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Why Digitize and Where to Start, Frost & Sullivan's Guide to Increase Utilization Rates and Improve Revenue MarginsMONACO, Sept. 1, 2015 /PRNewswire/ -- Digitization trends - like digital manufacturing or connected workspace technologies - are bringing new efficiencies to the industries. "Working from anywhere anytime" concept will result in the office space requirements decreasing by around 30 percent between 2013 and 2022, with a consequent utilization rate increase from 55 percent to 80 percent. Big data analytics and advanced prognosis solutions will also help optimize the operational flows and improve the revenue margins in companies. For example, big data analytic allows retailers to increase revenue margins by more than 60 percent and predictive intelligence platforms can make the production lines in manufacturing facilities faster by 30 percent (by eliminating redundant activities). These are only some of the many advantages that digitization can bring to a company. That is why it has become crucial for companies to have in place a digital strategy to succeed and thrive. To understand why digitize and where to start will be at the core of Frost & Sullivan's annual Growth, Innovation, and Leadership (GIL) conference. GIL 2015 returns for its second edition on the glamorous shores of Monaco on Friday, 23rd October. To download the brochure and to attend the conference, please visit http://bit.ly/1IIEWWs. "A digital strategy for a company is a necessity. Our analysis clearly demonstrates that it helps improve customer service levels, retain customer relationship, beat the competition and set industry's standards," says Arnaud Bossy, Consulting Director for Europe, in charge of the Digitization programme at Frost & Sullivan. A wide range of activities can be undertaken to transform a company into a digital leader:
According to Frost & Sullivan, more than 70 percent of top fortune 500 companies have plans to offer their product as a servie by 2020. The event at the Monte Carlo Bay Hotel & Resort will start at 9 am with a welcome speech by the Senior Partner & Global Head of Growth Consulting Jan E Kristiansen. It will feature a mix of Frost & Sullivan experts and distinguished industry visionaries. More than 200 business leaders are expected to attend the conference during which a number of case studies and success stories will also be presented. The Minister of Finance & Economy of the Principality of Monaco, Jean Castellini, will explain how digital is being leveraged by Monaco to transform itself. Martin Peronnet, Managing Director of Monaco Telecom, the Principality's Telecom Operator, will share his thoughts on transforming a traditional telecom operator into a digital one by disrupting the business model and the company culture. To attend and be part of a distinguished community of business leaders and for sponsorship opportunities, you can also contact Chiara Carella, Head of Corporate Communications, at [email protected] About Frost & Sullivan Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.
For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector, and the investment community. Is your organisation prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics, and emerging economies? Contact Us: Start the discussion Subscribe: Newsletter on "the next big thing" Register: Gain access to visionary innovation Contact:
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