In what ways can businesses measure the ROI of their investments in cutting-edge technology to ensure they are staying competitive in the digital transformation landscape?

Businesses can measure the ROI of their investments in cutting-edge technology by tracking metrics such as increased efficiency, cost savings, revenue growth, and customer satisfaction. They can also conduct regular audits to assess the impact of the technology on their overall business performance. Additionally, businesses can benchmark their technology investments against industry standards and competitors to ensure they are staying competitive in the digital transformation landscape. Regularly reviewing and adjusting the technology strategy based on these measurements can help businesses maximize their ROI and maintain a competitive edge.