Caution over e-business investment

Caution over e-business investment

Cautious business leaders smarting from the cost of investing in unproven technology are adopting a wait and see attitude towards e-business investment, a report on hi-tech trends has revealed.

Pragmatism is holding back senior managers with highly developed PC web-based systems from jumping to adopt alternative technologies, according to a PricewaterhouseCoopers report from its Silicon Valley technology centre.

Rolf Sackman, PwC systems integration leader for Europe, the Middle East and Africa, said: ‘Today e-business is synonymous with business.’

Heavy investment over recent years in PC web-based technology had forced business to exercise an element of caution, he said.

‘Understandably the majority of organisation are now waiting to see what forms of e-business investment will be most effective in the next few years,’ he added.

Sackman urged financial directors and top executives to exercise open-mindedness over rapidly emerging technologies.

‘Senior management could do worse than to remain flexible on content delivery to meet any new channel that is next adopted.’

The report – Technology Forecast: 2000 – argues that this year IT has become an integral part of the business environment.

‘Our clients are finding that IT is no longer a set of back-office support systems but a vital part of their ability to deliver goods and services’, the report claims. ‘For an increasing number of companies, both an important competitive advantage and integral component of the products they are offering.’

Europe is well-ahead in global technological advances, argues Sackman, particularly next-generation mobile phones due to the acceptance of GSM standards.

Share

Subscribe to get your daily business insights

Resources & Whitepapers

Why Professional Services Firms Should Ditch Folders and Embrace Metadata
Professional Services

Why Professional Services Firms Should Ditch Folders and Embrace Metadata

3y

Why Professional Services Firms Should Ditch Folde...

In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...

View resource
2 Vital keys to Remaining Competitive for Professional Services Firms

2 Vital keys to Remaining Competitive for Professional Services Firms

3y

2 Vital keys to Remaining Competitive for Professi...

In recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...

View resource
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
Digital Links: A guide to MTD in 2021
Making Tax Digital

Digital Links: A guide to MTD in 2021

3y

Digital Links: A guide to MTD in 2021

The first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...

View resource