Capgemini report says that organizations expect 28% of their revenues to come from Intelligent Products -; Services over the next 3 years

30 Sep 2022 , 04:06 PM

According to a report by Capgemini Research Institute, intelligent products and services are likely to make up for 28% of revenues of organizations over the next 2-3 years. Intelligent products and services are those that are interconnected. These include connected cars, smart health monitoring, remote smart home services etc.

The report finds that only 35% organizations currently offer intelligent products and services. 78% organizations that currently do not offer any intelligent product or service are in the strategy stage of making this transition.  The report says that 7 in 10 organizations that it surveyed found that if they do not invest in intelligent products and services, they risk losing their market share and competitive advantage in the foreseeable future. The report makes a strong case for companies to move to intelligent products and services.