Ongoing "digital disruption" has rendered it inevitable for media and entertainment companies to transform their business to adapt to new technologies and ever-changing environments. Growing adoption of broadband and mobile devices has changed the way content is consumed today, allowing high-technology companies such as Apple, Google and Amazon to arise as serious competition to incumbent media organizations with their new distribution channels and business models. While social media CRM and big data provide more information than ever before about consumer behavior, regulatory and policy issues, rising piracy concerns have left companies to their own devices in dealing with misappropriation of their intellectual property.
The need for transformation may differ from one organization to another, but most incumbent businesses need one sooner rather than later. The maturity or decline of core revenue channels or models, often with no help from disparate and aging IT systems or inflexible and fragment technology encourages companies to invest in a transformation effort.
A Transformation Roadmap for Media and Entertainment Revitalization
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