Artificial intelligence and automation are two technologies which have a big impact on business productivity. Conor Whelan, Experian’s chief information and operations officer, highlights how automation has been integrated into its core plans, and the corporate now wants to include AI and machine learning to enhance its automation capabilities.
The challenge of balancing innovation and sustainability
While innovation is crucial to staying competitive, firms also need to make sure stability and protect their core business. Andy Caddy, Group CIO at PureGym, emphasizes the importance of finding the fitting balance between innovating and protecting the organization’s core business.
Nonetheless, as Christina Scott, director of products and technology at OVO Energy, warns, “The danger in a downturn is that you simply go completely into cost-cutting mode.” This approach has the potential to hinder a corporation’s ability to rebuild and grow in the long run.
As a substitute, tech leaders should consistently reassess their business strategies and ensure they allocate resources each to maintaining their core business and investing in progressive solutions that drive growth.
Development of agile and flexible organizations
Paul Smith, Amnesty International’s CIO, stresses the importance of an “agile mindset” in responding effectively to external events and challenges. “Crisis management and agility are also becoming the norm for us,” he said.
By adopting a more agile approach, firms can higher manage uncertain times, respond quickly to opportunities, and innovate across the organization.
Collaboration and breaking silos
Fostering a collaborative culture and breaking organizational silos is critical to maximizing the potential of technology drive productivity. As Brackenborough Global CISO of Channel 4 points out, technology leaders should concentrate on implementing solutions that profit your complete organization, not meeting the needs of individual departments.
Technology can unlock significant gains in business productivity, but provided that organizations adopt a strategic, forward-looking approach to its implementation. Specializing in data-driven insights, leveraging AI and automation, striking a balance between innovation and stabilityby supporting agility and adaptability and promoting cross-departmental collaboration, firms can use technology to drive productivity and growth.
As Leon Gauhman, director of products and strategy at the corporate another timestresses that organizations should make full use of the info they have already got to drive innovation.
In conclusion, sustainable business development requires a balanced approach to technology implementation that fosters innovation while maintaining stability. By leveraging agility, adaptability and collaboration, organizations can unleash the total potential of technology.