Almost half of Australia's business leaders view technological advancements as the biggest change their organisation will go through in the next 10 years, according to a new study by Canon.
The two part Canon-sponsored study, titled Change or Be Left Behind, polled senior Australian executives responsible for change and general business workers not responsible for change to see what attitudes and trends are shaping local businesses today.
Technological advancements topped the survey at 43 per cent, with general company changes coming in at second at 19 per cent, people changes at 18 per cent and wider economic/legislative changes at 18 per cent.
“If we look at everything that’s ‘changing’ within Australian business, technology change is by far and away the biggest thing that organisations will go through in the next 10 years,” Canon business imaging director, Craig Manson, said.
However, Manson warns that organisations should not implement technology for technology’s sake, and should take the time to look at “how their business is evolving and growing, working out how technology can align with the business, changing it for the better and making it more competitive".
Those who chose technological advancements in both surveys justified their answer with reasons such as the business gains better efficiencies and is more competitive (47 per cent), market forces dictate that technology is a crucial element of driving change (30 per cent), and the speed at which it can drive change for good (23 per cent).
Other major findings included 40 per cent of respondents didn’t believe their business had the right tools to deliver change, but 95 per cent saw technology as having an important role in the change process and helping to increase the company’s competitive nature.
For more information about the study, go to: www.canon.com.au/business/change
Canon recently told ARN how it recovered from the Great East Japanese quake.
Note: This is vendor-sponsored research and should be considered with that in mind.