Accenture: reaffirming its position as the best consultancy firm
Accenture is often rated as the best consultancy firm and certainly claims first place when ranking by revenue - US$17.3bn in 2019 according to Consulting.com - but it has had this status reaffirmed by Oracle, who named Accenture its Partner of the Year 2019. According to Oracle, the factor that clinched the award for Accenture was its commitment to assisting clients with leveraging the cloud capabilities to accelerate market growth.
“The award signals our promise to helping clients evolve into intelligent enterprises with Oracle technologies,” said Thinus Greyling, Principal Director for Business and Technology Integration at Accenture in Africa. “It also reflects our ability to deliver for clients in Africa as they embark on their digital transformation journeys — now and moving forward.”
[Image: Thinus Greyling, Principal Director for Business and Technology Integration at Accenture in Africa, Accenture]
Accenture assists a number of companies with digital transformations, but its commitment to Oracle has been exemplary through its clear communication regarding financial and technical trends in the industry and its alignment to Oracle’s visions for the Cloud. “Through our Liquid Studio, we are able to work side-by-side with clients for intensive experimentation to quickly turn ideas into innovative applications and solutions, leveraging Oracle Cloud technologies such as Autonomous, Artificial Intelligence, Machine Learning and Chatbots,” said Greyling.
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Accenture has implemented Oracle Cloud technologies to assist Oracle’s customers in better handling data, transforming it into valuable analytics. “We help clients apply innovation so they can anticipate and prepare for the next wave of technology disruption. Our clients get access to our unmatched global and industry expertise across the full suite of Oracle Cloud solutions,” he says.
Accenture has over 54,000 consultants trained in Oracle platforms to assist the implementation of its solutions around the world, continuing to honour a 25-year partnership. This not only reaffirms this partnership as one of the most powerful partnerships globally, but consolidates Accenture's position as the number one consultancy company internationally.
Did you know?
Oracle has recognised Accenture with more than 30 awards for partner excellence in 2018 and 2017.
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Start-ups receive $60 billion investment, smash 2020 record
Start-ups on the continent have raised a massive 43.8 billion euros ($60.9 billion) in just the first six months of 2021, according to figures from Dealroom, surpassing the record 38.5 billion euros invested last year..
This is despite the fact that the number of venture deals signed so far is around half the amount agreed in 2020. Only about 2,700 funding rounds have been raised so far this year, compared to 5,200 last year.
Prime examples in times of change
Examples are Swedish buy-now-pay-later firm Klarna which has raised more than $1.6 billion in two financing rounds, the German stock trading app Trade Republic received $900 million in May and British payments provider Checkout.com snapped up $450 million at the start of the year.
The figures suggest that European tech firms are pulling in far larger sums of money per investment than in previous years, which defies the economic uncertainty of the pandemic and boosted online services enormously.
The CEO of Checkout.com, Guillaume Pousaz, said start-ups have often been created in times of crisis, citing the emergence of several new financial technology companies in the wake of the 2008 global financial crisis.
He added that big transformational change was often the time when there is the emergence of a lot of new start-ups, sometimes when people are losing their jobs for associated reasons.
UK leading the charge
Scale-Up Europe, a group that includes the founders of UiPath and Wise, proposed 21 recommendations to help the region build “the next generation of tech giants.” Among the suggestions are tax credits to corporates for investing in start-ups and regulatory changes that adapt to new innovations.
Sebastian Siemiatkowski, CEO of Klarna, said the U.K. leads Europe when it comes to tech policy, and that there were a number of regulatory issues needing to be addressed before the European Union can produce tech giants of its own.
Siemiatkowski highlighted EU regulation of web cookies as an example of “poor regulation.” Yet, as the number of $1 billion start-ups in Europe continues to grow, the number of exits in the continent is also increasing.
This year has already seen some notable acquisitions, including Etsy’s $1.6 billion purchase of U.K. fashion resale app Depop and JPMorgan’s takeover of London robo-advisor Nutmeg.
As for stock market listings, a number of notable debuts have taken place in London in particular, including food delivery app Deliveroo, cybersecurity firm Darktrace and reviews site Trustpilot. Money transfer giant Wise, formerly known as TransferWise, plans to go public in the U.K. capital soon.