“Future-Ready” Organizations Leveraging Digital to Operate Faster and Smarter Could Help Unlock $5 Trillion in Economic Growth, Says Accenture Study
The pandemic-driven acceleration of digital adoption and the resulting new agile ways of operating could unlock $5.4 trillion in profitable growth if applied broadly, according to a new report by Accenture.
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New agile ways of operating set fuel a $5.4T sprint into the future, says new @AccentureOps study
Accenture’s findings indicate that even amid the current economic uncertainty, a small core of companies — about 7% — have achieved nearly twice the efficiency and three times the profitability of peers. These future-ready companies have doubled-down on digital transformation and retooled operating models, pivoting from incremental improvements to wholesale reinvention.
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Based on a global survey of 1,100 senior-level executives and externally validated financial data, the report, “Fast Track to Future-Ready Performance,” assessed the impact of achieving progressive levels of business operations maturity with the highest level being “future-ready.” The higher the maturity, the greater the degree of digital capabilities, such as artificial intelligence (AI), cloud, and data analytics.
“Uncertainty has also put a premium on new, agile ways of doing things, reinforcing the idea that operations can be a catalyst for competitive advantage, transformational value and growth,” said Manish Sharma, group chief executive of Accenture Operations. “But this only works if companies think big — transforming how the work actually gets done across technology, processes and people.”
