PwC Romania and D&B David and Baias have prepared a “Guide on the potential impact of COVID-19 on the business environment” where you can find information and recommendations regarding:
You may freely download the document here.
As the international response continues to develop, organisations are facing several potentially significant challenges to which they need to respond rapidly. PwC is working closely with organisations globally to help them in preparing and responding, sharing our experience having worked with companies, governments, regulators, NGOs and international organisations around the world to respond to some of the most high profile outbreaks (including Ebola, MERS, SARS and bird flu).
PwC global crisis centre is currently working with a range of organisations across industries. Key concerns that are emerging include:
You may hear the latest update on COVID-19, the impacts on organisations and how they have responded to the outbreak:
PwC experts will discuss the key issues we are all working through and the longer-term impacts of COVID-19 on business continuity.
Think that artificial intelligence (AI) is hard? Turns out, you’re right, and for many business leaders, 2020 is the year of the “reality check,” when they lay the groundwork for a realistic AI-powered future. PwC’s third annual AI Predictions report shows that only 4% of executives surveyed plan to deploy AI enterprise-wide in 2020. A year ago, nearly 20% hoped to do the same.
Presentation held at the EBC conference in Berlin. How we make the most relevant news and information available to our people when and where they need it considering the complex PwC environment: 223,000 people in 3 distinct lines of business from 743 offices based in 157 countries.
Enterprise Business Collaboration became a well-established international knowledge exchange platform bringing together stakeholders playing an active role in enterprise collaboration, knowledge management, digital workplace, and the entire internal IT architecture.
As one of the speakers, I focused my presentation on how we make, within PwC, the most relevant news and information available to our staff in EMEA when and where they need it. I may get back on this topic at a later time, in the meantime here is an interview for we.Connect – Global Leaders Forum:
Prior to the Enterprise Business Collaboration Forum in Berlin, the organisers asked for a short interview. The event was very well organised with topics varying from what IT systems different companies use to how content is created and made available. I will come back with a post on this topic.
In Tech breakthroughs megatrend: how to prepare for its impact, PwC has evaluated more than 150 technologies globally and developed a methodology for identifying those which are most pertinent to individual companies and whole industries. The result is a guide to the “Essential Eight” technologies that PwC believes will be the most influential on businesses worldwide in the very near future:
Visit http://www.pwc.com/techmegatrend to download the paper and read related content.
Preliminary note: there are many other shortfalls but, for the ones below, I would estimate that not even 0.1% of British voters have thought of:
Until now, UK was able to share data with systems in any of the other EU countries. Not any more! UK has two choices: 1) become a trusted entity (something like Switzerland); or 2) pass new privacy laws copy-pasted from the EU General Data Protection Regulation (GDPR). Worst case scenario, if none of the above is done, firms operating in the UK will need to move their data to EU data centers.
European banks probably celebrated the vote. It is most likely that the UK’s banks may lose access to the “passport” rule that allows financial firms regulated in one EU country to operate in every other EU country. EU businesses will most likely not be able to use British banks so European banks will be stepping in.
Firms like H&M, Ikea, or Zara will spend time and money on trade rules because firms moving goods between the UK and the EU may face customs tariffs and will bear the cost of international trading bureaucracy. Customer experience will suffer as this is one of the variables they will not have margins to invest and the cost of goods will go up. One may argue that this is a chance for UK to grow local business but I would say this is idealistic. The immigration policy will change and the work force will be more expensive and hard to find. For instance, CIOs will find it even more difficult to recruit already-scarce developers and engineers. Moreover, technology-based start-ups will be set up in other European capitals over London.
I wonder how they will react when they will pragmatically find these out…
Industrial leaders are digitising essential functions within their internal vertical operations processes, as well as with their horizontal partners along the value chain. In addition, they are enhancing their product portfolio with digital functionalities and introducing innovative, data-based services.
PwC has surveyed 2,000+ companies expecting to dramatically increase their overall level of digitisation. While just 33% rate their company as advanced today, that number jumps to over 70% looking ahead to 2020. While terms like the industrial internet or digital factory are also used to describe these changes, in this report PwC uses Industry 4.0 as a shorthand to describe a journey industrial companies are taking towards a complete value chain transformation.
Results show that Industry 4.0 digitises and integrates processes vertically across the entire organisation, from product development and purchasing, through manufacturing, logistics and service. All data about operations processes, process efficiency and quality management, as well as operations planning are available real-time, supported by augmented reality and optimised in an integrated network. Horizontal integration stretches beyond the internal operations from suppliers to customers and all key value chain partners. It includes technologies from track and trace devices to real-time integrated planning with execution.
Leading industrial companies also expand their offering by providing disruptive digital solutions such as complete, data-driven services and integrated platform solutions. Disruptive digital business models are often focused on generating additional digital revenues and optimising customer interaction and access. Digital products and services frequently look to serve customers with complete solutions in a distinct digital ecosystem.
PwC’s 2016 Global Industry 4.0 Survey of industrial companies is the biggest survey of its kind studying Industry 4.0 to date. With over 2,000 participants from companies in nine major industrial sectors and 26 countries, it goes to the heart of company thinking on the progress towards transforming into a digital enterprise.
It’s no secret that the global telecoms market is evolving with increasing speed, upending traditional models. Telecom service providers are currently experiencing slower revenue growth from traditional voice and data services. As they look to introduce new products and services, they are facing off with technology companies considered as innovation powerhouses. Can Telecom service providers keep up with the innovation and agility of the high-tech leaders to compete with them effectively?
The PwC Product Innovation & Development Study
In 2015, PwC conducted a refresh of this comprehensive product innovation & development study utilizing PwC’s core Service Innovation framework, spanning strategy through execution & enablement:
Key findings from this study include:
Check out the full PwC report for more details!
Business Management 