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Most Firms Expect Double Digit Growth in Next 3 Years 

Most Firms Expect Double Digit Growth in Next 3 Years 

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  29 March 2019 12:46 PM GMT

New Delhi: Six out 10 companies in the world expect to grow over 10 percent in the next three years, says a new study from Tata Consultancy Services (TCS).

This global survey benchmarked large companies in their “Business 4.0 growth” and transformation journeys, by mapping their adoption of four critical business behaviours - driving mass personalisation, creating exponential value, leveraging ecosystems and embracing risk.

The study, titled “Winning in a Business 4.0 World”, showed that almost one in 10 survey participants or “Leaders” have adopted all four behaviours.

Leaders are three times more likely than “Followers” – nine per cent of participants that have not yet adopted any of the Business 4.0 behaviour – to have embraced Artificial Intelligence, Blockchain and Internet of Things (IoT) technologies, and twice as likely to have embraced automation.

“The study reveals a strong link between Business 4.0 maturity and technology adoption. Leaders are more likely than other participating companies to have driven digital growth and realized double digit revenue gains,” said K Ananth Krishnan, Chief Technology Officer, TCS. (IANS)

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