Overview
Fast-emerging digital ecosystems—think precision agriculture, the industrial internet or smart cities—create foundations for the next big wave of enterprise disruption. Digital ecosystems like these, and the businesses that power them, are already straddling markets and blurring industry boundaries.
The threat they pose?
Unexpected new competitors seizing advantage.
The opportunity?
Previous technology disruptions were often unpredictable. But now, enterprises have a line of sight to track growing ecosystems and anticipate their impacts. Forward-thinking leaders can get ahead of the game, develop their ecosystem strategies, and ride the results into new markets. But they must start now.
46% of Australian executives believe industry boundaries are being erased and new paradigms are emerging across every industry.
New Competition
Company types posing the
greatest risk of disruption in Australia
The platform economy brings threats to match the opportunities. Rapidly globalising platforms and their digital ecosystems (e.g. Uber’s taxi model, Amazon’s ecommerce suite and Philips’ hospital-to-home platform) are often too big to challenge by the time they enter Australia. Platforms also open the door for new competitors by making it easier for agile, small players, and companies from other industries, to disrupt large markets. Some of the biggest threats will come from businesses not yet classified as competitors.
In our survey, 40% of Australian executives believe their industry is experiencing Ecosystem disruption, while 46% believe industry boundaries are being erased and new paradigms are emerging across every industry - much of this is driven by the rise of platforms.
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Industry leaders must act now, and act fast to build the services and develop the new partnerships that will allow them to stake their claim in these ecosystems.
To learn more, download the Global Technology Vision report:
Read more on the Australian Perspective
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MOVING FORWARD
NEXT:
Digital Trust
Pervasive new technologies threaten trust. Without it, businesses can’t share and use the data that underpins their operations. That’s why the most advanced security systems incorporate a powerful commitment to the highest ethical standards for data.
DISCOVER TREND 5 HOMEPAGE
Accenture Team
Miguel Gabriel Custodio
Managing Director, Technology Strategy
Australia & New Zealand
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Balaji Ram
Managing Director—Application Services Lead
Accenture Technology
Australia & New Zealand
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