JOINED ACCENTURE IN | 1984
ABOUT PHILIP | Philip Wiig is the Global Quality & Risk Management Lead for CMT, and Country Managing Director in Denmark. Philip joined Accenture in Copenhagen 1984 and has worked on large IT transformation programs in most industry sectors over the course of his career. He holds a BSc in Civil Engineering from the Danish Engineering Academy. Whilst the major part of Philip’s career has been spent in the Nordic region, he has also been working in Chicago, London, Barcelona and Paris.
WHAT'S ON THE HORIZON | “We are experiencing a fourth industrial revolution, characterized by a fusion of technologies that is blurring the lines between physical, digital, and biological spheres,” as Klaus Schwab, founder of the World Economic Forum, precisely puts it. The digital tidal wave is reshaping and disrupting entire businesses and the way we work and live. We are facing constant change and Accenture is committed to develop a broad range of industry specific digital offerings and new business models to help our clients realize innovative ideas and redefine their businesses.
Disruption is affecting all private companies and public sector authorities in Denmark. Within health and public services—institutions are under pressure to transform and deliver services in new ways. The previous approach of complex and legislative micromanagement is clashing with the expectations of the citizens that want easy-to-understand and easy-to-use solutions at point of need. Within the financial sector, the new payment regulative PSD2 is disrupting banks by forcing them to open their accounts and transaction information to third-party competitors. Consequently, GAFAAs (Google, Amazon, Alibaba, Apple, etc.) are positioned to disrupt traditional banks, while the Internet of Things (IoT) is eliminating some banking transactions altogether. Another example of disruption is the use of robotics and advanced artificial intelligence solutions, which Accenture is already implementing in several banks and insurance companies across the Nordics.
This level of disruption affects all our industries. In order to respond, business must build strong ecosystems, which is why Accenture is connecting start-ups and incumbents across industries to spark innovation. We have established innovation boards in Denmark and we are actively leveraging our global innovation labs in the United Kingdom, France, India and Silicon Valley.
This is a time of uncertainty and radical change—which can be translated directly into enormous business potential for those Danish companies that adapt, innovate and embrace the disruption.