How digital themes are transforming companies across industries1 min read . Updated: 03 Mar 2015, 01:06 AM IST
Social, mobility, analytics and cloud (Smac) and the Internet of Things is changing how companies do business
Digital, a moniker that covers social, mobility, analytics and cloud (Smac) technologies, is fundamentally changing how companies do business.
Digital has already disrupted established businesses in many industries. Yet the bigger tidal wave of digital change is still forming, with the convergence of Smac and the growing world of the Internet of Things (IoT).
Whether your company is among the early adopters disrupting the market or among those forced to follow is dictated by how you understand and respond to the opportunities and risks that digital presents. However, very few companies really get down to specifics. Even fewer discuss the impact of these technologies when used in a cohesive and complementary manner.
In a bid to address some of these existing gaps, consultancy firm EY partnered with Mint to cover four large sectors—automotive, consumer goods and retail, banking, financial services and insurance (BFSI) and government.
The report was released at the Enterprise Tech Summit, organized by Mint, which was recently held in New Delhi. The companies covered in the report have been selected from sectors based on their contribution to the economy as well as the relative impact of digital transformation on their businesses.