Growth Ahead of Cambodia
The World Bank has maintained its economic growth forecast for Cambodia at 5.5 percent in 2023 and raised it to 6.1 percent in 2024. The Southeast Asian country's growth is driven by garment export, tourism, agriculture, and construction and real estate, reports Xinhua news agency. While this spreads a sense of optimism around the country’s business landscape, they must expect headwinds in the form of various challenges.
With the prevailing hybrid work culture on one side and the dynamically growing technology landscape on the other, corporate organizations in the country have their hands full. The term ‘business continuity’ has acquired multiple dimensions in the aftermath of the pandemic. On the other hand, the increasing cyberthreat landscape takes it a bit far, making it almost inevitable to amass all the help you can get. A little bit of help from the experts outside could go a long way in ensuring business continuity.
Additionally, organizations are forced to chase the ridiculous pace of technology and the need to set their shop up in the digital world. Then again, subject matter expertise and knowledge are of paramount importance when it comes to the digital transformation of a business. Technology becoming more and more plug and plays helps as well. Business Consultancies would add value by using AI and analytical tools and offering quantifiable results, combining domain knowledge with technology to provide products and solutions. Nothing can replace specialized human expertise and experience.