JOHANNESBURG; May. 31, 2017 – Accenture (NYSE: ACN) and partners, Transunion and The Da Vinci Institute, have officially closed entries for the annual Innovation Index 2017 and an expert panel of adjudicators are evaluating the submissions. The index is themed “Ignite Ingenuity”.
The Accenture Innovation Index measures, recognises and rewards innovation and systems of innovation in organisations of all sizes in the South African public and private sectors every year. The Index is designed to provide a national benchmark for innovation, providing businesses and policymakers with an authoritative and objective snapshot of the state of innovation within their organisations and in South Africa.
Rory Moore, Innovation Lead at Accenture says that the innovative ideas coming from thousands of entrants have been outstanding. “There is no doubt that our independent adjudicators have a tough mission ahead as the calibre of submissions keeps improving year-on-year. This is exactly what we expected to see this year – some remarkable companies going all out to showcase their level of innovation and begin their all-important journey to becoming true innovation leaders.”
Last year’s Innovation Index highlighted that the pace at which South Africa is innovating needs to accelerate if the country hopes to continue to compete in the 21st century. The survey painted a worrying picture of 57 percent of companies scoring less than 52 points out of a possible 100 – they fall into the “innovation laggard” category. Only 29 percent could be categorised as innovation leaders. This year’s results will be announced at the Accenture Innovation Conference 2017 in October.
The conference is becoming one of the highlights of the business calendar, where extremely useful insights on the levels of innovation in the country are highlighted – including areas of improvement – but also where the best companies can be rewarded for leading in the new and being true innovation champions.
“We’re excited to see the quality of entries for this year’s conference, once again indicative of the ingenuity of South Africans to tackle important issues facing business and society,” comments Lee Naik, CEO TransUnion Africa. “We continue to be inspired by the creativity and opportunities this event showcases, and look forward to recognising the winners in October.”
“The Accenture Innovation Index has indeed become a key player within the South African business community, allowing innovators across different industries to showcase their contributions towards the development of new and improved business related products and processes,” says Professor Bennie Anderson, CEO of The Da Vinci Institute. “We are looking forward in meeting the winners at the conference in October.”
The partnership with The Da Vinci Institute and TransUnion, helps Accenture to apply best practice research approaches to provide a confidential customised innovation diagnostic report that identifies each participant’s innovation strengths and weaknesses; benchmarks their innovation within their industries; and presents strategies that may help them gain competitive advantage. The Index also allows participants to submit concepts for consideration in the Innovation Conference showcase.
Accenture (NYSE: ACN) is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology and operations. Combining unmatched experience and specialized skills across more than 40 industries and all business functions – underpinned by the world’s largest delivery network – Accenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders. With approximately 401,000 people serving clients in more than 120 countries, Accenture drives innovation to improve the way the world works and lives. Visit us at www.accenture.com.
About The Da Vinci Institute
The Da Vinci Institute for Technology Management is a School of Managerial Leadership contributing towards socio-economic development and transformation. The Institute’s purpose is to cultivate managerial leaders through the core principles of business driven action learning by offering students a personalised journey of selfdiscovery and co-creation. The Institute offers Certificate, Diploma, Bachelor, Masters, and Doctorate programmes in the Management of Technology, Innovation, People, Systems (TIPS™) and Business Management. The Institute is registered as a Private Higher Education Institution under the Higher Education Act 1997, registration no. 2004/ HE07/003. The Institute’s qualifications are accredited by the Council on Higher Education and recorded with the South African Qualifications Authority. Visit us at: www.davinci.ac.za
Information is a powerful thing. At TransUnion (NYSE: TRU), we realise that. We are dedicated to finding innovative ways information can be used to help individuals make better and smarter decisions. We help uncover unique stories, trends and insights behind each data point, using historical information as well as alternative data sources. This allows a variety of markets and businesses to better manage risk and consumers to better manage their credit, personal information and identity. Today, TransUnion has a global presence in more than 30 countries and a leading presence in several international markets across North America, Africa, Latin America and Asia. Through the power of information, TransUnion is working to build stronger economies and families and safer communities worldwide.
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