TECH SUPPLIER Apr 2019 - Market Perspective - Doc # EMEA44548719
Xerox Leverages Innovation Accelerators to Drive Its Transformational Three-Year Strategic Plan
This IDC Perspective analyzes recent announcements regarding Xerox's three-year strategy, what it means for shareholders, how it intends to achieve this, and the development of new revenue streams with attention to print but less dependency on it.
"Xerox's recently announced three-year strategy is set to streamline the organization, resulting in leaner operational activities and a more attractive business entity. It plans to further develop is long-established print business and reduce reliance on print through the creation of new and adjacent businesses," said Jacqui Hendriks, research manager, for imaging, printing and document solutions research. "Key to this strategy is Xerox's ability to leverage its investment in innovation accelerators such as robotics, Internet of Things, and artificial intelligence. Its financial results over the next two to three years will be the clear indicator that its strategy has been successful, but it will be its revenue growth in adjacent and new services that will map determine Xerox's future."