Accenture (No. 14 on the DiversityInc Top 50 Companies list) announced RainCheck, LittleSea, Simgo and ProxToMe as the winners of the four Accenture Consumer Tech Awards at the Millennial 20/20 Summit in Singapore. The awards recognize early stage start-up businesses that are pushing the boundaries to better engage with the millennial consumer in the automotive, consumer goods & services, retail and travel industries.


Twelve shortlisted companies from Australia, India, Italy, Singapore and the United States presented to an exclusive panel of judges from globally recognized brands that included Coca-Cola, Johnson & Johnson, Kellogg Company, Pirelli, Uber and Unilever.

Announcing the winners on the main stage at the Millennial 20/20 Summit, Teo Correia, senior managing director at Accenture, said: "Brands across consumer facing industries have to redefine the parameters of innovation and identify new ways to connect with today's digitally empowered millennial consumerWe believe technology start-ups are critical to encouraging material change in the innovation model and were impressed by the level of creativity shown by the four award winners. The Summit is a great stage for these entrepreneurs to showcase their business while industry leaders get to hear and explore their disruptive ideas first hand."

The winners in each category are:

Millennial Shopper – RainCheck

Based in Sydney, Australia, RainCheck is a mobile commerce platform for retailers and brands that opens up mobile as a direct to consumers channel. Leveraging machine learning and artificial intelligence the platform allows people to save and share favorite items they discover online and notify them at a contextual and relevant time when shopping either online, in-app or in-store.

Millennial Consumer – LittleSea

LittleSea, based in Milan, Italy has proprietary technology that enables people to automatically transform data into an unlimited number of personalized videos for editorial, business, marketing and customer service purposes on a huge scale, using different datasets stored in one or more databases.

Millennial Traveller – Simgo

Based in Singapore, Simgo's cloud based virtual SIM management platform removes the physical SIM card from mobile devices and places it in the cloud. The platform is then able to dynamically assign any SIM card to the mobile device based on customized criteria such as time, location and coverage, cost and other preferences. This means no more international charges no matter where you go and the use of your own local mobile number even when abroad.

Millennial Driver – ProxToMe

Based in San Franciso, U.S., ProxToMe provides proximity-based authentication for the Internet of Things. Its proprietary technology, based on Bluetooth, can replace traditional card-based authentication with a contactless, secure user experience. Unlike existing cardless technologies ProxToMe provides a frictionless experience and cross-platform availability all in one solution.

In addition to receiving their award the category winners gain access to a team of industry experts at Accenture who provide advice and consultation on how to improve select areas of their business and speed up time to market.

Successful Companies Pivot to New Opportunities by Revitalizing – Not Neglecting – Their Core Businesses, Accenture Report Finds

Report identifies three actions common to the six percent of companies that have embraced the future most decisively

REUTERS

Originally Published by Accenture.

The majority (54 percent) of C-level executives expect their new business activities to generate at least half of their company's revenues within the next three years, even though only one-third (33 percent) of the executives said their company currently generates more than half of its revenues from business activities started in the past three years, according to new research from Accenture.

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Accenture Commits $200 Million to Education, Training and Skills Initiatives over next Three Years to Equip People Around the World for Work in the Digital Age

Commitment includes company's Skills to Succeed goal to equip more than 3 million people with job and entrepreneurial skills by 2020.

REUTERS

Originally published by Accenture.

Supporting its vision to improve the way the world works and lives, Accenture (NYSE: ACN) is committing more than US$200 million over the next three years to help equip people around the world with job skills for the digital age.

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REUTERS

Originally Published by Accenture.

While most companies recognize the value of a digitally enabled supply chain – empowered by new technologies like artificial intelligence, blockchain, big data and analytics ­– many chief supply chain officers (CSCOs) are not leveraging their C-suite counterparts to help reinvent the supply chain function and transform it into an engine of new growth models and customer experiences, according to new research from Accenture.

The research report, Drive Your Own Disruption: Is your supply chain in sleep mode?, reveals that the 900 supply chain executives surveyed were more likely to say that they see their function in two years as a cost efficiency driver (60 percent) or a support function (68 percent) than as a competitive differentiator (48 percent) or a growth enabler (53 percent) within their organizations, which can leave significant value on the table.

"Supply chain executives should take no comfort in being categorized as a support function," said Mohammed (Mo) Hajibashi, a managing director at Accenture and global Supply Chain lead in its Products industry practice. "In this digital era where customers demand speed to market and hyper-personalization, these executives need to ensure that their supply chain function is not only a key differentiator but also ensures the sustained growth of their organizations. The fast and efficient adoption of the right new technologies that enable a new way of working, along with increased C-suite engagement with the supply chain function, are the keys to achieving growth via new digital business models that create new customer experiences, craved by the consumer."

Accenture research found that 80 percent of the supply chain executives surveyed identify the chief information officer or chief technology officer – not the CEO, chief operating officer (COO) or chief financial officer (CFO) – as key stakeholders, even despite the major role the CFO has in making technology investment decisions and the COO's role in designing the operating model.

Furthermore, in many organizations, the supply chain isn't seen as a driver of differentiation and aggressive growth. Meanwhile, the CSCOs blame the absence of a clear business strategy (cited by 43 percent of CSCOs surveyed), together with an inadequately skilled workforce (48 percent) and incompatible legacy systems (44 percent), for their function's inability to drive value for the organization.

How To Overcome C-suite Challenges

According to the report, CSCOs have an opportunity to work with the full C-suite to overcome three core challenges – leadership, labor and legacy technology – and move their function toward better and more strategic partnerships that will provide the organization with increased value-driving potential.

  • Leadership. The CSCO will need to be better aligned with business strategy and build a new and productive working relationship with the executives responsible for long-term digital investment: the CFO and COO.
  • Labor. CSCOs need to build a workforce that focuses on core supply chain workers, "adaptive" (part-time and on-demand) workers and artificial intelligence / robotics — all working together to drive productivity at speed. The CSCO will also need to leverage their C-suite connections to secure support for a reskilling strategy founded on continuous learning.
  • Legacy Technology. Digitally decoupling legacy systems provides a less-resource-intensive and more impactful way to drive agility than spending on new, more compatible systems. CSCOs can start by decoupling data from their legacy IT systems, replicating it and moving it, in real time, to cloud-based data "lakes" that are accessible to customers.
To find out more about the report, visit Accenture.com/wakeupyoursupplychain. Join the conversation at @Accenture #supplychain and #wakeupyoursupplychain.