Thailand scores low in digital agility
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Thailand has been ranked at the bottom of nine Asia-Pacific markets for digital agility despite its claims of aiming to become a “digital hub” in the region and progress to a “Thailand 4.0” digital economy era.
The results are the outcome of a study commissioned by Workday, a US-based provider of enterprise cloud applications, together with market intelligence firm International Data Corporation (IDC).
The ranking is based on the IDC-Workday Digital Agility Index Asia-Pacific 2022 report and determines the state of digital agility among Asia-Pacific organisations by assessing four dimensions: organisation and culture, people, processes and technology.
More than 800 senior human resources, information technology and finance leaders were surveyed across nine markets in the region from December 2021 to February this year.
Thailand slipped one position from its 2020 ranking to ninth at the bottom, overtaken by Indonesia, which climbed to eighth.
Australia, Singapore, New Zealand top
Australia topped the ranking, followed by Singapore, New Zealand, South Korea, Hong Kong, Taiwan and Malaysia.
The report shows only nine per cent of organisations in Thailand are at the advanced stages of digital agility. It also indicated that 91 per cent of organisations surveyed in Thailand are still falling behind in terms of digital agility, placing them into the “slow or tactical” stages of digital agility maturity.
The survey found that a lack of suitable and skilled talent in talent acquisition and actively retaining them were the top two challenges cited by Thai organisations in pursuing digital transformation.
Lack of skilled talent in Thailand
According to the report, the lack of skilled talent to carry out digital transformation initiatives is a key challenge to be addressed in Thailand. Some 80 per cent of Thai corporate human resources leaders said they have “challenges in identifying the right skills” needed to support evolving business requirements.
Only seven per cent of organisations have a holistic talent management strategy in place with employee engagement and data analytics to identify training needs and growth areas, which highlights the importance of closing the talent gaps within their workforce.
Challenges cited by information technology leaders include a lack of consistent integration across systems which impacts decision making and difficulty in choosing the right technology solutions that can help drive business agility.
Progress being made in the region
From a regional perspective, only 38 per cent of organisations surveyed are in the advanced stages of digital agility. But progress is being made overall, as this figure reflects an 18-percentage-point increase when compared to 2020.
“While there is considerable progress with more organisations making the leap to become agility leaders, the fact that the majority of organisations within Asia Pacific are still lagging creates an opportunity to help organisations digitally accelerate,” Sandeep Sharma, president for Asia at Workday, said.
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Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.
Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.
Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.
Thailand has been ranked at the bottom of nine Asia-Pacific markets for digital agility despite its claims of aiming to become a "digital hub" in the region and progress to a "Thailand 4.0" digital economy era. The results are the outcome of a study commissioned by Workday, a US-based provider of enterprise cloud applications, together with market intelligence firm International Data Corporation (IDC). The ranking is based on the IDC-Workday Digital Agility Index Asia-Pacific 2022 report and determines the state of digital agility among Asia-Pacific organisations by assessing four dimensions: organisation and culture, people, processes and technology. More than 800...
Thailand has been ranked at the bottom of nine Asia-Pacific markets for digital agility despite its claims of aiming to become a “digital hub” in the region and progress to a “Thailand 4.0” digital economy era.
The results are the outcome of a study commissioned by Workday, a US-based provider of enterprise cloud applications, together with market intelligence firm International Data Corporation (IDC).
The ranking is based on the IDC-Workday Digital Agility Index Asia-Pacific 2022 report and determines the state of digital agility among Asia-Pacific organisations by assessing four dimensions: organisation and culture, people, processes and technology.
More than 800 senior human resources, information technology and finance leaders were surveyed across nine markets in the region from December 2021 to February this year.
Thailand slipped one position from its 2020 ranking to ninth at the bottom, overtaken by Indonesia, which climbed to eighth.
Australia, Singapore, New Zealand top
Australia topped the ranking, followed by Singapore, New Zealand, South Korea, Hong Kong, Taiwan and Malaysia.
The report shows only nine per cent of organisations in Thailand are at the advanced stages of digital agility. It also indicated that 91 per cent of organisations surveyed in Thailand are still falling behind in terms of digital agility, placing them into the “slow or tactical” stages of digital agility maturity.
The survey found that a lack of suitable and skilled talent in talent acquisition and actively retaining them were the top two challenges cited by Thai organisations in pursuing digital transformation.
Lack of skilled talent in Thailand
According to the report, the lack of skilled talent to carry out digital transformation initiatives is a key challenge to be addressed in Thailand. Some 80 per cent of Thai corporate human resources leaders said they have “challenges in identifying the right skills” needed to support evolving business requirements.
Only seven per cent of organisations have a holistic talent management strategy in place with employee engagement and data analytics to identify training needs and growth areas, which highlights the importance of closing the talent gaps within their workforce.
Challenges cited by information technology leaders include a lack of consistent integration across systems which impacts decision making and difficulty in choosing the right technology solutions that can help drive business agility.
Progress being made in the region
From a regional perspective, only 38 per cent of organisations surveyed are in the advanced stages of digital agility. But progress is being made overall, as this figure reflects an 18-percentage-point increase when compared to 2020.
“While there is considerable progress with more organisations making the leap to become agility leaders, the fact that the majority of organisations within Asia Pacific are still lagging creates an opportunity to help organisations digitally accelerate,” Sandeep Sharma, president for Asia at Workday, said.
Support ASEAN news
Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.
Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.
Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.
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