Digital Marketing Statistics & Metrics

Top Benefits That Organizations Expect From Consortia, 2019

New Communication Tech | Global

A consortium is an association of two or more individuals, companies, organizations or governments or any combination of these entities with the objective of participating in a common activity or pooling their resources for achieving a common goal. While consortiums tend to share resources, they act independently when it comes to day-to-day operations. Every entity that is under the consortium, therefore, remains independent with regard to their normal business operations and has no say over another member’s operations that are not related to the consortium.
Governments and private enterprises often collaborate to formulate standards for manufacturing, food production, product compatibility, consumer safety, and more. In such collaborations, a government leverages its buying power as a consumer to create standards.

Take a look at the top expected benefits of consortia by organizations, 2019:

  • Cost savings is ranked as the top benefit by surveyed organizations of consortia with a rate of 57%.
  • Accelerating learning is ranked as the second top expected benefit of consortia by surveyed organizations with a rate of 55%.
  • Sharing risk comes next as a benefit expected by surveyed organizations from consortia with a rate of 47%.
  • Building a critical mass adoption also listed as an expected benefit by organizations from consortia with a rate of 45%.
  • Maintaining relevance/life span is also ranked as an expected benefit from consortia by surveyed organizations with a rate of 42%.
Benefits organizations expect from consortia 2019

A Figure Shows The Benefits That Organizations Expect From Consortia, 2019.

Deloitte

Deloitte is one of the "Big Four" accounting organizations and the largest professional services network in the world by revenue and number of professionals. It's a multinational professional services network. Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited (DTTL), its global network of member firms, and their related entities. DTTL also referred to as “Deloitte Global” and each of its member firms are legally separate and independent entities. Deloitte's firms around the world help clients become leaders wherever they choose to compete.
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