Ready for anything: what it means to be a modern business

Planning and preparing for the future is a vital prospect of any business’s success. Criticaleye partner, Cognizant, commissioned Economist Impact to examine the state of businesses today, considering present needs through the Future-Ready Business Benchmark research program.

Key takeaways include: 

  • How the size of a firm doesn’t have as big a difference as it did because of rapid digitalisation. 

  • Current levels of performance cannot be sustained without greater investment in preparedness. Countries and industries on average are scoring 60 out of 100 for future-readiness and the top 20% firm-level performers score 74 out of 100. 

  • Nine in ten executives say they’re willing to sacrifice short-term gain for long-term advantage, but results have indicated this doesn’t happen in practice. 

  • Better use of data will require organisation-wide change. The report estimates a 3-7% increase in firm productivity as a result of big data analytics capabilities. However, many firms aren’t even meeting a basic “small data” threshold. 
     

To view the full report with Economist Impact, please click here.

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