The rapid pace of technology innovation is opening the door to new business models, accelerating competition between fast-growing new entrants to the market and industry stalwarts. Yet, many businesses will struggle to adapt to future changes in their industry, scale their services and introduce new offerings in response to competitive pressures, because they lack agility and are being held back by their technology infrastructure.
Our Tech Deficit research examined European businesses’ future-readiness, and found that there is a gap between what businesses need to achieve and what their infrastructure can support. Nearly three-quarters (72%) of business leaders surveyed admit that they have a moderate or significant tech deficit, whereby their infrastructure is not ready to deliver flexible services to meet their needs in the future.
Furthermore, a quarter (26%) of organisations are not confident that their infrastructure is scalable enough to support peaks and troughs and complexity of demand over the next two years. A quarter of business leaders believe that this lack of scalability has the biggest impact on their infrastructure, forcing them to make changes in their organisation.
Read this whitepaper to learn how business can harness the right partnerships and a service-centric approach to become more agile and tackle the challenges they face more effectively.
This blog was previously published on our corporate blog – www.colt.net/blogs. However, we’re bringing it to you via Engage as we believe that the Tech Deficit affects SMEs just as much as larger Enterprises.