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The forces transforming today’s professional services landscape – are familiar ones. We’re talking: digitization, the shift toward data-first business strategies, our collective post-COVID recovery, and so on. You know, those same disruptive forces redefining all sectors from manufacturing and retail to healthcare and tech. These disruptors may sound like old news, and in some ways,…
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6 Proven Growth Strategies for Professional Services Firms
On the surface, many of the best professional services growth strategies seem more protective than proactive. That assessment isn’t entirely off-base. Becoming adaptive, agile, and adept at infusing data into every process, phase, product, and touchpoint allows firms to brace for impact and emerge from the next round of disruptions, disasters, and black swan events…
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7 Critical Success Factors for Professional Services Firms
In today’s data-centric digital landscape, intelligence is central to any business strategy. But — it’s a matter of life and death for professional services firms where the “product” is a combination of insights and expertise. Professional services firms have always known this, given that profits depend on their ability to provide specialized insights and solutions…
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A Guide to the Professional Services Industry
Introduction Forward-looking professional services firms are capitalizing on new opportunities to leverage technology to align around new needs and shift to outcome-based operating models, and deepen client connections. They understand that responding to new challenges isn’t really about data or algorithms, it’s about maximizing the resources they have to provide more value to the people…
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Accelerate Your Professional Services Business with Microsoft Power Platform
Cloud-based ERPs like Dynamics 365 serve as the digital foundation for any modern business. Capture, organize, and unify all of your firm’s data in a single location — providing full visibility into core operations and accessible insights to all users. These benefits, while essential, are a far cry from anything considered “transformative.” See, any competitor…
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Top Security Challenges for Professional Services Companies
Professional services firms are vulnerable targets for cyber criminals for a few key reasons. For starters, this is an industry that deals in valuable information. Knowledge workers typically rely on some combination of client data, original research, and proprietary IP to deliver insights and solutions that drive specific outcomes. In other words, firms are sitting…
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Future of the Professional Services Industry
The professional services industry will embrace digital-first revenue models and business practices. AI and automation will take on a greater role. Data continues its reign as “king.” Remote work is here to stay. We’re watching these predictions take shape in real-time. At the same time, the future of the professional services industry has never been…
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Microsoft Solutions for the Professional Services Industry
Professional services firms face increasing pressure to deliver more innovation ASAP and adapt to the accelerating pace of change. You know, the usual challenges that define this complex digital era. A key part of tackling these challenges and building the flexible, resilient firm of the future is embracing a composable architecture. According to Gartner, composability…
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The Importance of AI, BI, and Analytics for Professional Services Firms
According to Deloitte, professional services firms need to embrace AI, business intelligence (BI), and big data analytics because they have no other option. In other words, opting out is a death sentence. While just about every industry is in that same boat, BI and advanced, cloud-based analytics have become central to the professional services business…
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