One thing is for sure: the digital age does not allow our speed of responsiveness to remain constant. The “2019 Global CEO Outlook” from KPMG sums up the consequences as either “agile or irrelevant”. Why? Because digitization changes almost every business model. As early as next year, 80 percent of all value chains will be digitized. Companies that generate more than 50 percent of their revenue through digital ecosystems increase their revenue by 32 percent and their margin by 27 percent.
In our view, to reposition for the future, companies need four building blocks. And these four elements enable a digital ecosystem. First, connectivity provides the foundation upon which all digitization is built: infrastructures that move between existing, private and public cloud to provide a responsiveness and return never before experienced, security by design throughout the system, and digitization as the glue that brings value across the chain, from customers through to supply chain.
"What makes a solution impactful is – HOW you use it."
In Europe, three out of four companies see 5G as one of the most important technologies of the future. This means that not only Germany is after the successful auction of the 5G licenses; it’s all about harnessing the power of the new generation of intelligent mobility tailored to the needs of a company, right down to the use case. That means Software Defined Networking (SDN), Network Functions Virtualisation (NFV) and Artificial Intelligence (AI) must be leveraged to improve time-to-market of innovative 5G services and business models.
Security and cyber resilience is another example. On the one hand, the ability to integrate digital innovation is key to unlocking long-term growth. However, concerns over cyber security can impede those ambitions. Organizations need to ensure that these threats do not undermine digital’s growth potential. This view is possible through a network view into the system, continuing to identify and address potential vulnerabilities.
For companies, it is about finding a partnership where one can seamlessly address all four building blocks and commit to business outcomes. That is, accountability coupled with agility to build trust established from a strong foundation and using resiliency in a partner ecosystem to extract impact from new technologies. That partnership, that commitment, that focus is what we call higher performance.