1、Accenture China Digital Transformation Index 2023Reinvent for GrowthContentsNew challenges:Disruption is the new normalNew landscape:Reinvention re-writes the rulesNew journey:Five capabilities for successCharting a path to become a ReinventorMethodologyReferencesAbout the research 3101926272829New

2、challenges:Disruption is the new normalAccenture China Digital Transformation Index 20233 Reinvent for GrowthThe global macroeconomic environment has become increasingly uncertain and complex,driven by a variety of intertwined forces including political sensitivities,weakened economic growth,and hig

3、h global inflation in 2023.Between 2017 and 2022,Accentures Global Disruption Index(GDI)score tripled over the previous five years,rising from 30 to 89 out of 100(see Figure 1).This increase is especially significant when compared to the mere 4%rise seen from 2011 to 2016.Companies now face a perman

4、ent state of change at an unprecedented pace.In particular,technology,consumer preferences and climate change are driving massive structural shifts in how the world operates.The Macro Disruption,disruption,disruptionFigure 1:A convergence of forces is increasing disruptionOverall level of disruption

5、Accenture Global Disruption IndexSix sub-componentsNote:The GDI is calculated by averaging six sub-components,including economic,social,geopolitical,climate,consumer,and technological disruption.Each sub-component is based on a set of indicators,and a higher score reflects a greater degree of change

6、 and volatility.Source:Accenture Global Disruption Index(GDI)100302017202289Economic20172022ClimateSocialGeopolitical201720222017202220172022Consumer20172022Technological20172022+200%Accenture China Digital Transformation Index 20234 Reinvent for GrowthPercentage of companies mentioning acceleration

7、-related terms in global earnings calls(%,Q1 2019Q1 2023)2020 Q1：COVID-19 pandemic 2022 Q1：Russia-Ukraine conflict100%90%80%70%20192020202120222023Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q1Q4Q3Q2The increasing uncertainty of the global business landscape presents new challenges to companies worldwide.In recent ye

8、ars,the speed of transformation has rapidly increased,frequently appearing in discussions within the global business community.Based on a natural language processing(NLP)analysis of the earnings conference calls of nearly 2,000 of the worlds largest companies by market capitalization,Accenture found

9、 that approximately 80%of these companies consistently mentioned acceleration-related terms between the first quarter of 2019 to that of 2023.This trend becomes even more prominent during times of external uncertainties.For example,there was a noticeable increase in the percentage of companies menti

10、oning acceleration-related terms in their earnings meetings during Q1 2020,when the global spread of the COVID-19 pandemic began,and in Q1 2022,when the Russia-Ukraine conflict broke out(see Figure 2).As the speed,breadth and scale of change rapidly increases,companies transformation is being accele

11、rated globallyFigure 2:Accelerated transformation is already underway in leading companies worldwide Note:NLP analysis was used to count the number of mentions of acceleration-related terms in the earnings calls of nearly 2,000 of the worlds largest companies by market capitalization for the period

12、from Q1 2019 to Q1 2023,as well as the number of companies mentioned in the calls.Related terms include Accelerate,Fast,Agile and Speed.Source:S&P earnings conference call database(N=1,968),Accenture ResearchAccenture China Digital Transformation Index 20235 Reinvent for Growth79%67%46%42%39%39%38%3

13、6%34%Pace of technology innovationShifting consumer preferencesClimate change/regulationHigh energy pricesInflationarypressuresGeopolitical tensionSupply chain disruptionTalent shortagesEconomic slowdownVarious external factors are driving businesses to accelerate their transformation.According to A

14、ccentures Total Enterprise Reinvention CxO survey,these factors include the pace of technology innovation,shifting consumer preferences,climate change,supply chain disruption and talent shortages.These factors are pushing companies to reinvent themselves faster than before(see Figure 3).The ability

15、to quickly respond to challenges and convert them into opportunities has become a crucial competitive imperative for global companies.Figure 3:Acceleration is driven by various external forces%of respondents saying the force has accelerated their transformationSource:Accenture Total Enterprise Reinv

16、ention CxO survey(N=1516,November 2022)Accenture China Digital Transformation Index 20236 Reinvent for GrowthGDP growth rate during the pandemic was lower than the bottom line of Chinas growth target for 2035 at a CAGR of 4.73%.From January to June 2023,the total profits of industrial enterprises ab

17、ove designated size went down by year-on-yearin the worldThe Global Supply Chain Pressure Index(GSCPI)has experienced unprecedented fluctuations during the pandemic,leading to a gradual strengthening ofThe growth rate of Chinas cybersecurity market continues to lead globally,with an estimated compou

18、nd annual growth rate(CAGR)of 18.8%from 2021 to 2026,ranking A World Economic Forum report predicts that According to the World Economic Forum,by 2030 the transition to a nature-positive economy in China alone is expected to addof skills required by the workforce in China are expected to change till

19、 2027in annual business opportunitiesEconomic resilience falls short of expectationsEnterprises profitability is decliningRepeated pressure on global supply chainsNetwork security becomes a lifelineSkill stability will decrease Sustainability becomes the new playing fieldConsumption,investment and e

20、xports are all under pressure-16.8%RegionalizationFirst42%$1.9 trillionChinese companies are also experiencing accelerated transformation arising from factors such as a slowdown in economic growth,escalated geopolitical tensions,sustainability becoming the new normal,breakthrough technological innov

21、ations and cybersecurity issues.A closer look at China:Chinese enterprises are faced with multiple external pressures at onceSource:National Bureau of Statistics of China,IDC,Federal Reserve Bank of New York,World Economic Forum Accenture China Digital Transformation Index 20237 Reinvent for GrowthM

22、ay 2018-April 2019May 2022-April 2023Examples of topicsNumber of articlesNumber of articlesExamples of topicsArtificial intelligence,cloud computing,5GAutomation,digital marketingClimate change,carbon emissionsBusiness intelligence,business growth,innovation,investment strategiesLarge language model

23、,communication networks,artificial intelligence,virtual realityDigital solutions,application development,cyber security,data complianceData analytics,data connectivity,smart operations,infrastructure developmentEmissions reduction,natural resource management,green initiatives,renewable energyCulture

24、,job creation,skills matching,remote workingOverall strategyDigital infrastructure and frontier applicationsData intelligence Talent278422568236861334721Digital transformationFrontier technology Digital transformation SustainabilitySustainability14615958Adapting to changes in the external environmen

25、t,Chinese companies have evolved and deepened their definition of digital transformation.According to Accenture research,in the five-year period between 2019 and 2023,the number of Digital transformation is advancing to the next level:Depth,breadth and integrationarticles discussing digital transfor

26、mation in Chinese enterprises has grown by 12 times,a significant surge in the level of interest in this topic.Furthermore,the topics of discussion have expanded in both depth and breadth(see Figure 4).Figure 4:Digital transformation is progressingEvolution of the subject of digital transformation i

27、n mediaPeriod:May 2018-April 2019(12 months)v.s.May 2022-April 2023(12 months)Note:Generative AI extracts topics from Chinese and English articles on Chinas“Digitalization”from 752 DJ mainstream media outlets,clusters them by a clustering algorithm,and names the clusters according to the content of

28、the topics they contain.Source:DJ Factiva,Accenture ResearchAccenture China Digital Transformation Index 20238 Reinvent for GrowthMost importantly,Chinese companies recognize that digitization is not just a simple technological concept or choice,but rather a life-or-death strategy.Over the past five

29、 years,the discussion around digital transformation has shifted from localized single-point applications to a more systematic approach of construction and upgrading.Technology topics have continuously extended and deepened:on the one hand,Chinese companies are now placing great emphasis on data mini

30、ng,digital security,and data compliance;on the other,as they continue to advance and accumulate experience in technologies like artificial intelligence,5G and cloud computing,they are beginning to apply cutting-edge technologies to real-life scenarios,shifting from exploration to in-depth,customized

31、,and more flexible business applications.Moreover,the topic of sustainability in digital transformation has become much more prominent.Compared to five years ago when discussions mainly centered on unresolved environmental issues and compliance requirements for resource-based enterprises,the focus o

32、f discussions has shifted to sustainability as a new source of growth that enterprises are actively exploring.Managing and cultivating talent,as well as fostering a culture of change have also emerged as new topics under digitalization.Accenture China Digital Transformation Index 20239 Reinvent for

33、GrowthNew landscape:Reinvention re-writes the rulesAccenture China Digital Transformation Index 202310 Reinvent for GrowthTotal Enterprise Reinvention is a deliberate strategy that aims to set a new performance frontier for companies and in most cases,the industries in which they operate.Centered ar

34、ound a strong digital core,it helps drive growth and optimize operations.People,Culture and PurposeFinanceHumanResourcesLegalInformationTechnologySourcing&ProcurementSupply ChainEngineering&ManufacturingSustainabilityIndustry-specificFunctionsResearch&DevelopmentCorporateStrategyMergers&Acquisitions

35、New BusinessModelBusiness UnitsSalesMarketingServiceBuildDigital CoreAIOptimize OperationsAccelerate GrowthSecurityCloudPlatformsDataWhile uncertainty and change pose considerable challenges,they also present opportunities.Many enterprises are seizing the opportunity to step up their transformation

36、efforts and extend technology to a wider range of processes;over half(53%)of the Chinese enterprises we surveyed plan to double down on digitalization in 2023.Companies are starting to understand that the current state of uncertainty has led them to a critical point where they need to embark on a ne

37、w journey of digital transformation,with fresh challenges in the form of Total Enterprise Reinvention.Companies must re-evaluate their transformation strategies,take a holistic view to maximize the benefits of technology,and transform diversified challenges into multiple forms of value,reinventing t

38、he organization from a broader and deeper perspective.Source:AccentureAccenture China Digital Transformation Index 202311 Reinvent for GrowthThey are:Leading with ambition:aiming to set the new performance frontier not only for their own companies but the entire industry Powerful in action:turning t

39、heir digital core into a key competitive advantage,using it to drive reinvention across the organization Generating multidimensional value:delivering multiple forms of value,not just financial value,as captured in Accentures 360 Value Meterare moving to adopt a strategy of Total Enterprise Reinventi

40、on.2%ReinventorsAccording to Accentures China Digital Transformation Index 2023,2%of Chinese companies are moving to adopt a strategy of Total Enterprise Reinvention.These forward-thinking companies,or“Reinventors”,are ambitious in that they refuse to rest on their laurels but aim at setting new per

41、formance frontiers;they are powerful in action,reinventing businesses and functions with a strong digital core;and they champion multidimensional performance,working Only 2%of Chinese companies have begun their journey of reinventionhard to generate 360 value(see Figure 5).However,Chinese companies

42、are falling behind in the global race to reinvention.At the global level,8%of companies are Reinventors.In comparison,the percentage of Reinventors in North American and European companies is 8%and 6%,respectively.1 Figure 5:2%of Chinese companies have begun their journey of reinventionSource:Accent

43、ure China Digital Transformation CxO survey 2023,N=553Accenture China Digital Transformation Index 202312 Reinvent for GrowthBy embracing Total Enterprise Reinvention strategy,companies will become more cohesive and robust,outperforming their peers in both financial and 360 value.Global research has

44、 demonstrated that businesses that embrace Total Enterprise Reinvention have stronger financial performance.In fact,Reinventors report generating 10%higher incremental revenue growth and 13%higher cost-reduction improvements compared with the rest.Additionally,Reinventors report delivering 1.3 times

45、 financial value in the first six months than other companiesa reflection of the speed at which such companies execute and deliver increased value.Specifically,Reinventors achieved 11.4%of their target value,while others have achieved 8.9%in the same period.Total Enterprise Reinvention drives clear

46、and significant outcomes for ReinventorsThe value Reinventors generate is far more than financial,however,they are actively managing and achieving non-financial outcomes to create 360 value.Accentures global research indicates that 76%of organizations that pursue Total Enterprise Reinvention say set

47、ting non-financial targets is very important,compared with 30%of the others.2 Beyond the survey,Accentures analysis reveals that compared with industry peers,Reinventors perform 32%better on sustainability and 11%better on“net better off”outcomes for talent.3Accenture China Digital Transformation In

48、dex 202313 Reinvent for GrowthOver the past five years,Accenture has emphasized Chinese companies must rotate to the new and make a wise pivot to the second growth curve.In 2018,only 7%of companies surveyed were Champions.The past five years saw a ten-percentage point increase in the digitalization

49、of Chinese enterprises,indicating substantial progress.However,due to uncertainties in the macroeconomic environment,Chinese companies shifted their focus to operations and cost optimization in 2022.Innovation efforts were significantly dented,as reflected by a mere 1%increase in the percentage of C

50、hampions compared to 2021.It is projected that the share of Champions will further decrease to 9%in 2023.Reinvention opens up a new competitive landscapeand gives companies the opportunity to overtake their peersAmong the 9%of companies that qualify as Champions,only 1%have successfully evolved into

51、 Reinventors.Interestingly,half of the Reinventors are companies that are not even Champions,suggesting that Total Enterprise Reinvention is giving companies the opportunity to overtake their peers.Reinventors actively embrace the idea of Total Enterprise Reinvention,understanding the need to fully

52、transform not only their business but also the management of various functions within their organizations.They approach reinvention from a 360 value perspective,recognizing the importance in taking a long-term view(see Figure 6).Accenture China Digital Transformation Index 202314 Reinvent for Growth

53、Reinventors2%1%1%8%90%7%9%11%16%17%9%2018201920202021202220230%100%ChampionsOthersFigure 6:From Champions to Reinventors%of companies(2018-2023)Note:Champions are those companies that derived over 50%of their current revenues from business activities begun in the past three years.Source:Accenture Ch

54、ina Digital Transformation CxO survey 2023,N=553In the process of Total Enterprise Reinvention,digital transformation is confronted with new,demanding,and diversified challenges.The path to transformation is no longer a gradual smooth curve,and the rules of the game are also constantly evolving.Digi

55、tal transformation is neither a once-and-for-all project,nor a routine incremental upgrade.Companies that change their mindset early and prioritize Total Enterprise Reinvention will have the opportunity to leapfrog the competition,surpass their industry benchmarks and become the future winners.Accen

56、ture China Digital Transformation Index 202315 Reinvent for GrowthSet New Performance FrontierIntegrate across the EnterprisePowered by PeopleEmbed SustainabilityBuildDigitalCoreAccelerateGrowthOptimizeOperations01 Set the New Performance FrontierAccenture China Digital Transformation Index(Reinvent

57、ed version)03 Build Digital Core02-a Accelerate growth02-b Optimize operations02 Integrate across the Enterprise05 Powered by People04 Embed SustainabilitySet the new performance frontier,and develop your reinvention strategy Refine business portfolio continuously through incubation,partnerships,and

58、 M&A Prioritize customer-centric experiences and interaction Foster agile product&service innovation Establish a cloud-first infrastructure and optimize the relevant cloud platforms with a Contiuum Control Plane Build a strong data foundation and harness AI/GenAI tools for large language models Crea

59、te composable integration seamlessly across platforms and architectures Embed security disciplines that address the ever-increasing range of risks and threats Establish sustainability goals Promote sustainable business&products Achieve sustainable operations Build new leadership capabilities Empower

60、 your workforce through technology and upskilling Nurture a culture that embraces change and change management Orchestrate a boundaryless and ecological organization Leverage intelligent manufacturing and flexible supply chain Harness enterprise-level data to enable autonomous decision-making and re

61、sponseSince 2018,Accenture has been tracking the digital transformation journeys of Chinese companies through Digital Transformation Index Research.Over the last five years,Chinese enterprises have made impressive advancements,with digital transformation initiatives that have grown in terms of both

62、maturity and scale.Given the breadth and depth of digital transformation as it is now practiced in China,as well as emerging global trends,we enhanced this sixth consecutive edition of the Digital Transformation Index.Based on our enhanced definition of digital transformation,we have expanded the Ac

63、centures updated Digital Transformation Index defines five key capabilities for business reinventionoriginal list of digital capabilities,identified five key dimensions of business reinvention:namely,set the new performance frontier,integrate across the enterprise,build digital core,embed sustainabi

64、lity,and powered by people.China Digital Transformation Index(Reinvented version)assesses where each company is on its total enterprise reinvention journey.The Index has three levels,spanning five dimensions,18 business activities and 48 detailed metrics.The highest score attainable is“100”and the l

65、owest score is“0”.Accenture China Digital Transformation Index 202316 Reinvent for GrowthThere are four major changes in the new framework(see Figure 7):Grow the CoreTransform the CoreScale the NewSet New Performance FrontierIntegrate across the EnterprisePowered by PeopleEmbed SustainabilityBuildDi

66、gitalCoreAccelerateGrowthOptimizeOperationsDigital Transformation IndexDigital Transformation Index(Reinvented version)Continuous iteration of Digital Transformation Index1.The role of digital core has been highlighted and elevated to a top-level indicator in the framework2.Talent and sustainability

67、 are becoming clear sources of competitive advantage3.The scope of digital transformation is now broader and more exhaustive:reinvention must not only focus on new business creation but also expand into multi-dimensional change across the entire enterprise4.Pursuing the leading edge of current best

68、practices yields diminishing returns;enterprise reinvention need to be recalibrated to create a new performance frontierFigure 7:China Digital Transformation Index continues to evolveNotes:1)The previous Index was structured across four levels,covering three dimensions,six components,18 business act

69、ivities,52 detailed metrics.A companys overall,and dimension-level scores are an average of scores from next logical level down(e.g.,Dimension-level score is the average of the two components scores within it).A score of 100 represents the most advanced digital enterprise that can be foreseen in cur

70、rent.2)The Index(reinvented version)is structured across three levels,covering five dimensions,18 business activities and 48 detailed metrics.The Digital Transformation Index(Reinvented version)retains 26 metrics from the original Index,accounting for 54%of the number of metrics in the new framework

71、.Accenture China Digital Transformation Index 202317 Reinvent for GrowthAccenture China Digital Transformation Index(0-100)Total44434158394439High TechAutomotive&Industrial EquipmentConsumerGoodsNatural ResourcesUtilitiesRetailLife SciencesChemicals&Construction Materials64314401 Set New Performance

72、 Frontier02-a Accelerate Growth02-b Optimize Operations03 Build Digital Core04 Embed Sustainability05 Powered by PeopleAccentures China Digital Transformation Index evaluates the performance of Chinese companies.This year,the average score across all companies was 44.However,upon a closer look,it be

73、comes apparent that the reinvention capabilities are imbalanced,with an overemphasis on optimizing operations at the expense of other capabilities.On average,Chinese companies scored the highest on optimizing their operations,which received a score of 58 out of 100(see Figure 8).In particular,Chines

74、e companies have emphasized the digital integration of business and financial systems as well as tracking information throughout the product life cycle.However,Chinese companies have Chinese companies outperform on operations but have room to build their digital core and develop their talentnot yet

75、established a significant advantage in building a digital core and being powered by people,as their scores in these dimensions are below 40.At the industry level,companies performed broadly in alignment with the overall sample.All industries excelled at optimizing their operations.However,each indus

76、try had unique strengths and weaknesses across the five key capabilities required for reinvention.Currently,high-tech,automotive and industrial equipment industries lead the pack with the highest overall scores.These industries also stand out in terms of setting a new performance frontier.Figure 8:C

77、hinese companies have imbalanced capabilities and diverged industry journeyNote:Darker purple fills represent higher scores,while darker grey fills represent lower scores.Source:Accenture China Digital Transformation CxO survey 2023,N=553Accenture China Digital Transformation Index 202318 Reinvent f

78、or GrowthNew journey:Five capabilities for success In todays competitive landscape,companies must proactively confront challenges,establish the new performance frontier and embrace a culture of continuous reinvention.Through an in-depth analysis of Reinventors and interviews with industry experts,we

79、 have identified five initiatives for achieving successful reinvention.Accenture China Digital Transformation Index 202319 Reinvent for GrowthLenovo:Focusing on technology,business and talent,embracing total reinventionLenovo has integrated technology,business,and talent to embrace Total Enterprises

80、 Reinvention.Their Magellan platform provides accurate and timely data support for global management decisions.The global upgrade of the ERP system,along with the construction of a cloud platform,has served as pivotal factors in their reevaluation of global business processes and top-level architect

81、ure.The Group has innovatively adopted a“Global Resources+Local Delivery”model,leveraging AI,cloud platforms,big data analytics and other technologies to establish an intelligent supply chain platform to support its own operations as well as those of its partners.Importantly,Lenovo has linked the su

82、ccess of digital transformation to business revenue and customer growth metrics.Furthermore,Lenovo Group employs scientific calculation,continuous validation,iterative adjustments,and increased application of low-carbon technology to design a roadmap for achieving net-zero emissions.The Group promot

83、es the development of a green global supply chain through consensus-building,rigorous management control,and training empowerment.Accenture China Digital Transformation Index 202320 Reinvent for Growth01Set the new performance frontierWhy is it necessary to set a new performance frontier?Simply put,

84、the landscape for business innovation has undergone a profound shift.Digitalization has created new avenues for competition and ultimately changes the rules of the game.To remain competitive,companies must act quickly to respond with the right strategic choices that align with the new reality.Althou

85、gh current best practices have long been used to assess performance and guide digital transformation,they are likely to become outdated as the pace of innovation continues to accelerate.In contrast,Reinventors have sets their sights on achieving even greater success,striving not only to become globa

86、l leaders,but also to push their industries to new heights:they aim to define the new performance frontier.However,20%of Chinese companies have yet to set clear capability goals,and 66%limit their plans to their current market and competitors,benchmarking against the best practices in their industry

87、 rather than seeking to overtake them altogether.Only 14%Chinese companies set a new level of performance in their industries.Reinventors,on the other hand,are guided by a long-term approach,with a strategy that covers the entire business and considers all aspects of performance.69%of Chinese compan

88、ies utilize cost reduction as the primary criterion to assess the impact of reinvention.But reinventors also prioritize innovation and change,placing a strong emphasis on outcomes and the returns on innovation.They aim for enhanced industry leadership and resilience,in addition to improved market sh

89、are and optimized costs.Even in difficult times,Reinventors maintain their original intent,adjusting the tempo and pace of reinvention without losing sight of continuous evolution.In contrast,only 22%of Chinese enterprises implement an all-round reinvention and less than 28%of them recognize the ong

90、oing nature of digital transformation.As a leading Chinese automaker,SAIC aims to go beyond the confines of its industry and reinvent itself as an integrated provider of mobility products and services.SAIC is committed to developing its business in smart electric vehicles,with particular emphasis on

91、 software development,big data,artificial intelligence,cloud computing and cyber security.To attain this goal,it has mobilized over ten thousand developers,and has gradually evolved into an“all-rounder”in the new energy industry,with capabilities spanning the entire process from research and design

92、to engineering,manufacturing and supply chains.4 Accenture China Digital Transformation Index 202321 Reinvent for Growth02Integrate for enterprise-level changeAchieving the comprehensive scale of Total Enterprise Reinvention requires companies to break down the silos between people,processes,and dat

93、a.But Reinventors are not necessarily tearing everything down to start from zero.Instead,they strike a balance between change and continuity by leaning on synergistic integration.In contrast,many Chinese companies still have a linear mindset,according to the years survey,with 37%choosing to digitize

94、 one function at a time.43%of Chinese companies are just beginning to think about building cross-business and cross-functional connectivity,with manufacturing and IT leading the way.To ensure continuity and optimize operations,Reinventors connect internal and external people,processes,and data to cr

95、eate a boundaryless organization that enables autonomous decision-making and data-driven responses across the business.To embrace change and accelerate growth,Reinventors are building full value chain business planning to support continuous dynamic optimization and create synergies between front-end

96、 marketing,order fulfillment,supply chain,smart manufacturing,and R&D,to better meet customer needs.An illustration of this can be seen in the innovative operational and business system developed by fashion retailer SHEIN.Their system leverages digital technology to analyze both external data and in

97、ternal sales data to forecast upcoming fashion trends.The findings are then forwarded to the design team,who then share their insights with the follow-up teams involved in the production process.By capitalizing on the seamless flow of data throughout the company,SHEIN is able to efficiently execute

98、the entire product lifecyclefrom design to online saleswithin just three days.5 Accenture China Digital Transformation Index 202322 Reinvent for Growth03Strengthen the digital coreAccording to Accentures research,nearly 80%of companies believe that the rapid pace of technological innovation has acce

99、lerated the need to reshape organizational strategy.6 The technology landscape has undergone a transformation,evolving from individual,static components to interoperable modules.Reinventors are particularly adept at using technology as an engine to implement reinvention,moving from a static,isolated

100、 technology landscape to a multifaceted platform with high interoperability.Reinventors have built a cloud-based,high-performance computing environment,modernized their infrastructure,and designed it with automation,agility,and security in mind.Reinventors outperform other organizations in demand-ba

101、sed cloud optimization and flexible cloud resource deployment.46%of Chinese enterprises said they would invest in AI and automation in the next one to two years.Reinventors are far ahead,using AI to drive data management and rapid decision-making,using technology such as deep learning,knowledge grap

102、hs and NLP higher than other enterprises.At the same time,Reinventors pay attention to accumulating technical and data resources to develop personalized,interoperable,and flexible applications for specific business scenarios.In particular,through a holistic data approach and the use of technologies

103、such as digital twins,leading enterprises are unlocking business value from data,in turn inspiring them to build data platforms for many other industries.In the current uncertain environment,it has also become a top priority for enterprises to assess the risks of the markets in which they operate gl

104、obally,ensuring security compliance and building technological resilience.Mindray,a leading high-tech medical device developer and manufacturer in China,belongs to a highly regulated industry.To maintain its competitive edge,the company must stay abreast of regulations through digitalization and con

105、tinuously explore cutting-edge technologies.Furthermore,as Mindray expands its global reach,its digital platform must also evolve to meet changing demands.Therefore,the company has tailored its IT services and management for market differentiation and meet data security regulations in different coun

106、tries.In order to reduce cost and drive business value,Mindray has harnessed the power of its digital core across the entire organization,leveraging light assets with robust capabilities.Accenture China Digital Transformation Index 202323 Reinvent for Growth04Keep sustainability front and centerSust

107、ainability is the new digital.Sustainability can be both a disruptive force and enabler of innovation and growth.Rather than a cost of business,sustainability is now a driver of business development and is gradually becoming one of the most important sources of competitive advantage.According to a W

108、orld Economic Forum report,by 2030,Chinas transition to a“nature-positive economy”will generate$1.9 trillion in new business value.7 At the same time,sustainability also helps employers build their brands and attract talent.84%of Chinese young people expect to pursue a career in the field related to

109、 the sustainable economy in the next decade.8 Sustainability is no longer viewed as merely a cost,or a matter of corporate social responsibility,but rather as a fundamental commitment that some Chinese companies are making to integrate into all aspects of their business and operational reinvention.I

110、n particular,these companies are leveraging digital technologies for environmental and energy management to achieve their sustainability goals.As Chinese consumers become more environmentally conscious,companies should must tap into sustainable product and service innovation and leverage digital too

111、ls to make their entire product lifecycles more sustainable.Reinventors have a clear advantage in this area.To stay ahead of the competition,companies should also establish an ecosystem of green innovation to secure cutting-edge advantages for the future.For example,Freshippo has embedded digital te

112、chnology and sustainable development into its primary strategy.Starting from 2019,Freshippo initiated a new model of integrated agriculture,known as the“Freshippo Village”which promote the integrated development of the primary,secondary,and tertiary industries in rural areas.This model cuts across a

113、gricultural production,processing,and market service,integrating components along the entire value chain.Data serves as the core production element,guiding the production,processing,distribution,and sales of agricultural products.Employing digital technology,Freshippo maximizes the utilization of ag

114、ricultural products,significantly enhancing product value and facilitating the transition from primary to secondary production.Accenture China Digital Transformation Index 202324 Reinvent for Growth05Empower tomorrows workforceReinvention initiatives can quickly become empty words without a crucial

115、component:employee engagement.Reinventors know this and recognize that their employees are their greatest asset,making their talent strategy a core driver of reinvention.However,only 33%of Chinese companies agree,compared to the global level of 52%.9 Talent reinvention must occur at both the leaders

116、hip and employee levels.Reinventors build a leadership team capable of steering their reinvention efforts.Leaders foster a culture of change that is embraced throughout the organization,prioritize the employee experience and build a team of technologically empowered employees.Additionally,successful

117、 reinvention requires a shared mission that aligns each employees personal goals with the companys vision.On this front,it is notable that 50%of Chinese companies have not yet reached a broad consensus on reinvention within the organizations.Valuing employees as a key asset means empowering them wit

118、h the digital tools and skills to address future needs.Reinventors outperform other enterprises on human-machine collaboration,offering flexible talent mobility mechanisms and time for employees to acquire new skills.Shanghai Foreign Service(Group),for example,has actively implemented what they call

119、 a“Digital Foreign Service”.In this reinvention endeavor,senior executives lead the digitalization of the entire organization by establishing three IT pillarsManagement,Technology,and Product Solutionto advance digital transformation and unlock the digital potential of its workforce.They place empha

120、sis not only on the role of data in business and management,but also on organizing skill competitions to cultivate digital talent,turning key employees into pioneers of digital transformation.As a leader in Chinas human resources industry,Shanghai Foreign Service(Group)is committed to continuous inn

121、ovation in the digital era,constantly improving service quality and customer value.Accenture China Digital Transformation Index 202325 Reinvent for GrowthCharting a path to become a ReinventorAmbition and strategy Where are you today:are you a Reinventor?What are the areas that need improvement?Have

122、 you defined the performance frontier for your company,and how does it measure against the best in your industry and the best in other relevant industries?Are you matching the leaders or setting the new benchmark?Who is leading the transformation of your organization?Is your entire C-suite held acco

123、untable,as a primary metric,for the success of your current transformation programs,or is the business or function lead primarily accountable?Digital coreHow would you assess your digital core?What is its level of maturity and what are its known gaps?Is the ability to use technology investments to a

124、chieve sustainable development and other 360 value objectives and any negative impacts formally included in technology investment decisions?Do we have clear qualitative and quantitative metrics to evaluate the return on investment in digitization?Is there a consistent assessment approach for all pro

125、grams?TalentDo leaders have sufficient technology acumen to understand the art of the possible and what they can do to drive reinvention?Do you have existing change management capabilities to support your continuous transformation journey,or are you standing these up for each transformation project?

126、Do you have enough skilled talents in the organization?Are the employees skills aligned with the transformation goals and strategies for the present,next year,and the next three to five years?Transformation initiatives currently underwayAre the leaders of your current transformational initiatives ab

127、le to articulate the changes that will occur across the enterprise,and are they using metrics that take a cross-functional view?Are sustainability concepts part of the companys long-term plans?Are they integrated into the business model and innovation process,leaving room for future expansion?Is the

128、 current rate of transformation sufficient to cope with external changes?Which transformation projects require external resources to speed up their implementation?How do you select partners to deliver outcomes faster and increase certainty of outcomes as well as how the partner fits into your talent

129、 strategy?In the next few years,companies will experience a shift in the strategic mindset towards Total Enterprise Reinvention.Here are four categories of questions to help shape a path forward.Accenture China Digital Transformation Index 202326 Reinvent for Growth13%13%14%13%13%13%12%9%Methodology

130、This study is Accentures sixth consecutive year conducting the China Digital Transformation Index research.We created an overall measure of disruption to assess the level of volatility and change in the external business environment.The index is based on the average of six sub-components,which cover

131、 the economic,social,geopolitical,environmental,consumer and technological spheres.Each of the sub-components is based on a set of indexed scores for a range of indicators.The economic component is based on economic risk ratings,Volatility Index(VIX),Gross Domestic Product(GDP)volatility and inflati

132、on volatility.Geopolitics is based on the risk of geopolitical instability.The social component reflects social unrest and non-participation in the labor market.The environmental component reflects the frequency of climate-related disasters and climate-driven risk.The consumer component reflects pes

133、simism at a global level,based on the inverse of the OECDs Consumer Confidence Index.Finally,the technological component is based on an index comprised of 24 indicators,which use the presence of disruptors and performance of incumbents as proxies for the level of disruptive innovation in industries.

134、Through survey and executive interviews,as well as financial and text analysis on publicly available data,a comprehensive evaluation was conducted on the digital transformation of Chinese enterprises.Survey data were collected from April 2023 to June 2023.Here is a sample by industry:01 Global Disru

135、ption Index02 SurveyHigh TechAuto&Industrial EquipmentConsumer GoodsRetailUtilitiesNatural ResourcesChemicals&Construction MaterialsLife SciencesAccenture China Digital Transformation Index 202327 Reinvent for GrowthReferences1.Accenture Total Enterprise Reinvention CxO Survey,Accenture Research,Nov

136、ember 20222.Accenture Total Enterprise Reinvention CxO Survey,Accenture Research,November 20223.Capital IQ,Glassdoor,Arabesque,S&P Global Database,Accenture Research Analysis4.SAIC Builds Strong Technological Base to Lead New Competition through New Intelligent Electric Vehicles,Jie Fang Daily,March

137、 20225.Learning Management from Midea and SHEIN,TheP,December 20216.Total Enterprise Reinvention,Accenture,January 20237.Seizing Business Opportunities in Chinas Transition Towards a Nature-positive Economy,World Economic Forum,January 20228.Youthquake Meets Green Economy,Accenture,May 20229.Accentu

138、re Total Enterprise Reinvention CxO Survey,Accenture,November 2022Accenture China Digital Transformation Index 202328 Reinvent for GrowthAbout the research This research is conducted in cooperation with China Industrial Control Systems Cyber Emergency Response Team(CIC).Greater China Lead,Accenture

139、ResearchSpecialist,Accenture ResearchAssociate Manager,Accenture ResearchManager,Accenture ResearchManager,Accenture ResearchSenior Principal,Accenture ResearchSenior Principal,Accenture ResearchSpecialist,Accenture ResearchManager,Marketing+Communications,Accenture Greater ChinaAccenture TeamSerena

140、 QiuHan SongShan HeFreda TongYa YuDaniel YangTaylor GuoJenna JiangAlice ZhangAcknowledgements(in alphabetical order)Kimi Cao,Catherine Chen,Xuyu Chen,Yaoyu Chen,Jingfang Cui,Allison Fan,Xiaopeng Fan,Xin Fan,Karen Fang Grant,Michal Hadrys,Robert Hah,Philip Han,Francis Hintermann,David Hua,Krish Jhave

141、ri,David Kimble,Herbert Lan,Dong Liang,Liwei Li,Sandy Lu,Yonghong Luo,Luyao Ma,Mofei Ni,Athena Peppes,Yongpan Qiu,Matthew Robinson,Philippe Roussiere,Guillaume Simon,Daisy Song,Rebecca Tan,Janet Tang,Daisy Wang,Gang Wang,Wenjuan Wang,Ling Wei,Felicity Wu,Dawei Yao,Xinran Yao,Teresa Ye,Yi Yu,Xun Zhan

142、g,Yixin ZhangDirector of Institute of Informatization,CICEngineer of Institute of Informatization,CICSenior engineer of Institute of Informatization,CICEngineer of Institute of Informatization,CICChina Industrial Control Systems Cyber Emergency Response Team(CIC)Dongyan MaDan WangYuhan FuQingyu Wang

143、Senior Managing Director,Chairperson and Market Unit Lead-Greater China,AccentureDeputy director,China Industrial Control Systems Cyber Emergency Response Team(CIC)Steering CommitteeSamantha ZhuXiaohong HeAccenture China Digital Transformation Index 202329 Reinvent for GrowthInteract with usWeChatLi

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147、lation of the Chinese version of Accenture China Digital Transformation Index 2023.The Chinese version shall prevail in case of any discrepancy.Copyright 2023 Accenture All rights reserved.About AccentureAccenture is a leading global professional services company that helps the worlds leading busine

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152、,Dalian,Chengdu,Guangzhou,Shenzhen,Hangzhou,Hong Kong,and Taipei.As a trusted Partner of Choice for digital transformation,Accenture is bringing more innovation to the business and technology ecosystems and helping Chinese enterprises and the government to embrace digitization and enhance global com

153、petitiveness to succeed in the new era.Visit us at .About China Industrial Control Systems Cyber Emergency Response TeamThe China Industrial Control Systems Cyber Emergency Response Team(CIC),operating under the Ministry of Industry and Information Technology,is dedicated to strategic research,indus

154、try development research,cyber security emergency monitoring,cyber security assessment,emergency response,and industrial development in the field of industry information security.Its primary mission is to promote technologies developing securely.With the vision of becoming Chinas premier research in

155、stitute in industry information security and the integration of informatization and industrialization(III),CIC aligns with the national strategy of promoting manufacturing and informatization.In order to support the government decision and to serve the industry development,CIC focuses on the converg

156、ence of manufacturing and the Internet,as well as industry information security.CIC strives to become a trusted think tank for government policymaking and an authoritative voice in guiding industry development.It provides policy support and security assessments to accelerate the high-quality develop

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