All posts tagged: Accenture

Pahalgam terror attack, supreme court accenture employee told to go to pakistan

Pahalgam terror attack, supreme court accenture employee told to go to pakistan

Published by Webster

Quick Take Summary is AI generated, newsroom reviewed. The Supreme Court has halted the deportation of Ahmed Tariq Butt, an Accenture employee from Bengaluru, and his family who claim to hold Indian passports but were ordered to leave amid post-Pahalgam tension. New Delhi: The Supreme Court has stayed the deportation of an Accenture employee from Bengaluru and his family as ordered by the government, which is cancelling visas and ejecting Pakistan nationals as part of a flurry of diplomatic restrictions after the Pahalgam terror attack. The man – Ahmed Tariq Butt – had approached the court claiming his six-member family and he had been ordered to leave the country despite holding Indian passports and an Aadhaar card. The court directed verification of the documents and directed that no coercive action be taken against Mr Butt, who has an MBA from the IIM in Kerala’s Kozhikode, till then. Mr Butt was also asked to approach the high court for further relief; this order was contested by the government, represented by Solicitor General Tushar Mehta, but the …

Accenture Employee Shares How He Went From “0 To Rs 5 Crore” In 11 Years

Accenture Employee Shares How He Went From “0 To Rs 5 Crore” In 11 Years

Published by Webster

Gurgaon-based Accenture employee, Gurjot Ahluwalia, has revealed his remarkable financial journey, building a net worth of Rs 5 crore from scratch in just 11 years. Mr Ahluwalia, who aims to be financially independent in 2025, shared his milestone on social media, calling it his biggest achievement of 2024.  He also posted a screenshot of his financial tracking app, displaying a net worth of Rs 5 crore against liabilities of only Rs 2.7 lakh. Mr Ahluwalia credits his success to a three-pronged approach: career advancement for increased earnings, disciplined saving through delayed gratification, and strategic equity investments, which he says were instrumental in reaching his Rs 5 crore net worth in just 11 years. He noted that his transition from a salaried middle-class individual to a net worth of Rs 5 crore was largely due to two key factors: having no debt (as his parents funded his education) and not paying rent (since he lived with his parents). He also acknowledged that recent market corrections had led to an 8-10% decline in his net worth. The …

AI Growth Outpaces Skills Acquisition in Australia

AI Growth Outpaces Skills Acquisition in Australia

Published by Webster

Research from Google and Accenture suggests that an increasing number of Australians and businesses are using artificial intelligence, which may not come as a surprise. However, there is a significant disparity in the number of employees who feel equipped to use AI, and what C-suite executives perceive that number to be. Google polled 1,000 Australians and found that 49% used generative AI in the last year, up from 38% in 2023. This rise is accompanied by a new level of optimism. The proportion of people who believe AI will benefit them increased by 6%, and the percentage who think it will change work for the better within five years rose by 7%. Accenture surveyed 790 C-suite executives and 687 non-C-suite level employees across five Asia Pacific countries, including Australia, for its Pulse of Change report. A whopping 87% of the leaders said they planned to boost their AI investment in 2025, and 91% believe their employees are able to use the technology efficiently. Employees feel differently, though: Only 70% feel prepared to make  the most …

Karnataka to set up 3 global innovation districts in Bengaluru, Mysuru, Belagavi: CM Siddaramaiah | Bangalore News

Karnataka to set up 3 global innovation districts in Bengaluru, Mysuru, Belagavi: CM Siddaramaiah | Bangalore News

Published by Parlour News

Karnataka will establish three dedicated global innovation districts—in Bengaluru, Mysuru and Belagavi—as part of its Global Capacity Centres (GCC) policy, Chief Minister Siddaramaiah announced on Tuesday. Speaking at the inaugural event of the 27th edition of the Bengaluru Tech Summit in the state capital, Siddaramaiah said, “Karnataka has launched India’s first dedicated Global Capability Centres (GCC) policy, aimed at empowering and supporting these centres. Taking the policy announcement forward, I am proud to announce that we will establish three dedicated global innovation districts in Bengaluru, Mysuru and Belagavi. These will be dedicated parks for GCCs to set up shop here in the state.” “Our state is a preferred destination for GCCs, thanks to its unmatched engineering talent and the highest number of AI professionals globally. This will further be strengthened by our initiatives under NIPUNA Karnataka, which will be a programme designed to create an industry-ready workforce. The five MoUs signed just now, with Microsoft, Intel, Accenture, IBM and BFSI Consortium, will skill 1 lakh people in Karnataka,” he added. According to an official statement, …

Accenture, SAP Leaders on Diversity Problems and Solutions

Accenture, SAP Leaders on Diversity Problems and Solutions

Published by Webster

Generative AI bias, driven by model training data, remains a large problem for organisations, according to leading experts in data and AI. These experts recommend APAC organisations take proactive measures to engineer around or eliminate bias as they bring generative AI use cases into production. Teresa Tung, senior managing director at Accenture, told TechRepublic generative AI models have been trained primarily on internet data in English, with a strong North American perspective, and were likely to perpetuate viewpoints prevalent on the internet. This creates problems for tech leaders in APAC. “Just from a language perspective, as soon as you’re not English based — if you’re in China or Thailand and other places — you are not seeing your language and perspectives represented in the model,” she said. Technology and business talent located in non-English speaking countries are also being put at a disadvantage, Tung said. The disadvantage emerges because the experimentation in generative AI is largely being done by “English speakers and people who are native or can work with English.” While many home grown …

Australian Firms Lag in Global Digital Transformation Race

Published by Webster

A disproportionately large portion of Australia’s local companies are struggling to keep up with the pace of global digital adoption and transformation, according to new data from the local arm of Accenture. The consulting firm found 40% of local companies fall in the bottom quartile of companies when ranked by their digital maturity level against global competitors in countries in North America, Europe, and Asia. Matt Coates, technology lead at Accenture Australia and New Zealand, told TechRepublic: Local companies will need to consider investing more of their IT budgets in strategic innovation rather than merely maintaining existing systems to keep pace. Companies must also take a balanced approach to managing technical debt, with Accenture advising clients to direct 15% of IT budgets to debt remediation. Digital maturity was ranked based on how advanced they are in adopting a “digital core” — a term Accenture uses to describe the cloud infrastructure, digital platforms, data architecture, and security backbone that allow for an organisation to innovate and grow. Matt Coates, technology lead, Accenture Australia and New Zealand …

With 29 global offers, 516 IIM-Bangalore students bag ₹32.5 lakh average annual salary

Published by Parlour News

The Indian Institute of Management-Bangalore (IIM-B) on Thursday said it has concluded placements for the Post Graduate Programme in Business Analytics (PGP-BA) 2024 and the Post Graduate Programme in Management  (PGP) 2024.  The placement week, which ended on February 7, 2024, saw 503 students placed, while 13 students were placed in a subsequent rolling placement process. The median annual salary stands at Rs. 32.5 lakhs. A record 29 students were placed abroad with Infosys Consulting (7), Strategy & Middle East (6), Jindal Shadeed (5), TransformationX (3), EY Parthenon Singapore (2), JP Morgan Chase London (2), Health City Cayman Islands (2), Fast Retailing, Japan (1) and Landmark Group, Middle East (1) while 487 students will be working in India, IIM-Bangalore said in a statement. Acknowledging that 2024 has been a challenging year regarding the placements, Prof Ganesh N Prabhu, Chairperson, Career Development Services, IIMB, said, “In a difficult placement year, we are immensely grateful to Accenture as they reposed confidence in IIMB students by making a record of 58 offers across its three units – Global …

Mukesh Ambani’s Reliance Industries is now bigger than Netflix, Accenture

Published by Parlour News

Billionaire Mukesh Ambani-led Reliance Industries Limited (RIL) this week ended up touching a new height as the most valued company in India, with its market capitalisation crossing ₹20 lakh crore for the first time, creating history. Mukesh Ambani, chairman of Reliance Industries Limited RIL became the first Indian company to have a market value of more than ₹20 trillion, with its shares hitting a record high of ₹2,967 in intra-day trade on February 14. The landmark achievement places the company at the 49th position among the world’s top 50 companies by market capitalisation. Discover the thrill of cricket like never before, exclusively on HT. Explore now! With this significant achievement, Reliance surpasses major global firms like Cisco Systems, Pepsi Co and Shell Plc. Factoring in the market cap of Jio Financial Services, Reliance is now worth more than giants like Netflix and Accenture. The combined market cap of Reliance Industries and Jio Financial Services, which demerged from its parent company last year, puts Ambani’s firm at the 43rd position among the top 50 most valued …