Technology – Transforming business models

Technology

Digital disruption is an all-pervasive trend that presents companies with an opportunity to transform their business models to drive long term success. Resilient companies optimise their planning decisions by making technology transformation a strategic priority.

Our research shows that over the next 12 months, 80% of senior executives rated their company as being under extreme or significant pressure to integrate technology and innovation into their business. The impetus for corporates to respond to the changing digital environment by transforming their business and demonstrating their technological relevance has never been greater.

Across industries, transformative technologies such as artificial intelligence, blockchain and machine learning are disrupting the way they deliver their products and services, compete more effectively, manage costs, predict risks and protect customer data. It is also changing the way companies manage their workforces and continues to impact their culture and leadership. 

This evolution, however, opens companies to new risks, particularly around cyber-security, data privacy as well as regulatory, operational and supply chain risk. Resilient companies are those that adapt their security and risk management practices to enable them to successfully prepare for these in a hyper-connected business environment.

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