New Accenture Research Finds that Companies with AI-Led Processes Outperform Peers
October 09 2024 - 11:01PM
Business Wire
Investments in generative AI and automation
capabilities meet or exceed expected benefits
New research from Accenture (NYSE: ACN) found that three-in-four
(74%) organizations have seen investments in generative AI and
automation meet or exceed expectations, with 63% planning to
increase their efforts and further strengthen these capabilities by
2026.
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According to the report, “Reinventing
Enterprise Operations with Gen AI,” the number of companies that
have fully modernized, AI-led processes has nearly doubled from 9%
in 2023 to 16% in 2024. Compared to peers, these organizations
achieve 2.5x higher revenue growth, 2.4x greater productivity and
3.3x greater success at scaling generative AI use cases. (Photo:
Business Wire)
According to the report, “Reinventing Enterprise Operations with
Gen AI,” the number of companies that have fully modernized, AI-led
processes has nearly doubled from 9% in 2023 to 16% in 2024.
Compared to peers, these organizations achieve 2.5x higher revenue
growth, 2.4x greater productivity and 3.3x greater success at
scaling generative AI use cases.
Findings also assessed that these “reinvention-ready” companies
are moving faster and are amplifying the impact of generative AI
across the business. Enabled by a digital core, these organizations
have already developed generative AI use cases in IT (75%),
marketing (64%), customer service (59%), finance (58%), R&D
(34%) and other core functions.
While the research indicates that some companies have moved to
the highest level of operations maturity, nearly two thirds (64%)
still struggle to change the way they operate. For example, they
lag behind on building a robust data foundation: 61% report that
their data assets are not ready for generative AI yet and 70% find
it hard to scale projects that use proprietary data.
The deep dependency on people is often overlooked: 82% of
companies at the early stage of operations maturity have not
applied a talent reinvention strategy, planned to meet workforce
needs, or acquired new talent or training to prepare workers for
generative AI-led workflows. In fact, many executives (78%)
indicate that AI and generative AI are advancing too fast for their
organization’s training efforts to keep pace.
“Most executives understand the urgency of reinventing with
generative AI, but in many cases their enterprise operations are
not ready to support large scale transformation,” said Arundhati
Chakraborty, group chief executive of Accenture Operations.
“Generative AI is more than the technology. It is a driver of a
mindset change that impacts the entire enterprise. It requires
organizations to have a strong digital core, data strategy and a
well-defined roadmap to change the way they operate. Additionally,
an end-to-end perspective leveraging talent, leading practices and
effective collaboration between business and technology teams is
essential for intelligent operations.”
The report highlights four key actions business leaders should
take to advance their operations maturity:
- Implement a centralized data governance and domain-centric
approach to data modernization. Connect processes and tools
across functions to ensure people have a clear understanding of how
to create, handle and consume data, which should be structured in a
standardized way to be accessed by AI tools across the
business.
- Embrace a talent-first reinvention strategy. Reinvent
work and rethink processes and entire workflows to gain a clear
view of where generative AI can have the most impact in serving
customers, supporting people and achieving business outcomes.
- Ensure business and tech teams co-own reinvention.
Collaboration drives innovation as both teams jointly own how
assets, platforms and products are developed to leverage the full
capabilities of generative AI, enterprise wide.
- Adopt leading processes to drive business outcomes.
Apply cloud-based process mining to calibrate internal and external
benchmarks so it’s easier to visualize process gaps and get clear
insights into operational inefficiencies or opportunities for
improvement.
Explore the report in Accenture’s thought leadership app,
Foresight, and get a personalized feed of recent latest insights,
data, case studies and more at
http://www.accenture.com/foresight.
About the Research
For the report, “Reinventing Enterprise Operations with Gen AI,”
Accenture surveyed 2,000 executives across 12 countries and 15
industries. The latest research assessed the progression of
business operations maturity across four criteria:
Reinvention-ready, Insight-driven, Automated and Foundational —each
underpinned by more advanced ways of working with data, automation,
common AI and generative AI. The study then combined survey
responses with externally validated data across multiple dimensions
of value, including financial, experience, sustainability, talent,
inclusion and diversity, innovation and agility.
The revenue growth comparison was done by leveraging financial
performance data for companies in our survey (for companies with
available data and after performing appropriate data quality
assurance). For each intelligent operations group, Accenture looked
at overall revenue in a given fiscal year and, based on this
metric, calculated the group revenue growth ratio.
About Accenture
Accenture is a leading global professional services company that
helps the world’s leading organizations build their digital core,
optimize their operations, accelerate revenue growth and enhance
services—creating tangible value at speed and scale. We are a
talent- and innovation-led company with 774,000 people serving
clients in more than 120 countries. Technology is at the core of
change today, and we are one of the world’s leaders in helping
drive that change, with strong ecosystem relationships. We combine
our strength in technology and leadership in cloud, data and AI
with unmatched industry experience, functional expertise and global
delivery capability. Our broad range of services, solutions and
assets across Strategy & Consulting, Technology, Operations,
Industry X and Song, together with our culture of shared success
and commitment to creating 360° value, enable us to help our
clients reinvent and build trusted, lasting relationships. We
measure our success by the 360° value we create for our clients,
each other, our shareholders, partners and communities. Visit us at
www.accenture.com.
Copyright © 2024 Accenture. All rights reserved. Accenture and
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Samuela Marti Accenture +39 329 1595781
samuela.marti@accenture.com
Deepshikha Sinha Accenture +91 9599039276
deepshikha.a.sinha@accenture.com
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