The Most Innovative TMT Companies Expect 90% Growth Rate Over the Next Five Years
New York, 6 Nov 2013‑‑PwC's recent global innovation study, Seizing the innovation edge, found that the most innovative 20% of Technology, Media and Telecom (TMT) companies surveyed expect a growth rate of nearly 90% over the next five years, more than twice the TMT average (37.5%) and over four times higher than the least innovative TMT companies (22.2%). The same top 20% innovative TMT companies collectively benefited from an additional $45 billion in revenue over the last three years, compared with the least innovative companies. This is the equivalent of more than $1 billion per company, or a 14% revenue uplift.
Data from the report indicates the top 20% of performers account for the revenue increase by establishing and executing a coherent innovation strategy and planning for a greater proportion of breakthrough and radical innovations. The report, the first of three papers exploring innovation within TMT, highlights how innovation is accelerating growth for leading TMT companies.
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Alayna FrancisPwCUnited Statesalayna.firstname.lastname@example.org+1 646 471 4039