As the US economy grapples with significant challenges such as inflation, supply chain disruptions, and the threat of a looming recession, CEOs are increasingly recognizing the importance of agility and digital transformation in navigating these turbulent waters. According to a recent analysis by Business Mole, 70% of executives view digital transformation as critical for their companies, yet only 20% feel equipped to implement these changes effectively [fe4aef82].
Rohit Sharma from KoreCent emphasizes the difficulty many companies face in justifying investments in digital initiatives. This challenge is compounded by a persistent talent shortage, with a notable rise in digital job postings that outpace the available skilled workforce. Legacy systems further complicate matters, as organizations with outdated technology are 20% less likely to achieve their digital transformation goals [fe4aef82].
The analysis highlights that new entrants in various industries are disrupting traditional business models, which necessitates a focus on innovation and agility. In this context, process automation emerges as a key strategy to enhance operational efficiency and responsiveness to market changes. KoreCent, for instance, offers tailored solutions in platforms such as ERPNext, Oracle Netsuite, ServiceNow, SAP, and Odoo, helping organizations streamline their processes and improve agility [fe4aef82].
For CEOs, prioritizing digital transformation is not just about keeping up with competitors; it is essential for long-term success. Partnering with technology providers like KoreCent can provide the necessary support and resources to navigate these challenges effectively. By embracing these strategies, CEOs can position their companies to thrive in an increasingly complex and competitive landscape [fe4aef82].