Unlocking Value in High-Performing Organizations
Recent research highlights the significant factors that enable organizations to realize genuine value from their technology investments. In an era where digital transformation reigns supreme, understanding what fuels high-performing companies can illuminate the path to enhanced efficiency and productivity.
Key Findings from Infor's Global Study
The comprehensive study conducted by Infor involved more than 3,600 respondents from various countries and sectors. The results were eye-opening, revealing that a substantial 75% of organizations predict a notable 20% improvement in efficiency within the next three years. This optimism is underpinned by the consensus that adopting new technologies is crucial for future success, as echoed by 80% of the participants. Notably, the research also shows that nearly 78% are set to raise their technology investments substantially over the coming years.
The Importance of Technology Investments
Among the technologies highlighted, machine learning and generative AI have emerged as pivotal catalysts for driving significant efficiency gains. These tools not only streamline operations but also innovate processes, ensuring that businesses remain competitive in rapidly evolving markets.
Leadership Insights
Kevin Samuelson, CEO of Infor, remarks on the ever-changing landscape of industries like manufacturing and healthcare. He stresses the importance of leveraging data and technology to unlock value in an accelerating world. Samuelson emphasizes that organizations aiming for productive, transformative shifts must adopt various strategies, including optimizing processes, embracing advanced technology, and centering decisions around customer needs. By following these 'Vectors to Value,' companies can enhance overall productivity and achieve sustainable competitive advantages.
Cultural Shifts for Successful Technology Adoption
Dr. Chris Brauer, Director of Innovation at the Institute of Management Studies, notes that real value isn’t just in technology adoption but also in the required cultural mindset shifts. Organizations have to evolve and align their processes with data-driven approaches to thrive in this new landscape. His insights underscore the significance of clarity in vision and readiness to adapt, which are paramount for unlocking the true potential of technology.
Exploring Further Insights
For those interested in dissecting the traits shared by high-performing organizations, Infor provides the research report titled How Possible Happens: Filling the 'value-void' with technology-driven productivity. This resource offers extensive insights into the findings and strategies identified by the study, guiding organizations toward actionable improvements.
About Infor
Infor stands as a global leader in business cloud software, uniquely tailored for diverse industries. The company is dedicated to crafting complete solutions that generate enduring benefits, prioritizing security and faster time to value for its clients. With a workforce of 17,000 employees supporting over 60,000 organizations across 175 countries, Infor’s influence is felt in numerous sectors. As a Koch company, Infor's robust financial framework and long-term perspective allow it to build strong, lasting relationships with clients.
Frequently Asked Questions
What was the main focus of Infor's research study?
The study aimed to identify key attributes that enable highly productive organizations to create value from their technology investments.
How many organizations participated in the study?
The research polled 3,600 respondents from 14 countries and 7 industries.
What technology investments are organizations planning to make?
Most organizations plan to increase their technology investments by 20% or more over the next few years.
What role does machine learning play in organizational efficiency?
Machine learning is viewed as a critical driver of improved efficiency, allowing companies to innovate and optimize their operations.
What does Infor emphasize about cultural shifts in adopting technology?
Infor stresses the significance of cultural readiness and mindset shifts to fully unlock the benefits of technology.
