two-thirds of organizations undertake technology to enhance performance

businesses’ desire for performance is the key motivating issue encouraging the adoption of revolutionary technologies, inclusive of augmented truth (ar), robotics and the net of factors (iot), new research has discovered.
in line with the digital transformation & subsequent-gen business technologies, 2022 file, performed by means of cloud-primarily based accounting software platform, bluqube accounting software program, nearly -thirds of corporations (sixty five consistent with cent) now cite a need to increase efficiency in their organization as their number one motivator for adopting digital technology inside their commercial enterprise, in comparison with forty four per cent who highlighted value savings.

the desire to enhance performance and productiveness become contemplated within the technology which might be turning into increasingly more outstanding in organizations. consistent with the studies, nearly a third of corporation leaders (30 consistent with cent) now record utilising artificial intelligence (ai) and gadget mastering, which through automation can store massive time on laborious strategies such as statistics access.

unsurprisingly, value savings continue to be a large issue at the back of why 44 in keeping with cent of corporations are turning to technology and almost four in 10 businesses (39 in line with cent) highlighted a desire to provide a higher enjoy for their clients, underlining the awareness among business proprietors of the correlation among era and better client consequences.

significantly, nearly a third (32 in step with cent) of organization leaders pronounced that improving sustainability in their enterprise was their primary purpose in the back of use of technology, as environmental concerns retain to element more and more prominently inside agency’s wider supplying.

the enforced shift to far flung running because of the covid-19 pandemic additionally drove a surge in era investments. nearly one in 3 organizations (32 per cent) stated that helping the transition to remote running turned into in which virtual transformation has driven the maximum great blessings, and, in keeping with the studies, remote operating led to over 3 quarters (76 per cent) of companies bringing forward plans to make investments and put into effect new virtual technologies.

seeking to the alternative facet of the dimensions, the research additionally diagnosed some of limitations preventing the uptake of similarly virtual transformation in groups. fears over virtual security breaches, that have plagued a number of high-profile groups during the last few years, have been mentioned by using 35 in step with cent of respondents – the most famous choice, accompanied by means of value worries (34 in line with cent) and a lack of time to put in force and educate body of workers (32 per cent).

simon kearsley, ceo of bluqube bluqube accounting software program, commented: “digital transformation initiatives are not restrained to a handful of forward-questioning companies – certainly, they’re being undertaken in various capacities through the overpowering majority of companies throughout all sectors.

“it’s miles encouraging to see elements consisting of performance and provider exceptional ranking along or even above economic factors for corporations when it comes to making an investment in technology. businesses that concentrate on leveraging generation in a way that frees up their staff to tackle extra enterprise-important, strategic paintings, now not just to save prices, are tremendously probable to be those that grow and flourish inside the coming years in terms of profits, reputation and the happiness of their humans.”