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Deloitte teams with Nvidia to launch the Deloitte Center for AI Computing

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Deloitte has announced the launch of the Deloitte Center for AI Computing, a first-of-its-kind center designed to accelerate the development of innovative artificial intelligence (AI) solutions for Deloitte clients.

Built on Nvidia’s DGX A100 systems, the center brings together the supercomputing architecture and AI expertise that clients require as they become AI-fueled organizations.

Accelerated computing platforms featuring Nvidia graphics processing unit (GPU) technology, Nvidia networking and Nvidia software are transforming data processing, analytics and AI by bringing massive parallel processing capability and speed to demanding deep learning, machine learning and data science workloads. [Read more…] about Deloitte teams with Nvidia to launch the Deloitte Center for AI Computing

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    Economy and Business News provides information about the world we live in today, with all its complex trends and perspectives. 
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  • Capital strategies being rewritten as C-Suite grapples with immediate impact of new reality
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    Capital strategies being rewritten as C-Suite grapples with immediate impact of new realityBusiness leaders are focussing on navigating the immediate impact that COVID-19 has across supply chains, revenue and profitability, while reconfiguring capital allocation and M&A plans for the post-crisis world, according to the 22nd Edition of the EY Global Capital Confidence Barometer (CCB22). Almost three-quarters (73%) of respondents to CCB22, a…
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Capital strategies being rewritten as C-Suite grapples with immediate impact of new reality, says EY

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Business leaders are focussing on navigating the immediate impact that COVID-19 has across supply chains, revenue and profitability, while reconfiguring capital allocation and M&A plans for the post-crisis world, according to the 22nd Edition of the EY Global Capital Confidence Barometer (CCB22).

Almost three-quarters (73%) of respondents to CCB22, a survey of more than 2,900 C-Suite executives globally, expect COVID-19 to have a severe impact on the global economy in the form of supply chain disruption, as well as declining consumption. At the same time, executives are reviewing their operating models in response to the crisis. The increasing shutdown of activity in many parts of the world has exposed vulnerabilities in many companies’ supply chains, with over half (52%) taking steps to change their current set up and 41% investing in accelerating automation.

With just under half of global businesses (49%) reporting profit margins that are either the same or lower than two years ago even before the current crisis, the vast majority of companies (95%) are bracing for further downward pressures on margins as the global economy slows. [Read more…] about Capital strategies being rewritten as C-Suite grapples with immediate impact of new reality, says EY

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Role of ‘chief sustainability officer’ will rise to prominence in coming years

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Today the Institute of International Finance (IIF) and Deloitte UK published findings of a global survey of sustainability professionals and other senior executives about the role of Chief Sustainability Officers (CSOs) in addressing the environmental, social and governance (ESG) imperative.

“Financial service firms can play a critical role in helping transition the world to a low-carbon economy through sustainable finance as well as driving their own evolution. I am pleased that this IIF and Deloitte report provides insight into the role a Chief Sustainability Officer can play in helping drive efforts forward,” Axel Weber, IIF Chairman and Chairman of the Board of Directors of UBS Group, said.

“One thing is clear: These are whole firm efforts, they need a strong and strategic mandate, and each firm must find its own approach that works for its structure and culture.” [Read more…] about Role of ‘chief sustainability officer’ will rise to prominence in coming years

Deloitte Global tech, media and telecom predictions: Growth in digital reality, virtual doctor visits, cloud, and sports tech intensify

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Deloitte Global has released its Technology, Media & Telecommunications (TMT) Predictions report, which highlights how worldwide trends in TMT may affect businesses and consumers worldwide. In addition, the report highlights how many of these trends are being driven by the global pandemic’s economic and societal impacts, resulting in intensifying growth in video, virtual, and cloud technologies, as well as in media segments such as sports.

“While some technologies followed expected growth patterns, the reality of a global pandemic has resulted in unprecedented technology acceleration that has fundamentally changed how we live and work,” said Ariane Bucaille, Deloitte Global Technology, Media & Telecommunications Industry leader. “A range of enterprise and consumer technologies—from 5G to the cloud to virtual reality—will continue to offer opportunities to the worldwide business ecosystem.”
Doctor visits move to video

One effect of COVID-19 has been jumpstarting a worldwide trend of telemedicine, including video-based doctor visits. The global pandemic not only necessitated the elimination of regulatory barriers to such visits but also helped consumers better understand and leverage video calling apps, especially consumers over the age of 65. [Read more…] about Deloitte Global tech, media and telecom predictions: Growth in digital reality, virtual doctor visits, cloud, and sports tech intensify