Companies can gain $357 bn in annual profits globally through people-focused transformation, commitment to ESG: Infosys

Technology adoption alone no longer key to unlocking success, profits: Infosys

Digital adoption alone is no longer enough to meet business objectives and drive profits, a research by Infosys Knowledge Institute (IKI), the thought leadership and research arm of Infosys, has found.

The study, Infosys Digital Radar 2022, revealed that companies must now use digital to differentiate beyond traditional IT metrics, reaffirming the importance of people-focused transformation and ESG (Environmental, Social, and Governance) in achieving business success.

Improving average transformation effectiveness has the potential to unlock $357 billion in incremental profits globally, according to the study. While digital adoption and ESG orientation would individually drive profits, they would be more effective while deployed together, the research identified.