Recent research by Ricoh suggests 71% of business leaders believe their organisations will achieve digital maturity within five years. A further 77% of business leaders view digital maturity as a priority for their organisation. But what do business leaders need to know about the path to achieving, and maintaining this?
68% of leaders suggested that they viewed cost as an obstacle. However, when it comes to achieving digital maturity, our research shows the risks outweigh the rewards. 73% of leaders hold that achieving digital maturity will lead directly to an increase in profits. Furthermore, 62% believe that there will be indirect financial benefits to increasing their organisation’s appeal to potential investors and new owners. Read the full insight report below:
The price of complacency
Given the shifting technological landscape, businesses must at all times be taking measures to stay digitally mature. Regular reviews of processes to ensure that they are up to date with new technologies is essential to maintaining a status of digital maturity.
Up to date technology and processes should be used in combination to enhance the workforce’s ways of working. However, half of business leaders also recognise obstacles in aligning technology, processes and ways of working. How then should business leaders seek to achieve digital maturity, in spite of these internal challenges?
Even if business leaders are aware of the steps required to achieve a digitally mature status, they may still be unable to put these steps into practice. In many organisations, a lack of internal capabilities restricts progress towards digital maturity. 50% of business leaders believe that digital maturity is not achievable without the support of an external partner. Given that the rewards involved in achieving digital maturity are clear, now’s the time to act.