Breathing life into business data Breathing life into business data

Maximising the value of information

Businesses face myriad issues, many of which are often out of their control. From taxes to a shrinking working-age population, supply chain issues to geopolitical problems, companies must be flexible enough to respond quickly . This is where digital transformation can make the difference. The ability to review business processes and improve operations according to rapidly changing market conditions requires the application of technology to processes, products, and operations. Digital transformation (DX) is not a passing phase. It is essential for achieving sustainable growth. Accenture found that companies that promote and engage in DX have five times higher revenue growth rates than those that don't.

Business growth through DX

Successful digital transformation of business processes happens in two stages: identifying what problems exist and establishing the precise information needed to solve those problems. When information is stored in different unstructured and scattered forms, this can be an obstacle to true transformation. By smoothing out the flow of information, barriers between departments can disappear, creating a cooperative environment where employees will flourish doing more creative work. Ultimately, improving the quality of a company's operations can create new opportunities resulting in growth.

Today, FUJIFILM Business Innovation is championing digital transformation by integrating information with advanced technology to revolutionize everything from business processes to management efficiency. For instance, the FUJIFILM IWpro cloud service offers an 'integrated environment' that unifies existing systems and business processes, allowing both internal and external stakeholders to share information and make decisions cohesively. Digital transformation in business, promoted by FUJIFILM Business Innovation, is an important key to further growth for APAC companies.

Having a strategy to deal with the information oversupply is essential for companies to survive and thrive in a competitive business world. With technology innovating so rapidly and market conditions constantly evolving, the challenges faced by companies in APAC are endless. In order to respond to these changes, companies must understand the value of their information and turn it into a new tool that will enhance their competitive advantage.

Understanding how to increase the value of information can be tricky. As information takes a wide range of forms. At its broadest, documents can either be in digital or paper form. At a more granular level, though, information can include the number of emails received or hours spent in meetings, all of which can be used to encourage productivity by identifying workflow bottlenecks. While the amount of information being handled by companies is increasing year-on-year, the vast majority is not ordered effectively.

The Reuters news staff had no role in the production of this content. It was created by Reuters Plus, the brand marketing studio of Reuters.

Produced by Reuters Plus for

Breathing life into business data

For any business to succeed, they must implement information strategies. Creating a centralised system for the collection, management and analysis of information improves operational accuracy and creates time for employees. This in turn leads to increased efficiency, enabling a greater focus on profitability and value creation. Maximising the value of information has the power to increase a company's competitive edge.

MAKING DATA COME ALIVE

Disclaimer: The Reuters news staff had no role in the production of this content. It was created by Reuters Plus, the brand marketing studio of Reuters. To work with Reuters Plus, contact us here.

of enterprise data is unstructured. And enterprise data is growing twice as fast as consumer data.

CHOOSE LANGUAGE:

Digital transformation equals corporate competitiveness

Digital transformation is key for growth in APAC

Information as a new tool to enhance competitive advantage

FUJIFILM IWpro

Integrated Work Process Change workstyle

Change workstyle

Collaborate with your team by integrating business information into a workspace in the cloud

Integration

Output & delivery

Check & Edit

Digitization

Fax

Paper

Web

Fax

Paper

Store

Workflow

ERP

Database

E-Sign

Storage

It is not enough to simply apply piecemeal digital trends. Instead, it is important to work with a partner that is skilled at analysing and handling information to ensure that digital transformation leads to corporate growth. Collecting information in itself can be meaningless, but if it is correctly understood and processed, it can be transformational for any business.

of organisation will increase their spending on DX in the next 3 years

90%

Read more from our partnership content

Unearthing the value in business data

Faster business decision-making

Smoother progress of work

Improved communication speed

DX will radically change business processes

Businesses in the Asia Pacific (APAC) stand to gain the most from digital transformation. While small and medium-sized enterprises (SMEs) account for 90% of the global economy, they make up 98% of the APAC economy. SMEs play a vital role in APAC's economic growth. Yet in order for the region to achieve greater growth in the future, it is necessary to make the most of limited labour and resources. FUJIFILM Business Innovation, building on the legacy of Fuji Xerox, has a proven track record of enhancing how companies, particularly in the APAC region, manage information.

What are the main barriers to the advancement of digital transformation in your organisation?

Lack of internal IT personnel and knowledge resources

Lack of budget

Lack of reliable and cooperative vendors/consultants

Lack of compatibility with existing systems

64%

52%

51%

44%

The top three benefits that digital transformation brings to business are:

Productivity improvement

Being able to concentrate on core busines

Improving the working environment for employees

Source: Reuters Plus APAC Survey 2024

Source: IDC Global DataSphere, 2024

1st

2nd

3rd

Digital transformation can address this issue. Once information is gathered, it’s important to grasp how to use it to solve issues in the workplace. Learning how to handle the various forms of information to solve the most salient business issues and maximise value is central to growth.

66%

57%

28%

recognise the value of information but are not fully utilising it

53%

believe information is being used to its full potential

Unstructured data

Intelligent Document Processing

Structured data

CHOOSE LANGUAGE:

The Reuters news staff had no role in the production of this content. It was created by Reuters Plus, the brand marketing studio of Reuters.

Produced by Reuters Plus for

Paper

Store

Paper

Web

FUJIFILM Business Innovation

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