The acceleration of new IT is driving companies and governments to look for renewed business models to meet increased demands for efficiency, competitiveness, short-term agility, and long-term growth.
This is according to Accenture, which says a number of technologies are maturing due to the levels of access, cost, standards, openness, reliability and ease of use of both hardware and communication capabilities.
These have developed to the point at which software can be readily used to combine them, resulting in a powerful effect on business and social settings, the company adds.
Luis Ceniga Imaz, partner at Accenture's management consulting division in the Spain, Portugal, Africa and Israel region, points out that maturing technologies such as cloud computing, mobile communications, and collaborative computing will offer companies the 'hidden wiring' required to compete in a global business world - one in which emerging markets are challenging the traditional strengths of more mature economies.
He says the ecosystem in which businesses have traditionally operated has enlarged and become more complex as well as competitive, with more stakeholders and customers, spread across more geographic boundaries.
Businesses are now increasingly using a wide variety of newer technologies to meet their objectives, he adds. Advances in IT also allow companies to access the increasingly sophisticated workforces of the emerging world, meaning that ever more complex tasks can be carried out across virtual global networks.
“The new capabilities of IT have the potential to benefit the competitiveness of emerging-market multinationals,” Imaz points out.
“Using IT, they can leapfrog to create cheaper, more flexible business processes without the concerns of legacy IT that confront their developed-market counterparts, he concludes.
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