Epicor Global Growth Index Reveals Businesses are Investing in Tech to Offset the Impacts of COVID-19
Epicor Software (News - Alert) Corporation, a global provider of industry-specific enterprise software to promote business growth, today announced the release of the annual 2020 Global Growth Index, a report that explores the growth trajectory of companies around the world and provides insight on how business leaders are using technology to support and drive growth initiatives. The index looks at the constantly changing state of growth in the manufacturing, distribution, retail and e-commerce industries along with what trends impact the bottom line.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200723005142/en/
Epicor's study finds that big data helps organizations drive growth in the following ways: nearly 43% are optimizing operations, 44% are increasing sales, more than 45% are improving profitability, and nearly 81% of reported that it took two years or less for big data to drive business value. (Graphic: Business Wire)
The report's findings show that companies across the globe are embracing technologies to offset the impacts of global volatility, such as COVID-19 and supply chain disruptions. These market conditions are fueling the need to enhance business resilience over the next 12 months, with companies prioritizing better technology (41.4%), better planning (38.9%) and working more efficiently (40.9%). Other key themes identified through the research is listed as followed:
Investments in AI and Big Data are paying off
"It's no secret that recent global events have disrupted the normal order of operations and further spurred businesses' adoption of technology," said Steve Murphy, Chief Executive Officer at Epicor. "The trends outlined in this report prove to the wider business community that technology investment is paying off, and that technology investment will continue to be vital if leaders wish to successfully maintain business resiliency, adapt to geopolitical volatility, and stay flexible around market changes."
The global report also revealed impactful insights from key decision makers about their business growth and their future plans in the following countries:
This online survey, the fourth one undertaken by Epicor, was conducted in March 2020 by global research firm Dimensional Research. Responses were received from 2,002 professionals across 23 countries. All respondents oversee or perform essential duties that informs the business decisions for their organization, across the manufacturing, distribution and shipping, retail and e-commerce verticals. The survey did not knowingly poll customers of Epicor. Survey participants represented organizations with 100 employees to 5,000+ employees worldwide.
To view the report in full, please visit Epicor 2020 Global Growth Index.
About Epicor Software Corporation
Epicor Software Corporation drives business growth. We provide flexible, industry-specific software designed to fit the precise needs of our manufacturing, distribution, retail, and service industry customers. More than 45 years of experience with our customers' unique business processes and operational requirements are built into every solution?in the cloud or on premises. With this deep understanding of your industry, Epicor solutions dramatically improve performance and profitability while easing complexity so you can focus on growth. For more information, connect with Epicor or visit www.epicor.com.
Epicor and the Epicor logo are trademarks or registered trademarks of Epicor Software Corporation, registered in the United States and other countries. Other trademarks referenced are the property of their respective owners. The product and service offerings depicted in this document are produced by Epicor Software Corporation.
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