Expectations for both consumer and commercial products have changed. Consumers want products that evolve with their needs, adapt to their preferences, and stay up-to-date over time. Manufacturers, in turn, need to create products that provide engaging customer experiences not only to better compete in the marketplace, but also to provide new monetization opportunities.
In the past couple of months, I have talked to the majority of the world’s largest banks about what is necessary to drive successful cloud adoption at enterprise scale. These conversations have a lot of things in common with one another, and I often send the same research notes as a follow-up to our conversations.
Data is certainly the new currency of the financial services industry. At Snowflake’s Financial Services Data Summit in EMEA last week, attendees heard how Snowflake is helping customers spend and share that currency to better improve their operations, reduce their risk and, above all, deliver better customer experiences.
With the uncertain effects of COVID still persisting, you will have to balance your 2022 growth priorities while remaining prepared to respond to the pandemic. There are four major trends across the financial services industry, and you should be aware of how these potential threats and/or growth opportunities will impact your firm.
The industrial machinery and components industry is undergoing significant change. The global pandemic forced many industrial manufacturers to rapidly transition to more digital operations, and it also played a role in shifting long-held perceptions of how technology can be used in the industry.
One of the most profound, and perhaps unanticipated impacts of the COVID pandemic is the dramatic changes to the global supply chain, global workforce, and newfound pressures on delivery and logistics. Certainly no one would have imagined that a primarily health-related cause should have such profound economic, workforce, and basic materials impacts.
How to leverage the upcoming S/4HANA migration as an opportunity for a holistic SG&A cost transformation. ERP migration as an opportunity for SG&A cost transformation in CPG. As cost pressures in the consumer packaged goods (CPG) industry rise, CFOs and other executives are seeking to extract more efficiencies from central functions. CPG companies spend 21 percent of their revenue on average on selling, general, and administrative (SG&A) expenses.
The urgency for change is clear: Already, insurers with more sophisticated IT capabilities  have an obvious advantage in terms of agility, growth, and cost ratios, and they are better able to match the increased need for digital offerings.
In recent years, the pulp and paper industry has looked to digital to further optimize operations. This is driven, in part, by three market trends: continued price pressure on paper manufacturers as the market for traditional paper products declines, growing demand for paper packaging as a more sustainable alternative to plastic, and growing demand for tissue products globally.
The following opinion piece was written by Scott Snyder, a senior fellow at Wharton’s Mack Institute for Innovation Management , chief digital officer at EVERSANA, and co-author of Goliath’s Revenge: How Established Companies Turn the Tables on Digital Disruptors.
No sector has been more disrupted than transportation due to the global pandemic. In fact, the only certainty for the sector is constant change for the foreseeable future. In response, the industry is now looking to technology to build business resiliency to survive and thrive regardless of what’s ahead.
 Intelligent Transportation Systems are made up of advanced applications developed with the main goal of providing innovative services relating to different modes of traffic management and transportation.
The healthcare sector, as well as the entire life sciences industry, is increasing its focus on the patient experience. Healthcare organizations see this as a way to improve outcomes, but they also are responding to the expectations consumers now have after experiencing better digital interactions elsewhere.
The manufacturing industry is one of the leading sectors starting or speeding up digital transformation. Particularly hard hit by supply chain issues, the sector wants to ensure resilience to business disruption and not be caught again by events with global consequences.
