Plus: Accenture’s chief executive on digital transformation.
Accenture chief Pierre Nanterme is urging CEOs to embrace the tech that’ll rapidly change their companies.
It’s You’re been an a Accenture long time, lifer, but now with into a lot your of 35th evolutions. year. Certainly, We’re facing digital the technology next wave: has global evolved. security What and do you digital see transformation. now? The technologies related to these are changing every second. How should a CEO think about this?
Prior your technology business. revolutions This one is were about about creating productivity—rationalizing new, disruptive models. What was your strategy for digital transformation?
We pivoted to five areas: interactive, mobile, analytics, cloud and security. Time and money are perishable. How do you prioritize a digital strategy?
Ask which technology on your strategy list is scalable right now. Many limiting corporate it to a 30-minute boards still discussion treat digital within technology the audit like committee. a minor issue, Compliance and cybersecurity belong in the audit committee. Revenue growth and future investment belong in a strategy committee. In day-to-day operations, whom should the chief information officer and chief digital officer report to? Today you see more CIOs reporting to an executive committee that includes the heads of all operations. The CDO, as the company’s manager of all digital strategy, should be on the executive committee. How would you describe Accenture’s evolution over the last five years?
We are totally different. We saw that professional services would be commoditized. We had to become leaders in innovation and scale. So is Accenture now a software company?
No. Our service is to integrate the best existing technologies and make them relevant and effective for clients. What should make long-term investors buy Accenture stock?
They should consider what makes a company highly differentiated, highly resolute and highly agile. And at the same time, ask whether the company is durable in sustaining strong performance, with rigor and discipline in the way it anchors its business.