IDC will be announcing industry benchmark findings and the winners of its inaugural Dynamic IT Benchmark Survey at the upcoming IDC Asia/Pacific 2006 CIO Summit in Bangkok, Thailand on 16 March 2006.
Some 120 companies, which were pre-qualified by IDC, took part in the survey conducted between October 2005 to January 2006 to assess how businesses were aligning their IT investments with corporate strategies and business goals. The survey covered 11 markets in the Asia/Pacific region comprising of Australia, New Zealand, PRC, Hong Kong, India, Indonesia, Korea, Malaysia, Thailand, the Philippines and Singapore.
Far from lagging behind global trends, IDC's ongoing research indicates that leading Asia/Pacific enterprises and their IT teams are high-performing innovators compared to IT organizations in other parts of the world. Faced with stiff local competition and the need to be more competitive in the global marketplace, IDC noted that there were some outstanding IT teams which demonstrated the ability to propel themselves ahead by going beyond the advantages available to them - in addition to tapping competitively priced skilled labor resources in the region, they were able to embrace IT best practices and successfully exploit technologies to stay ahead of the business. Evidence of this will be unveiled in IDC's Dynamic IT Benchmark Survey and Award Ceremony.
Dynamic IT, defined by IDC as the creation of a high-performance IT capability that effectively supports the rapid pace of business change, is increasingly becoming a key consideration for enterprises wanting to become more flexible and responsive to evolving business needs and the unpredictable competitive environment. IDC research shows that well over half of all enterprise IT investments today are directly driven by business initiatives versus routine infrastructure refreshes.
Survey participants provided feedback centered around Six Pervasive Principles, IDC's blueprint to building Dynamic IT:
- Flexible operating cost model
- Flexible internal/external sourcing model
- Virtualized resource model
- Modular components/standards-based
- Service-oriented architecture
- End-to-end design and management
IDC's Vertical research focuses on the provision of market intelligence and prediction of trends in key vertical industries. IDC research indicates that as industries become more verticalized, companies face an increasingly unique set of challenges common to that specific industry. In the manufacturing industry, for example, AP manufacturers are focused on business fundamentals like improving costs and quality around people, products and processes. As a result, improving inventory management and labor productivity emerged as the top critical business objectives for many in the industry. So as manufacturers seek ways to further optimize their business processes and cut costs in critical business operations, this will drive greater focus in areas like supply chain, customer chain and design chain management. Given the unique set of needs in each vertical, survey respondents were benchmarked against their peers in the same industry.
IDC will present awards in the five major industries, Communications & Media, Finance, Distribution & Logistics, Manufacturing and Healthcare, to recognize exemplary IT teams for their innovative use of IT, and the courage and foresight to plan ahead and remain relevant to their business, regardless of the scale or depth of change.
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