target audience: TECH SUPPLIER Publication date: Jun 2024 - Document type: Market Presentation - Doc Document number: # US50930024
Bridging Strategy and Execution, 2024 — How Strategy and Consulting Practice Enhances Engineering Engagements
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Abstract
This IDC Market Presentation showcases insights on the technology buyer behavior while opting for product engineering, life-cycle management, and operational technology services and how strategy consulting and advisory practice harness abridging the gap between business needs and engineering solution (see Importance of Partnership Ecosystem for Engineering Service Providers, #US51625824, June 2024). This presentation features data points from IDC's 2023 Worldwide Services Path Survey.
"It is imperative for engineering service providers to focus on connecting the business goal with the engineering problem. Building a robust strategy and consulting practice enables engineering service providers not only to abridge the gap but also ensure a faster turnaround in closing engineering services deals, thus adding significant value to the engineering outcome," said Abhishek Mukherjee, research manager, Digital Engineering and Operational Technology Services at IDC.