New Report from Deltek Reveals What Professional Services Business Leaders Can Do to Prepare for Industry Change, Greater Competition and Emerging Technologies
Findings from “Insight to Action” report indicate that CEO’s and business leaders don’t feel prepared for regulatory risk and the risk of disruptive technology
Herndon, VA – May 15, 2018– Deltek, the leading global provider of software and solutions for project-based businesses, recently released the report Insight to Action – The future of the professional services industry. The report looks at the challenges the professional services industry faces and sets clear action points for firms that want to stay ahead of the curve.
The professional services industry has always been deeply rooted in ground-breaking expertise and innovation. But as Deltek’s research shows, many firms are having difficulty keeping pace with evolving operational models, client pressures and new technologies which are disrupting the industry.
Deltek carried out this research to gain a deeper understanding about the current and future state of the professional services industry as a whole, and the key opportunities and challenges that firms are facing. The results show that:
- 91% of CEOs don’t feel that their business is prepared for regulatory risk
- 54% of business leaders say that increasing profitability is a top priority moving forward
- 81% of business leaders feel unprepared for the risk of disruptive technology
In addition, the report identifies the key business and industry opportunities and threats from the survey data of 700 senior decision-makers including divisional heads to CEOs, CFOs and COOs, from more than a dozen countries around the world including the United States, United Kingdom, Australia, Germany and Sweden. These business leaders have worked for a variety of companies including boutique consultancies up to enterprises with revenues of over $1B.