Who knew that the value of a cell phone will depend on the apps that it can support; and shoes will have integrated censors to enhance user experience? Trends such as social media, mobility, analytics and cloud can not only disrupt your business models but transform the inter-relationship of IT and end-users. Such changes in the marketplace require CIOs to take on a more strategic role to deliver value.
The increasing pace of change and its disruptive impact on businesses is now common knowledge. Gone is the time when products had a lengthy lifecycle, and a single R&D investment generated a revenue stream for years to come. Today, the market is being flooded with new products and services by large organizations and start-ups. This is a clear indication of the need for them to be agile and responsive in order to maintain their competitive position. In his new blog Ram Sarvepalli, Leader Advisory Services- defines Agility (at the organizational level) relates to an enterprise’s ability to rapidly adapt to changes in the business environment and its key principles.
Dinesh Mishra, Leader-Customer practice at EY, while highlighting the growing realization about the importance of delivering compelling and differentiated customer experience, emphasizes on the need for an overall customer centric approach and how this can be made the core for an organization and allow technology to act as a strategic enabler.
Today’s workforce believes in working their way and so the work done matters and not the place. The liberty to do the work their way is backed by BYOX phenomena and hence it has become the “Buzzronym” of the season. In this blog post Jaspreet Singh, Associate Director, IT Risk and Assurance highlights the evolution of BYOD (device) to BYOX where ‘X’ could be anything or everything.
The modern day enterprise is increasingly facing a volatile, uncertain, complex, and ambiguous (VUCA) world. Organisational reputations and indeed futures will be made or more likely destroyed by their response to managing their GRC (governance, risk and compliance) processes. In this blog post Samiron Ghoshal, Partner and National Leader IT Advisory Services, EY, India, shares the need for minimising the resources devoted to risk and compliance activities to cut back office costs.
The market scenario is presently characterized by customer expectations being at an all-time high, intense competition and rising cost pressures. As such, companies are on their toes to come up with products that excel in terms of their durability and performance. This requirement has enhanced the need for known, but revived field of engineering, called mechatronics, or systems engineering. In this blog post, Devendra Parulekar, Partner, IT Risk and Assurance (Technology, Communications and Entertainment Group), EY, emphasizes upon the need for an integration of mechanical, electronic and computation to enhance the performance of your business.
Day in and day out, businesses in India have to deal with numerous corruption-related risks. A majority of these are in the form of theft of physical assets and information, bribery, and internal financial frauds. This trend, combined with a stringent regulatory and enforcement environment, has brought risk management to the fore. It is not a choice anymore, but a necessity. Neville Dumasia, National Leader, Risk Advisory Services, India, EY discusses ways to leverage internal control to tackle corruption.