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Scaling innovation is critical for digital transformation success

Standout industrial companies have found highly effective ways to scale their digital innovation efforts, resulting in much higher returns on digital investment.

These “Champions” consistently scale more of their proofs of concepts (PoCs) and achieve higher-than-average returns on their efforts compared to their peers.

For the new Industry X.0 research, which was unveiled at Hannover Messe in Germany, Accenture surveyed 1,350 senior and C-suite executives from industrial businesses across 13 industries, representing both discrete and process manufacturing.

The key finding: while all companies surveyed were investing to scale their innovation efforts beyond the PoC stage, only a small group of them — the 22 percent Champions — reached expected earnings.

“Scaling innovation is critical for digital transformation success, but clearly presents a challenge for many organizations,” said Mike Sutcliff, group chief executive of Accenture Digital.

>> Read : Scaling innovation is critical for digital transformation success, but clearly presents a challenge

Source : Help Net Security

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