RESEARCH REPORT

In brief

In brief

  • Accenture recently conducted a research among global high-tech companies on the industry’s readiness for, and adoption of, the Digital Thread.
  • Within three years, 75 percent global executives aim to have the Digital Thread managing supplier/partner content and IP enterprise-wide.
  • Three keys to advance Digital Thread success are: Embrace upstream & downstream connections, weave disparate functions and remove technology barriers.


Overview

As the world becomes increasingly digital, high-tech companies face a new reality: The speed of innovation is greater than it’s ever been, the time between development cycles continues to shrink and customer expectations continuously rise. Only by becoming more data-driven in their decisions can high-tech companies become more responsive to their customers’ needs, deliver new digital experiences and increase operational efficiency. To make this happen, high-tech companies must master the Digital Thread–the flow of data that runs through all the organizations and contexts with which a product/service interacts.

Accenture recently completed a research among global high-tech companies, aiming to understand the industry’s readiness for, and adoption of, the Digital Thread. Learn more about what we discovered, and why these findings are so important to high-tech companies today.

To obtain full value from the Digital Thread, leaders need to take a broad view. Because the benefits of the Digital Thread are enterprise-wide, this should be a strategic, company-wide priority, requiring C-level executive sponsorship.

Weave together disparate functions for a holistic business-led approach

39%

say that benefits being distributed among many departments is a top challenge.

30%

say there is difficulty proving the business case or ROI.

21%

share ownership of the Digital Thread across business and IT.

58%

expect IT to own and maintain the Digital Thread.

Horst Groesser

Managing Director


John Giubileo

Managing Director


Lisa Jackson

Lead – Global Offering Development, Industry X.0

MORE ON THIS TOPIC


Subscription Center
Stay in the Know with Our Newsletter Stay in the Know with Our Newsletter