Organisations urged to embrace digital transformation to tap into $100trn global digital value
Country Managing Director of Accenture, Nigeria Olaniyi Yusuf has told organisations to quickly embrace digital transformation in order to tap into the estimated $100 trillion value expected globally to be unlocked by business and society keying into digital process in the next 8 years.
Citing World Economic Forum/Accenture recent analysis, Yusuf who examined how to achieve operational excellence in a digital world said digital transformation by businesses will result in estimated 120 % increase in revenue per employee and three times productivity increase realized when technology is deployed.
The Accenture country managing director, who was represented by his senior manager, technical, Joe Ujoh, at the recent induction and unveiling of International Business Process Management summit and excellence awards coming up June next year said presently there are eight billion devices connected to the internet; and this number is expected to grow to 50 billion by 2020 and one trillion by 2030.
Today, the advent of technology and internet of things is re-shaping the way people look at business and it is has disrupted the way business is done.
In Nigeria, he said digital adoption has continued to soar, providing greater opportunities for business to consumer interactions. Presently, Nigeria population is about 190 population with median age of 17.8 years. Nigeria has the 8th largest number of internet users (63 million) in the world, up from 11th in 2012. 32% of Bank customers access their accounts using virtual channels, 23% from 2012. 67% of Nigerians with internet access, spend 1-3 hours on the internet daily. 40% of Nigerians with internet access are very active on social media. Yusuf said digital transformation provides job opportunity, customer segmentation and digital skills.
While inducting some members and fellows in to the Business Process Management Institute, the Vice chairman of the institute, Debo Adebayo explained why the institute is organisaing international summit next year. He said it is aimed at bringing practitioners and business process management together to look at the state of the practice and to tap into global happenings around the world as all these can assist in the development of business management process in Nigeria. “We will be looking at enhancing operational excellence in a digitalised world”.
The Business Process Management Institute is established to develop and promote the practice of business process management in Nigeria. This is also based on the desire to ensure that highest quality value is provided by the BPM practitioners.
Daniel Obi