the digital opportunity: policy & progress

The Digital Opportunity: Policy & Progress Francis Hintermann, Managing Director, Accenture Research | Tuesday October 6, 2015

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of Fortune 500 companies have disappeared since 2000

of revenues of large companies expected to be generated from digital products and services in the next 3 years

Markets are being disrupted by digital


Three Waves of Digital

Digital Customer

Digital Enterprise

Digital Operations

Personalized multi-channel interactions with customers

Digitization of enterprise functions that boost efficiency

New technologies like the Industrial Internet that change the way business is done and revenues are earned


What this means for business

The Internet of Me Outcome Economy Platform Revolution Intelligent Enterprise Workforce Reimagined

Selling personalized services

Selling outcomes, not products

Innovating and serving customers through designed networks

Smart systems that transform productivity

Learning to work with and manage machines


Uplift in 2020 GDP as a result of a ten point improvement in Digital Density – the penetration of digital technologies in companies and the wider economy (USD billion, 2014 prices)

What’s it worth to the economy?

$38

$101

$41

$97

$57

$57

$75

$114

$418

$365United States

China

Japan

Germany

France

United Kingdom

Brazil

Italy

India

Canada

Source: Accenture and Oxford Economics


The journey to Open Innovation

To succeed in the digital economy, companies will have to modify their innovation strategies. Open Innovation will require multilateral partnerships whereby corporate sponsors go beyond funding innovation, and actively participate in the innovation process itself. This will require greater digital collaboration


Eyes on the prize: the impact of digital collaboration

Proportion of large companies’ revenues generated by collaboration with startups/entrepreneurs

NEXT 5 YEARS: 20%

TODAY: 9%

US$1.45 trillion boost to global GDP, representing an uplift of 2.2 percent


What it means for Government: 5 challenges

Speed of Technology Digital divide

Digital platforms

Borderless economy Cyber threats


1. Develop alternative policies to data localization

2. Assure legislative and regulatory support for alternative forms of funding

3. Develop and finance programs aimed at reducing skills mismatches

4. Improve access of SMEs to Innovation ecosystems and the digital economy

5. Improve digitization of government processes

B20 Digital Recommendations for Governments

10

Thank you

Learn more at accenture.com/G20YEA-OpenInnovation

https://www.accenture.com/us-en/insight-b20-digital-collaboration?c=glb_accglbsldshr_10000014&n=smc_0515