How can organisations thrive in a complex world of risk?
European respondents remain distinguished by their sharper focus on tech and digital capabilities, with growth and cultural shifts driven by innovation, and structural change driven by digital advances. The top challenge within the organisation is staying on top of digital transformation. There’s no doubt where the laser is pointing in Europe.
As Industry 5.0 gains momentum, our research shows that this era needs people-focused leadership; driving change, inspiring teams and empathy will strengthen the human-centric core of Industry 5.0. Human capital and digital capabilities need to be further aligned to maximise their potential, jointly and separately.
This era is also defined by geopolitical risk, economic volatility and rising costs. Maximising the skills and capabilities of boards, leaders, executives and teams is an on-going priority as human ingenuity drives us forward.
As one of our respondents put it so well, “The world feels like we have two distinct types of business; those who profited through Covid and those that did not. For those companies that suffered during the pandemic we need to innovate more and work harder to stay relevant to today’s talent. Re-doing old solutions is not good enough. We need to be laser focused on how to attract and retain the talent we need.”