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Cos Excelling at Scaling Tech Innovation Generate Double Revenue Growth: Accenture

The new research survey from Accenture revealed the massive impact that technology investment and adoption have on a company’s financial performance which also includes the mind sets and behaviours of companies that are industry leaders.

The new research, titled “Full Value. Full Stop. How to scale innovation and achieve full value with Future Systems,” provides insights on how to scale innovation and achieve full value of technology investments. The survey is based on more than 8,300 organizations across 20 industries and 22 countries.

The survey includes measures of both mature and emerging technologies such as artificial intelligence (AI), blockchain, and extended reality. It scored companies on three important dimensions: technology adoption, depth of technology adoption, and organizational and cultural readiness.

“Competing in today’s data-driven, post-digital economy means organizations need to have a carefully calibrated strategy toward technology adoption and a clear vision for what their companies’ future systems should look like. Our newest research reveals that the world’s leading companies are investing in boundaryless, adaptable and radically human systems to maximize innovation, business performance and value” says Bhaskar Ghosh, group chief executive, Accenture Technology Services.

Fundamentally, Leaders believe that humans and machines can bring out the best in each other while companies and their ecosystems can form mutual alliances. It’s one reason they’re motivated to build future systems that are boundaryless, adaptable and radically human.

The Future Systems research found that leaders exhibit a distinct mindset and approach to enterprise-wide technology adoption and organizational transformation often in stark contrast to laggards. Specifically, Leaders are benefiting from:

Adopting fast, flexible technologies: Leaders are adopting powerful technologies such as AI at a rate of 98%.

Embracing cloud computing: 95% of leaders see the cloud as a catalyst to innovation, compared to just 30% of laggards.

Treating data as a corporate asset: 90% of leaders take steps to ensure data quality rather than relying on data that is potentially unverified or biased.

Managing technology investments across the enterprise: Leaders are achieving better business alignment by effectively breaking down barriers between IT and other departments.

Upskilling their talent: 87% of leaders are using experiential learning with advanced technologies such as personalized learning, predicting worker skills needs, and matching worker skill requirements with training modules.

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