Insight into the future system From Full value and full harvest

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The following is the Insight into the future system From Full value and full harvest recommended by recordtrend.com. And this article belongs to the classification: accenture , research report.

According to the latest research of Accenture (NYSE Code: ACN), although Chinese enterprises are investing heavily in it (Information Technology) for enterprise transformation and business innovation, there is a gap between technology investment and value realization. Only 30% of the Chinese enterprises interviewed (33%) are satisfied with the return on their technology investment.

Accenture’s future system report has investigated more than 8300 enterprises from 20 countries and regions and 20 industries in the world, which is the largest enterprise information technology research field so far. The report reveals the relationship between technology application and financial performance of enterprises, and points out that enterprises that are fully transiting to the new system will gain faster revenue growth. Accenture defines a new system that can dynamically combine intelligent applications, data and infrastructure to form a flexible enterprise architecture and team organization as a “future system”.

This study comprehensively measures the situation of enterprises applying mature technologies and emerging technologies such as artificial intelligence, blockchain and extended reality. It scores the maturity of future systems of enterprises from three dimensions of technology application, technology penetration in each process, organization and culture, and divides the top 10% leading enterprises and the last 25% backward enterprises.

The research shows that from the average annual growth rate of revenue from 2015 to 2018, the revenue growth rate of China’s leading enterprises is 1.7 times that of the backward enterprises. If the backward enterprises do not make changes, the gap will be further widened in the next five years. By 2023, the latecomers may lose 37% of their revenue growth.

China’s leading enterprises, that is, the enterprises gradually building the future system, their revenue growth rate is 1.7 times that of the backward enterprises. Source: Accenture research

Jia Jin, President of Accenture’s enterprise technology innovation division in Greater China, said: “nowadays, enterprises are investing heavily in new technologies, but not every enterprise has realized the return on innovation investment. In the era of data-driven digital economy, enterprises need to carefully adjust their own strategies, move towards the goal of large-scale technology application, build a future system that can adapt to the changing business and technological environment, fully tap the innovation potential, and maximize the performance and enterprise value. “

The research points out that the future system has three characteristics: boundless, adaptive and humanized, which can help enterprises break the barriers of traditional information technology and other business fields, provide new human-computer interaction, stimulate the potential of enterprises and ecosystem, and greatly improve the business innovation ability.

“In order to maximize the return on technology investment, leading enterprises will constantly improve the maturity of technology application, not satisfied with the optimization in limited fields, but promoting enterprise wide transformation,” Jia added

Research shows that leading enterprises have unique ideas and methods in promoting technology application and organizational change, which is in sharp contrast with the backward enterprises. Specifically, the leading companies perform well in five aspects——

Rapid and flexible deployment of Technology: the technology application rate of China’s leading enterprises is generally higher than that of other enterprises. For example, the proportion of applied artificial intelligence technology is as high as 95%, while the proportion of backward enterprises is 52%. Leading companies also use other solutions to decouple data, infrastructure, and applications. In fact, the proportion of leading enterprises applying artificial intelligence, Internet of things and micro service technologies is far higher than that of backward enterprises.

Integrated application of various cloud services: leading enterprises can not only effectively utilize cloud technology, but also apply other leading technology combinations such as artificial intelligence and analysis in the cloud. Nearly 90% of China’s leading enterprises (88%) regard cloud computing as an innovation catalyst, while only 35% of the less advanced enterprises agree with this point.

Responsible management of data: up to 93% of China’s leading companies take various measures to ensure data quality, rather than relying on data that may not be verified or biased, and only 50% of the latecomers do so. This means that the leading companies have more reliable data, and thus have the ability to drive effective business change.

Promote the application of technology in various departments: 96% of China’s leading enterprises systematically track the technology investment return rate of various departments of enterprises, and optimize business collaboration by breaking the barriers between IT departments and other departments.

· vigorously improve employees’ skills: 96% of China’s leading enterprises use artificial intelligence and advanced analysis to promote personalized learning, predict employees’ skill needs, and match employees’ skill requirements with training modules. Only 44% of backward enterprises have achieved this. At the same time, the proportion of leading enterprises applying immersive learning (virtual reality, augmented reality, Gamification and other technologies) is 2.6 times higher than that of backward enterprises.

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