The global Aerospace & Defense Industry is experiencing an increasingly challenging situation. A&D companies are trying to overcome the challenge which comes in the form of frugal customers and increasing market competition.This prompts them to control costs and shift their focus from innovation.
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The automotive sector is in a state of flux – emerging technology and fast-blurring boundaries between stakeholders are transforming the landscape rapidly. Increasing demand for personalized product and experience, rigorous quality standards and reduction of operating costs are the major challenges faced by the auto industry.
Read MoreDigital disruptions are forcing banks to rethink operating models. Today, corporate banking customers demand real-time interaction, service immediacy, and transparency. They want an experience on par with that of Uber or Amazon in corporate banking. Start-ups like TransferWise and Simple Tax have identified this need in retail banking, providing
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The financial services industry is witnessing a phase of rapid transformation driven by disruptive technologies such as Smart Contracts, Blockchain, Automation, and Artificial Intelligence. A number of factors including shrinking revenues, increasing costs, and capital market compliance add further to the challenges.
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The Life Sciences & Healthcare industry is witnessing a dramatic transformation, and “convergence” has emerged as a pivotal focalpoint. Convergence of the entire ecosystem, including pharmaceutical companies, payers, providers, and other intermediaries with the patient at the center, is driving this journey.
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Media and entertainment companies are being impacted by several emerging trends such as digitalization, multi-platform content consumption and the omnipresence of social media. In addition, the proliferation of connected devices has led to data being generated in immense volumes.
Read MoreLogistics competencies grew by leaps and bounds in the 1990s. However, the landscape in the digital age is vastly different. The internet has unleashed an immense potential to communicate and collaborate, giving rise to advanced travel management software and tools.
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The chemical and process industry is transitioning from being product sellers to solution providers with constant changes in their landscape. Increased cost, reduced growth rate, and inefficient operations are bringing down their performance.
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Today’s service providers are confronted by radical changes to their business environment, and while they have been largely working to create leaner operations, the mechanics of doing business has changed over the years leading to transformations in the business model.
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