Now supply chain disruptions are regular occurrences across the globe. Averaging across industries, companies can expect supply chain disruptions lasting a month or longer to occur every 3.7 years, and the most severe events take a major financial toll.
The network equipment services market reversed direction in 2019, due to positive developments with Network Rollout Services and Consulting Services offsetting reduced demand for Managed Services. According to the latest study, the market is forecast to reach $46 billion in 2024.
via Dell’Oro Group
The COVID-19 pandemic is a watershed moment for the digital transformation of business; Updating business models for a digital-first world, led by purpose, is now an imperative for almost every company; New and creative digital collaborations can reach and serve a more diverse set of people at unprecedented speed and scale.
“Identifying and sizing the potential scope of innovations now in the pipeline is inherently difficult, but we estimate that these technologies could reduce the burden of disease by a further 6 to 10 percent, assuming aspirational yet realistic adoption rates by 2040 — on top of the 40 percent from known interventions.”
“Open banking IT service providers can help banks build the capabilities they desire. To do so, they are investing in business advisory assets to help financial services firms plug the gaps in their business change management initiatives. They are also investing in Fintech partnerships, talent and solutions.”
via Everest Group
Developing an IoT business model and commercializing the solution is not simple but it can be a game-changer. In fact, 61% of new study participants claim that it allowed their company to achieve a competitive advantage compared to their competition.
via IoT Analytics
“Delivering automation of indirect sales processes, workflows and partner programs, channel software is becoming increasingly critical to a brands’ ability to win, serve, and retain its customers and partners. It’s a fast-growing market, with 59% of companies increasing spending across the stack.”
Because of the pandemic, leadership teams have embraced technology and data, reinventing core processes and adopting new collaboration tools. Technology and people interacting in new ways is at the heart of the new operating model for business — and of creating an effective post-pandemic organization.