Pioneering report identifies specific actions to help companies capture opportunities created by advanced information and communications technology (ICT) solutions. Strategies presented to meet the needs of businesses at different stages of disruption. The pace of digital transformation expected to increase exponentially and affect businesses in all sectors over the coming years.

Ericsson (NASDAQ: ERIC) has today launched a report presenting opportunities and strategies for businesses facing digital transformation. The report, entitled ‘Organizing for Change’, is based on nearly 100 in-depth interviews with senior executives in established enterprises from a range of sectors, industry experts and digital startups.

The principal finding of Ericsson’s report is that implementing specific actions can help companies turning risk into opportunities created by advanced ICT solutions. It offers a survival guide that presents a self-evaluation process based on a business’s current value proposition, its capacity to innovate and the threat posed by potential disruptors. Based on the outcome of this assessment, the report then gives concrete advice on effective business strategies.

Erik Kruse, Director of Ericsson’s Networked Society Lab, says: “In this time of accelerating change, inaction is by far the greatest threat of all. Digital transformation is a behavioral, cultural and economic shift to which all forms of business must adapt. However, there is no one-size-fits-all approach. By presenting a survival guide tailored to the needs of businesses at different stages of disruption, the ‘Organizing for Change’ report is a key enabler for exploring the possibilities of the Networked Society.”

‘Organizing for Change’ is the third and final part in a series of Ericsson reports on digital business transformation. Previous reports revealed the technology-driven macrotrends disrupting conventional business logics and discussed the operating models of new digital enterprises.

In the past 40 years, ICT has been a transformation agent with an impact unseen since the Industrial Revolution. The pace of change has accelerated in the past five years, and is expected to increase exponentially in the coming years. The latest Ericsson Mobility Report, published in June 2015, predicts that by 2020, 90 percent of the world’s population will be covered by mobile broadband networks and 70 percent will be using smartphones. By the end of the same period, Ericsson sees 26 billion devices being connected.

The convergence of communication and information technologies has already enabled dramatic transformation in several industries by opening the way for innovation from a variety of players. So far, this change has been most evident in the media and communications industries and a similar development has taken off in sectors such as education, transport, healthcare and hotels. As technology development accelerates, more industries will undergo the same transformation – either by choice or necessity.

The ‘Organizing for Change’ report can be downloaded here.

Previous reports in Ericsson’s digital business transformation series:

The Disruption of Industry Logics

Digital Disruptors: Models of Digital Operations

Notes to editors

Infographic ‘Organizing for Change’

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Ericsson is the driving force behind the Networked Society – a world leader in communications technology and services. Our long-term relationships with every major telecom operator in the world allow people, business and society to fulfill their potential and create a more sustainable future.

Our services, software and infrastructure – especially in mobility, broadband and the cloud – are enabling the telecom industry and other sectors to do better business, increase efficiency, improve the user experience and capture new opportunities.

With approximately 115,000 professionals and customers in 180 countries, we combine global scale with technology and services leadership. We support networks that connect more than 2.5 billion subscribers. Forty percent of the world’s mobile traffic is carried over Ericsson networks. And our investments in research and development ensure that our solutions – and our customers – stay in front.

Founded in 1876, Ericsson has its headquarters in Stockholm, Sweden. Net sales in 2014 were SEK 228.0 billion (USD 33.1 billion). Ericsson is listed on NASDAQ OMX stock exchange in Stockholm and the NASDAQ in New York.

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