Driverless cars navigating city streets. Drones delivering packages directly to customer doorsteps. Genetically engineered immune cells saving the lives of cancer patients. New industries built on emerging technologies seem to be born virtually overnight, and the transformative opportunities offered by digital technology are limited only by the human imagination. It doesn’t matter if an organization has a commercial or a social mission – or if it’s in a sector typically associated with cutting edge innovation; in today’s economy, every organization must, at some level, be a technology company.
As the pace of innovation continues to increase, the impact of digital technology on business is front and center for us at PwC. Leaders are hard-pressed to make sense of the technologies that have the ability to either disrupt or empower their industries. To stay relevant, companies need a comprehensive business and technology strategy that moves at the speed of the digital age and embraces disruption of traditional models.
In our most recent CEO survey, chief executives picked technology as the number one trend that will transform their businesses over the next five years. To help our clients make the most of these opportunities, PwC analyzed more than 150 technologies and picked eight that truly stand out as transformational, from 3D printing to computer-generated simulations that allow realistic viewer interactions. Forward-looking companies will turn these technologies into a strategic advantage. Focusing on them isn’t just a “nice-to-have” but a “must” for future survival. Through our strategic alliance with GE Digital, for example, we help organizations harness the power of the “Industrial Internet,” which brings together intelligent machines, advanced analytics, and people. Whether engaging at the strategic or operational level, PwC helps organizations create Industrial Internet solutions – based on the intersection of business, technology, and experience – to help drive better business outcomes. At the same time, we’re making sure PwC stays ahead of the curve by using technology in everything we do at our firm.
By 2020, the world will have more than 50 billion connected devices, or more than 6 per person.1
61% of global executives and 78% of US executives are concerned about the speed of technological change in their industries.2
80% of CEOs say that mobile technologies and data analytics are key strands of their strategy.3 Future employees will need to be prepared to respond.
Read about our other imperatives
Although innovation is at the top of everyone’s agendas, innovating effectively and at scale can prove challenging.
Enormous amounts of data are at organizations’ fingertips. We help clients discover the value of their data and create trust in it.
For PwC, building trust in society and solving important problems is at the heart of who we are.