The Business Advisory Blog

The Business Advisory Blog

Insight, news and updates from Alliott NZ Chartered Accountants, Auckland New Zealand. The views expressed here are the views of the author and should be discussed in further detail should an article be relevant to your individual circumstances.

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The figure comes from research contained in the book Leading Digital, co-authored by Bonnet, a senior vice-president at strategy group Capgemini Consulting.

technology-138 Speaking to BlueNotes on video, Bonnet said the research attempted to quantify the financial impact of digital transformation on a number of listed companies.

“What we found was if you invest in technology, you get a little bit of an advantage in terms of efficiency, on sales in particular, so you sell more with the same number of people," he said.

“But the main finding was really around profitability. If you run your transformation properly, [you face a] 26 per cent potential profit advantage. That tends to get the interest of CFOs because it makes a marked difference to business performance."

Bonnet said the research focussed digital governance in particular and the way digital and IT programs were organised.

He also touched on which companies have made the biggest impact in their digital transformations and the importance of a digital culture. Watch the video about the find out more.

Source: ANZ Blue Notes

The views and opinions expressed in this communication are those of the author and may not necessarily state or reflect those of ANZ.

Topics: cloud accounting digital disruption Innovation profits technology