“According to Darwin’s Origin of Species, it is not the most intellectual of the species that survives; it is not the strongest that survives; but the species that survives is the one that is able best to adapt and adjust to the changing environment in which it finds itself.” Leon C. Megginson
This quote can be perfectly transferred to today’s business world which is challenged with digital transformation which reshapes every aspect of a business.
Looking at the High Tech industry which enables the digital transformation. This provides on the one hand side the possibility for High Tech companies to be a disruptor of all industries. On the other side High Tech companies need to redefine their core competencies and need to rebuilt their business strategies around them.
When we speak with our customers, we see 4 strategic priorities that they put their focus on to adopt to the changing business environment:
- Subscribing to Outcomes
- Realizing a Digital Supply Chain
- Providing Digital Smart Products
- Achieving Customer Intimacy
Take a look at this S/4HANA High Tech Poster, that shows how companies can benefit from SAP S/4HANA to achieve these strategic priorities. The Poster gives insights on key capabilities per Line-of-Business required, as well as key value drivers and metrics.
If you are interested to read more about how SAPs sees the Digital Transformation in High Tech, take a look at the new Digital Whitepaper “High Tech Pioneers the Digital Economy”.
Where are you on your path to address the opportunities and challenges of digital transformation? Which key priorities and differentiating capabilities this you came across?
Share your insights with our SAP High Tech Community.