Emerging Technologies: Driving Financial and Operational Efficiency

How market leaders are managing change with cloud-driven innovation

Top Emerging Technology Statistics for Supply Chain

Offload to the cloud:

88%

SaaS enablement:

88% of respondents see SaaS SCM applications as enablers for the adoption of emerging technologies.

3:1

Prebuilt capabilities:

Organizations that add emerging technology capabilities to SCM applications by purchasing solutions outnumber those that build solutions by three to one.

Specific impacts by emerging tech:

76%

AI efficiency:

76% of organizations cite increased employee productivity as a realized benefit of AI-powered SCM.

75%

Increase adoption:

75% of respondents credit chatbots and intelligent voice assistants with increasing the use of SCM apps by suppliers and customers.

6
Days

IoT efficiency:

Organizations have shortened their time to produce/fulfill orders by an average of more than six business days as a result of incorporating IoT data into their supply chain systems and workflows.

88%

IoT ROI:

88% of organizations using IoT data to support SCM say the ROI has met or exceeded expectations.

87%

Blockchain ROI:

87% of organizations adding blockchain to SCM capabilities say the ROI has met or exceeded expectations.

78%

Reduce fraud:

78% of respondents agree that the ability to verify supply chain monitoring with blockchain will reduce incidents of fraud in their supply chain by 50% or more over the next five years.

Optimize operations team performance:

6.8x

Market-leading accuracy:

Emerging technology users are 6.8x more likely to describe their order-to-cash time as market-leading than those not using emerging technologies (38% versus 4%).

Improve business outcomes:

58%

Grow revenue:

Aggressive adopters of emerging technologies for finance and operations have grown their annual revenues 58% faster than organizations not investing in any of these technologies.

80%

Grow profit:

Aggressive adopters of emerging technologies for finance and operations have grown their annual profit 80% faster than organizations not investing in any of these technologies.