The future of industries: Bringing down the walls
Technological change is creating historic shifts in industry footprints. It’s reshaping the foundations of many industries.
From products to services: a survival guide for TMT companies
of TMT CEOs say technology has completely reshaped their competition in the past 20 years
of TMT CEOs say technology has completely reshaped their competition in the past 5 years
of TMT CEOs say technology will again completely reshape their competition in the next 5 years
The Technology, Media, and Telecommunications (TMT) sector continues to evolve. In the six years since Marc Andreessen first wrote that, “software is eating the world,” the rapid disintegration of the products-focused business model has been matched only by the quickening pace of advanced technology adoption. And all indicators suggest that this trend will only accelerate in the coming years.
Transitioning from a products-focused business model to a services-focused model driven by technology requires addressing multiple areas such as strategy and structure, offerings and operations, as well as establishing a framework for responding to risks and regulations.
While these considerations are unique to each company, and there is never a simple answer to the challenge of transformation, we have identified four guiding principles that provide a blueprint for making bold decisions.