Go digital ‘hype’ pushing firms to become efficient, responsive

Go digital ‘hype’ pushing firms to become efficient, responsive

Context:

• Companies are facing an “ever-increasing” pressure to be more open, responsive and efficient with more ‘hype’ and emphasis being placed on becoming digital, according to a report on digitalisation by India’s second largest software exporter, Infosys.

Highlights from the report:

• The report was titled ‘How digital enterprises are steering through digital disruption,’
• The rules of the game are changing and traditional players are being dislodged from positions of comfort and familiarity.
• Industries are increasingly being disrupted by new entrants with digital technology at the heart of their business.

Rapid advancements in digital technologies:

• Rapid advancements in digital technologies are allowing corporations to collect and analyse data and new ways of improving flexibility and efficiency are emerging within the firms.
• This has the potential to open up new growth areas and revenue streams, according to the report.
• A vast array of digital trends are emerging and establishing which are really important to each sector hugely depends on where an organisation is currently placed and what they hope to achieve.
• Organisations must put actions to words and embrace new technologies to evolve to being truly digital.