The high tech industry continues to transform the business landscape and the ways that businesses can adapt their strategies leveraging the power of technology. From web 2.0 to cloud computing to tablets – the industry is rapidly and continuously evolving. Not only do all high-tech companies need to manage increased technology convergence and standardization, executives must address changing revenue models, increased customer power, and strong price competition.
Technology-driven industries such as the semiconductor industry, telecom, consumer electronics, original design manufacturers, and hardware and software providers need to adapt to fast-changing markets, rethink processes and capabilities, and leverage suppliers and partners to become more productive and competitive on a global basis. In most cases, they need to look beyond the four walls of their own companies for solutions.
To meet these challenges, these companies need to be smart, really smart. They need to understand their cost competitiveness across products, channels, and customer segments. They need to understand their competitive advantages up and down the value chain – so they can compete or partner as appropriate. They also need to innovate by allocating resources against a portfolio of initiatives and feeding them real-time as they prove their worth.
Peloton has the advanced capabilities to assist high tech companies to embrace analytics and performance management with the same enthusiasm that they embrace new 4G phones.