The study examined the drivers for disruption across all industries and how modern businesses respond. Among respondents, 81 percent of US cloud-based software users told Frost & Sullivan that the cloud has provided them with a competitive advantage over their rivals—particularly with regard to entering new markets—and has helped them react more quickly and effectively to change.
Survey respondents identified four significant disruptive drivers impacting their businesses and motivating them to transform.
The four drivers are:
•New disruptive competitors
•Digitalization
•New business models
•Productization/Servitization
Frost & Sullivan research shows that cloud computing is both a contributor to industry transformation, as well as a necessary response for organizations to survive.
According to the research, greater adaptability to industry change is now a main driver of cloud adoption in the US.
•62 percent of those surveyed in the US describe cloud computing as representing an opportunity for their business.
•51 percent of US respondents said they are leveraging the cloud to access elements of their business management software, with customer relationship management (CRM) and e-commerce being the cloud-based business applications they most commonly use.
To read more of the Frost & Sullivan research study, and learn more about the benefits of cloud computing in the manufacturing and distribution sectors, visit the NetSuite NewsRoom.
The Brown Smith Wallace 2014-15 Distribution and Manufacturing Software Guides are currently available for download. Please contact snelson@bswllc.com for more information about these latest editions.
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