How TMT companies are preparing for reinvention

7 minute read 11 Dec. 2020
By Greg Cudahy

EY Global Technology, Media & Entertainment and Telecommunications (TMT) Sector Leader

Years of experience in global operations transformation, price and revenue optimization, sourcing, integrated planning, supply chain synchronization and collaborative applications.

7 minute read 11 Dec. 2020
Related topics TMT

TMT sectors need to adapt for the next wave of change in a world where products and markets may not yet exist.

Future success during this relentless global pace of change makes business for technology, media and entertainment, and telecommunications (TMT) companies more unpredictable than ever. Digital technologies, regulatory uncertainty, market and trade volatility, climate events – all are part of this mix, and all add to the inherent instability of virtually every business environment. 

Usually disruptors of other industries, TMT companies are increasingly subject to disruption themselves. For major TMT players, the challenge is to capitalize on these disruptive technologies for their own businesses, not just their customers. 

NextWave TMT companies will be successful not because they are better at predicting the next blockbuster, product, service or market but because they are world class at orchestrating wide-ranging ecosystems of partners and customers. Successful TMT companies must transform themselves into the adaptive digital enterprises of tomorrow, in today’s unpredictable landscape.

The pace of market change is exponentially accelerating. In a business landscape that is more dynamic than ever, TMT companies preparing for tomorrow are asking themselves today what their adaptive digital enterprise should look like.

Summary

It’s time for TMT companies to reimagine their business and take decisive steps to open new avenues of growth and embrace more sustainable ways of operating. That’s the way to power the next growth wave. And the time to start? Today.

About this article

By Greg Cudahy

EY Global Technology, Media & Entertainment and Telecommunications (TMT) Sector Leader

Years of experience in global operations transformation, price and revenue optimization, sourcing, integrated planning, supply chain synchronization and collaborative applications.

Related topics TMT