PwC's Centre of Excellence in Russia
Big spenders on IoT today include North American companies, including those in aerospace and defense, wholesale and distribution, and technology. In three years, they will be joined by companies in entertainment and media, information and communications, healthcare payers and providers, hospitality and leisure, and professional services.
Product, service, and business-model innovation and content as well as engagement platforms are the top IoT initiatives today. In three years, corporate focus will broaden to include digital culture development, customer experience, operations platforms, and back-office transformation.
Revenue growth, better customer experiences, and increased profits are the top short-term goals of survey respondents. Cost savings, product innovation, talent retention and recruitment, brand and reputation, disruption of their own or other industries, and competition with new industry entrants make the list in three years.
We believe that the Internet of Things is not just another technology, but a foundation for a new production system and philosophy that will guide companies from across various industries. As any other production system, the Internet of Things requires a massive overhaul of methodologies, internal business processes, and operational and managerial cultures. For this reason, from our perspective, the key objective of IoT adoption is to alter business models rather than simply to use new technologies and IT solutions. In the past two years, we have completed a series of projects for mobile operators and power companies both in Russia and abroad. We would be happy to provide additional information about our services and competencies, or to arrange a personal meeting where we could have a detailed discussion on the challenges that your company intends to tackle in the area of IoT and digitalisation.
Partner, Telecom, Utilities, Communication & Entertainment (TUCE) Leader, PwC Russia
Tel: +7 (495) 967 6499
Director, Consulting Services, PwC Russia
Tel: +7 (495) 223 5085
Director, Strategy & Operations, Power&Utilities sector, PwC Russia
Tel: +7 (495) 223 5044