Information and communication sectors today are best characterised by one word: change. A highly competitive and continually changing environment and pressure for constant innovation create a dynamic synergy of opportunities and challenges.
Staying on top requires the right technology, innovative partnerships and a sustainable business model. The information and communication technology sector in the Czech Republic is constantly evolving and has retained good growth potential. Much of the growth in the information technology sector is driven by foreign direct investment, e.g. in technology centres, international corporate branches, offshore IT companies, etc. Over the last few years, the Czech Republic has become an important centre for technology services with high added value. The telecoms industry on the other hand is at a turning point. Telco companies are spending lots of money on increasing network capacity and upgrades while they struggle to optimise returns on their investments. It has come to a point where letting technology drive Telco CAPEX decisions is not the best idea - Telco companies need to adopt a more commercial approach. At the same time, Telco companies will have to face accounting challenges resulting from the planned changes to the IFRS revenue recognition criteria and accounting for leases.
PwC around the world assists clients in the field of telecommunications, software and IT technologies not only to solve business issues, help with regulation, compliance and risk but also to develop and achieve long-term strategic objectives. Our experts deliver top class service thanks to their industry expertise and global perspective. That is one of the reasons why more technology companies choose PwC than any other professional services firm.
Understanding market challenges is only half of the success. The rest lies in knowing how to face them. During the 150 years of our existence we have found again and again that hard times are the best teacher. We are here to share our knowledge and practical experience. We will help you face your business challenges and achieve your long-term goals.
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