Increasing Resilience, Profitability, and Sustainability in the Professional Services Industry - Futurum Tech Podcast The Intelligent Enterprise Industry Series

This episode of the Futurum Tech Podcast - Interview Series is the fifth installment of our Intelligent Enterprise Industry Series — done in partnership with SAP. Be sure to check out the other episodes to hear the insights from other industry execs. On this episode, I welcomed Craig Quantz and Stuart Harris, two executive advisors for the professional services industry at SAP to discuss how they are focusing on furthering their intelligent enterprise story.

 

The Interconnected Professional Services Firm

 

SAP recently partnered with Oxford Economics to conduct a research study to identify how an interconnected mindset impacts organizations including how COVID-19 has upended professional services firms and how organizations are finding ways to work at peak efficiencies in spite of the turmoil. The report includes findings from 3,000 senior executives, including 300 from the professional services sector.

 

My conversation with Craig and Stuart revolved around the following:

 

• How organizations are shifting to digital services and virtual firms as a result of the pandemic.
• The new strategies firms are pursuing including outcome based engagements, leveraging talent networks, knowledge as a service subscriptions and others.
• Which strategy has been the most successful thus far.
• An exploration into why the professional services industry is the least connected industry

 

 

Craig, Stuart and I explored some of the findings of the Oxford Economics report: The Interconnected Professional Services Firm, but we only scratched the surface. If you're interested in a comprehensive view of the subject download The Oxford Economics report on the Interconnected professional services sector here.

 

Disclaimer: This show is for information and entertainment purposes only. While we will discuss publicly traded companies on this show, the contents of this show should not be taken as investment advice.