gil executive brieﬁng 2019: asia paciﬁc outlook · 2019-03-25 · gil executive briefing 2019 |...

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


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


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


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


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


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


89Companies Industries Attendees

9 124


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


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Company, works in collaboration with clients to

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global challenges and related growth

opportunities that will make or break today's

market participants. For more than 50 years, we

have been developing growth strategies for the

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© 2019 FROST & SULLIVAN

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profound wave of industry convergence,

disruptive technologies, increasing competitive

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practices, changing customer dynamics and

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gil executive brieﬁng 2019: asia paciﬁc outlook · 2019-03-25 · gil executive briefing 2019 |...

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