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The Digital Opportunity: Policy & Progress
Francis Hintermann, Managing Director, Accenture Research | Tuesday October 6, 2015
Copyright © 2015 Accenture All rights reserved. 2
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
Copyright © 2015 Accenture All rights reserved. 3
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
Copyright © 2015 Accenture All rights reserved. 4
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
Copyright © 2015 Accenture All rights reserved. 5
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
Copyright © 2015 Accenture All rights reserved. 6
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
Copyright © 2015 Accenture All rights reserved. 7
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
Copyright © 2015 Accenture All rights reserved. 8
What it means for Government: 5 challenges
Speed of Technology Digital divide
Digital platforms
Borderless economy Cyber threats
Copyright © 2015 Accenture All rights reserved. 9
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

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The Digital Opportunity: Policy & Progress

  • 1. The Digital Opportunity: Policy & Progress Francis Hintermann, Managing Director, Accenture Research | Tuesday October 6, 2015
  • 2. Copyright © 2015 Accenture All rights reserved. 2 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
  • 3. Copyright © 2015 Accenture All rights reserved. 3 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
  • 4. Copyright © 2015 Accenture All rights reserved. 4 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
  • 5. Copyright © 2015 Accenture All rights reserved. 5 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
  • 6. Copyright © 2015 Accenture All rights reserved. 6 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
  • 7. Copyright © 2015 Accenture All rights reserved. 7 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
  • 8. Copyright © 2015 Accenture All rights reserved. 8 What it means for Government: 5 challenges Speed of Technology Digital divide Digital platforms Borderless economy Cyber threats
  • 9. Copyright © 2015 Accenture All rights reserved. 9 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. 10 Thank you Learn more at accenture.com/G20YEA-OpenInnovation