Transform or go under: That's what's keeping bosses in Asia Pacific awake at night, according to new research from Dell Technologies.
Dell released survey findings on Thursday that showed 83 percent of leaders at mid-to-large-sized companies in the region saw digital start-ups as a threat to their business longevity.
More than half, meanwhile, believe their businesses could be obsolete in the next three to five years due to competition from start-ups.
The reason? Technology has leveled the playing field between tech-savvy entrepreneurs and large corporations with ample resources.
"The influence of [the] digital revolution has led to a significant decline in the barriers to entry across industries," Amit Midha, president of Asia Pacific Japan (APJ) commercial at Dell EMC, explained.
"Aided by the strong entrepreneurial spirit and government support in the APJ region, we have witnessed the rise of numerous digital start-ups," he said.
Start-ups in the region have a number of new drivers for success, including government support, improved networking opportunities and a ready supply of funding.
Many governments - Singapore is a prime example - have taken an active role in nurturing entrepreneurs through public and private grants.