Various industries and geographic regions have experienced an economic downturn due to the pandemic, macroeconomic conditions, and global disruptions. This circumstance has prompted organizations to prioritize cost optimization to maintain business continuity, rather than actively pursuing potential opportunities for future growth. However, organizations are shifting their focus and embracing digitalization not only to digitize their operations and offerings, but also to establish a digital DNA for business resilience during the downturn. Additionally, numerous organizations face an important choice between supporting change initiatives that may have a lasting impact on their companies, and running initiatives that may only have short-term gains.

In this report, we examine how organizations can navigate the ongoing economic downturn by leveraging relevant technologies to drive next-generation innovation, particularly through digital transformation. The report also cites several successful innovative investments made by organizations during the previous economic crisis and presents a framework for effective innovative investments to gain a competitive edge in the market.

Scope

All industries and geographies

Contents

This report, we examines:

• The impact of global economic downturn on organizations, as indicated by macroeconomic indicators
• An overview of how next-generation technologies can be employed to unlock innovative use cases
• Innovation approaches and their implications for organizations and providers

Membership(s)

Digital Services

Sourcing and Vendor Management