Accenture 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, Accenture Innovation Lead 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, TransUnion Africa Chief Executive Officer.
“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, The Da Vinci Institute Chief Executive Officer.
“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.