Trends Identified
Creating value in totally new ways
The world has benefited from the development of more general-purpose technologies in the past century than in the previous four combined. Consumers are embracing these advances ever more rapidly. The telephone took 76 years to reach half of all US households. The smartphone reached the same level of penetration in less than a decade.
2014
17th Annual global CEO Survey
PWC
Developing tomorrow’s workforce
Demographic trends are having profound implications for the workplace. The global population is expanding; it will hit 8 billion in 2025. But this growth won’t be uniform, since declining fertility rates will hit some countries much harder than others. By 2020, the median age will be 43 in Europe, 38 in China and just 20 in Africa. The working-age population is, as a result, undergoing major geographic shifts. It’s still growing rapidly in countries like India, where nearly a million workers will swell the labour force every month for the next 20 years. But it’s already peaked in China and South Korea, and has been falling for more than a decade in Germany (see Figure 7). Urbanisation is causing further upheavals, with the number of city dwellers projected to rise by 72% over the next four decades. The concentration of people and resources in a compact area is a powerful combination. Cities currently generate about 80% of global economic output. 16 But uncontrolled urbanisation can also result in overcrowding, poverty and poor schooling – conditions that neither attract nor nurture talent. And it’s talent that’s the main engine of business growth. So one of the biggest issues CEOs face, as these huge demographic changes occur, is finding and securing the workforce of tomorrow – particularly the skilled labour they need to take their organisations forward.
2014
17th Annual global CEO Survey
PWC
Digital–physical blur: Extending intelligence to the edge
The physical world is coming online as objects, devices, and machines acquire more digital intelligence. What’s emerging is more than just an “Internet of Things”; it’s a new layer of connected intelligence that augments the actions of individuals, automates processes, and incorporates digitally empowered machines into our lives, increasing our insight into and control over the tangible world. There are benefits for consumers and businesses. Consumers become better informed and better equipped to influence the ways they experience everything around them. And businesses get real-time connections to the physical world that allow machines as well as employees to act and react faster—and more intelligently.
2014
Accenture Technology Vision 2014
Accenture
From workforce to crowdsource: The rise of the borderless enterprise
Picture a workforce that extends beyond your employees: one that consists of any user connected to the Internet. Cloud, social, and collaboration technologies now allow organizations to tap into vast pools of resources across the world, many of whom are motivated to help. Channeling these efforts to drive business goals is a challenge, but the opportunity is enormous: it can give every business access to an immense, agile workforce that is not only better suited to solving some of the problems that organizations struggle with today but in many cases will do it for free.
2014
Accenture Technology Vision 2014
Accenture
Data supply chain: Putting information into circulation
Yes, data technologies are evolving rapidly, but most have been adopted in piecemeal fashion. As a result, enterprise data is vastly underutilized. Data ecosystems are complex and littered with data silos, limiting the value that organizations can get out of their own data by making it difficult to access. To truly unlock that value, companies must start treating data more as a supply chain, enabling it to flow easily and usefully through the entire organization—and eventually throughout each company’s ecosystem of partners too.
2014
Accenture Technology Vision 2014
Accenture
Harnessing hyperscale: Hardware is back (and never really went away)
Eclipsed by more than a decade of innovation in software, the hardware world is again a hotbed of new development as demand soars for bigger, faster, lower-cost data centers. Does your IT organization understand the new developments allowing companies to realize the benefits of “hyperscale” systems? In this new world, hardware matters more than ever in transforming enterprises into digital businesses with access to unlimited computing power that can be turned on and off as needed.
2014
Accenture Technology Vision 2014
Accenture
Harnessing hyperscale: Hardware is back (and never really went away)
Eclipsed by more than a decade of innovation in software, the hardware world is again a hotbed of new development as demand soars for bigger, faster, lower-cost data centers. Does your IT organization understand the new developments allowing companies to realize the benefits of “hyperscale” systems? In this new world, hardware matters more than ever in transforming enterprises into digital businesses with access to unlimited computing power that can be turned on and off as needed.
2014
Accenture Technology Vision 2014
Accenture
The business of applications: Software as a core competency in a digital world
The way we build software is changing. Mimicking the shift in the consumer world, organizations are rapidly moving from enterprise applications to apps. Yes, there will always be big, complex enterprise software systems to support large organizations, and it will still be necessary for IT developers to keep customizing those systems, providing updates, patches, and more. But now, as large enterprises push for greater IT agility, there is a sharp shift toward simpler, more modular, and more custom apps. The implications are significant for IT leaders and business leaders alike: they must soon decide not just who plays what application development role in their new digital organizations but also how to transform the nature of application development itself.
2014
Accenture Technology Vision 2014
Accenture
Architecting resilience: “Built to survive failure” becomes the mantra of the nonstop business
In the digital era, businesses must support wide-ranging demands for nonstop processes, services, and systems. This has particular resonance in the office of the CIO, where the need for “always-on” IT infrastructure, security, and resilient practices can mean the difference between business as usual and erosion of brand value. The upshot: IT must adopt a new mindset to ensure that systems are dynamic, accessible, and continuous—not just designed to spec but designed for resilience under failure and attack.
2014
Accenture Technology Vision 2014
Accenture
Body-adapted Wearable Electronics
From Google Glass to the Fitbit wristband, wearable technology has generated significant attention over the past year, with most existing devices helping people to better understand their personal health and fitness by monitoring exercise, heart rate, sleep patterns, and so on. The sector is shifting beyond external wearables like wristbands or clip-on devices to “body-adapted” electronics that further push the ever-shifting boundary between humans and technology.The new generation of wearables is designed to adapt to the human body’s shape at the place of deployment. These wearables are typically tiny, packed with a wide range of sensors and a feedback system, and camouflaged to make their use less intrusive and more socially acceptable. These virtually invisible devices include earbuds that monitor heart rate, sensors worn under clothes to track posture, a temporary tattoo that tracks health vitals and haptic shoe soles that communicate GPS directions through vibration alerts felt by the feet. The applications are many and varied: haptic shoes are currently proposed for helping blind people navigate, while Google Glass has already been worn by oncologists to assist in surgery via medical records and other visual information accessed by voice commands.Technology analysts consider that success factors for wearable products include device size, non-invasiveness, and the ability to measure multiple parameters and provide real-time feedback that improves user behaviour. However, increased uptake also depends on social acceptability as regards privacy. For example, concerns have been raised about wearable devices that use cameras for facial recognition and memory assistance. Assuming these challenges can be managed, analysts project hundreds of millions of devices in use by 2016.
2014
Top 10 emerging technologies for 2014
World Economic Forum (WEF)