Technology / Industry

How to get your company on the fast track to 'future-ready' operations

Posted On: May 12, 2021   |   Posted By: Business Insider

How to get your company on the fast track to 'future-ready' operations

Summary List Placement Our findings show that advancing operations maturity boosts your efficiency and profitability. It's time to determine your direction and get on the fast track. We wanted to understand the connection between business operations maturity and performance. So, in 2020, we surveyed more than 1,100 C-suite and VP-level executives across 11 countries and 13 industries.
We identified four operations maturity levels: stable, efficient, predictive, and future ready. Each of the four levels is underpinned by technologies that drive efficiency, insights, and increasing capabilities. Moving up just one level - from predictive to future ready - yields a profitability increase of 5.8 percentage points and efficiency gains of 18.8%.
Our analysis also included an assessment of what we call transformational value. It characterizes the future-ready state. It explains how future-ready organizations are primed to capture performance gains and deliver excellent customer and employee...

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