AI and Cyber Security Dominate ASEAN Enterprises' Digital Transformation Priorities

Investments in AI surge, but challenges in data quality and cyber security readiness persists

SINGAPORE, Dec. 20, 2024 /PRNewswire/ -- As ASEAN enterprises dive deeper into digital transformation, artificial intelligence (AI) has emerged as the crown jewel of technology investments. What does this mean? Well, according to the 2024/2025 ASEAN Enterprise Innovation Market Overview AI has surged to the forefront as the leading investment priority. Insights from over 900 ASEAN business and technology leaders across diverse industries reveal that 75% of businesses plan significant AI investments within the next two years - a leap from just 34% in 2020.

But while the race to adopt AI is accelerating, it's not all smooth sailing. Data quality and availability remain stubborn roadblocks, cited by nearly 78% of respondents as the biggest hurdle to unlocking AI's potential.

It's a complicated relationship status: while AI ambition skyrockets, the groundwork for its success is still a work in progress.

Cyber Security: Rising Threats, Growing Budget

As the digital landscape evolves, so do the threats. ASEAN governments are stepping up their game with stringent regulations, such as Malaysia's Cyber Security Act this year and Vietnam's Personal Data Protection Act, pushing enterprises to bolster their defences.

Some of the pressures cited include Phishing and Social Engineering attacks (42.9% of respondents), followed closely by malware and ransomware, and not to mention a glaring shortage of skilled cybersecurity talent.

Yet, many businesses seem to be caught in a budgetary bind. While 25.5% of respondents believe 'more than 15% of IT budget' should be devoted to cyber security, only 5.9% of respondents are making such allocations.

The result? A widening gap between the security measures organisations know they need and what they're actually implementing.

ASEAN's Digital Transformation: Opportunities and Challenges

Beyond AI and cyber security, the report shines a spotlight on how digital technologies are becoming key allies in addressing Environmental, Social, and Governance (ESG) goals.

Over half of ASEAN enterprises see digital tools as essential to tackling these challenges, underlining a growing alignment between innovation and sustainability.

But hurdles remain. Legacy IT systems and organisational silos still hold back progress, with 41% of businesses identifying these as significant barriers to digital transformation.

What's Next for ASEAN Enterprises?

To keep pace with the region's rapid digital transformation, ASEAN enterprises are also focusing on emerging technologies beyond AI, including big data analytics, Internet of Things, and robotic process automation. However, challenges in talent acquisition, data readiness, and cyber security preparedness persist.

To thrive in this ever growing landscape, enterprises need more than just cutting edge tech. They require robust strategies that balance innovation with sustainability, data governance, and cyber resilience.

Explore exclusive country-specific insights and sector analyses in the AIBP ASEAN Enterprise Innovation Market Overview 2024/2025. Stay ahead in a dynamic market—register now for your access: https://www.aibp.sg/aibp-reports-2024

About the ASEAN Enterprise Innovation Market Overview Report

Since 2016, the ASEAN Enterprise Innovation Market Overview Report has served as an insight into how digital transformation is shaping the Southeast Asia region. Each year it gathers insights from hundreds of business and technology leaders from various industries, offering valuable perspectives on trends, challenges and progress in the digital space. The survey highlights key areas like investment focus, technology adoption and challenges across countries. The ASEAN Enterprise Innovation Market Overview is a useful resource for business leaders, policy makers and innovators who want to understand the region's digital growth and make informed choices.

About ASEAN Innovation Business Platform (AIBP)

AIBP serves as an avenue for public and private organisations in Southeast Asia to access information about enterprise growth and innovation. With a current network of over 30,000 stakeholders in Southeast Asia, AIBP continues to develop ecosystems by engaging in activities which create value-adding information for our stakeholders seeking to make transformative impacts within their organisations. For additional information about AIBP, please visit www.aibp.sg

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

AI and Cyber Security Dominate ASEAN Enterprises' Digital Transformation Priorities

XIAMEN, China, Dec. 20, 2024 /PRNewswire/ -- Antaisolar, expert in digital intelligent PV mounting system solutions, has officially published its first Environmental, Social, and Governance (ESG) report, marking a significant step in its commitment to sustainable development. The report outlines Antaisolar's ESG vision, achievements, and future objectives, centered on its newly unveiled「RAISEã€sustainable development strategy, which aligns seamlessly with their slogan, "RAISE a Green World".

The RAISE strategy is built around five core pillars: Robustness, Advancement, Inclusiveness, Symbiosis and Engagement

In its first ESG report, Antaisolar showcases their ambitious environmental goals and significant milestones.

Environmental Goals:

Antaisolar has set clear environmental goals for the next five years, covering carbon emissions, recycled materials, heavy metals, reclaimed water, recyclable packaging, and electric vehicles in factory operations. Notably, Antaisolar plans to achieve 100% operational carbon neutrality by 2025 and 80% production carbon neutrality by 2028. These ambitious goals reflect Antaisolar's strong commitment to sustainable development.

To achieve these goals, Antaisolar has made substantial efforts and achieved significant progress.

Environmental: Antaisolar adheres to circular economy principles to enhance resource efficiency and recycling across all operations. The company has fully implemented the ISO 14001 environmental management system and complies with global wastewater and exhaust emission standards. Antaisolar generates 478.74 MWh of electricity through rooftop PV at its factories and effectively manages and recycles solid waste, including aluminum and carbon steel.

Social: Antaisolar has invested 38.3 million RMB in R&D, has 99 R&D experts and dedicating 3.35% of the company's revenue to innovation in product's materials, structures, and intelligant algorithms. The company also prioritizes employee diversity, with 47% female employees, and invests 430,000 RMB in training, providing an average of 28 hours of skill development per employee.

Governance: Antaisolar prioritizes product development and quality assurance, with a strong commitment to environmental and ethical practices. This dedication earned the company the ECOVADIS Bronze Award in 2023, recognizing its leadership in corporate responsibility.

"Sustainable development is not just a goal, it is a responsibility and a commitment to future generations," said Jasmine Huang, CEO of Antaisolar. Antaisolar's ESG report reflects its dedication to aligning business success with environmental stewardship, social responsibility, and governance, laying a strong foundation for continued leadership in the renewable energy sector.

For more information, visit www.antaisolar.com to read the full ESG report.

Contact:
mkt@antaisolar.com 

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Antaisolar Releases Its First ESG Report, Highlighting Commitment to Sustainable Development