Malaysia has maintained its seventh position in the Digital Agility Index 2022 across the Asia – Pacific (APAC), according to a study commissioned by Workday, a global leader in enterprise cloud applications for finance and human resources.
The study revealed that 79% of organisations in the country are still lagging in digital agility, noting that most of the organisations are in the slow and tactical stages of digital agility maturity, despite the accelerated digital transformation and increased technology adoption during the pandemic.
“The study found that the lack of skills in talent acquisition and talent retention were the biggest challenges cited by organisations in Malaysia in pursuing digital transformation,“ it said in a statement yesterday.
According to the study, progress in digital agility has been uneven across the nine APAC markets surveyed, with organisations in Australia achieving the greatest progress in digital transformation efforts, taking the top spot this year.
Singapore, which ranked first in 2020, dropped to the second position, followed by New Zealand, South Korea, Hong Kong, and Taiwan, while Indonesia stood in the eighth position, followed by Thailand.
“From a regional perspective, only 38% of APAC organisations are in the advanced stages of digital agility.
“For the 62% lagging in digital agility, technology adoption is often driven by functional requirements and business needs such as for e-commerce, safety measures and remote work during the pandemic,“ it said.
The study involved over 800 senior human resource, information technology and finance leaders from across nine markets and 15 sectors in the Asia – Pacific.
Workday president for Asia, Sandeep Sharma said with agility now a key source of competitive advantage in today’s digital-first economy, organisations supported by data-driven processes and imbued with digital skills and work cultures are best positioned to thrive.
“While there is considerable progress with more organisations making the leap to become agility leaders, the fact that the majority of organisations within the Asia Pacific are still lagging creates an opportunity to help organisations digitally accelerate,“ he said.
Conducted in association with the International Data Corp (IDC), the IDC – Workday Digital Agility Index Asia Pacific 2022 study highlights the extent to which APAC organisations have progressed in digital agility since the COVID – 19 pandemic.