Firms with Extremely Interoperable Know-how Obtain Six Occasions Larger Income Progress, Based on New Accenture Analysis

Firms with Extremely Interoperable Know-how Obtain Six Occasions Larger Income Progress, Based on New Accenture Analysis

Firms with Extremely Interoperable Know-how Obtain Six Occasions Larger Income Progress, Based on New Accenture Analysis 

 
NEW YORK; Nov. 30, 2022 – New analysis from Accenture (NYSE: ACN) finds that corporations with extremely interoperable enterprise functions acquire higher agility to thrive amid uncertainty and obtain stronger monetary efficiency. Final 12 months, corporations with excessive interoperability – which consist of 1 in three corporations surveyed (34%) – grew income six instances sooner than their friends with low interoperability, and they’re poised to unlock a further 5 proportion factors in annual income progress. 
 
For the report, Worth Untangled: Accelerating radical progress by interoperability, Accenture surveyed greater than 4,000 C-suite executives throughout 19 industries in 23 international locations. It discovered that within the final two years alone, one in two corporations (49%) adopted new know-how and remodeled their enterprise sooner than ever, with 40% reworking a number of elements of their enterprise on the similar time. Excessive interoperability helps these corporations obtain the agility they should bear compressed transformation. Through the use of functions that simply work together with one another to allow knowledge sharing, higher transparency and high quality human connections, organizations can pivot extra shortly and make the most of new alternatives.  

Firms with Extremely Interoperable Know-how Obtain Six Occasions Larger Income Progress, Based on New Accenture Analysis


“Whereas the idea of interoperability isn’t new, the know-how to make it attainable in a well timed and cost-effective manner is lastly placing it inside attain for many enterprises,” mentioned Emma McGuigan, senior managing director and Enterprise & Trade Applied sciences lead at Accenture. “To compress transformation from years to months, and even days, the whole lot have to be built-in and interoperable. One in three corporations have prioritized this stage of agility and are untangling worth to race previous their rivals in income progress, effectivity and resiliency through the use of interoperability to spark complete enterprise reinvention.” 
 
Firms with excessive interoperability profit not solely from stronger monetary efficiency however they’re additionally 12 proportion factors higher at enhancing their provide chain and operations; 16 proportion factors higher at reinventing buyer expertise; 12 proportion factors extra profitable at enhancing worker productiveness; 4 proportion factors extra profitable at embracing sustainable enterprise practices; and 11 proportion factors extra more likely to maintain compressed transformations.   
 
Main corporations with excessive interoperability obtain worthwhile progress by allocating simply 2-4% extra of their IT and useful budgets to functions, whereas dealing with as many, if no more, various functions inside their IT stack. Most enterprises now have greater than 500 functions, with eight out of ten (82%) saying they are going to proceed to broaden their software footprint, making an interoperable strategy much more vital. On the similar time, 66% say that the variety of functions and their related technical complexities are a barrier to reaching interoperability. These which can be profitable make excessive interoperability central to their total enterprise and know-how technique.   
 
The report recommends three actions for corporations aspiring to enhance interoperability: 
 
Leverage the cloud – A elementary interoperability enabler, cloud is now ubiquitous. Firms that efficiently enhance their interoperability begin by shifting current functions to the cloud and investing in new, cloud-based enterprise functions. However extra importantly, they use the cloud to attach knowledge and experiences throughout functions, creating one model of reality for the enterprise. Our analysis discovered that just about 72% of corporations with excessive/medium interoperability adopted public cloud and have already migrated 30% of their knowledge and workloads. Solely 60% of low/no interoperability corporations have adopted public cloud, a 12% lag. 
 
Make the most of composable tech – Utilizing confirmed, repeatable options that may be configured and reconfigured at pace to handle altering enterprise wants, often called composable know-how, builds flexibility into the center of organizations. This enables enterprises to deal with the consequences of disruption by sooner, higher and cheaper transformation. It requires shifting from a know-how structure of static, standalone elements to one in all composable items. Through the use of prebuilt, interoperable options to swap and plug-and-play smaller software elements, new options may be created with out wider disruption. 
 
Give attention to significant collaboration Interoperable functions are just one a part of the equation. Interoperability can allow significant collaboration by permitting features and folks to work collectively seamlessly towards a typical aim. They will use real-time knowledge, analytics and AI, along with new methods of working, to unlock the worth of know-how, empower individuals and obtain higher outcomes. This collaborative tradition comes from the highest: multiple fourth (27%) of executives think about lack of collaboration throughout enterprise features as a high problem brought on by low/no interoperability. Management can amplify collaboration by drawing up broad use circumstances for brand spanking new interoperable functions and difficult workers throughout features to unravel them as a group. 
 
To learn the complete Worth Untangled: Accelerating radical progress by interoperability report go to www.accenture.com/value-untangled.
 
The report will also be explored in Accenture Foresight, a brand new thought management app that gives a customized feed of Accenture’s newest stories, case research, blogs, interactive knowledge charts, podcasts and extra. Go to http://www.accenture.com/foresight. 
 
Concerning the Analysis 
Within the first half of 2022, Accenture analysis surveyed 4,053 C-level executives throughout 19 industries in 23 international locations. The survey collected knowledge on know-how ecosystem footprint, enterprise panorama and monetary and operational efficiency by way of a number of measures. Findings have been supplemented with 25 in-depth interviews and 40 case research, in addition to secondary analysis, interviews and case examine evaluation to know points organizations are dealing with on their multi-ecosystem journey and the evolution of the multi-ecosystem world.  
 
About Accenture 
Accenture is a world skilled providers firm with main capabilities in digital, cloud, and safety. Combining unmatched expertise and specialised expertise throughout greater than 40 industries, we provide Technique and Consulting, Know-how and Operations providers, and Accenture Tune — all powered by the world’s largest community of Superior Know-how and Clever Operations facilities. Our 721,000 individuals ship on the promise of know-how and human ingenuity every single day, serving shoppers in additional than 120 international locations. We embrace the facility of change to create worth and shared success for our shoppers, individuals, shareholders, companions, and communities. Go to us at accenture.com. 
  

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Contacts:
 
Hannah Unkefer 
Accenture  
+ 1 206 839 2172 
[email protected] 
 
Francine Fiano 
Accenture 
+ 1 917 452 7393 
[email protected] 
 
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