Poor IT skills ‘slowing firms’

An unwillingness to adapt to new technologies or a general level of ignorance to them may be holding businesses back from their full potential.

A new report suggests that leveraging emerging technology like cloud and mobile can drastically improve business differentiation and profitability but argues that businesses are failing to adapt to, and adopt, technological advances at a quick enough pace.

Management and technology consultants, BearingPoint, also urged firms to integrate digital thinking into their business model if they are to retain and develop their markets.