In 2019, we worked with a customer who owns and operates a mine in Mozambique to help them identify their key business objectives and advise them on how to succeed on these. Throughout our discussions with them, we defined the below key objectives:
In today's competitive environment, being flexible is a fundamental part of any business strategy to survive. To be flexible, organisations must make the necessary changes needed to respond effectively to the changing market. One simple way organisations can increase their flexibility is by using the innovative technology solutions and services that are available.
Organisations generate millions of system logs every day from the likes of servers, firewalls and network devices. Their ability to process, analyse and react to this information affects how they will manage any security risks and incidents. To help process this data, many organisations implement a Security Incident and Event Management (SIEM) system or outsource to a Cyber Security Operations Centre (CSOC) for their monitoring, which provides a real-time analysis of security alerts.
Over the past few years there has been a major increase in organisations adopting digital tools. With serious cost and efficiency gains to be generated, the benefits of transitioning to digital ways of working are no great secret; and companies are now consistently seeking to streamline with varying degrees of success.
Digital Transformation (DX) is primarily a people thing, technology is second!
DX is not a one-off project, change needs to become a cultural norm. It's a commitment to embark on a DX journey, a bottomless fuel tank of continual change, the route unknown, but the destination is categorically value creation. You need to be restless, and adopt a constant dissatisfaction with the status quo. If DX was approached as a one-off project, I would be sceptical of the success of such a project!
Which Technologies? - Don't build your house on quicksand!
You must have the right Digital Transformation (DX) infrastructure in place before you start to play at the application layer.
The three pillars of DX:
Who is best placed to lead the Digital Transformation (DX) project? - One person cannot deliver the project... but one person can wreck it!
The project leader must be a well-respected individual within the organisation, and must have executive support from a board director, ideally a CFO, CIO, COO or CTO, although there are potential flaws with all:
The short answer is yes - thousands of businesses are grappling with DX, however most do not consider themselves to be completely 'transformed' yet. Many of the largest Pharma organisations have launched initiatives and created entire departments focused on innovation, and are well on their way to operating in the same way an organisation which has completed its DX journey so far, is.
In our offices, businesses, colleges and homes, barriers exist between people that hinder free and easy communication. Physics undergraduates rarely mix with the Philosophy students, our accounts teams tend not to lunch with our account managers, and I almost never speak to the lady who lives in the flat below mine. It's a natural result of living, working and studying in cities with millions of strangers.
For any future-facing organisation, the importance of ample learning and development (L&D) cannot be overstated. A few months ago, our L&D team entered the Princess Royal Training Awards (PRTAs) -- and we are delighted to announce that we were successful in the following entries:
When the Mayor of London recently quashed the building of The Tulip, it raised troubling questions for the future of architecture in the UK. The Tulip was set to be London's next iconic piece of architecture, joining a long, illustrious line of pivotal buildings that have lined London's horizon and kept the city at the leading edge of architecture since Sir Christopher Wrenn re-designed St Paul's Cathedral in 1710. But can the UK continue to host such iconic buildings in the shadow of the looming impacts of climate breakdown and biodiversity loss?
Would early favourites Silver Cloud (last year's champions) walk away with the trophy? How would the rivalry - now in its fourth year - between Sprout IT and Exponential-e's team play out? On the big day, Vonage, The Phone Co-Op, Sprout IT, Natilik, Silver Cloud, Net Premacy, and Blue Saffron all came together to 'channel' their inner Messi.
Natilik's No.10 Omar was the standout player on the day, scoring the most number of goals and coming inches away from hitting the bar in the Cross Bar Challenge. No mean feat from the halfway line into the wind! Silver Cloud came close to another place in the final, but their dreams were snatched away by Natilik.
Clearly enjoying the glorious sunshine, our Head of Channel Alp Kostem stepped up for the Cross Bar Challenge in his linen jacket and Ray-Bans, much to the amusement of the players. A valiant effort,but the general consensus was that he ought to stick to his day job. Once again, Exponential-e's own Eric Ascott took control of the microphone and nimbly guided everyone through the day with matchless witty banter. A weekend radio DJ gig should definitely be on his bucket-list.
In the end though, Vonage were crowned the winners, looking on course for a campaign to rival Liverpool's recent success. We look forward to seeing the team next year as they mount a defence of their title -- no doubt training's already well underway.
Each year we sponsor a different charity. This year, we chose Great Ormond Street Hospital (GOSH), a globally renowned centre of excellence in child healthcare founded in 1852. Working with the UCL Great Ormond Street Institute of Child Health, GOSH forms the UK's only academic Biomedical Research Centre specialising in paediatrics. A clear reminder of how precious life is, we're tremendously proud to have raised £7,500 to help the organisation with their mission to fund research into children's healthcare and to finding new and better ways to treat childhood illnesses.
As the game ended, the Crystal Palace Hospitality Team did not disappoint. Hot showers, cold beer, and solid meal were provided after the tournament. Our Managing Director Mukesh Bavisi wrapped up the day by handing out the well-deserved awards to the teams and, more importantly, the presentation of the cheque to Amy from the amazing GOSH. For die-hards, the evening rolled on atWesthow House pub in Crystal Palace, recounting tales of their sporting prowess and dreaming of playing in the Premiership next Season. No doubt there were some sore limbs and heads the morning after, but it was all worth it for such a successful day.
Thanks to everyone who helped make this happen and for their generous donations to such an important cause. The amazing life-changing operations and treatments GOSH carries out every single day to children is just outstanding. We are delighted to be able to contribute to this and help the many GOSH children patients and their families. Till next year!
Today we are delighted to announce that Exponential-e has been listed at 46 in The Sunday Times BDO Profit Track 100 - a rise of 43 places following our debut last year at 89. Our inclusion was driven largely by our work in Digital Transformation, offered through our industry-leading SD-DP, the benefits of which have been seen by a diverse range of customers. Another key factor behind our inclusion are the record-breaking numbers we've enjoyed for the financial year ending 31st January 2019. Currently, we are on track for £150m revenue, with no acquisitions or VC funding along our business journey.
The Sunday Times BDO Profit Track 100 league table ranks Britain's top 100 private companies according to which has seen the fastest-growing profits over the last three years. Compiled by Fast Track, it's published as a supplement in The Sunday Times every April, with a national awards event held in June. This prestigious league table is a clear indicator of businesses that have developed and refined their offerings to grow at an economy-leading rate.
There's no doubt that the past year has been the best yet for Exponential-e, with our industry-leading SD-DP solving Digital Transformation concerns all over the UK and beyond. The SD-DP integrates core and edge computing, bonded with SD-WAN and SD-Data Centre, to form an underlying advanced network that enables data to flow freely yet securely between multiple clouds, from wherever it's stored through to the end user.
For those using the SD-DP, further improvements come from the Cyber Security Operations Centre (CSOC), launched last year, which monitors for compliance to multiple standards. The most recent technological development for the SD-DP is our Cloud Management Platform (CMP), which enables customers to manage their data and costs of multiple cloud environments through a 'single-pane-of-glass' view.
But what makes this so important right now? To start with, countless organisations in a range of sectors are currently seeking access to more bandwidth-hungry services. Compounding this are a range of new technologies demanding ever-increasing computing power, such as virtual reality, augmented reality, and mixed reality (VR / AR / MR). The SD-DP offers customers fundamental access to real-time cloud performance and cost data, resulting in unprecedented levels of customer satisfaction - a pivotal driver of our place on The Sunday Times BDO Profit Track 100.
At Exponential-e, we always put the customer first, an ethos reflected partly in our real-time NPS score. As such, we've been excited to announce new partnerships over the past year with a wide variety of industry-leading customers, including Virgin Atlantic, The Ritz, Guinness World Records, WWF, and the British Medical Association. We also laid the connectivity foundations for major companies in the US to broadcast the royal wedding when all our competitors said it would be unfeasible.
To be counted amongst the top 100 companies across the UK paving the way in terms of profit growth is testament to the services we provide and how our company's culture consistently looks forward.Connectivity is crucial for companies nationwide; at Exponential-e, we take pride not only in our technology but also in our expert consultancy. We strive to be visionary, constantly evolving and innovating in order to deliver the very best experience to our customers; we're therefore very much looking forward to celebrating our success in achieving these aims with The Sunday Times in June.
I spoke to a globally recognised thought leader on the role of technology and innovation in the Construction industry. Aarni Heiskanen shares his thoughts and vision with me, which are no doubt helping to shape the construction landscape today and more importantly, the future.