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As delegates gather in Davos for the World Economic Forum’s Annual Meeting, they will be more optimistic about the world economy in 2014 than in recent years. But there are longer term trends that are ‘reshaping the world’, giving the event its theme this year.
Digital technology has been with us for years, but it is only now that its ability to reshape businesses, communities and policy is being felt. In Davos, Accenture will help lead the debate by publishing research that explores how digital is disrupting traditional markets and dissolving boundaries between industries.
Why is this important? As companies search for higher rates of growth, we believe they will be found not by pinning hopes of revenue expansion on macro-economic conditions, but by proactively creating entirely new markets with the help of digital technologies. That will require incumbents and start-ups from multiple industry sectors to join forces and work with non-commercial parties to provide innovative products and services that were not possible before.
This reshaping of traditional industries is already beginning to happen. It is not good news for all participants however. There will be winners and losers. In Davos, we look forward to debating the measures that can encourage this fundamental transformation in ways that reward businesses and innovators, inform regulators and policy makers, and support workers and communities.
Learn more about our live broadcasts, research, videos and news coverage.
Is Europe Back?January 22, 2014, 4:45 a.m. ET / 10:45 a.m. CETCredit spreads have narrowed, break-up speculation has receded, and stock prices have climbed. But questions remain about the continent's recovery.
Accenture Chairman & CEO, Pierre Nanterme joins Martin Sorrell, Chief Executive Officer, WPP, Kenneth Rogoff, Professor of Public Policy and Professor of Economics, Harvard University, Axel A. Weber, Chairman of the Board of Directors, UBS, Giuseppe Recchi, Chairman, Eni and moderator Bobby Ghosh, Editor, Time International as they address the lingering questions about Europe’s recovery amid the many strong signs of improvement.
Watch the replay here.
Live from Davos: Unlocking growth with digitalJanuary 22, 2014, 10:00 a.m. ET / 4:00 p.m. CETLive from the World Economic Forum Annual Meeting in Davos, Switzerland, Accenture convened a panel of global leaders from across industry sectors to debate how new digitally contested markets are forming, and what technology and business capabilities are required for incumbents and new entrants alike to succeed.
Our study reveals businesses that exploit digital technologies to break into new market sectors can enjoy greater growth rates—and they are adopting flexible partnerships and alliances and fostering personal networks along the way.
Accenture draws on the insights of a survey of 500 C-level executives from 10 countries—Brazil, China, France, Germany, India, Italy, Russia, Spain, the United Kingdom and the United States—and in-depth interviews with practitioners, academics and experts, along with econometric modeling of market performance, to discover how digital disruption could open up new growth opportunities.
Explore our customer markets study to learn more about how digital disruption is driving new business models and growth.
View the Research Website
Responsible Mineral Development Initiative: Accenture’s Collaboration with the World Economic Forum
Accenture worked closely with the World Economic Forum on its on its Responsible Mineral Development Initiative (RMDI) to co-author a set of scoping papers with industry leaders and experts. Topics included new models of infrastructure investment in the metals and mining sector, downstream opportunities and challenges in aluminum and steel, and the role of metals and mining in a sustainable world. Read more about Accenture’s involvement in the RMDI program and the resulting research.
CNBC – The new business model: Embrace online, branch outNew research from Accenture shows that a majority of top executives say their companies will pursue growth outside their traditional industry in the next five years, so as to provide customers with everything they need. Mark Spelman, managing director, Accenture Strategy discusses how digital disruption is driving new business models and growth.
Re/Code – Big Is the Next Big ThingLarge companies are going digital in big ways, moving from being digitally disrupted to become the digital disrupters. No longer are they reacting primarily to changes brought on by startups or technology giants like Facebook and Google. Now they are the ones incorporating digital technologies, innovating in surprising ways. Chief technology officer and managing director of the Accenture’s Technology Strategy and Innovation group, Paul Daugherty shares his thoughts on what companies need to do to succeed.
Xinhua – Accenture managing director says emerging economies "rebalance the world"Ahead of the World Economic Forum Annual Meeting in Davos, Switzerland, Peter Lacy, managing director, Accenture Strategy shares his thoughts on the rise of Asian economies, in particular, the rise of China as they look to create a more mature economy, a middle-income economy.
The Telegraph – Crippled eurozone to face fresh debt crisis this year, warns ex-ECB strongman Axel WeberA top panel of experts in Davos has poured cold water on claims that the European crisis is over, warning that the eurozone remains stuck in a low-growth debt trap and risks being left on the margins of the global economy by US and China. Pierre Nanterme, chairman and chief executive officer of Accenture, said Europe is losing the great battle for competitiveness, and risks a perma-slump where debt burdens of 100pc of GDP prevent governments breaking free by investing in skills and technology.
CNN Money – Europe's economy: What could go wrong?Just when you thought the worst was over for Europe, political risk and financial uncertainty could return in 2014. "The number one challenge in Europe is unemployment," said Accenture (ACN) CEO Pierre Nanterme. "I am extremely concerned about the rise of extremists in Europe -- they're surfing on this lack of inclusion," he said at panel debate hosted by Time magazine.
Reuters – Davos bosses tread warily in rocky emerging marketsMultinational companies are becoming more picky about emerging market investments as slowing growth in upstart economies and a recovery in the West takes the shine off a previous sure-fire strategic bet. In fact 60 percent of firms now expect to shift investment away from the BRICs towards other more rapidly growing markets, according to an Accenture survey of more than 1,000 executives. "It's getting tougher and more competitive and some companies will find that they haven't got the right strategy in certain places," said Mark Spelman, Accenture's strategy head. "There may be some that will pull out, but we will continue to see more investment at the same time."
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