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Accenture: Unlocking Digital Value for Business and Society in South Africa

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THE ACCENTURE AND WEF VALUE-AT-STAKE FRAMEWORK Value at Stake and Digital Value to Society The Accenture and the World Economic Forum (WEF) value-at-stake framework assesses the impact of digital initiatives—from driverless cars and predictive analytics to drones and remote healthcare—on industries, consumers, society and the environment over the next decade (2017- 2026). In the assessment of industries, the framework integrates all segments of an industry's value chain, capturing approximately 80 percent of revenues and profits. It considers the total addressable market and the adoption or penetration rates of new technologies over time, and is based on research, industry reports, existing use cases and expert interviews. The framework also quantifies Digital Value to Society (DVS) by aggregating the key performance indicators that measure the impact of digitalisation on health and safety, employment, the environment, labour and consumers. Together, value-at-stake and DVS provide an evidence-based framework to encourage collaboration between enterprises and policy- makers to unlock the societal benefits of digitalisation. In South Africa, digital technologies can generate more than R5 trillion in value for industry and society over the next decade through the use of digital technologies in key industry sectors, including agriculture, public infrastructure and administration, financial services and manufacturing. This insight comes from a South Africa-specific analysis conducted by Accenture using the Accenture and World Economic Forum (WEF) value- at-stake framework (See 'About the Framework). The framework measures the impact that digital technologies, such as analytics, blockchain, virtual reality, and artificial intelligence (AI), may have on South Africa's industries and society (environment, consumers, labour and government). What makes this study unique is that it not only focusses on the financial value that is created but also measures the digital value to society (DVS). Digital technology can positively impact people's lives by improving education and health outcomes, creating employment opportunities and providing better citizen services. DVS measures the aggregated impact of digital technologies on health, safety, the environment, and other factors. THE STUDY'S KEY FINDING: DIGITAL TECHNOLOGIES CAN GENERATE MORE THAN R5 TRILLION IN VALUE FOR INDUSTRY, CONSUMERS AND SOCIETY IN SOUTH AFRICA. VALUE AT STAKE (VAS) SOCIETY AND ENVIRONMENT DIGITAL VALUE TO SOCIETY (DVS) Example metrics CONSUMER BENEFITS GOVERNMENT LIVES SAVED CARBON EMISSIONS LIFE EXPECTANCY TIME SAVINGS COST SAVING ON CONSUMPTION NET JOB CREATION MEDIAN INCOME GROWTH INCOME DISPARITY COST SAVINGS ON SPENDING WELFARE CREATION FOR CITIZENS VALUE ADDITION (FROM NEW PRODUCTS / SERVICES) VALUE MIGRATION (FROM SHIFTING PROFIT POOLS) LABOUR INDUSTRY SIDEBAR: ABOUT THE FRAMEWORK 3

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