Digital technology drives nearly all aspects of business and our daily lives. Over the last 18 months we’ve also witnessed the important role technology plays in enabling businesses to adapt to rapidly changing market conditions, innovate and grow. However, as we see advancements like restaurants implementing QR codes for menus and payment, and hospitals offering more telehealth options, companies must also address the challenge of increasing infrastructure complexity. Moving forward, how organizations manage their IT infrastructure will be as important as the modern systems that power it. Businesses are increasingly taking an “everything-as-a-service” approach to IT. The benefits of an as-a-Service model are clear: increased IT team agility, simplified digital…
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China’s get-tough approach to big business will continue for years
Top leaders from the ruling Communist Party on Wednesday laid out a blueprint for how they plan to continue tightening the regulatory screws on companies over the next five years. The country’s latest five-year plan includes promises to strengthen rules that would clamp down on monopolistic behavior and regulate technological innovation. Authorities also called on “law enforcement” to take action in areas of “vital interests of people,” including financial services, education and tutoring. The policy map — jointly released by the Party’s central committee and the State Council — was vague on the specific actions that authorities want regulators to take. But it suggests Beijing’s unprecedented crackdown on private enterprise,…
