Understanding and leveraging cloud services will soon become vital. Companies must integrate cloud services into their portfolios – either through organic or inorganic growth.
Efficient data collection, data monitoring, and data analytics is becoming indispensable. Market participants that offer products with highly precise data analytics capabilities will hold a competitive advantage.
By adopting customer-centric business models like XaaS, market participants will be able to improve the overall customer experience and also keep pace with the fast-growing technology trends.