In the past two days I’ve heard two different things that have got me thinking about interesting dots to connect.
Yesterday, I listened in on a presentation about innovation delivered by a Chief Technology Officer with HP’s Imaging and Printing Group. He showed how over history the biggest innovations have occurred during recessions. He shared a statistic that on average 40% of the top 100 companies in an industry are different following a recession than going into one. It makes sense – it’s easy to be complacent in good times. Tough times force new thinking and new solutions for new problems -- which of course drives innovation.
Today I read an article In terms of revenue, Europe set to become world’s largest managed print services region by MPS Insights. The article cites a market forecast by Photizo Group which projects that by 2014 the European Managed Print Services market will surpass North America.
“The MPS market is rapidly building momentum in Europe and this has been fuelled by small and medium business adoption,” Ed Crowley, CEO of Photizo Group said. “Unlike large enterprises, small and medium business will turn to the channel for these services. A shift in consumer demand has made it essential for the channel to reinvent their business model from a hardware-focus to a service-focus.”
MPS has historically helped enterprise-size organization save costs, time and the environment. We’re seeing small and medium sized businesses now leveraging that best-practice into their businesses as well and that trend is helping to fuel the overall industry growth. As stated in the MPS Insights article reference above: On average an end-user organization will cut costs by 30 percent after they first implement an MPS program and reduce hardcopy fleet carbon emissions by 60%. For those companies with the strategic vision and foresight to think beyond the short- to medium-term benefits, it can also pave the way for real business change at a grassroots level.
So – back to those dots I was trying to connect at the beginning of this article. Given that the economic climate is even more recessed in Europe than we’re facing currently in America, it makes me wonder if that’s the driving factor in the accelerated adoption they are seeing of managed print services. Is it ultimately the immediate necessity to reduce expenses that is driving the trend? What do you think?
Regardless, MPS looks to be a rapidly growing solution worldwide, to help organizations improve their productivity while reducing costs. There are many lessons to be learned from the best practices of industry leaders such as Merck, General Mills, 3M, and Disney who have all reaped substantial savings by evolving their imaging and printing environments into a Managed Print Services model. Check out their stories and consider what MPS could do for your organization!