Technology

Accenture: Main enterprises are compressing a decade of digital transformation in 1-2 years

“The world is hungry for a brand new sort of management,” in keeping with the Accenture Know-how Imaginative and prescient 2021 report. The report, “Leaders Needed: Masters of Change at a Second of Reality,” outlines how main enterprises are compressing a decade of digital transformation into one or two years. Accenture surveyed greater than 6,200 enterprise and expertise leaders for the Know-how Imaginative and prescient report, and 92% report that their group is innovating with an urgency and name to motion this 12 months. And 91% of executives agree capturing tomorrow’s market would require their group to outline it.

Counting on a robust digital core to adapt and innovate at lighting velocity, leaders are rising revenues 5x quicker than laggards at this time, versus solely 2x quicker between 2015 to 2018, in keeping with Accenture analysis. The result’s a wave of firms racing to reinvent themselves and use expertise improvements to form the brand new realities they face.  

The Accenture Know-how Imaginative and prescient 2021 report identifies 5 key tendencies that firms might want to tackle over subsequent three years to speed up and grasp change in all components of the enterprise:

  1. Stack Strategically: Architecting a Higher Future — A brand new period of trade competitors is dawning, one the place firms compete on their IT methods structure. However constructing and wielding essentially the most aggressive expertise stack means occupied with expertise in a different way, making enterprise and expertise methods indistinguishable. Eighty-nine % of executives consider that their group’s capability to generate enterprise worth will more and more be primarily based on the constraints and alternatives of their expertise structure.
  2. Mirrored World: The Energy of Large, Clever, Digital Twins — Leaders are constructing clever digital twins to create dwelling fashions of factories, provide chains, product lifecycles, and extra. Bringing collectively knowledge and intelligence to signify the bodily world in a digital area will unlock new alternatives to function, collaborate, and innovate. Sixty-five % of executives surveyed anticipate their group’s funding in clever digital twins to extend over the subsequent three years.
  3. I, Technologist: The Democratization of Know-how — Highly effective capabilities at the moment are obtainable to folks throughout enterprise capabilities, including a grassroots layer to enterprises’ innovation methods. Now, each worker will be an innovator, optimizing their work, fixing ache factors, and retaining the enterprise in lockstep with new and altering wants. Eighty-eight % of executives consider expertise democratization is changing into important of their capability to ignite innovation throughout their group.   
  4. Anyplace, In all places: Carry Your Personal Surroundings — The one greatest workforce shift in dwelling reminiscence has positioned companies to increase the boundaries of the enterprise. When folks can “convey your personal surroundings” they’ve the liberty to seamlessly work from wherever — whether or not that is at house, the workplace, the airport, companions’ places of work, or some place else. On this mannequin, leaders can rethink the aim of working at every location and lean into the chance to reimagine their enterprise on this new world. Eighty-one % of executives agree that main organizations of their trade will begin shifting from a ‘Carry Your Personal System’ to ‘Carry Your Personal Surroundings’ workforce strategy.
  5. From Me to We: A Multiparty System’s Path Via Chaos — The demand for contact tracing, frictionless funds, and new methods of constructing belief introduced into sharp focus what had been left undone with enterprises’ current ecosystems. Multiparty methods can assist companies acquire higher resilience and adaptableness; unlock new methods to strategy the market; and set new, ecosystem-forward requirements for his or her industries. Ninety % of executives surveyed state that multiparty methods will allow their ecosystems to forge a extra resilient, adaptable basis and create new worth with their group’s companions. 

Accenture Know-how Imaginative and prescient 2021

Listed here are very attention-grabbing and highly effective analysis discovering from the Accenture Tech Imaginative and prescient 2021 report that validate the 5 expertise tendencies which is able to form the long run: 

  • A current research revealed that digital leaders (the highest 10% of firms main expertise innovation) obtain 2-3x income development as in comparison with their rivals — a widening divide that Accenture calls the “Digital Achievement Hole.”
  • As we speak enterprises are at round 20% cloud deployment, however Accenture anticipates fast development to 80% as firms take a bolder strategy to expertise that is extra aligned with the enterprise.
  • Ninety % of enterprise and IT executives in our survey agree that to be agile and resilient, their organizations must quick ahead their digital transformation with cloud at its core.
  • Sixty-three % of executives report the tempo of digital transformation for his or her group is accelerating.
  • Ninety-two % of executives report that their group is innovating with an urgency and name to motion this 12 months.
  • Eighty-three % of executives agree that their group’s enterprise and expertise methods have gotten inseparable, even indistinguishable.
  • Seventy-seven % of executives state that their expertise structure is changing into important to the general success of their group.
  • Sixty-five % of executives anticipate their group’s funding in clever digital twins to extend over the subsequent three years.
  • Solely 11% of executives estimate that 100% of the information offered via IoT gadgets and/or sensors of their organizations is totally utilized.
  • Eighty-seven % of executives agree digital twins have gotten important to their group’s capability to collaborate in strategic ecosystem partnerships.
  • Eight-eight % of executives consider expertise democratization is changing into important of their capability to ignite innovation throughout their group.
  • Eighty-six % of executives agree their group should prepare their folks to assume like technologists — to make use of and customise expertise options on the particular person degree, however with out extremely technical expertise.
  • Ninety % of executives agree that for instruments of expertise democratization, organizations want to make sure that coaching methods embody a spotlight on safety and knowledge governance.
  • Eighty-two % of executives agree their group’s staff simply confronted the biggest and quickest human behavioral change in historical past on account of COVID-19.
  • Forty-eight % of organizations have invested in cloud-enabled instruments and applied sciences and 47% in digital collaboration instruments to assist their distant workforce throughout COVID-19.
  • Eighty-seven % of executives consider the distant workforce opens up the marketplace for difficult-to-find expertise, and expands the competitors for expertise amongst organizations.
  • Ninety % of executives agree that to be agile and resilient, their organizations must quick ahead their digital transformation with cloud at its core.
  • Ninety % of executives state that multiparty methods will allow their ecosystems to forge a extra resilient and adaptable basis to create new worth with their group’s companions.

Paul Daugherty is Accenture’s Group Chief Govt – Know-how & Chief Know-how Officer. He leads all elements of Accenture’s expertise enterprise. Daugherty can be accountable for Accenture’s expertise technique, driving innovation via R&D in Accenture Labs and leveraging rising applied sciences to convey the latest improvements to shoppers globally. He based and oversees Accenture Ventures, which is concentrated on strategic fairness investments and open innovation to speed up development. He’s a member of Accenture’s World Administration Committee. Daugherty has been acknowledged in Computerworld’s Premier 100 Know-how Leaders, Retail Week’s Tech 100, AdWeek 50, LinkedIn High Voices, and Enterprise Transformation 150. He accepted the FASPE Award for Moral Management for his work in making use of moral ideas to the event and use of synthetic intelligence and different modern twenty first century applied sciences. Daugherty is co-author of Human + Machine: Reimagining Work within the Age of AI, a administration playbook for the enterprise of Synthetic Intelligence.

To be taught extra about Accenture Know-how Imaginative and prescient 2021 report, Ray Wang, CEO and founding father of a Silicon Valley-based advisory agency Constellation Research, and I invited Paul Daugherty, co-author of the Tech Imaginative and prescient report, to our weekly present DisrupTV. Listed here are the important thing takeaways of our dialog with Daugherty 

“The worldwide pandemic pushed an enormous quick ahead button to the long run. Many organizations stepped up to make use of expertise in extraordinary methods to maintain their companies and communities operating — at a tempo they thought beforehand inconceivable — whereas others confronted the stark actuality of their shortcomings, missing the digital basis wanted to quickly pivot,” mentioned Paul Daugherty.

4 new realities that each one enterprise leaders should embrace

In response to Daugherty, the pandemic introduced momentum of reality and a brand new mindset, together with 4 new realities that each one enterprise leaders should embrace as firms shift from reacting to the brand new regular to creating the brand new regular. 

  1. The human expertise — 8 billion folks world wide instantaneously modified conduct for the primary time in historical past. Daugherty referenced on-line work, on-line grocery procuring, telemedicine and different huge modifications. 
  2. Each enterprise is now a expertise enterprise.
  3. Future of labor: work is now designed to be impartial of location and time, knowledge and meta-data pushed, hyper-automated and targeted on human-centric expertise
  4. Sustainability is the brand new ‘digital’:  Sustainability along with expertise will drive the success and management for firms sooner or later

Masters of change require expertise leaders

Daugherty talked to us about management classes realized for the reason that pandemic. Earlier than COVID there was a digital achievement hole. This hole has widened for the reason that pandemic. A current research earlier than the pandemic revealed that digital leaders (the highest 10% of firms main expertise innovation) obtain 2-3x income development as in comparison with their rivals — a widening divide that Accenture calls the “Digital Achievement Hole.” Because the pandemic, the digital achievement hole is now 5x.

Shaping the long run would require firms to turn out to be masters of change by adhering to 3 key imperatives, this in keeping with Daugherty:

1. Management calls for expertise management. The period of the quick follower is over — perpetual change is everlasting. Tomorrow’s leaders might be those who put expertise on the forefront of their enterprise technique. Each chief should now be a expertise chief in keeping with Daugherty. 
2. Leaders won’t await the brand new regular, they’ll create it. Leaders will not await a brand new regular, they’re going to reinvent, constructing new realities utilizing radically completely different mindsets and fashions.
3. Sustainability is the brand new ‘digital’. Leaders will embrace a broader duty as international residents, intentionally designing and making use of expertise to create constructive impacts far past the enterprise to create a extra sustainable and inclusive world. Humanity should be on the core. Your options should present advantages for all stakeholders — staff, clients, companions and communities. 

Daugherty reminds us that giant expertise firms have an obligation to make sure enterprise is the best platform for change. There’s an additional degree of obligation for expertise firms to prepared the ground when it comes to decreasing the digital divide and points associated to humanities. The expertise should be utilized in the correct method to make sure stakeholder profit. Daugherty talked concerning the 360-degree worth framework that’s utilized by Accenture to make sure everybody advantages from digital transformation. Accenture is a unbelievable instance of how values can create worth. 

Daugherty shared particular use circumstances and advantages for a few of the expertise tendencies. I encourage you to look at our video dialog to be taught extra how Accenture shoppers are utilizing these 5 tendencies to develop their companies whereas delighting their clients. We talked about blockchain, synthetic intelligence, cloud computing and different rising applied sciences however within the context of enterprise outcomes. What I recognize concerning the Know-how Imaginative and prescient 2021 analysis is its concentrate on enterprise outcomes and market tendencies versus an inventory of the applied sciences that may have excessive impression on our future. 

We mentioned the ‘Stack Strategically: Architecting a Higher Future’ pattern extensively — in my view, that is a very powerful pattern for enterprise leaders to grasp. Daugherty reminded us that each one the tendencies are essential, however the way you do tech issues loads. He gave us a superb instance of how firms use their fashionable expertise stack offering key differentiation. Attending to the cloud, leveraging the sting, utilizing AI, constructing safe and scalable capabilities, and at last designing a human-centric expertise mannequin that’s versatile, adaptable and intuitive, are vital parts of architecting a greater future. 

To be taught extra concerning the Accenture Know-how Imaginative and prescient 2021 analysis, you may go to right here. 

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