Lack of suitable and skilled talent is the biggest challenge facing Thai organizations to drive digital agility

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Shortage of skilled talent for digital transformation

Lack of skilled talent to drive digital transformation initiatives is a major challenge in Thailand. 80% of HR managers surveyed said they struggled to identify the right skills needed to meet changing business needs. Only a minority (7%) of organizations in Thailand have a holistic talent management strategy in place with employee engagement and data analytics to identify training needs and areas for growth, highlighting the importance of addressing talent gaps within their workforce.

Lack of adoption of enterprise-level technologies to drive digital agility

Full integration of digital tools and processes can provide a single holistic view of assets, enable data-driven insights, and foster greater digital agility.

However, 61% of organizations in Thailand are currently executing digital initiatives at the line of business level based on immediate needs, rather than at an enterprise-wide strategic and cross-functional level.

This in turn hampers business growth. Implementation challenges also differ by function.

Challenges cited by IT leaders include the lack of consistent integration between systems, which impacts decision-making (40%) and difficulty choosing the right technology solutions that can help boost business agility. the company (70%). On the other hand, finance leaders (80%) said they face challenges in building a culture of cost control for predictable cash flow. Only 3% of Thai organizations currently manage costs using data-driven cost optimization that leverages enterprise-wide and ecosystem-wide data.

Need for greater collaboration between CFOs, HR directors and CIOs to drive business agility in the post-pandemic era

In the new normal driven by a digitally driven economy, leveraging digital agility can deliver competitive advantages. This is only possible if organizations rethink their approach to closing digital agility gaps through technology and aligning business functional requirements across the C-suite.

To achieve positive business outcomes, organizations must not only accelerate their digital transformation to close the agility gaps, but also embrace an integrated approach as a strategic imperative. This requires CFOs, HR directors, and CIOs to collaborate and work on their cross-functional digital transformation initiatives, and integrate digital talent management, HR and finance processes.

News Comments

“While there is tremendous progress with more and more organizations embarking on becoming leaders in agility, the fact that the majority of organizations in Asia-Pacific are still lagging behind creates an opportunity for ‘helping organizations digitally accelerate,’ said Sandeep Sharma, president for Asia, Workday. “With agility now a key source of competitive advantage in today’s digital economy, organizations supported by data-driven processes and infused with digital skills and work cultures are best positioned to thrive. in today’s changing world.”

“The unprecedented disruption caused by the Covid-19 pandemic has forced many organizations to accelerate their digital transformations. It’s no surprise to see increased technology adoption driving agility,” said Lawrence Cheok, associate research director of digital transformation at IDC. “However, true digital agility is about capitalizing on change to thrive. To do this, organizations need to emulate agile leaders and move from tactical transformations to enterprise-wide strategic transformations in their culture, their people, their processes and the implementation of the technology.”

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