FPT Chairman on Digital Transformation: “Get on board or get left behind”

Digital transformation has moved from strategy to execution for major businesses around the world. To stay in the game, according to FPT Chairman Truong Gia Binh, it’s no longer a choice for businesses, “you either get on board or get left behind”.

According to a recent report by International Data Corporation (IDC), worldwide spending on the technologies and services that enable the digital transformation (DX) of business practices, products, and organizations is estimated to reach nearly $2 trillion by 2022. In 2018 alone, DX spending was estimated at $1.3 trillion, growing four times faster than spending on IT services, the IDC’s report reads.

“In such a potential market, the opportunities are huge for first-movers”, Dr. Binh said at the FPT 2019 shareholders’ meeting last March.

After two decades of leading Southeast Asia in IT services, FPT has decided to shift its focus onto digital transformation, starting from 2019. The company sets to be named in the world’s Top 50 digital transformation service provider within 10 years.

It seems that the global IT firm have acquired all the materials needed to realize its ambition. “We have customer insights, top-notch experts in digital transformation and particularly the advisory of Dr. Phuong Tram who has led and implemented Dupont’s digital transformation activities – a classic success DX story of the world”, FPT chairman told the investors. “We are ready and confident to conquer the digital transformation challenges”, he affirmed proudly.

FPT’s capabilities to advise and implement digital transformation strategies have been proven through its collaboration with corporate clients around the world, many of which are Top Fortune Global 500 companies such as Airbus, RWE, etc.

In the period of 2019-2021, FPT aims to position itself as provider of a high-end services such as digital transformation consulting and strategizing. The company also pledges to transform itself to a real-world DX success story that could be showcased to potential clients.