Is leadership ready for massive tech changes?
May 19, 2021
May 19, 2021
For more than 20-years, Accenture has published its Technology Vision, which serves as a systematic review across the enterprise landscape to identify emerging technology trends with the greatest potential impact on companies, government agencies and other organizations. Based on my experience, the Tech Vision reports have been remarkably accurate, iconic, and still relevant — a big game changer for how we talk to the market. And this year’s theme — Leaders Wanted: Experts at Change at a Moment of Truth — could not be more applicable today.
There has been an enormous amount of change over the past year in how we live, how we work, and how we collaborate. As a result, disparate companies have come together to develop vaccines, manufacture medical devices, and so much more. I’ve noticed those companies that made things happen had the needed technology, but also the skills needed to skillfully change.
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A new kind of leadership demands enterprises prioritize technology innovation in response to a radically changing world.
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When Accenture launched its Future Systems Research in 2019, it revealed that digital leaders — the top 10 percent of companies leading technology innovation — achieve 2X revenue growth as compared to their competitors. And from what I’ve learned from the new release of this research, the “Digital Achievement Gap” has widened tremendously. Based on this new analysis, the widening disparity between these leaders and their competitors has increased five-folds.
Here’s my viewpoint of the 5 trends from the 2021 Tech Vision:
We have seen incredible change in the past year, and the pace of change is accelerating. That means leaders need to invest to stay ahead, and laggards must act now to close an ever-widening gap. In addition, we've seen big shifts in customer expectations and worker’s needs. Now health, safety, and security are among the new requirements for loyalty.
As a result, becoming an expert in change is going to be a key leadership attribute. A new kind of leadership demands enterprises prioritize technology innovation in response to a radically changing world. This is a once-in-a-generation opportunity to use technology change to reimagine and rebuild, not only the future of business, but the entire human experience. And I think CIOs are in a prime position to embrace this opportunity to become experts of this change.
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