Professional services firm EY wraps up Future Realised event

27 November 2018 Consultancy.com.au

Featuring an all star line-up including Sir Bib Geldof, Alan Joyce and EY’s own Tony Johnson, the Future Realised event aimed to promote the concept, “Nobody can predict the future, but those who can imagine it, can shape it.”

Ernst & Young’s event, Future Realised was held on the 26th of November on Cockatoo Island in Sydney Harbour. The event drew business and industry thought leaders from both Australia as well as internationally and would prompt attendees in a fast moving world to take one day to shift their perspective and see new possibilities.

Future Realised was billed to be a disruptive and experience-based event. Exploring how transition in business from a current to a future business model, recognising the unique challenges leaders face and the need to look at the future differently. It aimed to facilitate small group discussions on big issues and rather than a keynote speaker event, be driven by immersive learning.

To break the barriers which stifle innovation, EY leader Tony Johnson and a diverse group of peers including corporate, start-up CEOs, government and community leaders designed the experience to lead to unexpected ideas. It also went beyond business to unravel the world in which we live, and aimed to reinstate trust and transparency within our organisations and in the communities we operate in.

EY wraps up their Future Realised event

The professional services firm ran the event as a means to develop a necessary dialogue and vowed that they would not be dodging the difficult questions. Singer, philanthropist and political activist Sir Bob Geldof was the events main act who prior to the event expressed his excitement to get involved in such a unique opportunity.

“I’ll be coming down to Ernst & Young’s Future Realised event in November to talk about some of these changes that have finally given a shape to the 21st century. And the key issue is of course artificial intelligence and technology,” Geldof said. “It’s all the play for and it’s all to be understood. This future, that’s rapidly taking shape in front of us but we don’t seem to understand or get a handle of…and therefore we become fearful of it.”

Tony Johnson said on Twitter, “Fantastic to be with clients, partners, alumni & renowned thought leaders for #FutureRealised including great contributions by Sir Bob Geldof and Alan Joyce. Looking forward to a conversation with @JulieBishopMP this afternoon.”

Former Foreign Minister Julie Bishop took to the stage to take the event to a conclusion. She touched on a range of subjects including Julia Banks’ decision to leave the Liberal party, Australia’s lack of energy policy and Australian’s distrust of its democratic institutions.

Motioning towards having a clear and stable Australian government she said, “The ground must be fertile to have a negotiation because business is demanding certainty. Business needs confidence to make investments in generating capacity.” She also promoted creating a less divided environment in Canberra which would increase investor confidence and drive growth.

This she said was in contrast to what was currently happening in the United States where “The country is deeply polarised. They might as well be two different countries. We need to have sensible debates about issues. I think we will respect a politician who says I am going to tell you the truth not what you want to hear.”

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Partners in Performance launches digital transformation unit

25 April 2019 Consultancy.com.au

Australian-origin management consulting firm Partners in Performance (PIP) has launched a new unit dedicated to digital transformation, bringing together offerings for technology and human capital.

The move comes at a time when digital has become a top strategic priority for organisations of all sizes. “Technology is creating new ways of operating, raising expectations and enabling new business models,” explained Gerd Schenkel, leader of the new wing PIP Digital.

Leveraging technology, companies are bolstering the way they identify and engage with customers and optimise customer experiences, and in parallel improving their internal operations including manufacturing and supply chain, as well as back-office functions such as human resources. Meanwhile, government institutions are embracing digitisation to enhance their provision of public services to businesses and citizens, while applying smart tooling to improve activities such as tax collection, fraud detection and public safety. 

In a KPMG survey on strategic priorities of Australia’s C-suite leaders in the private and public sector, digital transformation came out on top as the top factor, ahead of innovation and regulation. The growing opportunities and burning platform for adopting emerging technologies is resulting in a rapid growth in digital transformation spending. According to analyst firm IDC, global spending on digital transformation was up 18% last year to $1.18 trillion – an amount almost equal to the GDP of countries such as Australia and Indonesia.

Partners in Performance launches digital transformation unit

As part of their digital endeavours, organisations frequently turn to external experts for support, including management consultants, with the market for digital transformation consultancy booming. In Australia, digitisation is now the number one growth driver of the country’s US$5 billion consulting industry, with data & analytics, moves to cloud-based systems, Industry 4.0 and robotics process automation among the most in-demand solutions. 

A large number of digital transformation programmes however do not achieve the goals set; one estimate places the share of failed or suboptimal transitions at two thirds of all transformations. “We’ve observed many traditional attempts at digital transformation fail for a variety of reasons,” Schenkel agreed. 

PIP Digital has been setup to help customers approach digital transformation in an integral manner, “ensuring technology and people work in sync”, a mix which is set to enable the delivery of lasting results. Schenkel: “It has been disappointing to see many organisations being seduced into deploying canned technology as a core part of their digital agendas, overlooking the critical need to design new business models and processes around humans and their needs. We are here to close a gap in the market.”

He continued, “With our new service offer, Partners in Performance will provide a fresh approach to how organisations approach their digital agenda.” To this end, PIP Digital has brought together already present digital expertise across Partners in Performance’s footprint, spanning among others technology (led by Phil Ridley), analytics (Juan Ferrara), customer experience (Steven Henderson), and back office transformation (Malcolm Allen). Partners in Performance launched in Australia in 1996 and today has over 300 consultants across offices in Australia & New Zealand, Asia, Middle East, Europe and the Americas.

Schenkel has been brought on board to establish and grow the arm, bringing a wealth of experience in the digital realm to the consulting firm. He formerly was the CEO of payment company Tyro, an Executive Director of Telstra Digital and was the founder of UBank, NAB’s digital bank. “If executed  well, then digitisation can be a powerful opportunity for companies to stand out from their competitors and open up new growth avenues,” he concluded.

Other larger consulting firms with a dedicated digital arm include Deloitte (Deloitte Digital), McKinsey & Company (McKinsey Digital), Boston Consulting Group (BCG Platinion, BCG Gamma and BCG Digital Ventures), Bain & Company (Bain Digital) and PwC (PwC Digital).