Ross Timms, Head of Strategy at Rufus Leonard, writes in Consultancy on how professional services firms can better approach the two main obstacles encountered in digital transformation, which he lists as definition and impact. Citing a study showing that 85% of enterprise decision-makers believe they have a two-year period in which to make significant inroads into digital transformation, he notes that there are “manifold opportunities to the professional services sector,” with $1.18trn predicted to be spent worldwide in this area in 2019. Noting increased servitisation and an increasingly on-demand workforce, he lists choosing the right transformation, changing how firms do business, changing markets and finding the single point of focus among the fundamental steps to successful transition.
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Providing insight into technology and innovation in the legal, accountancy property and consultancy sectors. Alternative Insights brings together news, commentary and thought leadership about digital transformation across the entire professional services industry. We collate industry stories on innovation, technology and transformation in the legal, accountancy, management and property consultancy sectors, giving you access to the latest thinking about tech and innovation in the professions.