Duncan is an award-winning editor with more than 20 years experience in journalism. Having launched his tech journalism career as editor of Arabian Computer News in Dubai, he has since edited an array of tech and digital marketing publications, including Computer Business Review, TechWeekEurope, Figaro Digital, Digit and Marketing Gazette.
Accenture has announced a new worldwide practice to help organisations take advantage of disruptive new technologies in the cloud utilising trusted frameworks, services and controls.
The new Accenture Cloud First Sovereign Practice includes four new sovereign cloud centers in Kronberg, Germany; Trondheim, Norway; Paris and Rome. Located within Accenture Innovation Hubs, these centres bring Accenture industry, security and technology specialists together in collaboration with ecosystem partners to accelerate the digitization of business processes and to expose new data collaboration opportunities.
Sovereign cloud is an approach that allows organisations to control the location, access to and processing of their data in a cloud environment in response to new, emerging industry standards and compliance requirements in specific countries or sectors.
Jean-Marc Ollagnier, CEO of Accenture in Europe, said: “Organisations and entire economies across Europe are currently reinventing their futures on cloud to become more resilient, sustainable and innovative.
“Whether the goal is to accelerate the switch to greener energy sources, respond to supply chain disruptions or speed up drug discovery, all these transformations rely on cloud, data and artificial intelligence. And they will require sovereign frameworks for data storage and sharing between trusted partners. The new Accenture sovereign cloud centers will help organisations address this challenge, enabling innovation in a way that aligns with European values and standards.”
Accenture Cloud First global lead, Karthik Narain, said: “Cloud was initially about IT efficiency and modernisation. Today, cloud is all about driving business growth and innovation. The cloud continuum is where many of the world’s technology breakthroughs are happening – from AI to edge computing to the metaverse. But to harness sovereign cloud’s power, organisations need ways to use and share trusted data confidently, in a secure and compliant way. This often involves navigating an intricate patchwork of technology solutions while aligning with various regional, local and industry regulations – not only in the European Union, but around the world. Our new practice and centers in Europe will be a catalyst in the global sovereign cloud movement.”
From the new sovereign cloud centres in Europe, clients can now see live industry examples and develop a blueprint to pro-actively address and solve their sovereign cloud requirements with dedicated support from Accenture Cloud First specialists in change management, security skills and business process experience, and a place to collaborate with partners across the cloud ecosystem.
Changing Tides at NAMIC
What a hot and lively week in Dallas! 98F and a huge crowd at the 127th National Association of Mutual Insurance Companies (NAMIC).
Over 1000 senior insurance executives, board members, and service partners, represented 400+ property and casualty insurance and related companies. NAIC officers discussed the insurance trends, regulatory challenges, and barriers to competitive markets. 45 speakers held economy power sessions and education sessions sharing thought leadership on the biggest industry challenges and opportunities.
I had the honor to address the hottest topic – “The Future of Work” – at NAMIC. My session began with a live poll on the top 3 most common reasons given for employees quitting jobs. Here are the most voted reasons among the 181 votes: Lack of workplace flexibility, inadequate compensation, unmeaningful work, and lack of career development.
Here are the results in percentages:
In 2021, 47 million Americans quit their jobs and entered the era of the great resignation. Since January of 2022, over 4 million Americans quit each month. To understand why, McKinsey surveyed 13000 employees in 6 countries from April 21 to April 22. The top reasons for people quitting jobs were lack of career development/advancement, inadequate compensation, uninspiring leaders, and lack of meaningful work. Below is a chart with more details.
The live audience poll and McKinsey’s survey both ranked meaningful work, career growth, and compensation as top reasons for quitting, followed by uninspiring leadership and lack of workforce flexibility.
Moreover, the future workforce demographic is changing from baby boomers to millennials and Gen Z. According to Pew Research, by 2050, 75% of the workforce is expected to be made up of millennials. 44% of millennials say they are more likely to be engaged when their managers hold regular meetings with them. Currently, only 21% meet with their manager on a weekly basis. Gen Z has surpassed millennials as the largest generation, making up 12% of the workforce. 22% of Gen Zs currently have at least one immigrant parent. By 2026, Gen Z will become the largest non-white generation. For Gen Z, community, diversity, and inclusion as well as their sense of passion and purpose hold utmost importance.
My speech covered three main topics: talent management including upskilling, transitioning to a hybrid environment, and outlook for the next 10 years. Registered attendees can get access to the recording through the end of 2022.
During the Q&A, the youngest attendee urged us to look around and notice that there were not enough young people at NAMIC. He called out the importance of understanding the younger generation and giving them more opportunities to network with decision makers at events like NAMIC. That perfectly summed up my presentation. Though NAMIC has certainly evolved with more women representation (15 this year out of 45 speakers and a few CEOs), there is still a need for more diversity in demographic and thought.
I was delighted to reconnect with former colleges, a few CEOs and board members of the mutual insurance companies at NAMIC. My favourite part of NAMIC is that it always feels like a family fair. It is a place we can share best practices and support each other even though our businesses may compete. Where else can you find such an ecosystem?
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