MANUFACTURING: AN INDUSTRY DRIVEN BY DISRUPTION
A leading manufacturer today can be an also-ran next year. Disruption is the new
normal. Maintain the status quo at your peril because no manufacturer is safe from:
•? Innovative new products that can radically shift demand
•? Falling prices that relentlessly pressure costs
•? Dynamic business models where yesterday’s partner can become
Turning disruption into your advantage requires continuous innovation and
optimization, driven by data.
MANUFACTURING: AN INDUSTRY DRIVEN BY DISRUPTION A leading manufacturer today can be an also-ran next year. Disruption is the new normal. Maintain the status quo at your peril because no manufacturer is safe from: •? Innovative new products that can radically shift demand •? Falling prices that relentlessly pressure costs •? Dynamic business models where yesterday’s partner can become tomorrow’s competitor Turning disruption into your advantage requires continuous innovation and optimization, driven by data.
Business models are less durable than they used to be… [they] are subject to rapid displacement, disruption, and, in extreme cases, outright destruction. The basic rules of creating and capturing economic value were once very rigid. Companies tried to execute the same business models better than their competitors did. That doesn’t have to be the case anymore. Unlike product and service innovations, business-model innovations travel well from industry to industry
Resistance to change is futile. Financial services are becoming more embedded in the banking customer’s everyday life, driving unprecedented levels of change across the industry. The unfolding digital economy is ushering a new era of technology adoption in banking. From cloud to open banking APIs, these play a defining role in enabling banks to create new digital products and services, refresh the bank branch, find new customer segments, and monetize underutilized data and information assets.
Access to digitally-enabled business services will be key for companies transforming their business models in the face of massive, market-wide disruption. So, how can you begin to put the foundations in place?
Read this report to find out:
• why Global Business Services are on the cusp of a major evolution
• six areas where companies should ‘build muscle’ in preparation for the change
• how leading GBS organisations are transforming
• key questions to consider as you put the foundations in place.
Published By: NetSuite
Published Date: Feb 17, 2016
NetSuite recently joined forces with IDG Communications to gather together some of Australia’s leading CIO and CFO professionals to find out how their businesses are responding to disruption, the inherent opportunities it brings, the impact on their roles and what role cloud computing plays in this process. This white paper shares some of the key experiences of participating businesses from a wide range of industries within Australia, including retail, government, tourism and professional services.
Financial Services is an industry driven by disruption. Transformative business models such as low-cost brokerages, innovative investment products like ETFs, and the huge regulatory mandates like Gramm-Leach-Bliley are but a few examples. Here are some others:
• New fintech firms such as a recent nine billion dollar investment in Ant Financial Services Group and myriad other venture capital-led fintech startups targeting well established segments across the financial services industry
• Robo-advisor services powered by artificial intelligence and machine learning intermediating financial advisors and portfolio managers alike
• Ever changing regulatory and risk management mandates, such as GDPR, Basel III, and Open Banking, transforming customer engagement and capital allocation
Read this whitepaper to learn how you can overcome these and other disruptions.
Published By: MuleSoft
Published Date: Nov 27, 2018
Traditional insurers are no longer safe with insurtechs challenging incumbents to rethink their business and operating models. This mass disruption creates increased pressure on IT to deliver intrinsic business value, including new services, customer touchpoints, and experiences. Successful insurance transformation requires rethinking the traditional IT operating model to allow IT to focus on creating reusable assets that empower lines of business. Doing so increases IT’s delivery capacity, making businesses more agile.
Read this whitepaper to learn:
An overview of the challenges insurers are facing in the industry.
How a new IT operating model – API-led connectivity – allows IT teams to unlock data from legacy systems and drive reuse across the enterprise.
Strategies for using APIs to create a single view of the customer and build connected customer experiences.