KUALA LUMPUR: Most of the business leaders in Malaysia believe their businesses have been disrupted by technology rather than them being the disruptors, according to a survey by global law firm Baker McKenzie.
Wong & Partners, a member firm of Baker McKenzie International, said 88 percent of the respondents polled from Malaysia described themselves as being disrupted, reflecting the trend seen across the AsiaPacific region. The research, titled “The Age of Hypercomplexity: Technology, Business and Regulators in Asia-Pacific”, also showed that a substantial 76 percent of respondents have experienced a major technological disruption in their sectors over the past two years, and believe that the pace of disruption will accelerate further over the next two years, it said in a statement yesterday.
“This could be a concern when viewed together with the fact that only eight percent see themselves as being ‘highly adept’ at taking advantage of technological changes in their particular fields,” said Adrian Lawrence, Baker McKenzie head of technology, media and telecoms (TMT) for Asia-Pacific. – Bernama
