Recognizing the ever-changing landscape of technology and the impact it has on the business environment, we are proud to announce the winner and the three finalists of the 2023 Technology Strategy Impact Awards in the Asia-Pacific Region (APAC).
The companies that have made it this far have excellently executed not just technology but innovative strategies that have driven growth and helped them stay a cut above their peers.
Dr. Reddy’s Laboratories: Translating Pharma Dreams into Reality
As the winner of this year’s award, Dr. Reddy’s Laboratories has led the way in using technology as a tool for overcoming conventional industry challenges. A pharmaceutical company with its roots in Hyderabad, India, Dr. Reddy’s has used cloud technology to restructure and streamline its business processes.
The company successfully recalibrated its strategies following the COVID-19 pandemic, strategically aligning its technology to seamlessly blend physical and digital interactions between doctors and patients. Central to its winning strategy are the following pillars:
- A technology strategy that drives business value.
- A human-centric approach.
- Constant talent development.
- A platform business model.
AIA Group: Life Made Better
AIA Group is one of the three finalists in the award race. The company is the largest publicly listed life insurance group in the Asia Pacific. At the very core of the AIA Group’s corporate strategy is Technology, Digital, and Analytics (TDA).
Its journey of transformation has led to a paradigm shift in stakeholder digital journeys, an enhancement of its digital infrastructure, and a growth in the analytics-powered data platforms. The transformative pillars of its strategy include:
- Focus on stakeholder value.
- Net Promoter Score℠ (NPS)
- Insights-driven alignment.
- Connected ecosystems.
- Emphasis on nurturing the right skills.
Macquarie’s Banking: A New Dawn for Digital Banking in Australia
Macquarie’s Banking and Financial Services Group, another finalist, is best known for its innovative retail banking and wealth management services. The bank’s major shift towards a future-oriented strategy came a decade ago when it decided to rebuild its tech platform from scratch, focusing on cloud technology.
In 2023, it launched the D3E division that centred on digital, design, data, and engineering. The pillars of its future-fit technology strategy include:
- Business and customer value.
- Modern technology platforms.
- A high-performance operating model.
- A customer-focused culture.
United Overseas Bank: Transforming Banking with Data Insights
United Overseas Bank (UOB), our last finalist, is a multinational banking corporation based in Singapore. It has built its technology strategy on the pillars of connectivity, personalisation, and sustainability—an approach that enables it to flourish using data-driven insights and an agile cloud infrastructure. Here are its key strategic dimensions:
- Balancing efficiency and effectiveness.
- Driving the business with trusted insights.
- Embracing adaptive practices.
- Forming partnerships for technology and business success.
In closing, these nominated companies have shown what it means to not just implement technology, but to align it with their corporate strategy and business model. Their resilience and commitment to customer satisfaction make them deserving of their places in the 2023 Technology Strategy Impact Awards APAC.
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