KUALA LUMPUR, June 19 – A new report from NTT DATA, a leading global IT infrastructure and services company, reveals that 80% of organizations globally believe inadequate or outdated technology is stifling innovation. In the APAC region, 93% of C-suite executives agree that legacy infrastructure is significantly hampering business agility.

The findings, detailed in NTT DATA’s inaugural Lifecycle Management Report, highlight the urgent need for robust infrastructure lifecycle management to improve business continuity and reduce operational risk. The report, based on data from over 248 million active assets across 130 countries and insights from 1400 senior technology decision makers, underscores the challenges of maintaining technology infrastructure in a rapidly modernizing, fragmented supplier ecosystem. Gary Middleton, Vice President of Networking GTM at NTT DATA, emphasized the importance of effective lifecycle management to drive business benefits and mitigate security and operational risks.