Navigating our new reality has been a real game changer. It has revealed a growing digital divide between businesses that were already down the path of transformation and others struggling to keep pace.
Surviving in the new reality requires businesses to deliver at the speeds today’s customers expect. To accomplish this, the way IT operates must be reimagined. It needs to employ an operating model that is agile, dynamic, and adaptive to both business needs and market demands in order to deliver at varying speeds and scales.
This market speed operating model must be portfolio driven – meaning from how people are organized and governed all the through to the technology architecture that supports it – and designed around the specific value streams of the business and its unique velocities, attributes, and characteristics.
A shock wave in the form of a new industrial revolution is taking place. It’s reshaping the foundations of many mobile app developments. And it’s bringing down the walls between others as the boundaries between suppliers, producers and consumers and, in some cases, between whole industries shift.
Technological change is creating historic shifts in industry footprints. Over the next ten years, we think this process will accelerate. Traditional industry classifications will need to be rewritten. Where industry boundaries begin, where they end and who the main players will all be up for grabs in a number of sectors. We look at what’s happening in different industries. Will we see a new industrial order? Are completely new sectors emerging? And, crucially, is your company ready?
Five big issues for companies
- Have you got an outcome focus or are you still stuck in a physical product mindset?
- What are you doing to avoid the commoditization of your business?
- Are you building a platform presence?
- Are you leading with or being left behind by advanced technology?
- Have you got your timing, right?
This ‘Future of Industries’ report discusses these and a number of other questions.
National statistical accounting challenges notwithstanding, tracking the eCommerce website development growth trajectory is essential because it serves as an integral forward-looking barometer of U.S. economic growth and international competitiveness. Conceptually, the digital economy comprises goods and services that either were produced using digital technologies or include these technologies. The information and communications technology (ICT) industry stands at the center of much of this activity, underpinning the digital economy and serving as a reliable yardstick of its performance. Niebel (2018) confirms the link between ICT industry investments and economic growth, finding that between 1995 and 2010, “ICT contribute[d] substantially to economic growth” for developed, developing, and emerging countries.[4]
In the digital era, innovation, entrepreneurial dynamism, and information and ICT production will drive America’s competitive edge. The ICT industry and ICT-enabled industries make important contributions to economic growth. This paper attempts to value those contributions and benchmark the importance of the ICT sector in the U.S. economy by assessing its contributions to economic growth, and job creation. The sector’s downstream contributions to the small business ecosystem and investments in reskilling and upskilling initiatives are examined. Finally, systemic challenges related to data privacy, trade, and immigration facing the sector are reviewed.
Deep investments in ICT assets: Fishing equipment Computer hardware, software, internet, and broadband infrastructure, for example, are crucial determinants of growth in advanced economies. An OECD study by Vincenzo Spiezia posits that increased GDP growth and country-specific global competitiveness can be primarily attributed to growth rates in ICT investment.[5] The impact of ICT assets, measured as the value of ICT-capital services as a percentage of GDP, is instructive in assessing the ICT sector’s full growth contribution. And on that front, the U.S. has secured a global lead, maintaining relatively strong competitiveness compared with other OECD member states. India and China have emerged as front-runners in this space, particularly with respect to the high levels of capital (or capital services) that ICT assets bring to GDP growth.
Source: Crypto Payment Gateways
