| | AUGUST 202319Next, Advanced organisations are able to drive effective digital transformation. Organisations must ensure that their digital transformation projects can overcome complex challenges and have a positive and sustained impact. For example, Advanced organisations have reported that 64 percent of their workload runs in the cloud, enabling them to be more efficient. Findings show that 53 percent of Advanced organisations are more likely to have had successful digital transformation projects over the last two years while only 25 percent of Beginner organisations were able to do the same.Lastly, organisations with Advanced digital resilience capabilities are more likely to achieve their financial performance goals. When it comes to meeting or exceeding growth goals in the last fiscal year, results found that there is a 17 percent difference between Advanced and Beginning organisations. Publicly traded organisations that participated in the study also reported stock price growth with Advanced organisations reporting an 82 percent increase while Beginning organisations reported 70 percent. Digital Resilience Maturity Levels VariesAcross APACIt is no surprise that we also see disparate maturity levels of digital resilience across Asia Pacific. Government policies, infrastructure availability and the lack of resources and tech talent to execute digital resilience capabilities are all factors that contributed to the region's varying levels of digital resilience maturity.According to the report, organisations in Singapore experienced the lowest amount of unplanned downtime, clocking only 188 hours while organisations in India experienced the highest amount of unplanned downtime, reporting 342 hours versus 238 hours on average across all other countries surveyed. Despite this result, interestingly, organisations from India were also the most likely to feel fully prepared to adapt to disruption from a recession or from competitors as compared to all other countries.Diving deeper, we found a larger number of Beginning organisations in the region compared to Advanced organisations. One reason, we see, could be due to the greater proportion of organisations in APAC operating on traditional business models and legacy infrastructure that make it difficult to pivot. Another key consideration would be the lack of resources. Even if organisations recognise the benefits of digital resilience, they are unable to make the necessary investments required for long term resiliency and success. The region is also challenged with closing the knowledge gap to stay competitive, in terms of hiring tech-savvy talents or training existing staff.How Centralisation Can Help Boost Efficiency and InnovationOne APAC company that has seen great returns on investment from achieving digital resilience is The Bank of East Asia Limited (BEA), a leading Hong Kong-based financial services group. Operating in a distributed environment, BEA had a lack of network visibility and relied on manual troubleshooting which was time-consuming since each global team had to run its own SIEM. Now, as a first adopter of standardised cloud security information and event management (SIEM) in the local banking industry, BEA has an internationally centralised SIEM. With Splunk Cloud Platform, it helped the bank gain complete network visibility, saving valuable staff time and increasing productivity. Staying Resilient as Disruption Becomes The 'New Normal'Ultimately, the key to enterprise resilience is resilient digital systems. Resilient organisations are able to prevent, recover, survive and thrive amidst disruption and quickly, repeatedly adapt to new operating models, thus allowing them to stay ahead when threats and disruptions continue to grow more sophisticated. Improving cross-functional crisis management, leveraging on machine-learning and auto remediation and empowering security and IT functions to collaborate are just some drivers that can improve resiliency.As per research findings, there is a direct correlation between business resilience and achieving financial performance goals with digital resilience. By unifying security, IT and DevOps as the foundation of digital resilience capabilities, organisations can expect various return on investments that will help their business thrive and give them a competitive advantage in the long run.
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