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With the average company investment into digital transformation increasing 148% in 2020 your competitors are racing to disrupt your business. Can you afford to be left behind?
The high tech industry does what it says on the tin. And given technological innovation is already at their fingertips, a digital overhaul may not seem necessary. The digital innovation expected of a technological rethink is occurring in this industry as we speak, surely?
As digitalisation spreads across the business world, this industry is actually set for the most groundbreaking disruption as the businesses involved seek to put their practices into play for the other industries they serve. Central to this is the revamping of high-tech products for said-industries, and the reimagining of the new business models behind that.
Creating a culture of innovation is at the core of this.
There’s two sides to every story: and the operations of this industry is the first.
This industry implements technological overhauls for other industries lacking the knowledge and know-how, thus, how it implements its products and services is key to its own overhaul.
This starts with a move towards an as-a-service business model, from which customer satisfaction and engagement can rise by innovating easy-to-adapt new technology, as well as creating an interconnected business model built with a holistic eye.
Telemetry is also forecasted as a key component of this industry’s future as it relays data-driven insights scored with potential to fine-tune user experience.
As with all technological changes, our high tech consulting provides a complete operational overhaul.
This industry might already be weighed down by technological expertise, but the workforce fuelling your business needs the innovation that your clients expect. This starts with digital intelligence, machine learning, and Artificial Information informing the future of your business across the entire supply chain.
From here, collaboration can continue across your business, ensuring the growth that your business needs to stay afloat in a constantly-evolving field.
The brains behind these changes include blockchain and data-driven insights powered by analytics, both of which can inform the innovation your business requires in order to stay competitive amongst the businesses inciting disruption.
Digital innovation isn’t just a product; it's a promise.
Director of Technology, Simply Brands
The high-tech industry future marks itself as unique when compared to other industries.
It’s not about what the customer wants necessarily, and it's not even about adding your new tech up to a complete overhaul of the business. It's about providing a service tailored to the customer, and it's about infusing your business with the technology you need to stay up-to-date in such an innovative industry.
For those with an ear to the ground, this process is also known as a Digital Transformation. A Digital Transformation rethinks how you manage your people, your clients’ and business’ data, and how you carry out your business operations.
Or, in simple terms, a DT is the technological revamp your business needs to stay competitive.
Even the businesses behind digital transformations need a fresh perspective of their own! From your managing director to your interns, by reimagining the business model and supply chain serving your clientele, as well as rethinking the presentation of the products, you can stay competitive in such a disrupted industry.
Adapting to the changing industry around you is fundamental to survival, as is a new perspective on your industry you might not be able to detect.
You get back to everyone else’s digitalisation, and we can get back to yours.
ACHIEVE AN AS-A-SERVICE PRODUCT
Navigating your customers to your as-a-service technologies invites raised customer satisfaction, allowing the tailored experience they deserve with services so complex.
DIGITISE THE ENTIRE VALUE CHAIN
Ensure each facet of your business can provide the tailored experience customers anticipate by implementing insight-driven innovations on all sides of the supply chain.
SPECIFY SOLUTIONS FOR CUSTOMER SERVICE
Harness the power of analytics and data-driven insights to innovate products and services your clientele need as specific to them. Your competitive edge requires innovation directed to your customers.
REIMAGINE YOUR INNOVATION
Businesses operating in this industry ensure their branding conveys their innovative core, thus, to ensure your message gets across, upholding your innovation is central to engaging clientele.
ENGAGE THE ENTIRE SUPPLY CHAIN
The customer is always right - and your entire supply chain needs to bear this in mind. By implementing data-driven insights across the entire workforce, a new level of accuracy in innovation and customer engagement can be instilled.
CONNECT YOUR PRODUCTS
What your customer wants comes first. And your customers want integrated platforms which centralise their digital needs and tech overhauls; connect with your customers via connected products.
RE-MODEL YOUR EFFICIENCY
Fundamental to implementing the digitalisation of the supply chain, rethinking the business model ensures efficiency can be reviewed and necessary corners can be cut.
STREAMLINE THE SUPPLY CHAIN
By promoting collaboration across the workforce via innovatory technology, communication barriers can be dissolved and that must-have innovation can finally be put into practice.
CREATE A CULTURE OF INNOVATION
Speaking of innovation: by implementing forward-thinking practices in all corners of your business, a culture based on teamwork can be reinvigorated, promoting collaboration and in turn more innovation.
+ What is the high tech sector?
It is comprised of businesses that focus their attention on technological innovation. The businesses that make up the sector centre around STEM (science, technology, engineering and mathematics).
+ Is the high tech sector growing?
Edge and cloud computing is set to accelerate the growth of this sector as the Covid-19 pandemic forces businesses to turn to technology to stay afloat. The investment in technology and rise of dependency on it - especially for online streaming and video calls - has further assisted with its spike in growth.
+ What is the future of the high tech industry?
The innovation secured by the high tech sector is the future of all the industries currently operating - but for this sector in particular, moving to an as-a-service business model that is centred on the user is vital to producing high-quality products and services.
+ What are the trends for the high tech sector?
At the forefront of this sector include edge computing and cloud computing, as well as AI and data analytics to capture the customer’s exact needs and wants. Another trend that could be harnessed by firms operating in the industry is that of local data processing software which significantly reduces costs. Remote working has also hiked up demands on the sector as the office goes global.
+ How is technology changing the high tech sector?
The high tech sector created the digital revolution that is currently rippling through the industries across the globe. Technology in turn helps offshoot innovation, sparking more rapid changes to solutions and software not just for this sector but for the economy as a whole.
Taking things technological might be set to shake this forward-thinking industry to its core, but with Lolly Co at every step of the way, weighing up the changes need be as simple as totting up your new tech. In fact, with our tech-team assessing your business’ exact needs and walking you through each step, you don’t need a map, either! But, if you do fancy finding your way around tomorrow’s business digitalisation, you can start here.
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