Thu, Dec 8, 2016 | updated 05:43 AM IST

Public, private sector collaboration key to growing application economy in Asia Pacific, Japan: CA Technologies Study

Updated: Aug 04, 2016 14:23 IST

Mumbai, Aug.4 (ANI-Newvoir): CA Technologies today announced the Asia Pacific and Japan (APJ) results of a Global Economist Intelligence Unit (EIU) survey commissioned to discover how key players - governments, enterprises and start-ups - are navigating the application economy.

According to App Nations: Start-Ups, Statesand Enterprises, significant collaboration exists between the public and private sectors across APJ, with more than 95% of government respondents, 90 percent of enterprises and 81% of start-ups in APJ concurring that they have seen collaboration among the three groups.

In fact, more than 74 percent of government respondents in APJ have indicated that application start-ups are crucial or important in driving growth of the application economy and 79 percent say the same for large enterprises who have application-based products and services

"Across Asia Pacific and Japan, we are witnessing digital transformation becoming an integral part of the national agenda for many governments. In the application economy, where every business is a software business, growing digital capabilities has become the key to staying competitive," said Kenneth Arredondo, President and General Manager, APJ, CA Technologies. "Governments, start-ups and even large enterprises are not only beginning to understand the necessity of this, but that partnerships, be it technology integration or B2B sales, can be a boon to their growth."

However, all parties also agreed that there is still more that can be done. In APJ, government respondents named a shortage of tech talent stemming from a lack ofeducational or training programs as the largest barrier to growth of the application economy (48%). This was followed by one-third of APJ government respondents pointing to a lack of public funding.

Highlights of the Survey Revealed

85 percent of government respondents in APJ see the technology sector as an important and often crucial driver of economic growth in their regions

71 percent of government respondents in APJ say that the application economy has positively impacted job growth, economic competitiveness, or the ability to provide better services to citizens.

57 percent of government respondents in APJ indicate there are specific initiatives, policies or regulations for the applicationeconomy in their jurisdiction.

87 percent of enterprises and 64 percent of start-ups in APJ characterize their relationships with each other as slightly or very helpful, but also identify competitive threats posed by each other.

57 percent of start-ups and 67 percent of enterprise respondents in APJ expect cyber security risks to increase over the next two years and pose a threat to their success.

In addition to the survey, CA Technologies has sponsored the creation of an interactive map, Hotspots of the Application Economy, featuring insights about 10 cities (including Beijing, Bangalore, Seoul and Sydney) that are hotbeds of activity in today's application economy, together with an overview of supporting regional landscapes.

App Nations: Start-Ups, States and Enterprisesis a report from The Economist Intelligence Unit (EIU) sponsored by CA Technologies. In May and June 2016 The EIU conducted three integrated global surveys on the topic of the application ecosystem, in which 377 respondents in total took part. The start-up survey sample numbered 125 respondents; the enterprise sample 127 respondents; and the government sample 125 respondents. (ANI-Newsvoir)