Many companies recognize that social business offers new tools and rules for competing in the marketplace. But should social strategy be integrated into the overall corporate strategy? Or should it stand alone?
Few current economic trends bode well for consumer demand or economic growth at home or abroad, and CFOs' expectations bear this out. CFO optimism did not rebound after last quarter’s large drop, and year-over-year financial projections continued their declining (albeit positive) trend.
Available now. Deloitte’s annual Technology Trends report examines technology put to practical business use. This year’s theme, "Elevate IT for digital business," examines the broad impacts of five technology forces that have influenced our reports over the past several years - analytics, mobility, social, cloud and cyber security.
Our 2012 trends are grouped into two categories:
Disruptors are technologies that can create sustainable positive disruption in IT capabilities, business operations and sometimes even business models.
Enablers are technologies in which many CIOs have already invested time and effort, but which warrant another look this year because of new developments. Enablers may be more evolutionary than revolutionary, but the potential is there to elevate the business game with technology.
It’s an uncommon, and perhaps even unique, time to have so many emerging forces - all rapidly evolving, technology-centric and each already impacting business so strongly. Whether or not you have previously thought of your business as inherently digital, the convergence of these forces offers a new set of tools, opening the door to a new set of rules for operations, performance and competition. This is an opportunity for IT to truly help elevate business performance.
Each of these 2012 trends is relevant today. Each has significant momentum and potential to make an impact. Each warrants timely consideration. Forward-thinking organizations should consider developing an explicit strategy in each area - even if that strategy is to wait and see. But whatever you do, step up. Use the digital forces to your advantage. Don’t get caught unaware or unprepared.
Even outside the financial services industry - where risk committees will become more prevalent with the Dodd-Frank Wall Street Reform and Consumer Protection Act, as well as the Federal Reserve’s notice of proposed rulemaking (NPR) on enhanced prudential supervision - many large companies are starting to explore how a board risk committee might help them navigate the broadening array of risks in today’s uncertain economic and regulatory environment. Explore our latest resources to learn more.