Sunday, August 30, 2020

Trillions with a "T"

 In late 2019, Accenture Strategy did an assessment on "Securing the Digital Economy."

Topics included:

  • The Internet Just Can't Keep Up
  • The IoT Effect
  • Identities in Crisis
  • No Flow Versus Free Flow
  • The Cost of Insecurity
  • Keeping Tabs on Cybersecurity Investments

Then they gave recommendations for actions in the following areas:

  • Governance
  • Infrastructure
  • Technology

This is a great read.

But I want to emphasize just one of their findings - The Cost of Insecurity

Here's their chart:

In the private sector, over the next five years companies risk losing an estimated US$5.2 trillion in value creation opportunities from the digital economy

Yes, that TRILLIONS with a "T."

If that's hard to get your head around, this will help you apply this to your company.

This translates to 2.8 percent in lost revenue growth for the next five years for a large global company.

Worry. React. Invest.

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