DX Strategic Priorities 2021: ASEAN emerging firms at the forefront of digital transformation

Association of Southeast Asian Nations (ASEAN) is one of the most prominent regions and has the most significant and progressive economy. ASEAN is a robust economy and can match up to the other big economies in the world. The intergovernmental organization comprises of 10 member countries. The combined GDP of these member countries amounts up to an excess of $2.5 trillion. The economy of the region is also continuously growing and has been at a steady rate. The economy of ASEAN has been growing by 6% per year.  The ASEAN region’s impressive growth has helped the member countries become more prominent in the world. The emerging and development in the economy have been due to the rapid penetration and digital transformation progress. The emergence of smartphones and the growth in smart technology in the ASEAN region have helped improve the economy. The evolving digital transformation trend has made a lot of progress and has helped the member countries make their future bright.

The ASEAN digital transformation has been carried out using well-developed strategies. The innovation-driven information has helped to transform digitally. The communications tech infrastructure has also improved in the ASEAN region. The middle-class people in the ASEAN region is improving and expanding with each passing day. The e-commerce industry and social media evolution are also gaining a lot of popularity. The tech devices are also becoming more popular because they are affordable and are within reach of everyday people. Also, the ASEAN region has a considerable population that is young and youthful. The strong startup sector has evolved, and the ASEAN region is moving fast towards digital transformation. All the factors combine and give birth to the growing digital wave. The digital transformation has made the ASEAN region more promising and has helped to transform Southeast Asia.

DX Strategic Priorities 2021

There were many surveys conducted in the ASEAN region, and there was a recent survey done in 2020. The TechTarget/Computer Weekly IT Priorities conducted a study. It was revealed that nearly 44% of the 200 respondents who are a part of the ASEAN region have cited the digital transformation and have made this their top priority. The infrastructure modernization is rated as (41%), and the cyber security strategy is (36%).In 2021 the trend will continue and the investment in these areas might increase.

The priorities they have made are not surprising at all. This has given the ASEAN region enterprises to come under pressure and has helped them remain competitive. Digital disruption has been done in the ASEAN region across the digital industries that include financial services and logistics.

The growth has also been frequent in IT spending, and the trend has been softening. The ASEAN region has probably over concerns related to the slowing of the global economy. In 2019 there were 80% of the respondents and expected a better IT budget. Just 61% of the people in the region are hoping to spend more in the coming year.

As compared to the previous years, 2021 will see more ASEAN firms investing in the digital and core technology foundation. More firms will invest money to support the digital transformation needs and have made efforts to improve the economy even further. In the data center, 38% of the respondents will be continuing to invest in digital transformation and on-premise infrastructure in 2021. Many firms are focusing on the preference of the hybrid cloud.

Investment in Digital automation and security in 2021

In the ASEAN region, the digital transformation has helped to support the digital automation and security. It has also helped in monitoring tools that are related to digital transformation. One-third of respondents and the firms will be investing in, and that will be paving the way towards agile software development.

There will be some proportion of investors spending on agile project management software, and the investment will be doubled, starting from 21% in 2019 to 42% in 2021. The underscoring firms’ are also planning to invest more in the digital world, and the growing resolve will help build in-house software in the region. The development capabilities for software building will enhance and improve, and more software centers will open up to make way for more digital transformation. This has helped the ASEAN region firms gain a significant edge over their competitors and rivals.

These development efforts in the digital world have helped mainly to gear towards the internet of things (IoT) applications. There are (37%) of the firms that are investing in the IoT and they are expected to do so in 2021. The signaling of technology has finally been catching up in the region. The firms are also showing interest in investing in the microservices (32%). It was more than expected that the investments will be made in the application programming interface (API) next year. The management tools have seen a rise in the investment, and it keeps on to remain as high as (53%).

This has been on the list for a long time, and more firms are developing an interest in investing.

When it comes to the storage front, the spending has been highly increased in the cloud-based storage, and it will continue to remain strong in 2021. Four out of 10 respondents have put up their investments and have invested their top priority. The demand for flash-based storage also appears to be growing. There will be few respondents who will be planning to make investments in the technology sector this 2021.

ASEAN Firms in New Technologies

The ASEAN region has a highly mobile work front, and the young workforce has been embracing mobile technology. The younger generation has been investing money in new technologies and has been using digital services in their lives. The ASEAN’s investment has been made on the mobile device management (MDM) tools. The chances of investment in this sector have become relatively higher, and there are nearly 40% of the firms are planning to invest. The unified endpoint has made way to the management solutions.

There are 35% of the ASEAN enterprises that are rapidly moving ahead and are investing a lot in the Windows 10 migrations. Microsoft has also ended its Windows 7 and will not recognize it anymore. The people that are still using Windows 7 then their devices can be ticking time bombs, and they might not have any cyber security. This is the reason why at least 36% more of the firms will be spending more in 2021.

The ASEAN region is also focusing on developing the new software, and the member countries in the ASEAN region have teams and facilities that can help build software. The companies are also developing the off packaged software. Many large enterprises will be working on improving their financial applications. The enterprise resource planning (ERP) systems will also be seen improving. There are nearly 40% of the investors planning to make investments in ERP applications. The investments in this sector will help to upgrade the digital transformation and support it in many ways.

These applications will be guided by digital technologies and are likely to deliver cloud-based services. More firms will be driving investments and will invest money in networking technologies. The software connected to the wide-area networks (SD-WAN) will also be invested more by the firms. There was a survey conducted that revealed that the SD-WAN has topped the list of investments. The networking priorities have changed in the ASEAN, and the people are adopting new technologies. Some more firms and companies are planning to invest more in cloud services and provide the users’ benefits.

An economy on the verge of takeoff

The internet economy is also being explored and is taking a new shape in ASEAN. The region’s enterprises are now investing more in this sector and have built a robust platform to launch and enter into the global supply chains. The region has diverse economies, and all of them are on the verge of uniting. They plan to form one economic bloc so that they can become invincible. When this happens, the ASEAN region wills see a rise in the economic takeoff.

Multinational companies are also trying to invest and penetrate the ASEAN market, and the economy is in the readiness to takeoff. Professional organizations in Singapore are also planning to invest in digital technologies. This has helped the companies to recruit the employees that are right for the job. The region has been expanding its job market scene. If you are planning to grow your business and you are in the ASEAN market, then you might need translation company services to make the business more successful among the ASEAN customers.

The ASEAN member countries will be going to create a seamless e-commerce space. This will allow the traders that are in the ASEAN region to market the products and services. They can sell off their products without the tariff and international trade restrictions. The ASEAN Economic Blueprint 2025 has also given rise to tap technology. This has also enhanced the power to close a gap in the world’s member states and other top economies. The leading economies include China, the US, and the EU. The ASEAN economic development has taken off and has helped to boost the Smart Cities Network. This consists of 26 cities that are in the ASEAN region. If the ASEAN region’s cities have a better economy by 2025, then the area will become more industrial and will have more digital transformation.

The master plan on connectivity (MPAC) 2025 and industry 4.0

The MPAC 2025 aims to promote economic integration and has helped the member nations create an inclusive trade bloc until the year 2025. This goal will also focus on achieving the cross-sectoral connectivity in the ASEAN region. The plan has given birth to the rise in the ASEAN digital data investment and will also improve the governance framework. The region is also seeking to drive digital innovation and will allow the nation to create and implement a stronger digital agenda in the ASEAN region.

If the MPAC 2025 is successfully implemented, then ASEAN’s digital technologies will have significant growth of $500 billion in 2025. Technology has been adopted, and the ASEAN region will invest on a bigger scale. The efficiency and governance in the business will become a notch higher. The products and services will also be improved, and the region will stand firm in front of the other communities. There will be a more substantial chance and will help to compete in the global market.

There has been widespread adoption, and the ASEAN region will be investing in the new and advanced tech tools. This will allow the ASEAN region to leapfrog the regional trade blocs. This will help to improve customer satisfaction. Service delivery will also improve significantly. The Education systems in the ASEAN region will also improve after the integration of AI integration.

Are there any challenges to ASEAN’S digital transformation?

The digital revolution has become more prominent in Southeast Asia and will be taking some time to complete because there are several teething problems. The most significant issues out of these are the digital landscape, and some member states in the ASEAN region have deplorable conditions. Some other countries are at par the world’s developed economies. Vietnam, Myanmar, and Cambodia are not growing well, and their development is at a slow pace compared to its peers like Malaysia and Singapore. This contrast between the nations will be leading to failure in the digital revolution.

Conclusion

If the ASEAN region continues to invest in the digital trajectory, the member states will join the most extensive global economies until the year 2030. Countries like Singapore might have an edge and might be close to big economies that include the United States and China. The economic giants European Union have already invested a lot in digital development. The ASEAN region has a young workforce that is also educated and is well prepared to use the new technologies and explore them. The ASEAN digital transformation has full potential, and the region might see many firms investing in the digital transformation.  There are several emerging firms mentioned in the post that are making investments in the digital transformation.

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This Agreement was last revised on Oct 15th, 2020.

Contents

  • INTRODUCTION
  • DEFINITIONS
  • INTERPRETATION
  • INTRODUCTION AND SCOPE
  • SERVICES
  • MODIFICATIONS TO THE SERVICE
  • REGISTRATION
  • USER CONTENT
  • GENERAL CONDITIONS
  • GEOGRAPHIC RESTRICTION
  • CUSTOMER RESPONSIBILITIES
  • NO RESPONSIBILITY
  • THIRD-PARTY LINKS
  • PERSONAL INFORMATION AND PRIVACY POLICY
  • DISCLAIMER OF WARRANTIES; LIMITATION OF LIABILITY
  • COPYRIGHT AND TRADEMARK
  • MISCELLANEOUS

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SEVERABILITY

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CONTACT INFORMATION

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Privacy Policy

Last updated [Oct 16th, 2020]

Our Privacy Policy forms part of and must be read in conjunction with, website Terms and Conditions. We reserve the right to change this Privacy Policy at any time.

We respect the privacy of our users and every person who visits our sites https://edxevents.com/ and https://dxleadersseries.com/. Here, (“we”, “us”, or “our”) We are committed to protecting your personal information and your right to privacy in accordance with the General Data Protection Regulation (GDPR – European regulation) and the Personal Data Protection Act (PDPA – Singapore Regulation). If you have any questions or concerns about our policy or our practices with regards to your personal information, please contact us at hello@edxevents.com.

When you visit our websites https://edxevents.com/ and https://dxleadersseries.com/ (“websites”) and use our services, you trust us with your personal information. We take your privacy very seriously. In this privacy notice, we describe our privacy policy. We seek to explain to you in the clearest way possible what information we collect, how we use it, and what rights you have in relation to it. We hope you take some time to read through it carefully, as it is important. If there are any terms in this privacy policy that you do not agree with, please discontinue the use of our sites and our services.

This Privacy Policy has been developed and is maintained in accordance with all applicable federal and international laws and regulations and specifically with the GDPR (General Data Protection Regulation – European regulation) and the Personal Data Protection Act (PDPA – Singapore Regulation).

This privacy policy applies to all information collected through our websites, and/or any related services, sales, marketing, or events (we refer to them collectively in this privacy policy as the “websites”).

ABOUT US

Based in Singapore. EDX (Enterprise Digital Transformation) was founded by a group og B2B event professionals with more than 10 years of industry experience. They wanted to prove that vents are not just about learning and networking – that senior level events can also be creative, purposeful, and more fun than just listening to presentations.

EDX creates not only corporate events but also business intelligence and customized platforms ti convert leads and contacts into real deals. EDX believes that a perfect mix of event solutions that suit the client’s needs could impact not only its bottom line, but also the brand experience.

Please read this privacy policy carefully as it will help you make informed decisions about sharing your personal information with us.  

  1. WHAT INFORMATION DO WE COLLECT?

The personal information you disclose to us

We collect personal information that you voluntarily provide to us when expressing an interest in obtaining information about us or our products and services when participating in activities on the websites, or otherwise contacting us.

The personal information that we collect depends on the context of your interactions with us and the websites, the choices you make, and the products and features you use. The personal information we collect can include the following:

Personal Data 

We collect your first and last name, email address, company, job title, postal address, phone number (office number and mobile number), and other similar contact data.

Credentials. We collect passwords, password hints, and similar security information used for authentication and account access.

Information automatically collected

We automatically collect certain information when you visit, use, or navigate the websites. This information does not reveal your specific identity (like your name or contact information) but may include device and usage information, such as your IP address, browser, and device characteristics, operating system, language preferences, referring URLs, device name, country, location, information about how and when you use our websites and other technical information.  If you access our websites with your mobile device, we may automatically collect device information (such as your mobile device ID, model, and manufacturer), operating system, version information, and IP address. This information is primarily needed to maintain the security and operation of our websites, and for our internal analytics and reporting purposes.

Like many businesses, we also collect information through cookies and similar technologies. You can find out more about this in our Cookie Policy.

Information collected from other Sources

We may obtain information about you from other sources, such as public databases, joint marketing partners, social media platforms (such as Facebook, Instagram, Twitter), as well as from other third parties.

If you have chosen to subscribe to our newsletter, your first name, last name and email address will be shared with our newsletter provider. This is to keep you updated with information and offers for marketing purposes.

Payment information

Your credit/debit card information or payment information will be processed by the payment platforms available on the websites, which will treat and safeguard your data with total security and with the exclusive purpose of processing the purchase of the services. We reserve the right to contract any payment platform available in the market, which treats your data for the sole purpose of processing the purchase of services.

GOOGLE Analytics

We use Google Analytics provided by Google, Inc., USA (“Google”). These tool and technologies collect and analyze certain types of information, including IP addresses, device and software identifiers, referring and exit URLs, feature use metrics and statistics, usage and purchase history, media access control address (MAC Address), mobile unique device identifiers, and other similar information via the use of cookies. The information generated by Google Analytics (including your IP address) may be transmitted to and stored by Google on servers in the United States. We use the GOOGLE Analytics collection of data to enhance the websites and improve our service.

Please consult Google’s privacy policy here:

Social Media

On our websites you will find links and functions linked to different social networks, in which you can share your information.

It is advisable to consult the privacy policy and data protection of each social network used on our websites.

  1. HOW DO YOU GET MY CONSENT?

By using the services, accepting the checkboxes, communicating with us through the contact forms or our contact information, accepting the use of cookies by our websites and voluntarily providing us with personal information to communicate with you, you are providing your consent to our collection, storage and use of your information on the terms contained in this privacy policy. You consent to the use of cookies on our websites when you give your acceptance through the pop-up window shown on the home page when you enter the websites. You may withdraw your consent by sending us your request via the contact information or the contact page.

  1. HOW DO WE USE YOUR INFORMATION?

We use your personal information for these purposes in reliance on our legitimate business interests (“Business Purposes”), in order to enter into or perform a contract with you (“Contractual”), with your consent (“Consent”), and/or for compliance with our legal obligations (“Legal Reasons”). We indicate the specific processing grounds we rely on next to each purpose listed below.  

We use the information we collect or receive:  

  • To send administrative information to you for related to your account, our business purposes, and/or for legal reasons. We may use your personal information to send you the product, service, and new feature information and/or information about changes to our terms, conditions, and policies.
  • Deliver targeted advertising to you for our Business Purposes and/or with your Consent. We may use your information to develop and display content and advertising (and work with third parties who do so) tailored to your interests and/or location and to measure its effectiveness.
  • Request Feedback for our Business Purposes and/or with your Consent. We may use your information to request feedback and to contact you about your use of our websites.
  • To protect our websites for Business Purposes and/or Legal Reasons.  We may use your information as part of our efforts to keep our websites safe and secure (for example, for fraud monitoring and prevention).
  • To enable user-to-user communications with your consent. We may use your information in order to enable user-to-user communications with each user’s consent.
  • To enforce our terms, conditions, and policies for our business purposes and as legally required.
  • To respond to legal requests and prevent harm as legally required. If we receive a subpoena or other legal request, we may need to inspect the data we hold to determine how to respond.
  • For other Business Purposes. We may use your information for other Business Purposes, such as data analysis, identifying usage trends, determining the effectiveness of our promotional campaigns, and to evaluate and improve our websites, products, services, marketing, and your experience.
  1. WILL YOUR INFORMATION BE SHARED WITH ANYONE?

We only share and disclose your information in the following situations:

  • Compliance with Laws. We may disclose your information where we are legally required to do so in order to comply with applicable law, governmental requests, a judicial proceeding, court order, or legal processes, such as in response to a court order or a subpoena (including in response to public authorities to meet national security or law enforcement requirements).
  • Vital Interests and Legal Rights. We may disclose your information where we believe it is necessary to investigate, prevent, or take action regarding potential violations of our policies, suspected fraud, situations involving potential threats to the safety of any person and illegal activities, or as evidence in litigation in which we are involved.
  • Vendors, Consultants, and Other Third-Party Service Providers. We may share your data with third-party vendors, service providers, contractors, or agents who perform services for us or on our behalf and require access to such information to do that work.
  • Business Transfers. We may share or transfer your information in connection with, or during negotiations of, any merger, sale of company assets, financing, or acquisition of all or a portion of our business to another company.
  • Third-Party Advertisers. We may use third-party advertising companies to serve ads when you visit the websites. These companies may use information about your visits to our websites and other websites that are contained in web cookies and other tracking technologies in order to provide advertisements about goods and services of interest to you.
  • We may share your information with our affiliates, in which case we will require those affiliates to honor this privacy policy. Affiliates include our parent company and any subsidiaries, joint venture partners, or other companies that we control or that are under common control with us.
  • Business Partners. We may share your information with our business partners to offer you certain products, services, or promotions.
  • With your Consent. We may disclose your personal information for any other purpose with your consent.
  • Other Users. When you share personal information (for example, by posting comments, contributions, or other content to the websites) or otherwise interact with public areas of the websites, such personal information may be viewed by all users and may be publicly distributed outside the websites in perpetuity.
  1. DO WE USE COOKIES AND OTHER TRACKING TECHNOLOGIES?

We may use cookies and similar tracking technologies (like web beacons and pixels) to access or store information. Specific information about how we use such technologies and how you can refuse certain cookies is set out in our Cookie Policy.

  1. IS YOUR INFORMATION TRANSFERRED INTERNATIONALLY?

Our servers are located in the Singapore. We will not transfer your personal information to an overseas recipient.

  1. WHAT IS OUR STANCE ON THIRD-PARTY WEBSITES?

The websites may contain advertisements from third parties that are not affiliated with us and which may link to other websites, online services, or mobile applications. We cannot guarantee the safety and privacy of data you provide to any third parties. Any data collected by third parties is not covered by this privacy policy. We are not responsible for the content or privacy and security practices and policies of any third parties, including other websites, services, or applications that may be linked to or from the websites. You should review the policies of such third parties and contact them directly to respond to your questions.

  1. HOW LONG DO WE KEEP YOUR INFORMATION?

We will only keep your personal information for as long as it is necessary for the purposes set out in this privacy policy unless a longer retention period is required or permitted by law (such as tax, accounting, or other legal requirements). No purpose in this policy will require us to keep your personal information for longer than 90 days past the termination of your account.

When we have no ongoing legitimate business need to process your personal information, we will either delete or anonymize it, or, if this is not possible (for example, because your personal information has been stored in backup archives), then we will securely store your personal information and isolate it from any further processing until deletion is possible.

  1. HOW DO WE KEEP YOUR INFORMATION SAFE?

We work to protect the security of your information during transmission by using Secure Sockets Layer (SSL) software, which encrypts information you input. If transactions are processed on the websites, transaction information is transmitted to and from the websites in encrypted form using industry-standard SSL connections to help protect such information from interception. We restrict authorized access to your personal information to those persons who have a legitimate purpose to know that information to provide products or services to you and those persons you have authorized to have access to such information.

We follow generally accepted industry standards to protect the personal information you provide to us. No method of transmission over the Internet, or method of electronic storage, is 100% secure. Therefore, while we strive to use commercially acceptable means to protect your personal information, we cannot guarantee its absolute security.

We will not sell, distribute, or lease your personal information to third parties unless we have your permission or are required by law to do so.

  1. DO WE COLLECT INFORMATION FROM MINORS?

We are in compliance with the requirements of the “GDPR” (General Data Protection Regulation – European regulation) and the Personal Data Protection Act (PDPA – Singapore Regulation) regarding the protection of the personal data of minors. We do not knowingly solicit data from or market to children under 16 years of age.  By using the websites, you represent that you are at least 16 or that you are the parent or guardian of such a minor and consent to such minor dependent’s use of the websites. If we learn that personal information from users less than 16 years of age has been collected, we will deactivate the account and take reasonable measures to promptly delete such data from our records.  If you become aware of any data, we have collected from children under age 16, please contact us at hello@edxevents.com.

  1. WHAT ARE YOUR PRIVACY RIGHTS?

Personal Information

You may at any time review or change the information in your account or terminate your account by:

  • Logging into your account settings and updating your account
  • Contacting us using the contact information provided below

Upon your request to terminate your account, we will deactivate or delete your account and information from our active databases. However, some information may be retained in our files to prevent fraud, troubleshoot problems, assist with any investigations, enforce our Terms of Use, and/or comply with legal requirements.

Cookies and similar technologies: Most Web browsers are set to accept cookies by default. If you prefer, you can usually choose to set your browser to remove cookies and to reject cookies. If you choose to remove cookies or reject cookies, this could affect certain features or services of our websites.

  1. GDPR ENTITLEMENT

Users who provide information through our websites, as data subjects and data owners, have the right to access, rectify, download or delete their information, as well as to restrict and object to certain processing of their information. While some of these rights apply generally, others apply only in certain limited circumstances. We describe these rights below:

  • Access and portability: to access and know what information is stored in our servers, you can send us your request through our contact information.
  • Rectify, Restrict, Limit, Delete: You can also rectify, restrict, limit or delete much of your information.
  • Right to be informed: Users of our websites will be informed, upon request, about what data we collect, how it is used, how long it is retained and whether it is shared with third parties.
  • Object: When we process your information based on our legitimate interests as explained above, or in the public interest, you may object to this processing in certain circumstances. In such cases, we will stop processing your information unless we have compelling legitimate reasons to continue processing it or where it is necessary for legal reasons.
  • Revoke consent: Where you have previously given your consent, such as to allow us to process and store your personal information, you have the right to revoke your consent to the processing and storage of your information at any time. For example, you may withdraw your consent by updating your settings. In certain cases, we may continue to process your information after you have withdrawn your consent if we have a legal basis for doing so or if your withdrawal of consent was limited to certain processing activities.
  • Complaint: If you wish to file a complaint about our use of your information (and without prejudice to any other rights you may have), you have the right to do so with your local supervisory authority. Users can exercise all these rights by contacting us through the contact information or the contact page.
  • Rights related to automated decision-making, including profiling: website users may request that we provide a copy of the automated processing activities we conduct if they believe that data is being unlawfully processed.

Additionally, if you are a European resident, we note that we are processing your information in order to fulfil contracts we might have with you or otherwise to pursue our legitimate business interests listed above. Additionally, please note that your information will be transferred outside of Europe.

EU residents can exercise these rights by raising a request directly at hello@edxevents.com.

  1. DO WE MAKE UPDATES TO THIS POLICY?

We may update this privacy policy from time to time. The updated version will be indicated by an updated “Revised” date and the updated version will be effective as soon as it is accessible. If we make material changes to this privacy policy, we may notify you either by prominently posting a notice of such changes or by directly sending you a notification. We encourage you to review this privacy policy frequently to be informed of how we are protecting your information.

  1. DATA PROTECTION OFFICER

We have appointed a Data Protection Officer (“DPO”) who is responsible for overseeing questions in relation to this privacy notice. If you have any questions about this privacy notice, including any requests to exercise your legal rights, please contact the Data Protection Officer, at our e-mail hello@edxevents.com.

  1. HOW CAN YOU CONTACT US ABOUT THIS POLICY?

If you have questions or comments about this policy, email us at hello@edxevents.com.

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