As the digital era truly dawns on the world, companies find themselves in the unenviable position of needing to evolve to remain relevant without losing sight of their core mission. This is especially true in the commercial market, for the Travel & Transport, Retail and Manufacturing sectors. Companies within these industries are having to actively find the balance between maintaining their traditional footprint, whilst navigating the journey towards accommodating and leveraging digital technologies.
Most companies are facing several key challenges because of new consumer demands and the ever-expanding new channels of commerce, the rise of non-traditional competitors with disruptive business models, and shorter product cycles. This has resulted in new threats and opportunities.
They face further internal and external challenges such as a declining economy and finding ways in which to ensure sustained growth, reduce structural costs to remain competitive but at the same time ensuring that they invest in new technologies and operating models which will result in innovation as a basis for new growth. Talent remains paramount and companies need to win the war for talent to access intelligence and innovation
As the 4th Industrial Revolution’s adaptation continues, an additional dimension for companies within the commercial sector to manage is that fine balance between traditional and digital operations and understanding what’s best for the markets and customers they serve. Some of the top challenges experienced include:
- Shifting consumer demographics and consumption patterns drive a need for greater
insight and more personal engagement across all touchpoints
- Pressure to differentiate through superior offerings, dynamic supply chain and partner collaboration
- Need to orchestrate across all partners to optimize manufacturing, supply and distribution networks
- Pressure to innovate for agile operations, profitable business models and empower employees
We at Altron Bytes Systems Integration are here to partner with you along this journey and have structured our dynamic solutions accordingly. We have embraced the four pillar technologies of the 4th Industrial Revolution – Cloud, IoT, Big Data and Security.
Through our practices and world class partner network, we have united around a vision to deliver innovation that matters.