Digital transformation will add 0.7% annual GDP growth to New Zealand – Microsoft, IDC
New Zealand’s GDP will be boosted by $9.6bn (US7$bn) over the next four years, according to new research from Microsoft and the International Data Corporation (IDC).
This equates to an annual GDP growth of 0.7%, powered by the 95% of Kiwi organisations currently embarking on digital transformation projects, says the report titled ‘Unlocking the Economic Impact of Digital Transformation in Asia Pacific’.
In the wider Asia Pacific (APAC) region, digital transformation will add an estimated US$1.16trn to combined GDP by 2021.
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- Read the March edition of ANZ Business Chief magazine
Ralph Haupter, President, Microsoft Asia, commented: “Digital transformation has a positive and measurable impact on Asia Pacific’s economy, and it is widely regarded that every organisation needs to be a digital one.
“In fact, organisations are seeing tangible improvements from their digital transformation initiatives between the ranges of 15% to 17% today, which shows that digital transformation is no longer an idea, but a reality.”
In New Zealand, some 55% of GDP is forecast to be derived from digital products and services, which is set to drive growth in every industry.
Daniel-Zoe Jimenez, Research Director Digital Transformation Practice Lead, IDC Asia/Pacific, added: “The study shows leaders seeing double the benefits of followers, with improvements in productivity, cost reductions, and customer advocacy. To remain competitive, organisations must establish new metrics, realign organisation structures, and rearchitect their technology platform.”
While 95% of NXZ organisations are embarked on digital projects, only 7% are classed as leaders in the study.
The below infographic summarises the findings across the whole APAC region.
EDGEMATRIX and NTT DOCOMO deliver AI at the edge
Leading Japanese telecommunications firm NTT DOCOMO, together with startup EDGEMATRIX, is harnessing the power of 5G to support artificial intelligence-enabled video, real-time analytics and, ultimately, the next step in the evolution of the modern smart city.
Founded under the roof of Silicon Valley tech firm Cloudian, EDGEMATRIX has grown into a cutting edge startup based in Japan. NTT DOCOMO has been a shareholder in the company since 2019, having spent the past two years jointly developing and commercialising EDGEMATRIX's revolutionary edge-AI platform using high-speed, high-capacity, low-latency 5G technology. NTT DOCOMO, together with EDGEMATRIX, launched a world-first edge AI platform for intelligent video analytics, enabling high resolution, high security, and real-time video using AI.
Courtesy of EDGEMATRIX
The platform simplifies, manages and oversees the implementation and integration of AI at the edge, which captures, analyses and stores video close to where it is captured in industrial and retail settings, "on location at factories, buildings and other outdoor and indoor locations." The solution is also used in social infrastructure such as roads, railroads, and long-term care facilities for safety monitoring and anomaly detection.
Using Edge AI Box, a compact indoor and outdoor device equipped with a GPU for deep learning-based AI and a communication module (WiFi/LTE/5G) together with various interfaces such as camera connection, it becomes possible to process video streaming from surveillance cameras on-site (at the edge) and in real-time. EDGEMATRIX's Edge AI Boxes can be installed across a site and then monitored using the company's platform. The platform maps the locations of multiple Edge AI Box devices installed on site, monitors their operational status and enables the devices to be controlled remotely.
EDGEMATRIX's customers can use the platform to pruchase additional AI applications from a rapidly-expanding ecosystem which allow them to implement the right solution for the right situation. This simplifies the implementation and upgrade of edge AI for processing and storing video data captured with video cameras at customer premises either outdoor or indoor. Using "Edge View" feature, it is also possible to simultaneously display on the browser a large number of AI-processed real-time videos from the field.
Partnerships like this are key to NTT DOCOMO’s efforts to integrate 5G technologies into the modern enterprise.
Zaif Siddiqi, Executive Director and Global Head of NTT DOCOMO’s 5G & IoT Business Department, comments: “When you're approaching digital transformation, there's more to it than just leveraging cutting edge technologies into new customer experiences.” Unless the needs of the customer, and the underlying market forces at play, can be truly understood, “5G doesn’t mean anything,” he explains, adding that in order to find the right contexts for deployment, “Selection of the right partners is extremely important to delivering on the potential value of 5G.”