One of three reports launched at the Future of Consultancy launch event in London today, the report delves into different potential values based business models for the industry and is the result of around 18 months of engagement by ACE.
Digital transformation is creating opportunities for engineering and consultancy businesses to provide greater support to clients through the whole lifecycle of assets and networks, closing the gaps between policy, delivery and operation. Technology is making it easier for consultancies to develop long term commercial relationships based on a deep understanding of what is of value to their clients and how their businesses operate.
It is this combination of financial reward for added value and greater repeat business that will underpin a sector that needs to be profitable to ensure it can make the required investments in innovation and skills.
The report explores the potential for different business models in our sector reflecting various combinations of environmental, social and economic values.