Adapting to disruption One thing has become abundantly clear, technology is now seen by the vast majority of Australian and New Zealand organisations as the answer - or at least, a large part of the answer - to overcome disruption. 82% of organisations see technology as a key enabler in managing disruption, rising to 92% for organisations with more than 1,000 employees. View infographic
Investing in technology Despite the recent disruptions adversely affecting the majority of industries, organisations plan to increase technology spending by 5% across the entire business, rising to 10% for those with over 1,000 employees, reaffirming technology as a key enabler to manage disruption. While technology is a part of most business strategies, the disruptions of 2020 have compelled many organisations to move quickly with 80% fast-tracking their technology modernisation. View infographic
Building business resilience The focus on employees to overcome disruption has also transformed company cultures. Organisational flexibility, employee commitment and leadership and management style were noted as the key factors in building resilience against disruption. 52% of organisations have cultivated a culture of productivity, encouraging collaboration and employee commitment towards a shared vision of overcoming disruption. View infographic
Recovery and data-driven insights Despite the ongoing disruption, a willingness to invest in new technologies and transformation efforts on employee well-being has resulted in varying levels of optimism from organisations. 54% believe it will take between up to three years to fully recover from the disruptions, 25% are hopeful of recovering by the end of the year and only 6% believe it will take longer than three years to recover. View infographic