When considering how fast they can adapt to change, European business leaders are three times as likely to compare their company to a speed boat (48 per cent) than a super tanker (17 per cent), while believing the opposite of their competitors. The reality is, as they seek to change faster, they are being clouded by the triple challenge of a rapidly evolving workforce, technology-led disruption and the underlying core business processes that ensure change is sustainable.
- The Challenge of Speed
- Activating the iWorker
- Bigger Data
- The Change Making CIO
- Humans and Machines
- A New Perspective: Document Governance
- The Dramatic Impacts of Document-Driven Business Processes
- The next decade of technology in business
- The future of technology disruption in business
- Businesses to enter a new era of decentralisation
- The CIO and CMO to form dynamic partnership and enable customer-led innovation
- Chief Executives should not be held to ransom by technology
- Businesses unable to keep up with impacts of technological change may disappear by 2020
- Ricoh Process Efficiency Index
- Businesses play a risky game with document security
- Healthcare, education and financial service organisations at risk of document compliance breaches
- Existing business processes across Europe are unnecessarily labour intensive
- Managing the costs of document processes in Europe
- Document processes have far reaching impacts
- The European Union's Digital Agenda
The Challenge of Speed
Driven by ever-increasing globalisation and technological innovation, as well as rocketing consumer expectations, Europe’s businesses must evolve to become better positioned for faster change.
In a study called ‘The Challenge of Speed’ conducted by the Economist Intelligence Unit, and sponsored by Ricoh, 73 per cent of senior executives across Europe reveal that their companies need to be faster in order to adapt to changing business conditions.
The report also highlights how European companies across a range of industries are responding to the challenges of enhancing business agility and what steps they should take to be faster.
In addition to a series of interviews, the survey sample included 461 senior, Europe-based executives. Almost half (49 per cent) are C-level or above and a further 23 per cent are SVPs, VPs, or directors.
As financial services organisations juggle conflicting demands from consumers, regulators, and shareholders, the must also navigate the challenge of adapting to change faster. Retail, corporate and investment banks, as well as insurance businesses, are using technology extensively to operate faster - more than in any other industry. However, as unconnected legacy systems continue to slow them down, there is an urgent need to further review technology assets and simplify core information and document processes.