Unlocking Increased Value with AI for Enterprise Reinvention

Today, every enterprise is pursuing business transformation using various digital technologies. One of the key levers in this digitalization playbook is artificial intelligence (AI), which has been much talked about in recent years. So where do organizations stand currently with regard to AI implementation? Are there any “leaders” and “laggards” emerging, based on recent trends? What separates the early winners from the rest, as far as the adoption of AI for business reinvention is concerned?

We, at Accenture, carried out a comprehensive survey of organizations across multiple industries to find answers to these questions. Our research shows that only 12% of companies deploying AI do so at a maturity level to outpace their rivals by building a competitive advantage. These organizations - dubbed "AI Achievers", with a score of 64 on the maturity scale – are way ahead of the “AI Experimenters”, who have barely touched the surface of AI's potential. Around 63% of companies fall under the “Experimenters” bucket, with an AI maturity score of 29.

Put simply, AI maturity is the extent to which enterprises outperform peers on AI-related foundational and differentiating capabilities, such as technology, strategy, talent, and culture. Commenting on the research findings, Accenture’s Piyush N Singh said that a clear leadership vision, effective change management, and human capital reinvention will be essential for companies to unlock more value with AI, for enterprise reinvention…Read more

News and Views

Reimagining the Techverse | Data Is the New Water

How can organizations achieve consistent data quality, while ensuring data democratization? Participating in a panel discussion organized by Bloomberg Quint, Accenture’s Pranav Arora emphasized on three factors. First, organizations should review and modify their data strategy as necessary to ensure it aligns with the wider enterprise technology architecture. Second, C-suite sponsorship is vital to ensuring buy-in from all key stakeholders. Third, the spectrum of skills needed for implementing a data strategy has changed dramatically...Watch session recording

Why Leveraging Data Meaningfully Is the Key to an Organization’s Success

Accenture’s Piyush N. Singh said that no specific industry is currently ahead or behind its peers in the data-led digital transformation journey. Companies in every industry today can be classified under three segments – “leaders” that are holistically investing across the value chain to accelerate transformation; “laggards” that are doing this piece-meal; and organizations that are barely investing in digital transformation, Singh noted…Read more

Accenture Named a Leader in 2022 Gartner? Magic Quadrant? for Data and Analytics Service Providers

Gartner has named Accenture a Leader in its recently published “Magic Quadrant for Data and Analytics Service Providers” report, highlighting organizations’ growing adoption of data and analytics to accelerate digital transformation and business growth. The report rated Accenture the highest and furthest among the 18 companies in the Magic Quadrant for its ability to execute and completeness of vision in this segment…Read more

Data-Led Transformation for Sustainable Growth

Unlike conventional data and analytics initiatives that are typically silo-based, data-led transformation is about connecting data, people, ideas, and outcomes. Organizations can transition to being a truly data-led enterprise by aligning data strategy with business goals, adapting business systems to support data-driven decision making, and nurturing the talent and data culture to drive large-scale adoption. Adopting such an approach would pave the way for sustainable business growth, in terms of enhanced operational efficiency, delivery of exceptional customer experiences, and diversification of revenue streams through intelligent products and services…Read more

Three Considerations When Building an Intelligent Data and AI Platform

For companies looking to generate actionable insights from their treasure trove of data, building a connected data and AI platform on Cloud – underpinned by a modern data architecture – is vital. This would give data users on-demand access to the information they need, irrespective of where the data is located. Organizations must also take a proactive approach toward data management and governance, to ensure that data and AI are used ethically and responsibly…Read more

Accenture is ready to help as you begin to re-imagine your business. If you’d like to know more about how we can partner with you in your digital transformation journey, please feel free to contact us. Thank you!?

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