Accenture Research and Oxford Economics have estimated that the digital economy, involving some form of digital skills and digital capital, represents 22.5 percent of global GDP. However digital’s ability to unlock value is far from being fully exploited. Until now, it is the technology giants and born-digital companies that have taken advantage of digital disruption. But there is an opportunity for traditional incumbents to more aggressively pursue new digital business models. By optimizing their digital investments, business leaders and policy makers can be more competitive, productive and bring quality of life to people. Understanding where to make those investments to realize the greatest improvement in gross domestic product is the subject of recent analysis by Accenture Strategy and Oxford Economics.
We found that high-performing economies could realize better returns from the optimal combination of investments in digital skills, digital technologies and digital accelerators. Our modelling shows how the smarter use of digital could boost productivity and generate US$2 trillion of additional economic output by 2020. In this way, digital investments can act as a growth multiplier in the coming years. Take the United States where optimised in investments in digital skills, digital technologies and digital accelerators in line with our calculations could see the nation increase its GDP by 2.1 percent—which equates to US$421 billion in 2020. Business leaders and policy makers need to invest the right amounts in the right areas; by doing so, they can discover new profitable, scalable and sustainable ways to help their economies grow.
Click here to read the full report.
Oxford Economics’ team is expert at applying advanced economic tools that provide valuable insights into today’s most pressing business, financial, and policy issues.
To find out more about our capabilities, contact:
+1 (646) 503 3052
+65 6850 0110
+44 (0)203 910 8054
From disruption to reinvention: The future of supply chains in Europe
Published at the World Economic Forum’s Annual Meeting in Davos, this report explores three possible scenarios for how the Ukraine war could play out over the coming year, modelling the impact of each scenario on the Eurozone economy.Find Out More
De l’opportunité à l’impact – Évaluer les avantages économiques, sociétaux et culturels de YouTube en Belgique
Cette étude évalue la contribution de YouTube au PIB belge et au taux d’emploi en Belgique, ainsi que son impact plus large sur la société et la culture.Find Out More
Van mogelijkheden naar impact – Beoordeling van de economische, maatschappelijke en culturele voordelen van YouTube in België
Deze studie beoordeelt de bijdrage van YouTube aan het BBP en de tewerkstelling in België alsook de bredere impact op de maatschappij en cultuur.Find Out More