Digital transformation continues to pick up pace across the financial sector. However, in spite of the potential benefits on offer, many insurance firms continue to lag behind their peers in terms of their overall digital maturity.
The digital landscape is evolving at a rate that's never been seen before and is set to continue accelerating in the years ahead. In such a fast-paced environment, the ability to work flexibly, responding to unexpected challenges and optimising the time-to-market for new innovations, is critically important for all organisations - whether they're ambitious start-ups or established global leaders. While IT infrastructure must certainly support this - hence the widespread phasing out of legacy infrastructure in favour of increasingly sophisticated Cloud transformation strategies - any new technology will be of limited effectiveness if processes and methodologies do not evolve in parallel.
In July of 2019, Exponential-e hosted a roundtable at The Ritz London, bringing together 18 top UK architects to discuss topical issues across the sector and sharing views on the matters at hand. One of the topics raised was the newly launched Architects Declare manifesto and its 11-point plan for tackling climate change and biodiversity loss. From 16 founding signatories, word spread like wildfie and within weeks, hundreds of practices - large and small - signed up, signalling that our architects were ready commit to operating in a greener, more sustainable manner.
The way the hospitality & leisure industry interacts with guests is constantly evolving, with cutting-edge technology offering new channels for everything from making bookings, to checking in, ordering additional services and entertainment, and billing.
This type of multi-channel service delivery must be underpinned by a secure, scalable and cost-effective IT infrastructure, which will allow hospitality & leisure organisations to pivot in response to an ever-evolving landscape, optimising application performance, protecting guests' sensitive data, and taking advantage of new channels for marketing and gathering feedback - all while retaining the all-important human touch.
Putting all this into practice requires a successful digital transformation process and the ongoing support of a trusted IT partner – a role Exponential-e is perfectly placed to fulfil.
These case studies offer real-world examples of how Exponential-e has helped organisations across the UK's hospitality & leisure sector affect their own digital transformations, ensuring they can continue to offer their guests incredible experiences, every time.
In part one of this two part blog series, we looked at why "bricks-and-mortar" retailers are embracing Digital Transformation in order to compete with the new breed of online retail giants.
In part two, we look at the specific challenges Digital Transformation is throwing up for the high street, and how these challenges can be addressed.
Today we are delighted to announce that Exponential-e has been listed at 46 in The Sunday Times BDO Profit Track 100 - a rise of 43 places following our debut last year at 89. Our inclusion was driven largely by our work in Digital Transformation, offered through our industry-leading SD-DP, the benefits of which have been seen by a diverse range of customers. Another key factor behind our inclusion are the record-breaking numbers we've enjoyed for the financial year ending 31st January 2019. Currently, we are on track for £150m revenue, with no acquisitions or VC funding along our business journey.
The Sunday Times BDO Profit Track 100 league table ranks Britain's top 100 private companies according to which has seen the fastest-growing profits over the last three years. Compiled by Fast Track, it's published as a supplement in The Sunday Times every April, with a national awards event held in June. This prestigious league table is a clear indicator of businesses that have developed and refined their offerings to grow at an economy-leading rate.
There's no doubt that the past year has been the best yet for Exponential-e, with our industry-leading SD-DP solving Digital Transformation concerns all over the UK and beyond. The SD-DP integrates core and edge computing, bonded with SD-WAN and SD-Data Centre, to form an underlying advanced network that enables data to flow freely yet securely between multiple clouds, from wherever it's stored through to the end user.
For those using the SD-DP, further improvements come from the Cyber Security Operations Centre (CSOC), launched last year, which monitors for compliance to multiple standards. The most recent technological development for the SD-DP is our Cloud Management Platform (CMP), which enables customers to manage their data and costs of multiple cloud environments through a 'single-pane-of-glass' view.
But what makes this so important right now? To start with, countless organisations in a range of sectors are currently seeking access to more bandwidth-hungry services. Compounding this are a range of new technologies demanding ever-increasing computing power, such as virtual reality, augmented reality, and mixed reality (VR / AR / MR). The SD-DP offers customers fundamental access to real-time cloud performance and cost data, resulting in unprecedented levels of customer satisfaction - a pivotal driver of our place on The Sunday Times BDO Profit Track 100.
At Exponential-e, we always put the customer first, an ethos reflected partly in our real-time NPS score. As such, we've been excited to announce new partnerships over the past year with a wide variety of industry-leading customers, including Virgin Atlantic, The Ritz, Guinness World Records, WWF, and the British Medical Association. We also laid the connectivity foundations for major companies in the US to broadcast the royal wedding when all our competitors said it would be unfeasible.
To be counted amongst the top 100 companies across the UK paving the way in terms of profit growth is testament to the services we provide and how our company's culture consistently looks forward.Connectivity is crucial for companies nationwide; at Exponential-e, we take pride not only in our technology but also in our expert consultancy. We strive to be visionary, constantly evolving and innovating in order to deliver the very best experience to our customers; we're therefore very much looking forward to celebrating our success in achieving these aims with The Sunday Times in June.
Attending the British Legal Technology Forum (BLTF) in London last week highlighted the increasing importance and emphasis on Digital Transformation (DX) within the Legal sector.
As the Financial Services (FS) industry continues to adopt and leverage digital technologies to innovate and deliver customer-centric outcomes, there is also a major focus on inward change, on improving employee experience through streamlining, simplifying and consolidating platforms, infrastructure and processes. Of course, Digital Transformation comes with an abundance of risks. Some of these are already widely recognised and covered by the mainstream media, some are newly emerging, and others are as yet unknown.
