The technology sector, encompassing hardware, software, life sciences, computers, networking and investors that fuel them, profoundly influences our lives.
Though the sector has matured over the past 25 years, technology companies continue to wrestle with business-shaping challenges. Access to capital, faster time to market, and finding and keeping the right talent is more critical than ever. So is managing stakeholder and financial market expectations. And convergence, now a common theme running through all technology companies, brings new and fundamental challenges to industry players.
Technology insight into the current economic climate
Economic uncertainty is growing and the business sector is increasingly reluctant to spend on discretionary costs and is deferring capital expenditure. This is having a knock-on effect in the technology, information, communications and entertainment sectors, with revenue from the advertising sector predicted to fall.
Concurrently, there are a number of distressed businesses in this sector that need to be restructured or demerged. Media assets held in private equity portfolios are also under pressure to maintain revenue in the face of higher funding costs. These forces are prompting collaboration among industry players, with many former competitors now - or soon to be - collaborators.
We help technology clients solve business issues and develop long term strategic objectives. We work with your company to help you achieve success and fulfil the promise of great ideas. We deliver industry focused assurance, tax and advisory services with a global perspective, local implementation, in-depth experience, and a forward thinking approach.
As technology companies grow, the issues you face may change, but our ability to add value is something that you can rely upon.
How can staff be properly motivated?
How can technological change benefit the business?
How could regulatory change affect the business?
What collaboration and alliances should be considered to stimulate growth?
PwC understands the issues your business is facing and the questions you need to ask in the current business environment. Contact us today to find out how we can help your business prosper