ASOCIO launches Vision 2020
The Asian-Oceanian Computing Industry Organization (ASOCIO), in partnership with KPMG India, launched a new report into the future of the regional IT services industry: Asia-Oceania Vision 2020: Enabling IT Leadership through Collaboration at the ASOCIO General Assembly & ASOCIO ICT Summit in Melbourne recently.
The report provides an analysis of current and projected IT services and outsourcing markets across the Asia Pacific.
According to the Asia-Oceania Vision 20-20, the Asia Pacific region is set to become the largest regional economy in the world by 2020, rising from 35 to 43 percent of global GDP and increasing their share of world exports from 27 to 35 percent.
It is interesting to note that the report also states that ICT will be critical to this rise to dominance in the world economy. Combined, Asia Pacific economies have the opportunity to deliver 75 percent of the world’s information technology demands over the next decade.
“The key to accelerating the realisation of the growth opportunities available to individual economies and the national ICT industries in the region will be proactive collaboration,” said outgoing ASOCIO President Ashank Desai, while addressing attendees at the ASOCIO ICT Summit, adding that “ASOCIO can play a major role by enabling member economies to aggressively collaborate to achieve their 2020 vision,”
“The traditional areas of collaboration – such as trade in hardware and software – are the tip of the iceberg,” said Kumar Parakala, Head of IT Advisory at KPMG India and Chairman of the Australian Computer Society National Board.
“The real long term benefits will come from collaboration between regional technology players in a way that is not yet well developed in the marketplace – in areas such as knowledge sharing to strategic acquisitions,” he said.
This will require a new development approach and innovative thinking, facilitated by extensive and constructive use of ICT, with each economy adopting specialised roles to draw on collective opportunities that will far exceed those available in isolation. Pakistan (represented by P@SHA) is one of the 23 economies who are members of ASOCIO.
Collaboration can play a key role, helping countries in the region build on collective strengths and overcome shortcomings, to grow faster than they would expect to grow in isolation.
The Vision 2020 report identifies the specific challenges that each of the member economies must address in order to realise the benefits on offer.