Chief Executives should not be held to ransom by technology

The majority (70 per cent) of global business leaders acknowledge that there are still plenty of gains to be made in using technology to improve operating efficiency.  They also expect technology advances to deliver greater speed and responsiveness toward customers and, through ever more sophisticated data analysis, the ability to tailor products and services to an unprecedented degree. 

So how can CEOs ensure technology meets their expectations and that their business operations are future proof and agile enough to ensure the organisation remains competitive in the future?

Start at the right place – analyse the journey that critical business information takes before it is turned into knowledge or is adding business value.  Information is one of an organisation’s greatest assets.

Challenge the norm to uncover the bottlenecks – assess the efficiency of the core processes by challenging the traditional ‘way of doing things’.  There is no doubt the processes were efficient when first implemented but are they meeting business needs in today’s big data environment?

Keep an eye on the target – the workplace will continue to change but if the core business processes have been optimised and performance is reviewed on an on-going basis, the organisation can keep its focus firmly on meeting business goals.

The successful organisations of the future will be those that embrace change and harness the benefits from innovative technologies, ensuring they maximise them in order to future proof their information infrastructures and create competitive edge.

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  • Poll

    • Which of the following functions will change the most from the impacts of technology?

  • Procurement
  • IT
  • Human Resources
  • Accounting
  • Sales
  • Customer Services