Unearthing the value in business data Unearthing the value in business data

It is no wonder then that the top three areas of investment within digital transformation currently relate to storing, mining/monetising and securing data, according to a survey by Baker McKenzie. A significant 85% of respondents are investing in cloud computing.1 The benefits of digital transformation are clear— almost 75% of respondents experienced reduced costs and improved efficiencies and 58% saw improvements in existing business systems and processes.2

Empowering businesses to conquer the barriers of digital transformation

FUJIFILM Business Innovation, a leader in data management, is now collaborating with other IT companies to provide customers with a seamless, comprehensive digital platform. In an era where data is continuously created and shared in various forms, it is essential for companies to have a workplace that fully leverages the value of this data.

Rooted in APAC

Being able to seek consultation and get advice is essential for any workplace transformation, especially for small to medium enterprises that may have limited labor and resources.

“We are almost like partners helping companies on their digital journey,” says FUJIFILM Business Innovation’s Hama. “We place great emphasis on truly understanding our customers’ needs and providing the best solutions.” “We have the flexibility and the speed to be highly responsive to our customers through our strong network throughout APAC,” continues Hama. “We have teams in each country and region so when we are engaged on a project, we don’t just send salespeople. We send service engineers and customer engineers as well, and by each one of them fulfilling their respective roles as a team, we ensure it leads to our customers’ satisfaction.”

“Customers that undertake transformation often require guidance, advice, and consulting,” says CXOTalk’s Krigsman. “FUJIFILM Business Innovation 's presence in APAC and its support structure is a major advantage in helping clients achieve their business goals." One such example is Mitsubishi UFJ Financial Group’s (MUFG) project collaborating with FUJIFILM Business Innovation group. Japan’s largest bank MUFG, has begun to digitising the vast amount of analogue data held for over 100 years, starting its journey towards true digital transformation. “I believe when this project is complete and systems are in place, it will lead to higher operational efficiency,” says Shin Kitamura, Managing Executive Officer, Deputy Chief Executive, Retail & Digital Business Unit, MUFG Bank, Ltd., Tokyo, Japan.

In this data-frenzied world, finding the true value of data is a must for any business. By leaning on new solutions, companies can unlock the potential of their data, leading to reduced errors, improved turnaround time, and greater customer satisfaction — all while improving the bottom line. “Optimising data by digitising, attributing, and enhancing its usability is deeply ingrained in our DNA” "At FUJIFILM Business Innovation, our aim is to cultivate a workplace where 'information connects people,’ achieved by streamlining the information management within a unified environment, thereby unlocking the full potential of the company." conveys FUJIFILM Business Innovation’s Hama.

(1) https://www.bakermckenzie.com/-/media/files/insight/publications/2021/12/2021-digital-transformation--cloud-survey--a-wave-of-change.pdf (2) https://www.bakermckenzie.com/-/media/files/insight/publications/2021/12/2021-digital-transformation--cloud-survey--a-wave-of-change.pdf

“However, low-code or no-code business solutions allow small to medium-sized businesses to set up seamless workflow processes on prebuilt integrations.” In APAC, SMEs are the lifeline of the economy, comprising 98% of enterprises and employing 50% of the workforce. One can only imagine that if SMEs in the region fully embrace digital transformation, this could lead to greater economic growth.

With so much information being created constantly, it is imperative that companies have the most efficient processes in place to store, organise and analyse the data. Companies that have the ability to leverage the value of this information gain a competitive advantage “It’s a complex challenge because data can be structured or unstructured, in digital or analogue format, through paper, electronic files and more. Businesses investing in these tools can unlock significant value for their companies."

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

Unearthing the value in business data

Data is an invaluable necessity of the modern business world, almost akin to a new currency. But in enormous volumes this data inevitably creates more noise, which can be doubled-edged sword for businesses.

MAKING DATA COME ALIVE

75%

58%

respondents experienced reduced costs and improved efficiencies

saw improvements in existing business systems and processes

FUJIFILM Business Innovation, which rebranded from Fuji Xerox in April 2021.

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.

“APAC has the flexibility and the speed to achieve successful digital transformation,” says FUJIFILM Business Innovation’s Hama passionately. “At FUJIFILM Business Innovation, we have been helping companies in APAC strategically leverage information for over 60 years. In some ways, multi-function printers brought about one of the first digital transformations by dramatically improving operational efficiency. Today, FUJIFILM Business Innovation's focus on information handling has not changed. We will continue to contribute to sustainable business growth in APAC.”

FUJIFILM Business Innovation

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98%

of enterprises in APAC are SMEs

and employs

50%

of the workforce

"FUJIFILM Business Innovation has great technical ideas and dedicated support when it comes to digitising vast amounts of paper documents. In addition to this, the ingenuity and tireless effort of each and every employee of our bank made this project possible — it was the combined efforts of this trinity" Shin Kitamura, Managing Executive Officer, Deputy Chief Executive, Retail & Digital Business Unit, MUFG Bank, Ltd., Tokyo, Japan

"In many ways, FUJIFILM Business Innovation has the ability to provide an end-to-end, holistic view, since the days of Fuji Xerox, data handling has been a central focus for the company. And now, with the additional all-in-one-digital platform, they help clients push that information further up the value curve" Robert Palmer, Research Vice President at IDC

"Previously, smaller companies never felt this technology was easily available to use"

Amy Machado, Senior Research Manager at global market intelligence provider IDC

"Organisations globally are rushing to embrace tools that leverage their accumulated data" Michael Krigsman, host of CXOTalk

"We believe that true digital transformation is not just an improvement by reviewing the business process and making it look optimal, but enhancing it to create better outcomes" Naoki Hama, President and Chief Executive Officer at FUJIFILM Business Innovation

A unified workplace is essential for extracting the full value of information. This approach will make handling information smoother and more efficient,” says Krigsman. “As a result, companies can expect benefits such as reduced employee work hours and cost savings. These savings allow businesses to allocate resources toward new personnel and expansion. In other words, transformations that enhance the value of information will directly contribute to business growth and expansion.

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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

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.

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