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:
Notes to editors
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