ASEAN’s digital potential is being realized as we speak, creating massive opportunities for business and governments alike. ASEAN’s 2.9 trillion GDP and 6 percent growth of the CMLV (Cambodia, Myanmar, Laos and Vietnam) region make this a market ready to reap the rewards of the quickly transforming workforce and rapidly evolving business models.
A digital revolution is set to transform daily life in ASEAN in the coming years. Technology advancements could make physical cash increasingly obsolete and cities smarter, safer places to live. Significant progress is already underway, such as:
- Singapore’s Smart Nation initiatives.
- Thailand’s ASEAN digital Innovation hub.
- Philippines announcing 5G availability starting with fixed wireless service.
The region’s digital initiatives and innovations across healthcare, e-governance, travel services, ecommerce, digital media and even ride-hailing contribute to the tripling digital economy forecast of $240 billion by 2025. Largely driven by cloud technology transformation, ASEAN has an opportunity to pioneer the development of new digital services, especially advanced mobile financial services and e-commerce. Digital champions and early adopters lead the way for the broader economy.
Yet on a multi-cloud journey, organizations face increasing complexities associated with diverse infrastructures, management tools and processes. Amongst this whirlwind of activity and opportunity, many business leaders may feel they are at a crossroads.
Our recent VMware “Agents of Cloud” LinkedIn Q&A — Ask Me Anything on Cloud — enabled business and IT leaders to ask experts their biggest cloud questions. The program revealed that scale, support, multi-cloud operability and security are still concerns that could limit the region’s progress.
Here are three highlights and insights from the “Agents of Cloud” Q&A:
1. Security in the Cloud
With the release of an updated ASEAN framework on digital data governance, it has become increasingly clear that data security is extremely important to key regional stakeholders. That being said, integrity of data in the cloud can remain safe when security becomes intrinsic. This means approaching security with a focus on applications more than infrastructure, shrinking the attack surface instead of chasing threats. Learn more about this approach.
2. Cloud Costs Efficiency
The diversity and heterogeneity across ASEAN markets mean that doing business in the region can be costly. However, when done right, organizations can automate cloud cost analysis, consumption metering, cloud comparison and planning. These tactics deliver cost visibility and insights that allow an organization’s cloud ecosystem to be run at maximum cost efficiency. Find out how you can optimize cloud’s total cost of ownership.
3. Safeguarding Business Continuity
The entire business model of cloud providers rests on trust and uptime. Businesses can choose to work with cloud providers who have strict service levels to adhere in order to ensure business continuity. If you are interested, do have a look at the SLA for VMware Cloud on AWS.
Cloud will be a key component for organizations looking to pursue their digital transformation journeys and contribute towards an internet economy expected to reach $200 billion in Southeast Asia by 2025. And we are encouraged by the results we’ve seen among customers so far, with forward-thinking organizations, like United Overseas Bank, embracing VMware Cloud on AWS to meet the growing digital demands in ASEAN.
ASEAN is in a strong position to lead the next wave of global innovation, thanks to the entrepreneurial and open mindsets of companies and governments. And the cloud will be there at every step of the way, offering the region’s businesses the choice and flexibility they need to scale in step with their ambitions. If things go well for organizations within the region, the next few years could have incumbent global players looking to these companies for advice.