Time for Companies To Create Future Business Models

As the demand for business resiliency increases, the need to create new digital products and services is becoming increasingly pertinent. Today’s companies can no longer afford to rely on the same traditional business models for success and must begin to think about what their future business models should look like. IDC’s recent report Worldwide Services 2023 Predictions – APeJ Implications , outlines the expectation that by 2026, 40% of service providers’ revenues will be derived from digital business models and products/services. This highlights the importance of preparing for the future by developing innovative solutions that address customer needs, preferences, and behaviors. With economic expectations in the APeJ region remaining moderately pessimistic, companies should prioritize long-term investments that will enable them to stay competitive. This means identifying future trends and opportunities, tracking emerging technologies (e.g., AI, IoT, etc.), and leveraging solution-oriented IT services for digital transformation projects that can future-proof their business. Key findings According to IDC, IT spending plans in APeJ are expected to remain stable throughout 2022 as companies continue investing in digital readiness. IT projects will renew their focus to continue contributing to organizations’ digital business agenda by engaging with competent IT services vendors for closely tracked […]

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