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BCX Digital Innovation
Index Report

South Africa 2024

Discover innovation best practices from the Digital Innovation Index report


Digital transformation is revolutionising business models and making innovation an inherent necessity for long-term value creation. Against this backdrop, the BCX Digital Innovation Index report, in partnership with EY Parthenon, aims to provide guidance for businesses of all sizes in South Africa.
BCX Digital Innovation Index Report 2023

Introducing the 2024 Digital Innovation Index Report

The 2024 Digital Innovation Index centres on the fundamental components of innovation excellence and evaluates how organisations can drive innovation within both national and sector-specific contexts in South Africa. It delves into the intricate relationships between various internal and external factors, each of which uniquely shapes the performance of different economic sectors.

Based on insights gathered through questionnaires and interviews with senior leaders from key institutions, the 2024 Digital Innovation Index outlines the diverse challenges and opportunities connected to the advancement of digital innovation.

The report offers insights into:

Socioeconomic imbalances

Socioeconomic imbalances

Political instability
Political instability
Constrained economic growth
Constrained economic growth
Load shedding

Load-shedding

Regulatory hurdles
Regulatory hurdles
Lagging alignment between compliance and technological advancement
Lagging alignment between compliance and technological advancement

The inhibiting factors to innovation are considerable, yet not insurmountable. Through a blend of strategic planning, external partnerships, and a resilience born of necessity, the future of innovation in South Africa can be not just promising but transformative too.

Q

Digital Innovation Index Report 2024


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