Some companies in the technology, media and telecommunications sector are doing it differently — and seeing results. A new study from Parthenon-EY shows that, when it comes to best practices in capital budgeting, top performers from the technology, media and telecommunications segments (TMT) might be onto something. That is, these leaders share a handful of … More Can the capital allocation process be a competitive advantage?
The paradigm shift to digital is well underway The global telecoms industry landscape is changing faster than ever. Erosion of legacy revenue streams driven by over-the-top (OTT) competitors continues, forcing operators to consider new ways of remaining relevant to consumer and enterprise customers. While many have embarked on journeys to become digital service providers, the … More Digital transformation for 2020 and beyond: A global telecommunications study
Read the full press release on EY’s Global Newsroom. Global mergers and acquisitions (M&A) activity continues to gain strength following heightened dealmaking in the first quarter of 2017, according to the EY 16th Global Capital Confidence Barometer (CCB). Ongoing geopolitical uncertainty has not dented deal appetite among executives. Based on a survey of more than … More Economic confidence and growth imperative overshadow geopolitical concerns and spur further M&A
The European Court of Justice (ECJ) has weighed-in on a long debated area of data protection law by ruling that the definition of personal data extends to dynamic IP addresses. In a ruling dated 19 October 2016 (ref.: C582/14), the ECJ found that dynamic IP addresses constitute personal data whenever the website host that processed … More EU: Court of Justice rules on dynamic IP addresses
EY has announced the launch of EY Ops Chain, a set of applications and services aimed at helping organizations commercialize the use of blockchain technology across the enterprise. EY Ops Chain combines blockchain-based services developed jointly by EY and industry collaborators, combining EY’s full range of consulting, tax and audit expertise to drive enhanced business … More EY infuses blockchain into enterprises and across industries with launch of EY Ops Chain
First published on betterworkingworld.ey.com Blockchain is more than just a data security protocol — it could transform the way industries and individuals do business Blockchain and the proliferation of the Internet of Things (IoT) presents an important opportunity to revolutionize supply chains, payments and revenue streams. But there are several unknowns and a number of … More With blockchain, what comes first, opportunity or threat?
The global technology sector experienced unprecedented divestment activity in 2016, according to the technology findings from the EY Global Corporate Divestment Study. The volume of global technology divestments valued at more than US$100m grew 37% from 2015 to 2016. Mega-divestments, valued at more than US$1b, rose by 300% last year to 28, up from just … More Global technology divestments grew 37% in the last year, driven by digital transformation
Second-order effects of the core disruptive digital technologies — mobile, social, cloud and big data analytics — helped 4Q16 drive full-year 2016 to a second consecutive all-time high for annual tech M&A aggregate value — despite a 15% drop in M&A value for all industries over the same period. While some signs point to moderating … More Technology M&A – 4Q16 / year in review: Digital disruption propels industry shifts & record annual value
Excerpt from EY report, Data ethics: digital dilemmas for the 21st century board. Just over 10 years since the phrase ‘data is the new oil’ (Clive Humby, 2006) was coined, the oil rush is gaining momentum. Companies are competing to create new markets and business models enabled by this rise in data, and unearth fresh … More Just because the law allows you to use data in a particular way, should you?
An overwhelming majority (89%) of power and utility executives say their cybersecurity function does not fully meet their organization’s needs, according to the EY Global Information Security Survey 2016-17. That number continues to rise compared with last year (86% in 2015) as companies struggle to manage increased risk from growth in digital and connected devices. … More Survey shows utilities’ cybersecurity not keeping up with technology