Emerging Technologies: Driving Financial and Operational Efficiency

How market leaders are managing change with cloud-driven innovation

Market Overview

Now is the time for businesses to embrace artificial intelligence (AI), machine learning, internet of things (IoT), blockchain, digital assistants, and augmented and virtual reality as powerful enhancements for finance and operations systems.

Key findings: Emerging technologies passed the tipping point, delivering on their promise

Technologies are helping organizations improve efficiency and adapt to change.

AI, digital assistants, IoT and blockchain have passed the adoption tipping point and are exceeding expectations in organizations that have implemented them.

84%

84% of organizations surveyed use at least one emerging technology in production today.

ROI

The benefits achieved with emerging technologies are outpacing expectations by a wide margin.

91%

91% of all respondents consider SaaS an enabler of emerging technology adoption.

2:1

Organizations are two- to three-times more apt to purchase prebuilt solutions rather than building their own emerging technologies (stat varies by technology).

58%

Organizations using the most emerging technologies have grown their annual revenues 58% faster than organizations not investing in these technologies.

80%

Organizations using the most emerging technologies have grown their annual net income 80% faster than organizations not investing in these technologies.