Technological innovation is key to confronting the world’s most important and pressing societal issues, from clean transportation, to food security and quality healthcare. Many of the most disruptive solutions are first commercialised in emerging, niche markets, but often remain underdeveloped and subscale for too long, foregoing a huge amount of value.
In this study, Oxford Economics helped Accenture Research explore the potential value that could be unlocked for the economy and the wider society if big business could embrace innovations in what the study identifies as “tech propelled markets” – that is markets where tech-enabled innovations are created to address specific unmet needs (e.g. mobility solutions for the elderly, or e-commerce solutions for remote rural consumers). We used quantitative use-case analysis to frame and analyse the potential economic and societal pay-offs from a range of specific innovations in tech-propelled markets in Japan, the UAE, Singapore, Indonesia, Brazil, and India.
The experts behind the research
Our Economic Consulting and Thought Leadership teams are world leaders in quantitative economic analysis and original, evidence-based research, working with clients around the globe and across sectors to build models, forecast markets, run extensive surveys, and evaluate interventions using state-of-the art techniques. Lead consultants on this project were:
Director Economic Consulting, Asia
Economist, Economic Impact
You might also be interested in
The Race for Data Supremacy: Achieving decision advantage to deter future conflicts
Oxford Economics, in collaboration with IBM, interviewed government and military officials to understand how data can be used to create a sustainable decision advantage.Find Out More
Techonomics Talks: Skilling the Future
Welcome to our new video series, Techonomics Talks, where we use the dynamic relationship between technology and economics to explore a variety of topics impacting tech companies and their customers today.Find Out More
US industry ROI boosted by technology spending
US private sector return on investment (ROI) is near 20-year highs, boosted by commodity price strength and business spending on technology. The rising return from previous investments is one factor recently supporting US industry capex in the face of higher costs of capital.Find Out More
Chipping Away: Assessing and addressing the labor market gap facing the US semiconductor industry
We project the semiconductor industry’s workforce will grow by nearly 115,000 jobs by 2030, from approximately 345,000 jobs today to approximately 460,000. Of these new jobs, we estimate roughly 67,000 risk going unfilled at current degree completion rates, or 58% of projected new jobs.Find Out More