Webinar
Building innovation in an emerging digital world
May 3, 2021 · Authored by Dave DuVarney, John Runte
In this Baker Tilly event featuring HITT Contracting, we explored Baker Tilly’s ability to help companies grow their technological innovation capabilities.
Baker Tilly assists companies with technological and digital innovation in four primary areas:
- Transformation – We help organizations generate digital ideas and new technologies.
- Data solutions – We help organizations process large volumes of data to help the business grow and improve.
- Cloud infrastructure – We help modernize infrastructures to help organizations take advantage of the power of the cloud.
- Application development – We help organizations break new ground and move into customized areas that have specific applications that add value to the company.
Why digital innovation matters
An easy way to visualize the importance of digital innovation is a 2017 research report from McKinsey Global Institute. McKinsey’s report indicated that the biggest barriers to innovation by construction companies are an underinvestment in IT and technology and a lack of R&D processes. As illustrated in the adjacent chart, a 14-15% increase in technology and innovation results on average in a cost savings of 4-6%, which of course is quite significant.
