The Bigger Picture
Our Business
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Financial Statements
NNITꢀꢁAnnual Report 2022
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Key market trends are favorable to the solutions NNIT offer
Digital Transformation
of Industries
Cybersecurity and Regulation
An elevated cybersecurity
threat level and potentially
more state-sponsored
Continued cloud migration
The proportion of enterprise
IT spending on public cloud
computing continues to
Talent Scarcity and
Employee Experience
Sustainable IT
Customers are increasingly
focused on reducing the
Automation, Data and AI
As the business impact of AI
and machine learning grows,
Digitalization of societies
and business will continue
to drive demand for NNIT’s
services and solutions in the
coming years despite potential
negative short-term effects
caused by the prevailing macro
economic volatility. Certain
segments of NNIT’s customer
base may be taking a more
cautious approach to spending
and aim to lower the overall
cost base through implemen-
tation of IT services. Core NNIT
customer segments such as
life sciences and public sector
are regarded as resistant to a
potential recession.
The IT skills shortage is growing
increasingly predominant,
impacting customers looking
to deploy alternative methods
of attracting and retaining key
talent or outsource more to
external services providers if
they fall short on resources.
Companies are making signifi-
cant investments in providing
an attractive workplace for
scarce talent through improve-
ment of the employee experi-
ence, including efforts to lower
the “digital friction” from legacy
IT systems and replace aging
systems.
CO2 emissions related to the
procurement of IT equipment
and services through manage-
ment decisions and invest-
ments. Intelligent IT solutions
hold a strong potential for
improving sustainability perfor-
mance across sectors, and
Gartner Group estimates that
IT can contribute to lowering
global C02 emissions by 10% by
2030. This trend has a signif-
icant impact on the need for
high quality data on sustain-
ability impact, reporting and
analytics, as well as increasing
demand for climate friendly IT
solutions.
the demand increases for new
and smarter technology and
solutions that are ethically
responsible and easier to
deploy. AI usage will be scaled
through increased automated
deployment to cloud environ-
ments, which also provides
improved computing infra-
structure for faster training
and execution. AI will increas-
ingly be deployed in innovative
use cases aimed at providing
sustainable outcomes. As AI
technologies are still maturing
the need for consultancy and
advisory services will remain
significant
cyberattacks in the wake
increase, driven by a prefer-
ence for public cloud solutions
over traditional on-premises
solutions. Growing geopolit-
ical regulatory scrutiny and
compliance requirements
may increase the demand
for regional clouds. Cloud
computing will be a key techno-
logical foundation for innova-
tive environments catering for
virtual workspaces, medical
devices and telemedicine proof
of concepts, etc. NNIT sees
increased consolidation on the
major public cloud provider
platforms, especially AWS and
Microsoft Azure, which are core
NNIT partners.
of geopolitical unrest drive
increasing demand for strong
cyber defense measures and
systems. The ongoing increase
in remote work, and migration
of applications and data to
cloud services cause further
exposure to cyber criminals
underlining the need for
organizations to rethink their
approach to security safe-
guarding and need for critical
security solutions. A common
trait across the life sciences
and public sector is that they
are highly regulated industries
with specific requirements for
validated IT solutions that must
comply with either indus-
try-specific or country-specific
regulation. This trait aligns with
one of NNIT's core strengths –
understanding how regulation
impacts IT system landscapes
in order for our customers to
stay compliant.
