Source | www.business-standard.com
A mere 7 per cent of companies have the right combination of culture and operating structure to spur growth from digital technologies, according to a new research from the Infosys Knowledge Institute.
The report — based on a survey of 2,700 business executives across the US, UK, France, Germany, Australia, New Zealand, China, and India — found that companies that make decisions based on high quality, transparent data and build a culture of responsible risk-taking are more likely to deliver profitable growth in tough macro-economic conditions.
Moreover, organising around products, not process, gets new products to market faster, increasing early-mover advantage.
The report by Infosys Knowledge Institute (the thought leadership arm of Infosys) found that nine out of ten companies lack the culture and organisational structure to unlock digital growth. It said only seven per cent of companies have the correct combination of culture and operating structure to boost growth from digital technologies.