Business Disruption: Most Businesses Expect Dramatic Changes, But Few Businesses Feel Prepared

first_imgDisruption is now the norm and is to be expected, say three-quarters of global senior executives interviewed by KPMG.  And those executives say the speed of change and disruption can only be expected to increase in the future.  But only 17 percent of companies say that they are prepared to address the expected volatility and are unsure of what path to take to counter disruptions.The KPGM report listed the Top Five Potential Disruptors to businesses:71 percent – Requirement to respond to regulatory and legislative rules63 percent – Increased security and cyber security60 percent – Instantaneous data access from anywhere58 percent – Digital and mobile workers and consumers49 percent – Global access to talent and skillsAs a counterbalance to potential disruption, some businesses are investing.  63 percent are investing to beef up their cybersecurity.  One quarter are adopting cloud computing services like IaaS and PaaS.  And another quarter of businesses are investing in updates to their legacy systems.Steve Chase, KPMG’s U.S. Advisory Management Consulting leader, said that “the fastest-growing and the most profitable organizations are increasingly – and smartly – leveraging these disruptors to continually deploy new business models, accelerate decision-making, convert data into valuable knowledge and focus on the customer.”Tudor Aw, KPMG UK Head of Technology, said that “the sectors and the businesses that will enjoy greatest success… will be those prepared to take a chance on something new. That’s not to say they should gamble on the next ‘big thing’ – but they shouldn’t be afraid to try.”last_img

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