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More firms riding on digital wave

More firms riding on digital wave 2

A digital service provider has observed a growing number of companies devoting their resources to technological investments in a bid to capitalize on the wave of digitalization. Philip Hazen, senior managing director for intelligent platform services at Accenture, cited those firms belonging to the Fortune 500, saying they have come to the realization that the disruption caused by the digital shift affects everyone across industries. He added that this includes insurance, capital markets, and even the utilities sector. The focus for many companies now, according to Hazen, is how they can better leverage technology in their businesses. That involves the challenge of defending themselves against competition and delivering more value. He said there are some emerging markets that take advantage of technology much more aggressively that those in other parts of the globe.

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