FINAL WORD
Technology continues to be seen as central to business growth and development
Globally, we’ re united by the belief that technology is not only conducive to economic growth but vital to business success. A resounding 97 % of business executives identify technology as the core determinant of their companies’ ability to compete. This is set against the backdrop of a globalized world, where the business landscape is more competitive than ever. All executives surveyed agreed that implementing technology has made their organizations more productive( 62 %) and efficient, which, for most, has reduced their operational costs( 48 %) as a byproduct. This locates technology as a critical enabler to stand out, as businesses successfully leveraging technology can optimize processes, support teams, and develop cutting-edge products at a competitive price.
However, we see regional variances in how far and in what ways technology supports businesses. In general, there is greater optimism amongst US respondents, who identified 35 % and 25 % more benefits from implementing technology than French and German respondents. This likely reflects the reality that 42 % of American executives can link technology usage to increased financial performance versus just 28 % of German and 33 % of Italian executives. There is much discussion about why these differences occur, despite similar intentions to use and invest in technologies. One popular explanation is that the US economy favours fast tech development and adoption, whereas greater regulations across Europe contribute to a slower rate of adoption.
As executives race to invest in technology to support business growth, there must be an equal race to understand how technology works.
www. intelligentcio. com INTELLIGENTCIO NORTH AMERICA 83