Laying the foundation for future growth
When the pandemic began two years ago, it catapulted many organizations into the future, rapidly accelerating digital transformation. Work environments changed overnight as remote work became commonplace and market demands evolved. Deloitte urged technology organizations to upgrade their supply chains for greater transparency and resiliency and to embrace cloud, everything-as-a-service (Xmas), and edge intelligence to ramp up their transformation efforts.
As 2021 began and many supply networks struggled, we advised technology industry leaders to reexamine where and how manufacturing happens and to focus on improving transparency, flexibility, and resiliency. We also suggested that organizations reorient and res kill their work forces in order to optimize remote work capabilities and take full advantage of advanced technologies such as AI.
At the start of 2022, many of these issues remain front and center for technology companies, with one important difference: Leaders now have an opportunity to address these challenges more deliberately and purposefully. Instead of managing an immediate crisis, they can lay solid foundations for future innovation and growth.
Some of the specific themes we see playing a foundational role in 2022 and beyond include:
Taking cloud and everything-as-a-service to the next level. As more companies embrace cloud and service-based IT to drive innovation and transformation, and as Xmas providers multiply, more work will be needed to manage the technical and operational complexities of hybrid, multi-cloud approaches.
Creating the supply chains of the future. As technology companies continue to recover from pandemic-induced supply chain disruptions, they will start proactively preparing for future uncertainty and other systemic risks. To do it, they’ll build systems with better visibility and resiliency.
Building the next iteration of the hybrid workforce. With more experience utilizing a hybrid workforce under their collective belts, tech companies will evolve their cultures, accelerate experimentation with collaboration solutions, and develop better approaches to managing tax implications.
Leading the charge to create a sustainable future. Although the tech industry is working to address critical sustainability issues, growing pressure from stakeholders and potential changes to environmental, social, and governance (ESG) reporting rules will incite tech companies to heighten their focus on reducing and reversing environmental impact.
Download the full report to learn more about the impacts of technology industry trends, key actions to take, and critical questions to ask.
Paul is a partner with Deloitte & Suggestions LLP and leads Deloitte’s US Executive Accelerators (XS) in Client & Market Growth (CMG), and also serves as Vice Chair and Deloitte US Technology Sector Leader. Previously, Paul led Deloitte’s Technology, Media & Telecommunications (TMT) industry practice in Risk & Financial Advisory, and worked as an auditor in the Audit & Assurance business. With more than 30 years of professional services experience, Paul also serves as a lead client service partner for a select number of Deloitte’s most strategic global technology clients. Additionally, Paul is the Deloitte US executive sponsor of the Catalyst Tel Aviv Program, which helps US clients interested in innovation engage with the 6,000+ Israeli start-up community.
Paul specializes in leadership development, crisis management, digital enterprise transformation, business continuity, change management, and identifying the resources within our organization to help clients address their most complex issues and professional service needs. He is conversationally fluent in German and has gained international experience by working for two years for Deloitte Switzerland.
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