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Companies Excelling at Scaling Technology Innovation Generate Double the Revenue Growth

Accenture’s Study reveals how leaders with a technology driven mindset, generate a higher rate of growth for their organization than their counterparts.

A new research survey on Future Systems from Accenture reveals the enormous impact that technology investment and adoption have on a company’s financial performance and most notably, the mindsets 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, builds on Accenture’s initial Future Systems report launched last year, and is based on a survey of more than 8,300 organizations across 20 industries and 22 countries. It is designed to help companies understand and close the innovation achievement gap – defined as the difference between potential and realized value from technology investments.

Tracking performance indicators between 2015 and 2023 (projected), the study identifies the relationship between technology adoption and value achieved, finding that Leaders grow revenue at more than twice the rate of Laggards. Moreover, in 2018 alone, Laggards surrendered 15 percent in foregone annual revenue, and stand to potentially miss out on an astonishing 46 percent in revenue gains by 2023 if they do not change their enterprise technology approach. 

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 adopting fast, flexible technologies; embracing cloud computing; treating data as a corporate asset; managing technology investments across the enterprise and upskilling their talent. And they do each of these activities at a rate higher and faster than the Laggards.

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