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Trends Transforming The Management Consulting In 2021
The effects of the Covid-19 crisis will influence management consulting trends in 2021. The global management consulting business is predicted to have a 14 percent decline in 2020 as a result of the impending global economic crisis, while the U.S management consulting enterprise is expected to narrow by 15%. It will influence the industry in 2021, with virtualization, valuation performance, and digital disruption being just a few examples of trends that are likely to accelerate significantly. The following is a view of the trends and dynamics that will affect the management consulting sector in 2021.
Read More >Top 5 digital transformation trends of 2021
Low-code, MLOps, data streaming, and multi-cloud management will boost business agility and accelerate organizations' digital transformation journeys in 2021. As weather a fatal pandemic, the year 2020 will be remembered when businesses responded to new threats, switched to new business models, and accelerated their digital transformation initiatives.
Going digital was no longer a corporate luxury in the COVID-19 period of 2020, but a matter of existence. Remote working, moving to collaboration workflows and realigning operations from supply chain management to customer experiences all required digital transformation.
CIOs and IT executives no longer need to persuade the business of the importance of technology in all parts of operations. The challenge in 2020 was how quickly IT could collaborate with business executives to offer cloud collaboration, workflow, and analytics capabilities.
This trend will continue through 2021, but with a twist: IT executives will change from a reactive to a proactive, strategic approach to digital transformation. IT executives will collaborate with their business counterparts to develop and enhance digital business models, promote a culture that values innovation, and leverage technology and data to gain a competitive advantage. Here are the five themes that will influence how CIOs and IT leaders develop goals, objectives, and digital transformation roadmaps that will help their organizations thrive.