at the End of the Beginning?
Mr. Spike ChooDirector, ICT Asia Pacific, Frost & Sullivan
Spike Choo, Director, ICT, Asia-Pacific spoke on
the 4 most common myths surrounding the
Internet of Things (IoT) and discusses how the
ground has shifted using research from a recent
enterprise study conducted in Singapore,
Australia and Hong Kong.
The results showed that IoT adoption and
maturity is reaching mainstream status as
adopters reported better-than-projected
business outcomes across multiple business
performance metrics.
Enterprises today will increasingly focus on IoT
applications and cyber security which are high
on importance but also harder to implement.
However, the more digitally mature and IT-savvy
an enterprise is, the greater the impact of IoT
and digital transformation.
He added, “As enterprises adopt IoT, it is
important to note that IoT should be outcome
focuses and a data-driven approach is key to
ensuring successful IoT outcomes. From the
results of the study, enterprises surveyed have
experienced improvement in overall business
metrics of 12.1% after implementing IoT
initiatives.”
IoT investments remain relevant in the digital transformation journey
GIL EXECUTIVE BRIEFING 2019 | ASIA PACIFIC OUTLOOK REPORT
Mr. Kenny YeoIndustry Principal, Cyber Security — ICT Practice, Frost & Sullivan
With numerous data breaches occurring both to
private enterprises and public institutions,
customers are becoming increasingly aware
about data privacy and are demanding for
better protection. Enterprises must protect
customers and their data, or face real
consequences from customer churn in today's
hyper-competitive environment, and
government scrutiny as regulatory standards
become more stringent.
In spite of the frequent publicity of cyber attacks
in the news, traditional attack methods such as
phishing emails are still remarkably e�ective
today. Beyond adopting new technology in an
enterprise to bolster cyber security,
organizations must remember not neglect what
is often the weakest link in the chain - the
employee.
Enterprises are increasingly adopting cloud to
help meet the needs of today's digitally
integrated customer. However many have
misconceptions about the security
responsibilities they hold as data owners.
Enterprises need to be proactive and properly
securely their data on the cloud.
Kenny Yeo, Industry Principal, Cyber Security, ICT
noted that “Enterprises today need to adopt a
holistic cyber security approach, with a focus
on keeping their customer’s data safe.
Customers today have high expectations of the
services they use and will choose providers
which best protect their data. ”
New security reality is leading to heightened concern over privacy and security
GIL EXECUTIVE BRIEFING 2019 | ASIA PACIFIC OUTLOOK REPORT
Mr. Ravi KrishnaswamySenior Vice President, Energy & Industrial, Frost & Sullivan
While the oil price is expected to hover between
US$60-70/barrel during 2019, the oil & gas
majors are striving to make exploration and
production viable well below this range, by
increased adoption of digital technologies. The
oil & gas industry is also taking head on two
other mega trends namely transportation
electrification and sustainability, by investing in
distributed energy assets and also tapping into
emerging opportunities in mobility sector.
According to Ravi Krishnaswamy, Senior VP,
Energy & Industrial, despite the drop in oil prices,
overall investments in the oil & gas industry is
likely to increase by over 8% in 2019, due to
strong growth of LNG sector and also urgent
need to discover new reserves.
India and resurgent Australia are likely to lead
Asia’s solar growth in 2019, with annual capacity
additions forecast to double in these two
markets. Vietnam and Bangladesh are two other
countries to watch. O� shore wind and Energy
Storage are two other areas where China is
building significant domestic capacity, despite a
late start.
“The transformation of power industry will
further accelerate in 2019, with the powerful
combination of intermittent renewable,
behind the meter storage and digitization of
end user assets including higher penetration of
smart meters. Availability of real time data and
predictive analytics will bring several new
business models like microgrid-as-service and
virtual power plants, into the mainstream. In
several countries regulators, will be forced to
keep pace by developing or modifying their
current policies, due to customer demand,” he
explained.
Increased use of Digital Technologies to make energy industry more competitive in 2019
GIL EXECUTIVE BRIEFING 2019 | ASIA PACIFIC OUTLOOK REPORT
Mr. Dinesh SampathVice President, Transformational Health, Frost & Sullivan
2019 is expected to be the year when
Asia-Pacific truly transforms the healthcare
industry with technology and innovation;
presenting growth opportunities for vendors
and healthcare providers with an innovative
culture, noted SR Dinesh, VP, Transformational
Health, Asia-Pacific.
The healthcare market in APAC is expected to
grow at 7.2% in 2019 owing to the growth of
smart hospitals, home care segment and
medical tourism that increases the demand for
technology, innovative healthcare programmes
as well as drugs and high technology medical
devices. The conventional growth drivers such as
supportive government regulation and policies
are also a major boost for projected market
growth in APAC healthcare industry.
Emerging markets such as China, India and ASEAN
are expected to o�er high growth opportunities
across all segments. The Asia Pacific healthcare
market is expected to grow to US$486.72 billion in
2019. For the region, healthcare challenges remain
the same; access and a�ordability of new
technology demand complex and innovative
solutions from all industry stakeholders.
“We believe emerging trends in healthcare such
as policy innovation, support for new business
models and development of secure interoperable
technology platforms will create growth
opportunities for industry participants including
pharmaceuticals, diagnostics, medical technology
manufacturers, digital health vendors and
healthcare service providers,” he added.
Digitization and Innovation the new drivers for healthcare in APAC in 2019
GIL EXECUTIVE BRIEFING 2019 | ASIA PACIFIC OUTLOOK REPORT
PANEL DISCUSSION: The Good, The Bad and The Ugly of Digital Transformation
Separately, topics such as the benefits,
drawbacks and use cases of successful digital
transformation journeys were also discussed as
part of a panel discussion featuring industry
leaders such as Vish Iyer, Vice President, Cisco
Architectures, APJC, Bryan Spear, Managing
Director, Asia Pacific, Trilliant Holdings Inc. and
Francis Prince Thangasamy, Vice President, Product
Management, CenturyLink Singapore Pte Ltd.
Moderator:Ajay SunderVice President, ICT Asia-Pacific, Frost & Sullivan
GIL EXECUTIVE BRIEFING 2019 | ASIA PACIFIC OUTLOOK REPORT
89Companies Industries Attendees
9 124
GIL EXECUTIVE BRIEFING 2019 | ASIA PACIFIC OUTLOOK REPORT
3%Aviation
6%C–Level
11%BFSI
3%Buildings
7%Government
66%Senior Management
9%Healthcare
33%ICT
12%Managers
23%Industrial
16%Others
3%Transportation& Logistics
8%Others
COMPANIES IN ATTENDANCE
A*STAR
AAIS
Accelerate Technologies Pte Ltd
Ascendas Singbridge
Ascenz Solutions Pte Ltd
Avaya
Azbil Corporation
Bowsprit Capital Corporation Ltd
CenturyLink Singapore Pte Ltd
China Construction Bank
CHJ Technologies
Cisco
ComfortDelGro Corporation Limited
Cushman & Wakefield
Danfoss Ind Pte Ltd
Dell
Dentsu Aegis Network
Department for International Trade
DSTA
Falconcrest limited
FireEye
Fortinet
FSTD
FUJIFILM Asia Pacific Pte. Ltd.
Fujitsu
Global Compact Network Singapore
Heliconia Capital Management Pte. Ltd.
Hourvillage Pt Ltd
IBM Global Services
IBM Singapore
IMDA
Intel Asia Pacific
Intel Technology Asia Pte Ltd
IPI Singapore
Jabil
Jabra
Johnson & Johnson, Technology Services
Johnson Controls
KBZ Bank Singapore Representative O�ce
Keppel Infrastructure Holdings Pte Ltd
Marken Pte Ltd
Messe Duesseldorf Asia
Ministry of Communications and Information
Mitsubishi Heavy Industries Asia Pacific Pte. Ltd.
Mitsui Chemicals Asia Pacific, Ltd
Mizuho Bank, Ltd.
MSD
Mundipharma Singapore Holdings Pte Ltd
Nanyang Technological University
Napier Healthcare
National Research Foundation
National University of Singapore
NEC ASIA PACIFIC PTE LTD
New Zealand Trade & Enterprise
NIPPON KOEI CO., LTD.
Novartis Singapore
Oracle Corporation
Orange Business Services
OUE Lippo Healthcare Ltd
Questex Asia
Roche Diagnostics Asia Pacific
RSA
RSM Corporate Advisory Pte Ltd
Schneider Electric
Sembcorp
Shire Pharmaceuticals Limited
Siemens Singapore
Singapore Logistics Association
Singapore Technologies Dynamics Pte Ltd
Singapore Test Services
SP Group
ST Engineering
ST Engineering Land Systems
ST Telemedia Global Data Centres
Stahl Asia Pacific Pte Ltd
StarHub Ltd
Surbana Jurong Private Limited
Symantec
Takeda Pharmaceuticals (Asia Pacific) Pte Ltd
Tata Consultancy Services
Telstra
Tenaga Nastional Berhad
Teradata
Testia
Trilliant Holdings Inc.
U.S. Commercial Service
Vertiv (Singapore) Pte Ltd
Yokogawa Engineering Asia Pte Ltd
YTL PowerSeraya
GIL EXECUTIVE BRIEFING 2019 | ASIA PACIFIC OUTLOOK REPORT
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