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#SAPFastFacts99 Facts onThe Future of Businessin the Digital EconomyCompiled by Peter Johnson, Marketing Strategy and Thought Leadership72% of global CEOs believe the next 3 years will be more critical for their industry than the last 50 years. Source: Forbes Insights, 2016 Global CEO OutlookBy 2020, the average person will have more conversations with bots than with their spouse.Source: Gartner, Top Strategic Predictions for 2017 and Beyond: Surviving the Storm Winds of Digital Disruption, 14 October 2016Tweet this factInnovative brands experience brand value appreciation 9 times more than brands that are perceived to be less innovative.Source: Kantar Millward Brown, BrandZ Top 100 Most Valuable Global Brands Companies today are 460% more likely to fail within five years than they were in earlier decades. Creative destruction is accelerating as companies invest in intangible assets such as databases, proprietary algorithms, and expert workers, instead of physical assets such as factories and inventory.Source: Tuck School of Business at Dartmouth, Vijay Govindarajan and Anup Srivastava, Strategy When Creative Destruction AcceleratesCEOs with greater competency to manage complexity achieve 83% higher market cap, 78% greater earnings per share, and 18% more revenue. Source: Korn Ferry Institute, Predicting CEO performanceCompanies with 50% or more of their revenues from digital ecosystems achieve 32% higher revenue growth and 27% higher profit margins. Source: MIT Sloan Management Review, Thriving in an Increasingly Digital EcosystemOnly 5% of organizations feel that they have mastered digital to a point of differentiation from their competitors.Source: Accenture, Digital Transformation in the Age of the CustomerWith the coming and going of ice ages over the last 400,000+ years, CO2 in the Earths atmosphere fluctuated between 180ppm and 300ppm. However, CO2 levels have skyrocketed and now exceed 400ppm for the first time in recorded history.Source: NASA Global Climate Change: Vital Signs of the Planet, The relentless rise of carbon dioxideNew digital technologies can enable a 20% reduction in global carbon emissions by 2030. This is equivalent to eliminating 100% of Chinas CO2 emissions, plus another 1.5 billion tonnes.Source: Telstra Corporation, SMARTer2030: Australian Opportunity for ICT Enabled Emission ReductionsIn the last two decades, 9.6% of the earths total wilderness areas have been lost, an estimated 3.3 million square kilometers.Source: Current Biology, Catastrophic Declines in Wilderness Areas Undermine Global Environment TargetsMany Latin American governments are turning to artificial intelligence to aid in their forest conservation efforts. Source: Cool Green Science, 10 Innovations That Are Changing ConservationA new McKinsey report finds that although 51% of job activities can be automated, less than 5% of jobs are entirely replaceable by machines. Many more occupations will evolve as jobs are partially automated, compared with the number that will disappear.Source: Yahoo Finance, 51% of all job tasks could be automated by todays technology92% of consumers trust word of mouth, and 70% trust online reviews. Source: EY, How will you change buyers into stakeholders?84% of B2B buyers rate word of mouth the biggest influence on their purchasing decisions. Source: CustomerAdvocacy, What is Advocate Marketing?71% of B2B customers are actively disengaged or indifferent.Source: Gallup, B2B Customers Are IndifferentBut only 1% of B2B marketers manage after-sales experiences with customer relationship programs. Source: AdvertisingAge, Forrester B-to-B Marketing Predictions: Customer Focus to SharpenSelf-driving vehicles have the potential to save millions of lives, given that 1.25 million people die and 50 million are injured each year in auto accidents, nearly 95% of which are caused by human error. Source: Together for Safer Roads, Will Self-Driving Vehicles Save Lives?IoT car safety technology already reduces crashes significantly, and will save insurance companies $45 billion over the next five years, in the United States alone.Source: Business Insider, IoT Insurance: Trends in Home, Life & Auto Insurance IndustriesTweet this factSelf-driving trucks are hauling iron ore in Australia, convoying across Europe, and appearing on roadways across the globe. And because they offer business savings, self-driving trucks are expected to be more rapidly adopted than self-driving cars.Source: The Guardian, Self-driving trucks: whats the future for Americas 3.5 million truckers?The 43 public companies in the DiversityInc Top 50 were 24% more profitable than the S&P 500 average. Source: The Balance, Cultural Diversity in the Work Place: How Diversity at Work Makes More Money for YouBy 2020, 100 million consumers will shop in augmented reality. Source: Gartner, Top Strategic Predictions for 2017 and Beyond: Surviving the Storm Winds of Digital Disruption, 14 October 2016And by 2021, over 1 billion people worldwide will regularly use an AR/VR platform (augmented reality/virtual reality) to access apps, content, and data.Source: IDC Research, Inc., IDC FutureScape: Worldwide IT Industry 2017 PredictionsAmazon uses 30,000 Kiva robots in its global warehouses, which reduces operating expenses by approximately 20%. Bringing robots to its distribution centers that have not yet implemented them, would save Amazon a further $2.5 billion.Source: Bloomberg Technology, How Amazon Triggered a Robot Arms RaceCar sharing could reduce the number of cars needed by 90%in 2035, resulting in only 17% as many cars as there are today.Source: Seeking Alpha, Self-Driving Cars Are A Disaster For The Car Industry, But Great For The Rest Of UsMillennials are more than twice as willing to car share as Generation X, and five times more likely than baby boomers. Source: Goldman Sachs, Cars 202592% of companies have experienced commercial consequences as a result of a data breach.Source: Gemalto Breach Level Index, The Reality of Data Breaches in 2016In 2016, 80% of companies purchased a stand-alone cyber security insurance policy, up from 51% in 2015. Source: RIMS, the risk management society, 2016 RIMS Cyber Survey Air pollution continues to rise at an alarming rate, and now 92% of the world population is exposed to air pollution above WHO air quality guidelines. Source: World Health Organization, Ambient air pollution: A global assessment of exposure and burden of diseaseEvery year, nearly 600,000 children under the age of five die from diseases caused or exacerbated by the effects of air pollution. Source: United Nations Childrens Fund (UNICEF), Clear the Air for Children Tweet this factBy 2020, 85% of a customers brand experience will occur without any human interaction.Source: Centric Digital, How Omni-Channel Customer Experiences Drive Brand Transformation 65% of B2B customers say their B2B experience does not match their consumer experiences on Amazon and similar sites.Source: EY, How will you change buyers into stakeholders?By 2020, 50% of digital transformation initiatives will fail due to the lack of an end to-end customer experience operating system.Source: IDC Research, Inc., IDC FutureScape: Worldwide Chief Marketing Officer 2017 PredictionsThe most innovative employees are 2 times more likely to have the flexibility to choose when and where they work, and they also have greater access to amenities such as gyms and childcare facilities. Source: Gensler, The Gensler 2016 Workplace Survey Reveals Workplace Secrets of the Most Creative and Innovative CompaniesBut average worker pay has increased just 11% since the 1970s, essentially stagnating over the past 40-plus years.Source: Economic Policy Institute, The ProductivityPay Gap GDP per capita has increased roughly 1,000% since the 1970s.Source: The World Bank, GDP per capita CEO pay has risen 1,000% over the past 40-plus years.Source: World Economic Forum, World Economic Forum Annual Meeting 2017: Responsive and Responsible LeadershipIf ordinary citizens dont have incomes to buy products made by corporations, how can those corporations prosper? The IMF found countries with less inequality perform better. Source: CNN, Nobel economist: One-percenters, pay your taxesAlthough GDP growth is an indicator of progress, it has concealed growing inequality. Economies need a balanced scorecard that also assesses and prioritizes quality of life across the population.Source: Oxfam International, An economy for the 99%In initial tests, a machine-learning algorithm created at Carnegie Mellon was able to predict heart attacks four hours in advance, with 80% accuracy.Source: The Economist, Of prediction and policyTweet this factArtificial intelligence can predict where epidemics will happen. AIME developed a platform with 87% accuracy in predicting dengue fever outbreaks, three months in advance. Now they hope to similarly target other diseases such as Ebola and Zika.Source: Deloitte, Artificial Intelligence Innovation ReportTweet this factAfter watching 5,000 hours of TV, Googles DeepMind AI was able to lip-read 34% more accurately than a professional lip-reader.Source: New Scientist, Googles DeepMind AI can lip-read TV shows better than a proAfter watching just 600 hours of TV, an MIT deep-learning AI algorithm was able to predict future human interactions after two people met, 60.5% as accurately as human subjects.Source: MIT News, Teaching machines to predict the futureDuring their operation, the NASA space shuttles cost $60,000 per kilogram to get their payload into low Earth orbit. Source: National Space Society, BACK TO THE MOON - Getting There Faster for LessThe SpaceX Falcon Heavy will cost an estimated $447 per kilogram to get its payload into low Earth orbit. Source: The Space Review, Increasing the profit ratioOn the edge of the Sahara, Morocco is building what will be the worlds largest solar power plant, capable of providing energy even after the sun sets. Source: NPR, Morocco Unveils A Massive Solar Power Plant In The SaharaMorocco plans to generate 14% of its energy from solar by 2020, and hopes to eventually export solar energy to Europe. Source: BBC, The colossal African solar farm that could power EuropeTweet this factOnly 9% of companies have access to real-time data for financial analysis and planning, and only 18% use predictive modeling to analyze Big Data.Source: Association for Financial Professionals|, AFP FP&A Benchmarking Survey Globally, 47% of business application users waste more than 10% of their day waiting on technology to deliver content, data, or results after they interact with a business application. That adds up to more than 24 working days lost per year.Source: Oxford Economics, Mind the Gap InfographicIn-memory computing speeds are 1,000 to 1 million times faster than the previous most advanced computing techniques, enabling Big Data analytics processing to be reduced from hours or days, to real time. Source: Research and Markets, Global In-Memory Computing Market - Growth, Trends & Forecasts (2016 - 2021)By 2030, 25% of Dubais buildings will be 3D printed. Source: Emirates24|7, 25% of Dubais buildings will be 3D printed by 2030: MohammedRenault uses virtual reality and immersive simulation technologies to allow its design team, partners, and suppliers to experience, interact with, and test-drive new car designs without any physical prototypes. Source: CNN, Designing the workplace of the future: Virtual reality and 3D panoramasTwo billion individuals and 200 million small businesses in emerging economies lack access to basic financial services and credit. Broad adoption of mobile banking in developing nations could create 95 million new jobs and increase GDP by $3.7 trillion by 2025.Source: McKinsey Global Institute, How digital finance could boost growth in emerging economies90% of companies that helped employees identify and develop their natural strengths achieved 10% to 19% increased sales; 14% to 29% increased profit; 9% to 15% increase in employee engagement; and 22% to 59% fewer safety incidents.Source: Gallup, Global Study: ROI for Strengths-Based DevelopmentTechnological advancement is outpacing security. If our digital economy is to thrive, our commitment to cybersecurity must match our commitment to innovation.Source: Commission on Enhancing National Cybersecurity, Report on Securing and Growing the Digital Economy60% of small businesses will close within six months of a cyberattack.Source: StaySafeOnline, Small Business Online Security InfographicBy 2019, 75% of workers who use enterprise applications will have access to intelligent personal assistants to augment their skills and expertise.Source: IDC Research, Inc., IDC FutureScape: Worldwide Big Data, Business Analytics, and Cognitive Software 2017 PredictionsTweet this factAn estimated 45.8 million people are trapped in some form of slavery in 167 countries. Source: Walk Free Foundation: The Global Slavery Index, Global FindingsAdvanced analytics and Big Data are enabling coordinated efforts to combat human trafficking networks and rapid responses when victims are located. Source: HBS Digital Initiative, Tracing a web of destruction: Can big data fight human trafficking?Global urban populations will add 2.5 billion people by 2050. This massive urban expansion will require as much as $70 trillion in infrastructure spending. Source: EY, In a fast-changing world, can cities be built with long-term perspective?Of the children entering primary school today, 65% will end up working in completely new job types that do not yet exist. Source: World Economic Forum, The Future of JobsChinese consumers took nearly 3 billion trips and spent over $110 billion during the Chinese New Year celebration. Source: Juwai, 3 reasons why Chinese New Year is a global phenomenon to heedOver the next 15 years, consumer spending in China will grow by more than the total EU consumer spending today. Source: The Economist Intelligence Unit, The Chinese consumer in 2030An extremely large city can lose as much as 500 billion liters of drinking water each year through leakage. Source: United Nations, Water and Cities - Facts and FiguresMore than 300,000 billion liters of water could be saved globally by using new information and communications technologies to increase resource management efficiencies. Source: Global e-Sustainability Initiative (GeSI), Quantifying the opportunityBarcelona uses the IoT to optimize urban systems and enhance citizen services. To date, it has saved $95 million annually from reduced water and electricity consumption, increased parking revenues by $50 million a year, and generated 47,000 new jobs. Source: Data-Smart City Solutions, Ash Cen
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