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The post-digital era is upon us. Are you ready for what’s next?

Research
1 June 2019

Companies are taking their first steps in a new post-digital world. It’s a world where products, services, and even people’s surroundings are customized, and where businesses cater to the individual in every aspect of their lives, shaping the very realities they live in. But as we move collectively into the post-digital era, these capabilities and advantages are now available to every organization. Digital itself is no longer differentiating. This publication by the consulting company Accenture seeks to find an answer to the question of how leaders are going to set themselves apart at a time when every business is heavily investing in digital technologies.

According to the results of a survey of 6,672 business and IT executives carried out by Accenture in 2019, 45 percent of the respondents report the pace of innovation in their organizations has significantly accelerated over the past three years due to emerging technologies. The authors of the publication observe that besides companies, individuals are also adopting new technology both quickly and completely, and whether they’re customers, employees, or even threat actors, they are beginning to outpace enterprises in their digital transformations. They are more knowledgeable about technology itself and how companies use it, and are becoming selective and demanding of what they adopt, challenging companies to work with them or adapt to them in different ways.

As companies move to meet these goals, they must also accept a new level of responsibility. As businesses use technologies to reach further into people’s lives, shaping the very fabric of reality, they must address the privacy, safety, ethics, and governance questions that come along with that level of access.

This publication highlights five emerging trends that will shape businesses over the next three years. The trends are:

  • growing relevance of distributed ledger technology, artificial intelligence, extended reality, and quantum computing;
  • increasing customization for every consumer;
  • new workforces with better skillsets and constantly growing capabilities made possible through technology;
  • rising importance of security as leading businesses rely on interconnectedness to collaborate with entire ecosystems in order to deliver best-in-class products, services, and experiences;
  • necessity of meeting consumers’ needs as quickly as possible.
In conclusion, the authors review a three-year set of technology trends (2017 to 2019) to show how the trends evolved over time.

Anlytics on the topic

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Kaizen in the garage

While businesses run by older adults have struggled to acquire market share and position, an entrepreneurial generation Y has grown up in the country. Millennials are doing business in Russia because they believe in the opportunities here, but they also think on a global scale.

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Russia Economic Report. December 2021

The World Bank report describes the current macroeconomic trends in Russia and their relationship with the COVID-19 pandemic and the global climate agenda.

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Beyond banking: How banks can use ecosystems to win in the SME market

The work by the McKinsey & Company consultancy explores SME development, challenges faced by SMEs, and the process of building an effectual ecosystem which would help businesses meet the challenges and would, at the same time, be profitable for banks.