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The Open Talent Economy: People and work in the borderless economy

October 14, 2014 Comments off

The Open Talent Economy: People and work in the borderless economy
Source: Deloitte

Talent is no longer a mere business expense, but an asset to be invested in — and measured.

The Open Talent Economy introduces a framework to guide talent strategy that brings together three components:

  • External influencers (the global megatrends, along with regional and industry trends)
  • Talent investments (the strategies, programs, and infrastructure solutions available to an organization)
  • Business performance (the measurable business and talent outcomes of the investments an organization has chosen)

The framework also recognizes that talent strategy isn’t only about your workforce or the mass of available talent, but also about individuals—each at a different stage of their career and lifecycle as an employee. The ways you acquire, develop, reward, and retain these individuals will vary according to the openness of your strategy.

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2014 Deloitte-NASCIO Cybersecurity Study

October 9, 2014 Comments off

2014 Deloitte-NASCIO Cybersecurity Study
Source: Deloitte/NASCIO

The third biennial Deloitte-National Association of State Chief Information Officers (NASCIO) Cybersecurity Study, conducted in the spring of 2014, assessed the state of cybersecurity initiatives administered by state chief information security officers (CISOs). CISOs from 49 states participated in the survey and 186 business leaders from a broad cross-section of states responded to a parallel survey. The study highlights the challenges that states and chief information officers (CIOs)/CISOs face in protecting states’ critically important systems and data. The survey results call for greater communication and collaboration with business leaders.

The following key themes emerged from the report:

  • Maturing role of the CISO: State CISO role continues to gain legitimacy in authority and reporting relationships. In 2014, 98% of respondents state they have a CISO role, and 90% of these roles report to the CIO. The responsibilities of the position are becoming more consistent across states, yet expanding. CISOs today are responsible for establishing a strategy, execution of that strategy, risk management, communicating effectively with senior executives and business leaders, complying with regulators, and leading the charge against escalating cyber threats using various security technologies.
  • Continuing budget-strategy disconnect: The improving economy and states’ growing commitment to cybersecurity have led to an increase – albeit small, in budgets. 48% of respondents noted an increase in budget; however, budget is still the #1 barrier. CISOs have also been successful at tapping supplemental resources, whether from other state agencies, federal funding, or various agency and business leaders. Nevertheless, budgets are still not sufficient to fully implement effective cybersecurity programs.
  • Cyber complexity challenge: CISOs are concerned about the intensity, volume and complexity of cyber threats that run the gamut from malicious code to zero-day attacks. Sophistication of cyber threats is the #2 top barrier. 74.5% of respondents cited malicious code as the top external threat. CISOs need to stay abreast of existing and developing threats and increasing regulations to establish and maintain the security of an information environment that now increasingly extends from internal networks to cloud and mobile devices.
  • Talent Crisis: The skill sets needed for effective cybersecurity protection and monitoring are in heavy demand across all sectors. 59% of CISO respondents choose Talent as one of the top barriers. State CISOs are struggling to recruit and retain people with the right skills, and they will need to establish career growth paths and find creative ways to build their cybersecurity teams.

Offline and falling behind: Barriers to Internet adoption

October 3, 2014 Comments off

Offline and falling behind: Barriers to Internet adoption
Source: Deloitte

In a little more than a generation, the Internet has grown from a nascent technology to a tool that is transforming how people, businesses, and governments communicate and engage. The Internet’s economic impact has been massive, making significant contributions to nations’ gross domestic product (GDP) and fueling new, innovative industries. It has also generated societal change by connecting individuals and communities, providing access to information and education, and promoting greater transparency.

However, not all countries have harnessed the Internet’s benefits to the same degree. In a new report, we examine the evolution of Internet adoption around the world, the factors that enable the development of a vibrant Internet ecosystem, and the barriers that are impeding more than 60 percent of the global population from getting online.

CFOs and Sustainability: Shaping their roles in an evolving environment

September 26, 2014 Comments off

CFOs and Sustainability: Shaping their roles in an evolving environment
Source: Deloitte

Deloitte’s new whitepaper, CFOs and Sustainability: Shaping their roles in an evolving environment, reveals numerous trends in the environmental, health, safety, and social impacts of the enterprise:

  • CFOs are becoming more involved in setting and executing sustainability strategy.
  • The impact of sustainability on key financial decisions has increased in M&A, capital allocation, and capital raising.
  • Compliance with new energy efficiency and carbon regulations remain areas of high concern.

Many additional insights may be found in the whitepaper, which summarizes Deloitte’s most-recent survey; puts the findings in context with similar surveys from prior years; and provides Deloitte’s analysis and suggestions regarding potential action steps.

In addition, the paper can enhance a CFO’s understanding of his or her role in sustainability by providing a window on the sustainability activities of peers and competitors.

Deloitte Survey: Where There is Reward for Travel, There is Risk

September 23, 2014 Comments off

Deloitte Survey: Where There is Reward for Travel, There is Risk
Source: Deloitte

Three-quarters (75 percent) of frequent travelers expect their loyalty program data to be secured to at least the same standard as a financial institution — but only 33 percent feel their accounts are secure enough, according to a new Deloitte study, “Loyalty data security: Are hospitality and travel companies managing the risks of their rewards programs?”

Few frequent travelers appear fully aware of the wider risks involved when loyalty data — including travel schedules and other personal data — is lost or stolen. Roughly one in seven (15 percent) are simply concerned that a breach would result in a loss of loyalty points, while the majority of travelers (76 percent) worry about the loss of credit card numbers.

The Disruptive Rise of Value-Based Care

September 16, 2014 Comments off

The Disruptive Rise of Value-Based Care
Source: Deloitte

The health care industry is ripe for disruptive innovation as systemic challenges continue to face the industry and stakeholders demand increased value.

A successful disruptor could emerge as value–based care gains traction and providers and health plans continue to look for new ways to deliver care and utilize technology to meet the needs of health care consumers.

The potential disruptor could enter the market with a low-cost solution that initially serves an unattractive segment. Powered by an enabling technology, this new solution could, in short order, meet mainstream customers’ needs so much better that the innovator unseats the market leader.

This is a likely scenario in the primary care physician market, where patient visits could shift to lower-cost settings, such as e-visits, or alternative clinicians, such as nurse practitioners.

Good for what ails us: The disruptive rise of value-based care explores how and where disruptive innovation might occur in health care, discusses what can be learned from other industries that have faced similar disruption and outlines innovation opportunities in a post-reform world.

Deloitte Review — Issue 15

September 11, 2014 Comments off

Deloitte Review — Issue 15
Source: Deloitte

Is the romance gone? An extensive new study suggests that Gen Y takes a more pragmatic view of car ownership. Deloitte Review issue 15 also explores analytics and predicting behavior; new players in the intellectual property arena; the economics of additive manufacturing, and the persistent problem of labor abuse in supply chains.

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