Digital technologies, an investment that pays off

Businesses that use digital technologies efficiently have an important advantage over those that are late to adopt them, and a study from the BDC recently confirms it. Jonathan Chatel, director of business development at JOVACO, tells you more about it.

The BDC recently released a study titled Seize the Technological Advantage: Why Digitally Mature Companies Perform Better, which confirms what I already know from experience: adopting digital technologies gives businesses an incredible edge, whether it’s by boosting their sales revenue, their resiliency or their global competitivity.

Conversely, a third of digital latecomers saw their sales revenue decrease or stagnate in 2021, according to this same study. Unfortunately, Quebec businesses tend to be late adopters compared to the rest of Canada and the world. In the current economic context, they tend to push these investments to later, but this represents an increased risk of losses and business decline.

Data that speaks volumes

According to the BDC, digital latecomers saw use little technology or not at all; beginners are just starting to incorporate them in their client processes; businesses with an emerging profile are starting to scale them up across their organization; and lastly, businesses with an advanced profile are using technologies efficiently.

The study as a whole provides a ton of interesting insights, but these two tables speak volumes:

How to get caught up?

I often refer to this study when talking with organizations as it offers them multiple solutions. As such, it’s a great starting point! Here are also a few more resources that can help your organization kickstart its digital transformation:

• Move forward with your ERP/CRM project thanks to financial aid
• Looking for an ERP? Look further than the price!

Don’t hesitate to contact me for a more in-depth discussion on the topic!

About the author

Jonathan Chatel is Director of Business Development at JOVACO Solutions since 2017. Thanks to his various professional activities, he has since deepened his knowledge of Microsoft technologies and business solutions, a world that evolves so quickly it can be hard to keep track. He is now sharing his knowledge of Microsoft products in everyday language to keep you informed about this fascinating universe.