The Digital Thread imperative
September 18, 2018
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.
Accenture’s Digital Thread & Digital Twin Strategies
Accenture’s end-to-end Digital Thread & Digital Twin strategies outline a path to greater growth and cost efficiency through digital connections. See more.
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