KPMG recently conducted a study looking at the total factor productivity (TFP) of more than 15,000 firms, and found a widening gap between the top ten percent in each industry and the rest – these top ‘frontier’ companies saw revenue grow more than twice as fast as the others.
So, what do these “frontier” or 21st century firms understand that the followers, or the other 90 percent, don’t? That succeeding in today’s technology-enabled environment requires a strategic, business, and holistic enterprise approach. The rest view it through a technology opportunity or challenge lens. And nine out of 10 times they miss the point.
In this podcast, Steve Hill, KPMG’s global head of innovation, sat down to discuss:
This is one of many installments in our 2019 Trends podcast series. Visit our series page to listen to others.