The world is changing. IT and IoT are rapidly developing, computers and all sorts of devices are everywhere. Business will have to follow, and need to adapt in order to support all of these changes and compete.

Digital technology creates enormous reservoirs of data every day. All of this data needs to be processed just to remain competitive. Thought leaders have already started analyzing customer behavior, and are gaining insights into what customers need, want and feel. This creates knowledge and statistics about which products should be made, which products should be adapted and the how, when, price.

Innovation and adaptability are becoming more and more important to exploit business opportunities. If companies want to stay on top, they will need adapt to this digital revolution and to transform to take advantage of this data.

Many of the people we speak to believe “going digital” is important to their future success. However, although most believe in it, many can not or do not translate this into action. For simplicity we would like to identify 2 groups: leaders and laggards. Leaders are studying and investing. Laggards are waiting to see what happens.

Leaders forecast a large huge business impacts from a wide range of digital technologies over the next 40 months (!). Laggards do not, and cannot. The difference can be seen in priorities, budgets and strategies. Leaders stand to have an enormous advantage.

There are around 8 billion mobile devices in the world: more than there are working toilets (4.5 billion)!. By 2020, an estimated 5 billion smartphones will be connected to the Internet with access to millions of mobile applications.

Access to mobile and digital technology has resulted in massive volumes of new data available for analysis, soaring customer expectations and the need for speed to great heights. It is still largely unknown terrain, and studies are well underway. Reports are quoting that the impact companies will feel concerning mobile devices and mobile processing will increase by 75% by the year 2020. (and that should one of the largest reasons cyber-security should be high on everyone’s agenda!)

The migration of business and commerce to mobile devices is forcing IT companies and suppliers to rethink, redesign and restructure. Sales, marketing and customer service are migrating to mobile environments. If you think mobile is already huge: our “digital leaders” expect business impact will increase by another 105% in the next 40 months.

Combine this with the fact most IT companies put in place “sequential” systems, you can imagine what the challenges need to be faced in coming “parallel” world. Operations will have to keep up with more and more information, and users (and customers) demands everything to up to date and at their finger tips. Current IT systems were not designed to handle that.

Be part of the digital revolution. Contact Neksus today!

Sources: Cognizant