| | JULY 20186CIOReviewA fundamental makeover from focusing only on the cost-pet-page of a business's printing to bringing in business transformation initiatives and deliver increased value is underway in the MPS industry. Businesses are bound to continue to turn to MPS contracts as they look for means to reduce the total expenses they spend on document production.Today's MPS suppliers are more interested in the details of a business; the focus is toward data security, mobility, and digital integration, and no longer just printing. With the cloud, the ability to access documents and data remotely alongside benefits like flexibility, cost-effectiveness, and fast accessibility are helping several industries like healthcare, education, IT and telecommunication, manufacturing, and media and entertainment. Although the increase in the utilization of digital paperwork is affecting the growth of the market adversely, key players like Xerox Corporation, HPE IT Services, Ricoh, Lexmark International, Inc., and Canon, Inc. among others are making continuous efforts to bring in innovation to the industry to keep it advancing. MPS ensures that every process has to adhere to specific security protocols and secures the sensitive data through authorized accessibility and data encryption. This aspect is a key driver for the industry's growth considering the rising cybercrime threats. Functions like precise monitoring of print resources in the MPS landscape is sure to be uplifted with technologies like predictive analytics. The need to invest in machine learning capabilities to protect print devices has risen, as connected printers off late are becoming vulnerable to cyberattacks. Alongside these technologies, advancements in voice recognition will begin to play an important role in the industry, with leaders like Sharp that recently announced the integration of their Multi-Function Printers (MFP) with Amazon's Alexa for Business, which acts as virtual assistants connecting Amazon Echo devices to the enterprise. Several providers have stepped up to provide the cost savings required from an ideal MPS--with the emphasis here being modernization and continuous improvement--but a very small part of the community is communicating the true business value of MPS. We have recognized such value-adding MPS providers that can bring to an organization more than just an innovative platform or an efficient solution.Let us know your thoughts.Jeevan George Managing Editoreditor@cioreview.comEditorialTime for A Mature MPS StrategyCopyright © 2018 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.CIOReviewJULY - 23 - 2018Editorial StaffSalesKenneth ThomasJustin S GonsalvesSam Wilson Kavyashree MRLester D'SouzaSarah FernandezBrian Thomasbrian@cioreview.comT: 510.556.2280Managing EditorJeevan GeorgeMPS SPECIAL*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffVisualizersVishal IssacAsher BlakeContact Us:Phone:510-996-5173Fax:510-894-8405Email:sales@cioreview.comeditor@cioreview.commarketing@cioreview.com July - 23 - 2018, Vol 07 SE 50 Published by ValleyMedia, Inc.To subscribe to CIOReviewVisit www.cioreview.com CIOReview
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