Tag: operational costs

In 2021, the global procurement as a service market was valued at approximately US$ 6.3 billion. Given that the market has a projected compound annual growth rate of 7% for the next 10 years, experts forecast that the market is likely to reach a valuation of US$13.3 billion by the end of 2032.

Sustainability will permeate everything we do, driving new value and growth along the way. But most South African companies have been slow to adopt sustainability. So how can companies extend the capabilities of key technologies to enable sustainable practices?

In the post-pandemic world, digital transformation is not just a competitive differentiator and more of a necessity. However, digital transformation is not just about implementing innovative tools and technology – the workforce itself needs to adapt to a new way of working.

IT teams and leaders could be squandering financial resources by failing to adjust entrenched attitudes. With cloud computing now firmly entrenched on the C-suite agenda as a way to cut costs, create new digital opportunities and drive operational efficiencies, many of Africa’s largest businesses are shifting to a fully cloud-based or hybrid cloud IT environment.

The events of 2020 have placed renewed importance on organisations’ ability to deal with widespread uncertainty, disruption and change. Modern organisations are faced with the daunting task of collecting, storing and analysing vast amounts of data and deriving insights from that data that inform decisions and lead to improved business outcomes.

Demonising oil and gas companies is not a constructive way forward on energy transition. Africa will push for 'the Right to Drill'. African nations must and will take advantage of their hydrocarbon resources for economic development. Environmental sustainability is a part of it, not an impediment.