New research from Accenture gives clients a tool to help them derive maximum value from the adoption of digital technologies and power profitable growth.
The research — titled “Delivering Digital Dividends: How to Start Making Your Technology Investments Really Pay Off” — identifies the key external factors that organizations need to address to maximize gains from digital technologies they adopt.
The research builds on Accenture’s “Combine and Conquer” report from last year, which identified the best combinations of digital technologies to drive maximum business impact. “Combine and Conquer” calculated that companies that implemented those technologies effectively could boost their market capitalization by 28 percent, on average.
The goal of the new research, “Delivering Digital Dividends,” is to help clients realize such gains by becoming what Accenture refers to as “Industry X.0” businesses — organizations that combine digital technologies to drive exceptional efficiency gains; create new, hyper-personalized experiences; and enable new business models to drive both top- and bottom-line growth.
While “Delivering Digital Dividends” focuses initially on five technologies found to be widely relevant and applicable across industries — artificial intelligence (AI), augmented/virtual reality, big data, blockchain and robotics — it can be applied to a variety of other digital technologies, including mobile computing, 3D printing and digital twin, among others.
The research identifies five broad areas related to technology implementation, referred to as “value-triggers,” along with a series of sub-elements for each trigger. The five value-triggers are:
· Value Potential. Focuses on the potential costs savings and gains in market cap value that the technology can deliver.
· Talent Readiness. Looks at both the existing workforce — in terms of the availability of talent and skills required for development, integration and maintenance of the technology — as well as the current demand and supply for talent with the specific technology skillset.
· Capital Adequacy. Considers the growth in venture capital investment, as well as the number of mergers and acquisitions related to the technology over the past three to five years.
· Ecosystem Maturity. Analyzes the availability of widely accepted standards and protocols for the technology; efforts made to address interoperability challenges; the number of consortiums (academic and industry-specific) formed to advance the technology; and the number of start-ups focused on advancing the technology.
· Adoption Intensity. Considers a variety of sub-elements: the number of use case applications built using the technology; the number of use cases that have made it to commercial deployment; the estimated growth in technology spend; the number of companies investing in and/or developing the technology or related offerings; and C-suite perception of the technology’s ability to improve efficiencies and deliver new experiences.
The value-triggers form the core of the Accenture Digital Dividends Diagnostic, a tool that measures the advancement of the technology against each of the value-trigger sub-elements on a scale of one to five; the smaller the number, the lower the advancement of that technology in the context of the particular sub-element of the value trigger. The value-trigger scores can be assessed for specific industries, enabling an enterprise to take necessary measures toward bridging value-gaps in the context of technologies adopted. For instance, a company adopting a technology with a low ‘Talent Readiness’ score can start investing to either build the necessary talent pool within its organization or tap ecosystems to acquire the talent.
“As organizations progressively move towards adopting Industry X.0 technologies, there is a need to focus on maximizing value and driving new efficiency,” said Raghu Gullapalli, Managing Director - Industrial, Asia Pacific, Africa, Middle East & Turkey (AAPAC), Accenture. “Our new research provides a structured framework in the form of Digital Dividends Diagnostic tool to bridge value-gaps while embarking on the digital transformation journey."
The report notes that disregarding even a single value-trigger can be costly. For instance, the research found that companies that managed the ecosystem value-trigger particularly well — known as “ecosystem engagers” — achieved cost reductions per employee that were 2.4 percentage points greater, on average, than those of other companies. For the three years between 2013 and 2016, this translates to cost savings of US$844 million for the ecosystem engagers, on average.
Aidan Quilligan, a managing director at Accenture and global lead of its Industry X.0 practice, said, “Executives don't have to understand all the ins and outs of a technology to get the most value from it, but they must understand the broader business landscape around the technology. While there are many excellent frameworks for assessing the internal digitization readiness of a company, until now you were on your own if you wanted to run an assessment of the external factors that might influence your digital transformation. Our Digital Dividends Diagnostic now makes this possible, providing a framework to help you get maximum value from digital technologies."
Juniper Networks, an industry leader in automated, scalable and secure networks, and Nutanix, a leader in enterprise cloud computing, today announced new initiatives under their existing partnership designed to simplify enterprises’ journey to multicloud architectures, making network and security act as seamless partners with compute and storage. As enterprises transition to multicloud environments, they need simplified and automated network management, as well as integrated and agile security. To enable this, Juniper Networks and Nutanix are deepening their collaboration in an effort to provide seamless integration between virtual and physical networks that is vital to a multicloud future.
The goal is for Juniper’s Contrail Enterprise Multicloud to integrate with Nutanix APIs to provide enhanced network visibility for virtualized workloads, ultimately facilitating automated fabric management. Additionally, Juniper’s Unified Cybersecurity Platform together with Nutanix’s software-defined networking offering, Flow, and AHV hypervisor, intends to secure applications with microsegmentation in enterprise cloud, as well as provide a hardened security posture that prevents lateral propagation of threats. Enterprises will be able to deploy the vSRX integrated virtual firewall in their Nutanix environment, extending the same capability across multicloud architectures with a single point of control using vSRX on-premises and in AWS, Microsoft Azure and Google Cloud Platform.
Working with Nutanix, Juniper will provide:
An operationally simplified and scalable network fabric based on Juniper’s QFX switches for Nutanix Enterprise Cloud users through the integration of Contrail Enterprise Multicloud with Nutanix’s APIs.
Enhanced microsegmentation in enterprises’ cloud architecture, creating a hardened security posture that prevents lateral propagation of threats by allowing enterprises to take advantage of the functionality of both Nutanix Flow and Juniper vSRX.
With Juniper’s Contrail Enterprise Multicloud and Nutanix’s Enterprise Cloud, enterprises will be able to seamlessly build, connect, secure and operate multicloud architectures.
Supporting Quotes
“As enterprises race toward multicloud, they are burdened with complexities that arise during each stage of the journey. By integrating Contrail Enterprise Multicloud and Juniper’s Unified Cybersecurity Platform with Nutanix’s Enterprise Cloud, we are delivering an end-to-end secure and automated multicloud environment spanning compute, storage and networking for our customers.”
-Bikash Koley, Chief Technology Officer, Juniper Networks
“The future of enterprise infrastructure is multi-cloud - that’s no longer up for debate. Networking shouldn’t be the complex burden holding companies back from this transition, and that’s why we’re so committed to working with our partners like Juniper to offer our joint customers seamless, secure networking fit for the multi-cloud world.”
- Raja Mukhopadhyay, VP of Product Management, Nutanix
“We have separately used both Juniper and Nutanix technology as components of Expedient’s Enterprise Cloud and Disaster Recovery solutions. This collaboration further enables multi-cloud adoption for customers with applications operating on diverse infrastructure. From our perspective, this partnership further validates our vision of having a single security perimeter to protect workloads across clouds.”
-John White, Vice President, Product Strategy, Expedient
ACT Fibernet (Atria Convergence Technologies Ltd.) India’s largest fiber-focused wired broadband ISP (Internet Service Provider)[i], in association with the Government of Tamil Nadu connected 300 schools with high speed broadband connectivity in Chennai and Coimbatore. With this initiative, ACT Fibernet aims to meet the emerging need for digital education, help students to empower themselves by acquiring, absorbing and retaining the benefits of digital learning.
Digital literacy is the need of the hour and is one of the most potent tool for empowerment of any society. The students will help bring transformation and enable to accomplish the government’s vision of making India a complete digitally powered nation.
Commenting on the initiative, Sengottaiyan K.A, Minister for School Education in Tamil Nadu said, “ACT Fibernet is one of the most trusted internet service provider and is known for its pioneering technology. We are extremely happy that, ACT Fibernet is investing over INR 3 Cr to extend its high-speed broadband connectivity to our government schools in Chennai & Coimbatore. This will certainly benefit our students, help them enhance their knowledge and open new opportunities.”
Speaking on the association, Sandeep Gupta, COO, ACT Fibernet said, “We strongly believe that knowledge is the key to transformation, and it is indeed a moment of pride that the Government of Tamil Nadu gave us the opportunity to digitally empower the students in the state. This initiative will benefit thousands of students and help them enrich the present-day advancements of learning, seeking information around the globe, learning beyond the prescribed syllabus and adding additional knowledge to develop them into future instructors.”
Connecting the community to the virtual world through internet is imperative for the people to grow, develop and sustain in the community. With the government’s constant and fervent efforts to digitally educate citizens, Government’s National Digital Literacy Mission will further receive support through initiatives such as ACT Fibernet’s and its contribution to the country’s digital growth.
Larsen & Toubro Infotech Ltd., a global technology consulting and digital solutions company, in alliance with USA-based PTC Inc., has unveiled a state-of-the-art Center of Excellence (CoE) in Bengaluru, focused on Internet of Things (IoT)-based innovations. The CoE will focus specifically on Industry 4.0 solutions in Manufacturing and Oil & Gas sectors.
LTI will leverage the CoE to design, build and showcase solutions for smart, connected enterprises, from proof-of-concept to industrialized deployments. The CoE will showcase the possibilities of transformative technologies to global customers, featuring Industrial IoT solutions developed on PTC’s ThingWorxâ platform. LTI plans to deploy reusable IoT assets from its real-world experience in implementing enterprise-scale digital transformation solutions for global customers like L&T Construction and other global industrial manufacturing enterprises.
A unique feature of the CoE will be the use of real-time data from multiple facilities in use at LTI’s campus, thereby providing rich, real-life data beyond what’s usually available in a simulated environment. These include:
- Asset Performance Management capabilities shown using data from generators in use on campus, demonstrating condition-based monitoring
- Connected Elevator solutions shown using data derived from the elevators in use on campus
- Smart transport solutions used to track & monitor performance of lawn mowers on campus
- Additional information inputs will help showcase other capabilities, such as those for solutions that supply & sort products on a conveyor
AR/VR technology will also be demonstrated to show how those technologies can be used to contextualize digital information in the physical world and enable seamless interaction with users.
Sudhir Chaturvedi, President Sales, and Executive Board Member, LTI, said “The convergence of the physical and digital worlds is resulting in exciting business opportunities and LTI aims to maximize returns from these. Our collaboration with PTC offers enterprises pursuing Industry 4.0 transformation the chance to gain privileged access to hi-tech innovations to help them accelerate their digital adoption journey.”
Michael DiTullio, EVP, Sales and Marketing, PTC, said “Companies are investing significant resources to transform their businesses – having clear direction and the right technologies is critical for success. We are pleased to partner with LTI on this CoE to help accelerate these transformations and help companies achieve value through connected products more quickly.”
ThingWorx is a leading industrial IoT platform purpose-built for driving industrial innovation. With rapid development tools and support for on-premise or cloud deployments, ThingWorx is the preferred IoT choice for companies serious about industrial innovation.
Netmagic, a wholly-owned subsidiary of NTT Communications (NTT Com), and among India’s leading Managed Hosting and Multi-Cloud Hybrid IT solution provider, today announced that it is now an Advanced Consulting Partner inthe Amazon Web Services (AWS) Partner Network (APN). APN Consulting Partners are professional services firms that help customers design, architect, build, migrate and manage cloud solutions built on AWS.
NTT Com-Netmagic meets the thorough requirements of the APN Advanced Consulting Partner tier with its AWS expertise, capabilities and engagement within the AWS Partner community. With thispartnership,NTT Com-Netmagic gets access to training and certifications for conducting Proof of Concepts for customers. This further enables the Company to enhance the experience for their customers, by providing them an opportunity to experience a new approach to access control for apps, endpoints and infrastructure.
“NTT Com India-Netmagic’s investment in strengthening its expertise in AWS services is a progressive move from the company and its leaders. It gives their customers the ability to confidently explore the benefits of moving to a cloud, and continue to work through a trusted provider across all facets of the transition whether it’s from a hybrid or on-premises architecture,” said Navdeep Manaktala, Head of Business Development, Amazon Internet Services Private Limited.
“We are extremely pleased to be recognized as an Advanced Consulting Partner in the APN. This achievement is a reflection of NTT Com-Netmagic’s continued effort to help our clients not only migrate to AWS, but to continuously optimize their usage. Our collaboration with AWS also enables our customers with differentiated flexibility to leverage our award-winning managed security services on AWS platform,” said Nitin Mishra, Senior Vice President and Chief Product Officer, Netmagic (An NTT Communications Company).
As an Advanced Consulting Partner, NTT Com-Netmagic is in a stronger position to continue helping organizations in their cloud journey, from strategy and design, to implementation and management of their hybrid architecture under NTT Com-Netmagic’s unique onshore/nearshore managed services model.NTT Com-Netmagic’s clients are consistently benefit from its very own cloud expertise. These benefits include significant infrastructure cost savings, strong security management, and increased focus of their IT teams on strategic business activities.
Following an efficacious launch of new CAMON AI series consisting of 4 smartphones early this month, TECNO Mobile, a premium smartphone brand from TRANSSION India, today unveils its striking TV ad campaign for festive season. The TVC is part of the overall 360-degree campaign for 4-weeks starting 10th Oct until 11th Nov’18.
The ‘HarSuratKhoobsurat’ campaign for TECNO new range of camera-centric smartphones is based on the philosophy that India is blessed with beauty all around and it’s not just scenic, this beauty lies amongst us all. It can be seen on every face we come across. And it deserves to be captured, even more beautifully. It also truly compliments what the new TECNO CAMON AI series has to offer through its superb Best Anylight AI camera smartphones that aims at clicking exceptional pictures in any light condition.
Talking about the new campaign Gaurav Tikoo, CMO, TRANSSION India said, “Har Surat Khoobsurat is not only a campaign for us but it is a philosophy that we truly believe in. We at TECNO are committed to delivering best camera and selfie experience across key price segments. And this festive season our new TECNO CAMON AI range of smartphones aims at celebrating beauty of every Indian and empowering them to pose proudly in any light condition. Through this campaign we want to better connect with them and revolutionise the Best Anylight photography experience. And to perfectly sum this idea up we rehashed the evergreen hit by Bombay Vikings, Kya Surat hai in our TV commercial. It highlights the khoobsurat features of the powerful CAMON AI smartphones that capture the beautiful moments with great perfection.”
The brand has taken an aggressive approach of rolling out #TECNOHarSuratKhoobsurat festive campaign across multiple mediums ranging from TV, digital, social, radio, on-ground & retail. The 4-week TV campaign will be available across national and regional channels. The campaign will be further amplified on Social and digital platforms. To help consumers get a first-hand experience of the “Best Any Light” camera smartphones the brand will carry more than 3000+ on-ground activities covering 1200 cities enabling direct engagement with our Consumers & Retail partners.
Early this month, the brand announced the new range of TECNO CAMON AI series consist of 4 smartphones – CAMON iAir2+ priced @8999, CAMON i2 @10499, CAMON i2X @12499 & CAMON iCLICK2 @ 13499. The range flaunts many features which will change the game in the sub 14K segment such as 6.2” HD+ screen, 19:9 Super Full View notch display, 24MP AI selfie, 13+5MP Dual rear AI camera, Dual SIM, Dual VoLTE (4G+4G), 3750mAh and AI Face Unlock.
An alumnus of INSEAD, France, Sanjeeb Kalita joins Innoviti as Chief Revenue Officer. He brings over 22 years of diverse experience of Sales & BD, Large Scale Operations Management and building businesses across sectors like FinTech, IT & Telecom.
Sanjeeb till recently was the Chief Revenue Officer at Ezetap where he led the company’s international expansion, built partnerships and alliances, and was responsible for sales and revenue.
Sanjeeb was previously associated with Bharti Airtel as Vice President and Chief Service Officer.
Sanjeeb Kalita’s induction is in line with Innoviti’s aggressive plans for scaling up of its business operations post the latest fund raise of US$ 18 million in a Series B funding round led by the Singapore-based SBI FMO Emerging Asia Financial Sector Fund (the ‘SBI-FMO Fund’ jointly setup by SBI Holdings Group of Japan and FMO of Netherlands), Bessemer Venture Partners and existing investor Catamaran.
Utilizing the Series B Innoviti has rapidly expanded its customer base, doubling the volume processed and revenue over the past twelve months. Currently, Innoviti’s uniPAY NEXT platform processes over US$ 4 Bn of annual transaction volume across over 1.25 lac POS terminals at over 800 cities in India. Through its latest #LookAhead Transaction-routing technology which uses a Rules-based architecture to dynamically search for the acquiring network with optimal cost – cum-reliability combination for each transaction, the company has today increased transaction reliability to upwards of 96%, where the industry average stands at 82%.
Sanjeeb’s appointment reaffirms Innoviti’s commitment to rapidly scaling up by providing a world-class payments platform to Indian merchants.
In a recent top-deck appointment, Innoviti Payment Solutions, a leading payments solutions provider has roped in Sanjeeb Kalita, erstwhile Chief Revenue Officer of Ezetap as its new Chief Revenue Officer. The appointment is a part of Innoviti’s aggressive growth plans for scaling up its flagship solutions – uniPAY NEXT and smelending.com – post its recent US$ 18 million fund raise in July 2017.
An alumnus of INSEAD, France, Sanjeeb is an experienced FinTech professional with deep understanding of banking and technology. Prior to FinTech, Sanjeeb has worked as Vice President & Chief Service Officer at Bharti Airtel.
Speaking on the appointment, Amrita Malik, Co-founder and CBO, Innoviti Payment Solutions said, “We are delighted to have an experienced FinTech Business Leader on-board to further accelerate our rapid growth. His rich and diverse experience will help us further enhance the strong customer orientation that we are known for.”
“Innoviti is already a leader in several payment segments in India. I’m excited to be a part of this journey at a juncture when the company’s strong market position and differentiated multi-sided platform can be monetized further for rapid growth with both merchants and partners. I look forward to working with Innoviti’s highly experienced team to drive the company’s ambitious vision and aggressive growth plans” – said Sanjeeb Kalita.
