Media & Telecom Execs Expect Transformational Change Over Next 3 Years

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KPMG, an audit, tax, and advisory firm, conducted their 2014 Media & Telecommunications Industry Outlook Survey, where they talked to 100 senior executives in the media and telecom industries. KPMG found that an increasing amount of companies are expecting change at a more rapid pace than they have ever seen before – more than 55 percent of executives polled say that their company will experience a transformational change to their core business in the next three years. “Historically, change has often had a negative connotation to established businesses,” said Paul Wissmann, national sector leader of KPMG’s Media & Telecommunications practice in the U.S. “However, in the current environment, transformation – driven by technology, innovation, consumer demand, etc. – is creating new opportunities for media and telecommunications companies to evolve their business models to become more competitive and agile.”

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