Companies with Highly Interoperable Technology Achieve Six Times Higher Revenue Growth, According to New Accenture Research

New research from Accenture (NYSE: ACN) finds that companies with highly interoperable enterprise applications gain greater agility to thrive amid uncertainty and achieve stronger financial performance. Last year, companies with high interoperability – which consist of one in three companies surveyed (34%) – grew revenue six times faster than their peers with low interoperability, and they are poised to unlock an additional five percentage points in annual revenue growth.

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Companies with highly interoperable enterprise applications gain greater agility to thrive amid uncertainty and achieve stronger financial performance, says Accenture. (Graphic: Business Wire)

For the report, Value Untangled: Accelerating radical growth through interoperability, Accenture surveyed more than 4,000 C-suite executives across 19 industries in 23 countries. It found that in the last two years alone, one in two companies (49%) adopted new technology and transformed their business faster than ever, with 40% transforming multiple parts of their business at the same time. High interoperability helps these companies achieve the agility they need to undergo compressed transformation. By using applications that easily interact with each other to enable data sharing, greater transparency and quality human connections, organizations can pivot more quickly and take advantage of new opportunities.

“While the concept of interoperability isn’t new, the technology to make it possible in a timely and cost-effective way is finally putting it within reach for most enterprises,” said Emma McGuigan, senior managing director and Enterprise & Industry Technologies lead at Accenture. “To compress transformation from years to months, or even days, everything must be integrated and interoperable. One in three companies have prioritized this level of agility and are untangling value to race past their competitors in revenue growth, efficiency and resiliency by using interoperability to spark total enterprise reinvention.”

Companies with high interoperability benefit not only from stronger financial performance but they are also 12 percentage points better at improving their supply chain and operations; 16 percentage points better at reinventing customer experience; 12 percentage points more successful at improving employee productivity; 4 percentage points more successful at embracing sustainable business practices; and 11 percentage points more likely to sustain compressed transformations.