What Is The Great Acceleration And What Does It Mean For Enterprise Tech Providers

Over the past 10 years there has been an emerging gap in performance between those at the top of their market and those at the bottom. The COVID-19 pandemic has fundamentally accelerated this gap beyond what many could have ever imagined, exposing those not able to react and enabling those who could adapt to take significant market gain. The impact will restructure business models and market structures without doubt. Those who understand the potential difference between the winners and followers and how to provide services and products to them, will equally be at an advantage.To bring this into some form of reality, we looked at figures provided by McKinsey which stated that the combined profit of the top performing companies grew their total market-implied annual economic profit by $335billion, while companies in the bottom quintile lost over $303billion between December 2018 and May 2020 and this gap widened even further into 2021 as the pandemic continues.Within this, and why it’s potentially valuable to understand these top-line figures, are three areas to give further food for thought when selling and marketing to enterprises within different industries: