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Infor, a leader in industry cloud solutions, has unveiled the results of its comprehensive global research study, offering a deep dive into the productivity drivers of high-performing organizations. This study, one of the largest of its kind, reveals critical insights into how top organizations leverage technology to unlock true value in an ever-evolving business landscape.
The research surveyed 3,600 respondents across 14 countries and seven industries, providing a wide-ranging view of the global business environment. According to the study, 75% of organizations anticipate a 20% improvement in efficiency within the next three years, underlining the role of technology in driving business growth. Furthermore, 80% of the respondents believe their success will heavily depend on adopting new technologies, with 78% planning to increase their tech investments by 20% or more in the coming years.
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Among the technologies driving improved productivity, machine learning and generative AI were highlighted as key enablers. These technologies are seen as essential for enhancing operational efficiency and transforming traditional business processes.
Kevin Samuelson, CEO of Infor, emphasized the importance of strategic tech adoption, particularly in industries such as manufacturing, distribution, and healthcare, which are grappling with significant shifts. "Our research provides a roadmap for organizations looking to deploy technology effectively," Samuelson stated. He referred to these strategic measures as “Vectors to Value,” which include optimizing processes, embracing advanced technologies, leveraging data for decision-making, and maintaining a sharp focus on customer needs. By aligning with these vectors, organizations can not only boost productivity but also gain a competitive edge.
Dr. Chris Brauer, Director of Innovation at the University of London’s Institute of Management Studies, added, “The real challenge isn’t just about adopting technology. It’s about the cultural and mindset shifts necessary to unlock its full potential.” His statement reinforces the notion that technological adoption is only successful when organizations are ready to evolve their processes and embrace data-driven decision-making. This shift, he believes, is key to thriving in the future business landscape.
The research identifies these productivity drivers as critical to filling what Infor terms the "value-void," where companies are missing out on the potential of technology-driven improvements. As organizations globally seek to enhance their efficiency, the study provides valuable data and insights that can guide the deployment of technology to not only survive but thrive in today's fast-paced world.
A Strategic Move for Future Growth
A key finding from Infor’s research is that 78% of organizations plan to increase their technology investments by 20% or more over the next three years. This surge in tech spending reflects a growing recognition of the need for advanced technologies to drive efficiency, innovation, and competitiveness. The study highlights how businesses are prioritizing investments in machine learning, generative AI, and other cutting-edge solutions to stay ahead in a rapidly evolving market. This focus on technology is seen as a critical step toward building long-term resilience and fostering sustainable growth in the face of changing market dynamics.
For further insights on how top-performing organizations are capitalizing on these technology trends, Infor's full report, How Possible Happens: Filling the ‘value-void’ with technology-driven productivity, is available for download at Infor’s website.
Infor, with its industry-specific cloud software solutions, continues to help over 60,000 organizations worldwide unlock sustainable operational advantages and meet their business goals with agility and security.