Accenture spends $1 billion on reskilling employees: CEO
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Accenture spends $1 billion on reskilling employees: CEO
Shilpa Phadnis / TNN / Updated: Feb 20, 2021, 16:36 IST
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BENGALURU: Accenture CEOJulie Sweet has said the company spends $1 billion on reskilling its people for professional development. “We do massive reskilling. We invest $1 billion a year and millions of training hours. All of this is a part of our commitment to sustainability. This is how we operate and we are doing this for many years now,” Sweet said at the Nasscom Technology & Leadership Forum 2021 on Friday.
Sweet said sustainable businesses have unlocked opportunities for constantly reskilling employees even as organisations are becoming more agile. Accenture has extended its reskilling efforts to its clients too. US consumer electronics retailer Best Buy, for instance, announced that they were creating 1,000 new jobs in technology. “And they’r
ETtech Morning Dispatch on Feb 19, 2021: NPCI rival worries FinMin, WhatsApp nudges users
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India’s three largest retail banks SBI, HDFC Bank and Bank of Baroda have been planning to form a consortium that would rival the
National Payments Corporation of India (NPCI) for a few months now. The three banks are also a part of the consortium that is
NPCI.
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It’s no surprise the finance ministry isn’t a big fan of the idea, especially given the involvement of two large public sector banks. It has raised concerns about a conflict of interest and is worried the proposed entity could turn into a monopoly and damage flagship NPCI projects such as UPI and RuPay.
Read more about Sustainability can help companies become more profitable: Accenture CEO on Business Standard. Sweet cited a research that said companies that have combined sustainability into their business strategy are 2.5 more successful than those who have not
Trust will play crucial role in hyper-digital world: Industry experts
February 19, 2021
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As the Indian technology industry gains momentum in its hyper-digital journey, talent, transparency, and trust gain prominence for systematic growth
“It is important for companies to look at privacy and data security as an issue beyond compliance but actually looking at it as a differentiator and a competitive advantage,” said Rupa Kudva, Partner and Managing Director at Omidyar Network, while speaking in a panel discussing how to sustain trust in technology at Nasscom’s Technology and Leadership Forum 2021.
“As far as responsible data sharing is concerned the onus has to shift from over-reliance on the use of informed consent by users to quality assurance by providers” Kudva added.
‘Developing global framework can help build trust in tech’
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Facebook India VP favours India taking lead in the move
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Facebook India VP favours India taking lead in the move
Facebook India’s vice president and managing director Ajit Mohan on Friday pitched for developing a global framework, with India taking the lead, to help build and sustain people’s trust in technology. He, however, added that the move towards rules and regulations should be in a way not to stifle innovation.
“The very fact that the Internet means that you’re connecting people from around the world, means that as we think about the governance framework…it will be helpful if India takes the leadership role,” Mr. Mohan said.