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Accelerating radical growth through interoperability
Value untangled Accelerating radical growth through interoperability
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It is an unpredictable world where ability to quickly adapt to new circumstances, adopt new technologies and otherwise remain nimble allows companies to thrive. Nearly half of all companies have transformed several parts of their business faster than ever in the last two years. We’re in the era of compressed transformation . N = 4053 N N ote ote : The percentages represent aggregate of respondents selecting "Agree" and "Strongly Agree" During the COVID-19 crisis, i.e., the last 2 years, my organization has (agree + strongly agree) Adopted tech and tranformed business much faster than ever before Transformed multiple parts of the business at the same time Handled exponential growth in online business/hybrid work arrangements
It’s time to untangle your tech . Businesses need to be more agile than ever. The proliferation of applications, all connected to a strong digital core, offers competitive advantages for industry and function. The key? Interoperability. Seamlessly connected enterprise applications can: • Speed up digital transformation • Enable a deeper understanding of shared data • Build better human connections • Make it easier to adapt at the speed of change Defining our terms: Interoperability is when enterprise applications can easily interact with each other and exchange data. A seamless user experience across applications creates a single source of data truth that aligns everyone to common goals, leading to better decision making, human connections and insight generation. Composable tech is proven, repeatable solutions that can be configured and reconfigured at speed to address changing business needs. This compresses transformation, setting the stage for rapid value realization.
Interoperability isn’t a new concept. Technology changes have made it easier for organizations to configure and reconfigure applications as needed without overhauling their digital core. One in three companies is capitalizing on these technological advances to untangle the value trapped within their organization.
Companies with high interoperability unlocked up to five additional percentage points of revenue growt h than low/no interoperability companies stuck in the technology status quo. Interoperability accelerates growth. Average revenue growth last FY (in %) 4x 6x 5pp of additional growth due to platform exploration and interoperability 3pp of additional growth due to platform exploration ata. Source: Accenture Research based on Survey d Note: Additional growth rates due to increased platform exploration and seamless interoperability are estimates based on an econometric model such as Revenue Growth i= A x medium interoperability + B x high teroperability + C controls + error, in which the baseline is the low/no interoperability group. Estima in tes include a variety of firm-specific controls including industry, country, size, technology spending and an interaction term between industry and country. A variety of robustness checks have been performed (i.e., scaling revenue growth by industry averages, by previous growth rates and the results holds. Survey sample= 4,053 firms in 19 industries and 23 countries. Revenue growth percentages have been rounded off to the nearest whole number. Last FY implies the latest annual company financials reported before February 2022.
MORE PRODUCTIVE WORKFORCE • 12pp more likely to be successful when improving employee productivity is a priority STRONGER FINANCIALLY • 5pp of additional revenue growth • 2.9pp of additional profitability growth or higher ability to cut costs OPERATE MORE SUSTAINABLY • 4pp more likely to be successful at embracing sustainable business practices BETTER AT CX • 16pp better at reinventing customer experience HIGH INTEROPERABILITY OPERATIONALLY EFFICIENT • 12pp better at improving their supply chain and operations HIGHER PACE OF TRANSFORMATION • 11pp more likely to adopt technology and transform business at much faster rate Notes: • pp implies percentage points difference between the results of companies with high interoperability and low/no interoperability • “Better” indicates the difference in percentage of companies with High Interoperability and Low/No Interoperability achieving a specific metric Creating long - lasting value
Companies across industries — from Life Sciences to Travel — create value, in good times and bad, when they prioritize interoperability. And this is true across industries N=244* N=244* *Note: Data for Life Sciences vertical excludes outliers – companies that grew applications without increasing vendors (6 in total). Last FY implies the latest annual company financials reported before February 2022. N=250 N=250 Note: Last FY implies the latest annual company financials reported before February 2022. Low/No Interoperability High Interoperability Life Sciences Average revenue growth last FY (in% ) Travel Average revenue growth last FY (in %) 4.5pp of additional growth due to plataform exploration and interoperability 6.4pp of additional growth due to plataform exploration and interoperability Low/No Interoperability High Interoperability
Factors for success: cloud, composable tech and collaboration Composable Tech Build repeatable solutions that can be configured and reconfigured at speed to address changing business needs Cloud Use cloud as the foundation for shared data and experiences across applications. Collaboration Focus on empowering employees with new digital skills, trusted collaboration and shared definition of success.
Interoperability is value untangled One in three companies is able to develop this level of agility to untangle the value trapped in their organization, racing past their competitors in growth, efficiency and resiliency. Their secret? Using interoperability as the catalyst for total enterprise reinvention. Ready to start your journey to interoperability? Read the full report here.
