Telecommunications, Information, Communications, Media and Entertainment
Around the globe, technology continues to revolutionise the business landscape and have a dramatic impact on the world. In the midst of this revolution, companies face a myriad of challenges that require innovative and proactive solutions that help maintain short-term success and sustain a long-term competitive advantage.
At PricewaterhouseCoopers, we have identified the companies operating in the technology, information, communications (and telecommunications), media and entertainment sectors (TICE). All face similar issues - all related to the massive impact rapid developments in computer technology are creating. These issues include:
Choice and changing infrastructure : The proliferation of choice, new technologies such as the Internet, increase in competitive pressures and new and more efficient delivery channels have fragmented the consumer market in all sectors.
Consolidation and convergence of technologies : As a truly global marketplace emerges, companies are:
· Finding synergies with other industry organisations
· Rationalising core competencies, and
· Optimising outsourcing opportunities.
Regulation and standardisation : Rapid developments in digital technology are blurring the distinction between telecommunications, computing and media. Changing legislation in many markets has resulted in reducing the entry barriers to the industry. The results are phenomenal: new markets, new players, new challenges, and - for those positioned to turn change to competitive advantage - new opportunities.
Implications of the global marketplace : To be successful, sector companies need to develop efficient and effective global operations to:
· Service international expansion
· Source finance to enable expansion, and
· Cater for complex tax codes and regulations.
Pressures to increase shareholder value: With the huge demand for competitive advantage and the rapidly changing dynamics of the industry, increasing shareholder value for TICE companies has never been more difficult. Companies must provide the best training and remuneration structures to attract and retain the best people to protect intellectual capital, and try to predict the future.
How PwC can help you
PricewaterhouseCoopers TICE professionals in the Middle East are in direct contact with market leaders, government agencies and other key industry resources across the region. Globally, we provide services to many of the world's highest profile and successful TICE companies including 18 of the top 20 global telecom players.
