DP Solutions Blog Why Outdated Technology Is Sabotaging Your Business

Is outdated technology draining your organization's resources? The answer is probably yes. According to a recent Deloitte survey, 82% of companies failed to meet their cost-reduction goals last year, with inefficient technology infrastructure being a key factor. The 2024 poll of nearly 300 business leaders focused on improving business margins and transforming technology revealed that challenges with outdated tech are the biggest barriers to reducing costs. More than half of the respondents also highlighted that leveraging data and generative AI strategies to improve margins will be a priority this year. What does this indicate? Businesses are eager to adopt new, automated, AI-driven methods to save money and boost efficiency but are held back by old, inefficient technology.