In at present’s fast-paced enterprise panorama, it’s essential for organizations to grasp easy methods to leverage know-how to drive productiveness and monetary efficiency. Why? Productiveness is a key differentiator because it permits organizations to maximise their outcomes (effectiveness) whereas minimizing prices (effectivity) required to attain these outcomes. Nevertheless, many firms fail to grasp the total impression know-how has on productiveness and easy methods to maximize know-how’s productiveness to drive worth. In our new report, TIER: Rising Applied sciences Are Basically Altering Productiveness, we spotlight 1) how your tech productiveness method should embody effectiveness, 2) easy methods to be strategic along with your tech investments to maximise worth, and three) how rising working capability performs a task in productiveness main beneficial properties in productiveness.
On this report, we offer an instance of a company that leveraged AI and automation to reinforce their productiveness. In reality, when desirous about examples of firms which have efficiently leveraged know-how to reinforce productiveness: does Tyson Meals spring to thoughts? Most likely not. However to the shock of some, after reporting an working lack of $625 million in FY 2021, Tyson Meals launched a productiveness program designed to “drive a greater, quicker, and extra agile group that’s supported by a tradition of steady enchancment and quicker decision-making.” Tyson dedicated over $1.3 billion over three years to automation and AI, together with automating elements of its processing-plant manufacturing line. Astonishingly, by the top of 2022, Tyson had already realized over $1.1 billion in further working capability. In reality, throughout its first yr of this system, the corporate noticed a 13% rise in income as their depth in capital and labor required to attain that development slowed.
Give it a learn so you may make the proper selections as AI permeates throughout your group. As all the time, drop us a line right here to offer suggestions or to schedule a steering session to study extra.
This weblog falls beneath Forrester’s tech insights and econometric analysis (TIER).
