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For the third year in a row, Deloitte has been recognized for its innovative strength, taking first place among AFR’s Most Innovative Companies in the Professional Services category.
Deloitte Illuminate’s supply chain tool has been named Australia’s best professional services innovation as determined by Australian behavioral science consultancy Inventium. For Deloitte, this recognition marks the third place on the podium in the list of the most innovative companies in as many years.
“We are delighted to be recognized for our innovative program and culture,” said Deloitte’s chief strategy officer Clare Harding. “We work hard to experiment and collaborate with our clients to make an impact. Our innovation agenda focuses on doing things differently using game-changing technology, (while) our innovative culture encourages all our team members to think differently and experiment.”
Deloitte Illuminate provides greater insight into complex supply networks using machine learning, enabling organizations to mitigate disruption risk and seize opportunities through automated insights without the need for time-consuming manual interaction with suppliers.
One client’s pilot program reportedly generated more than $17 million in cost optimization and other benefits. “For many organizations, Illuminate will be the first time they’ve been able to achieve this level of transparency across their entire supply chain,” explained Jesse Sherwood, who co-led Illuminate with Abhi Lekhi.
“It’s a great recognition for our company and our team,” Sherwood said from Melbourne. “It’s a really great example of our approach to innovation. It solves a problem that affects almost all of our clients, but that they never had the tools to solve. This need will grow in importance with the increased risk to global supply chains posed by Covid-19 and other external events.”
The latest accolade continues a period of success for the firm, with Deloitte awarded Best Overall Innovation in 2019 for its intelligent document processing solution Cube, and a year later backed by second place in the professional services category – this time for a purpose-built chatbot developed to answer to questions about the impact of Covid-19 on Australians’ superannuation funds and balances.
“Innovation is no longer a ‘nice to have’. In our competitive and disrupted world, organizations that can’t or won’t ‘do’ innovation simply can’t keep up,” Deloitte Australia Chief Innovation Officer Jason Bender said. “To be named number one again in the professional services category is a wonderful recognition of our continued commitment, creative thinking and disciplined approach to innovation.”
Other companies recognized in this category were: Accenture (for its myBuddy innovation), Aurecon (Aurecon A-Bridge), LiveHire (LiveHire’s Branded Talent Communities), Bendelta (Design Bank), TSA (Cerebro), Allens (Allens Online Compliance Training), Stantec (acoustics and virtual reality) and Risk 2 Solution (Presilience).
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