Global Growth Index Reveals Businesses are Investing in Tech to Offset the Impacts of COVID-19
AUSTIN, TX—Epicor Software Corp. has announced that its 2020 Global Growth Index report shows that companies across the globe are embracing technologies to offset the impacts of global volatility, such as COVID-19 and supply chain disruptions. These market conditions are fueling the need to enhance business resilience over the next 12 months, with companies prioritizing better technology (41.4 percent), better planning (38.9) and working more efficiently (40.9).
Two other key themes identified through the research are investments in artificial intelligence (AI) and big data are paying off, and the cloud is poised to be a priority. AI is driving growth and proving worth the investment for most organizations, with more than 80 percent of respondents reporting that AI delivered business value in 2 years or less. According to 85.4 percent of total respondents AI was driving growth overall, with 37.9 percent specifically reporting that it helped to increase competitiveness.