Just like every other business function, service lifecycle management (SLM) is undergoing rapid changes that necessitate an agile and proactive response from organizations. Get a head start with Blumberg Advisory Group’s latest insights on the next stage of SLM.
Businesses whose significant part of operations involves delivering service understand the role service lifecycle management, or SLM, plays in optimizing operations, ensuring customer satisfaction, and reducing costs. To maintain competitiveness and continuity, it is imperative for these organizations to be aware of the current state of SLM and where it is headed, as the field is forecast to undergo a rapid transformation on account of a number of factors.
Blumberg Advisory Group knows that resistance to these transformative forces is futile, and this is why it organized a roundtable discussion with key executives from major players like IBM, Nokia, CNH, Volta Charging, Supermicro, Veolia, and Flock Safety to identify the key factors that will catalyze the evolution of SLM and the steps businesses need to take to keep pace with these changes.
These insights and more can be accessed through “Redefining Service Excellence”, a white paper published by Blumberg Advisory Group and available at https://www.blumbergadvisor.com/redefining-service-excellence
Blumberg Advisory Group regularly publishes in-depth whitepapers that cover advancements in the fields of field service and reverse logistics. Its primary thrust is making these areas a "strategic profit center" for businesses.
The white paper aims to help readers understand the ongoing transition of SLM from its service management roots towards a more holistic model that integrates customer experience, technological integration, and strategic planning. In line with this shift, several technological adoptions are expected to take place, such as the integration of AI into the SLM process.
The white paper is aimed at any organization looking to keep pace with the ongoing transformation happening in the SLM space, particularly those involved in IT, manufacturing, telecommunications, logistics and supply chain, aerospace and defense, and financial services.
Technology was identified as a primary factor, in particular, AI is expected to impact every aspect of SLM. According to the panel, AI technologies can revolutionize SLM processes by enabling predictive maintenance, automating routine tasks, and personalizing customer interactions.
Furthermore, Blumberg Advisory Group predicts that by 2027, AI will be a critical component in revolutionizing service efficiency by cutting resolution times by 50%.
Readers will also learn about one area of SLM where data-driven decision-making will be imperative: strategic alignment. During the discussions, the panel emphasized the importance of designing an SLM process that aligns business objectives with the needs of the customer. This balancing act is vital in creating a customer-centric SLM process that doesn’t sacrifice revenue and growth targets.
According to the white paper, businesses looking to evolve their SLM processes should expect obstacles in the form of resistance, resource constraints, and organizational silos. Because of these challenges, change management was described as "critical" in ensuring the successful implementation of new technologies and processes.
As the SLM space is in a state of flux, the panel advises businesses to cultivate a "culture of continuous innovation" to stay agile and adapting to emerging technologies and evolving customer preferences.
"Future-proofing our SLM systems means staying ahead of technological advancements and maintaining a flexible, scalable approach," Michael Blumberg, Blumberg Advisory Group CEO and president, said, adding that this approach is now vital to compete globally.
Those looking for deeper discussions on any of the above points can download the full text of “Redefining Service Excellence” at no cost by logging on to https://www.blumbergadvisor.com/redefining-service-excellence
