Business transformation is no longer optional. Changing how your organization operates to stay competitive and meet new challenges is essential for long-term, sustainable growth. Updating technology, improving how teams work together, changing how products/services are delivered, and other transformation initiatives empower organizations to fundamentally evolve their operations, streamline processes and modernize technology to improve customer experiences and unlock new sources of value.
Businesses with the clearest strategy for how their people, processes and priorities evolve together will be more successful than organizations that simply focus on investments in the latest technology.
Key Business Transformation Challenges and Trends
Technological advances, regulatory changes and evolving market demands are driving companies and organizations to change how they operate so they can remain competitive, meet new challenges and grow.
How AI Is Transforming Business Intelligence
AI and automation tools are reshaping workflows and driving operational efficiency as companies face increasing pressure to modernize technology while reducing operational costs and improving customer service.
Many companies are already using AI to assist with payroll processing, attendance tracking and other routine tasks. In addition to freeing up time by automating repetitive work, innovative AI solutions can help workers complete more complex tasks more effectively and efficiently.
Sixty percent of employers believe AI will transform their business by 2030. The financial sector in particular is expected to undergo significant changes, with 65% of professionals surveyed saying AI is crucial for combating fraud and enhancing operations.
Mass Migration to Cloud-Based Solutions
Enterprise Resource Planning (ERP) updates are ramping up as companies migrate from legacy technology platforms to more flexible, real-time cloud-based solutions. By 2027, 90% of businesses are projected to run some or all ERP systems in the cloud.
To remain competitive, and keep pace with the changes, your organization must invest in upskilling and talent acquisition to ensure your employees have the technical skills and experience needed to execute these critical transformation initiatives while also avoiding productivity bottlenecks in HR, procurement, finance and beyond.
Sustainability and ESG Are Driving Transformation
Changes in ESG (Environmental, Social and Governance) requirements and expectations are forcing businesses to transform their compliance, reporting and operations capabilities. Increasing pressure from regulators and stakeholders is prompting 91% percent of companies to accelerate their sustainable practices. Companies that embed sustainability into compliance and operations report 40% higher confidence in their 12-month business outlook.
Meeting these demands often requires bringing in interim expertise or creating new roles to help implement robust reporting frameworks, conduct supplier audits and upgrade internal controls to ensure compliance and build stakeholder trust.
Change Management Cannot Be Overlooked
The success of your business transformation depends not only on technology, but on people’s ability to adapt to the changes.
Employee resistance to change causes at least 70% of transformation initiatives to fail. To help ensure a successful transformation, more organizations are relying on interim or contract talent with experience implementing business transformation initiatives and navigating a changing work environment who can help guide enterprise-wide change and reduce internal friction.
Unmet Staffing Challenges Can Derail Transformation Plans
The increase in business transformation initiatives is creating unprecedented demand for qualified talent. Positions that require experience in data analytics, ERP systems and regulatory compliance are particularly difficult to fill.
Sixty-three percent of employers identify skills gaps as a major barrier to business transformation over the next five years. In addition, 70% of employers expect to hire staff with new skills while also transitioning existing staff to new roles or eliminating roles or skills that are no longer relevant.
Reimagine Your Business Operations to Unlock New Value
How you conduct business tomorrow will require tools, technology and skills that may seem intimidating, even futuristic, today. Aston Carter has assisted companies with different types of business transformations to help them prepare for what’s next. How can we help you?
Regardless of your industry and the business transformation challenges you’re facing, full-scale support from Aston Carter can help you execute your business transformation plans. Our talent solutions are highly customizable to meet the specifics of your transformation projects.
Customizable Solutions and Support for Your Business Transformation Initiatives
Aston Carter’s innovative staffing solutions allow you to scale as needed, including ramping up support for large-scale recruiting projects for different types of business transformations.
Our recruiters are immersed in the market and understand how AI and other emerging technologies are transforming staffing requirements. We can quickly source talent with the in-demand skills needed to help your company achieve your business transformation goals, on time and on budget.
Contact us to see how Aston Carter can help you add capacity to your teams and support your business transformation initiatives.
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