Accenture survey reveals digital adoption could unlock $5 trillion in global economic growth

Accenture survey reveals digital adoption could unlock $5 trillion in global economic growth

Accenture's report, "Fast Track to Future-Ready Performance, indicate that even amid the current economic uncertainty, a small core of companies (about 7 percent) have achieved nearly twice the efficiency and three times the profitability of its peers. These future-ready companies have doubled-down on digital transformation and retooled operating models, pivoting from incremental improvements to wholesale reinvention.Based on a global survey of 1,100 senior-level executives and externally validated financial data, the report 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.The research, conducted in 2020, assessed four levels of business operations maturity “” stable, efficient, predictive and future-ready “” with each level underpinned by progressing digital capabilities, such as AI, cloud, and data. The business impact was assessed by combining survey responses with externally validated financial data from 810 of the 1,100 organizations surveyed.Future-ready enterprises transform how work gets done by using rich data for decision-making, augmenting people with artificial intelligence (AI) and employing agile workforce models “” with striking differences in digital adoption and operational maturity. Nine in 10 future-ready organizations (90