A new class of "leapfrogger" companies has amplified their technology investments during the Covid-19 pandemic and significantly extended their growth advantage over competitors. New research from Accenture reveals technology directly enables companies to not only survive but even thrive in one of the most disruptive periods in history. Companies in the top 10 percent of the entire sample were considered ''leaders,'' leapfroggers (18 percent of sample) and "laggards" (bottom 25 percent) based on financial performance. The report further emphasized that "leaders" have adopted innovative technology earlier and invested more frequently than their peers. For instance, 80 percent of Leapfroggers had adopted some form of cloud technology by 2017, and that figure rose to 98 percent by 2020.

Source: Manila Times June 12, 2021 13:18 UTC