The future of technology disruption in business

An in-depth report by the Economist Intelligence Unit and sponsored by Ricoh, reveals that the need for businesses to change as a result of technology, is largely attributed to; an increase of low cost computing power, storage and bandwidth available via the "cloud. It also recognises that organisations will continue to accumulate increasing volumes of data, from a growing variety of sources at accelerating speeds – with this trend known as “big data”. In addition, the increase of video-based communication, social media and other tools will all become more widespread in business.  Interestingly, these technologies already exist and while new technologies are likely to emerge, it will be the new ways that current technologies are applied that will continue to drive radical change to business models.  

Carsten Bruhn, Executive Vice President, Ricoh Europe PLC says: “New technologies by themselves won’t necessarily help companies keep up with the changes required to survive and grow.  It’s the business processes behind the technology that must be reviewed and optimised to add real business value.  At the heart of this change, a business must make sure its processes connect people with information, enable greater collaboration and encourage knowledge sharing.  Business leaders need to choose partners that will help them to implement the changes effectively over time.  It is no longer viable to implement new technologies simply to benefit from short term efficiency gains.”

Further key findings reveal:

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  • Poll

    • What will drive the biggest changes of your business critical processes?

  • Big data
  • Social media in business
  • A paperless office
  • More computing power, storage and bandwidth via the “cloud”
  • Decentralised employee decision making
  • Customer led-innovation