Good Stuff Happens in 1:1 Meetings: Why you need them and how to do them well
Ebrahim laher -IT consulting businesses have to change their models
1. Ebrahim Laher - IT Consulting Businesses
have to Change Their Models:-
The age of digitalization has brought about broad and many changes
across all industries and societies as a whole. Quite interestingly, one of
the industries that have been at the forefrontof the digital age is one that
still has not fully grasped the extent and implications of the Digital
Age.EbrahimLaher is a well known IT consultant, strategic advisor, and
digital entrepreneur with years of expertise at EOH as CEO.
According to EbrahimLaher, Business Consulting or IT consulting has
now for many years played the role of trusted advisor and architect to the
largest (and all others) corporations globally , helping them map out a
vision for growth and profitability. This has traditionally been achieved
through strategy formulation, business process design, and change
management and system implementations (to name some of the key
activities).
The global market for IT consulting is estimated at around $ 50 billion
annually. This is a significant proportion of the Economy and part of the
expenditure of corporations globally. Even more significantly , IT
consulting makes up about 20% of all consulting work.
Being well experienced in both IT consulting and Strategic
advisory ,Ebrahim Laher has formulated many strategies to strengthen
many businesseswith digital evolution in the making. EbrahimLaher talks
about the C-suite executives of ICT Consulting businesses in the Middle
East and Africa (where most of EbrahimLaher’s work is done).
Of note, he was surprised by how many of them still hold on to
the traditional models of consulting and revenue lines such as time and
material sales of consultants,overinflated system implementationprojects
and strategic consulting to Government and larger Private Corporations.
He has direct thoughts on the Cloud, the Digital Economy, Mobile
Computing, and most importantly digitally-empowered business people
and their customers. EbrahimLaher iterates that this traditional business
model employed by IT consulting businesses is just not sustainable into
the future.
In fact, the very existence of these businessesis inquestion.Unless there
is significant re-work of what the digital economy demands from IT
2. consulting firms. He is strongly believes that firms such
as Accenture have for many years beenreinventing what constitutes their
business and their lines of revenue. Some of these make no sense in the
traditional consulting fields.
However ,you take a closer look , and then you understand
the transformation that is taking place and also the extent of what needs
to be done.
EbrahimLaher’s advice on traditional models of business being followed
or used was to bring about a dramatic shift or change in the way we look
at it by incorporating and embedding the digital world within the existing
businesses and then to visualize and see the outcomes such asgain of
profits or revenue in leaps and bounds.
The smart ones are already deep on their journeys, and the rest of us
need to catch up soon, or run the risk of being left behind.
EbrahimLaher with rich expertise in IT consulting, regularly writes or pens
down on his thoughts on this topic.