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Accenture Opens Innovation Hub in Perth, Australia, to Help Mining and Energy Companies Boost Return on Investments in Digital Technologies

PERTH, Australia–(BUSINESS WIRE)–Accenture (NYSE: ACN) today opened an innovation hub for mining and energy companies in Perth, Western Australia. At this location, clients can work with Accenture professionals and designers, technology providers, venture start-ups and academia to quickly turn ideas into solutions that can improve business performance.

The innovation hub is designed to help mining and energy companies address the challenges and opportunities of digitalization. These include improving sustainability, cybersecurity, health, safety and productivity of workers, and the performance of machines.

To this end, the facility brings together service design, advanced digital technologies, data science and industry knowledge under one roof. Clients can explore technology innovations including cloud computing, artificial intelligence, the internet of things, virtual and augmented reality, quantum computing, blockchain and drones.

The innovation hub expands Accenture’s global network of Industry X.0 innovation centers. Industry X.0 is Accenture’s approach to using digital technologies to improve how companies engineer and manufacture products and services and operate industrial facilities.

The Perth location is the latest Accenture innovation hub in Australia, joining others in Sydney, Melbourne and Canberra. These locations are also connected to more than 100 Accenture innovation hubs and centers around the globe, bringing the best of Accenture’s capabilities, experience and thinking to clients in Australia.

“The new hub delivers innovation to our clients’ doorsteps here in Australia,” said Bob Easton, chairman of Accenture in Australia and New Zealand. “We invest locally and leverage Accenture’s global capabilities to develop innovation that puts Australia on a world stage.”

One example is Accenture’s new Mobile Innovation Studio, due to launch in 2020. The mobile studio enables clients to develop and test new products, services, and strategies on their operational processes from any location, as Accenture can ship the portable studio space to remote mining and energy sites across Australia.

“With this new innovation hub, we are helping raise the innovation profile of Western Australia and Australia overall,” said Ann Burns, who leads Accenture’s Resources sector in Australia and New Zealand. “We believe that the Western Australian energy and mining sectors can become world leaders in digitalization. Crucial to this is a focus on what we refer to as ‘triple zero’: ideas, design and technologies that help achieve zero harm to workers and machines, zero loss across the value chain, and zero waste for sustainability.”

Jean-Marc Ollagnier, group chief executive of Accenture Resources, said, “The energy transition, circular economy, and sustainability provide opportunities to change business models, improve operations, and attract and retain talent. At the innovation hub, we will help clients apply digital technologies to create value across their enterprises.”

Located at the Exchange Tower, 2 The Esplanade, the innovation hub has been designed to host sessions that go from developing an idea to building a prototype and planning how to deploy the full solution. It includes a Liquid Studio, where clients can rapidly develop prototypes; a new design studio from Fjord, Accenture Interactive’s design and innovation consultancy; and a MakerLab space for 3D printing.

The space’s visual identity represents materials, colors and values of Western Australia, for example, work by Indigenous artists, The Molony Brothers. Accenture commissioned them to create several pieces of art that were inspired by the land and celebrates the local flora and fauna. The juxtaposition of creative design and digital technology is designed to inspire new thinking and fresh ideas.

About Accenture

Accenture (NYSE: ACN) is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology and operations. Combining unmatched experience and specialized skills across more than 40 industries and all business functions — underpinned by the world’s largest delivery network — Accenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders. With 492,000 people serving clients in more than 120 countries, Accenture drives innovation to improve the way the world works and lives. Visit us at www.accenture.com.

Contacts

Sinéad Moore

Accenture

+61 419 468 985

[email protected]

Business Wire , 2019-11-20 20:02:18 ,

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NewsBlock © 2019 - 2020. All rights reserved.


While Bitcoin’s price seemingly moves without rhyme or reason — collapsing by dozens of percent and embarking on face-melting rallies on a whim — the cryptocurrency market is filled to the brim with fractals.

Related Reading: Analyst: Bitcoin Price Likely to Fall to Low-$8,000s as Chart Remains Weak

A brief aside: A fractal, in the context of technical analysis and financial markets anyway, is when an asset’s price action is seen during a different time. This form of analysis isn’t that popular, but it has proven to be somewhat valuable in analyzing Bitcoin.

One recent fractal popularized by a well-known cryptocurrency trader is implying that BTC is going to return to the low-$7,000s in the coming days.

Bitcoin Fractal Implies Retracement to Low-$7,000s

A well-known crypto trader going by “Tyler Durden” on Twitter recently posted the chart below, which shows that a Bitcoin price fractal may be playing out. The fractal has four phases: horizontal consolidation marked by one fakeout, a surge above the consolidation phase, a distribution, then a strong drop to fresh lows.

If the fractal plays out in full, BTC could reach the low-$7,000s again, potentially as low as $7,100. This would represent a 20-odd percent collapse from the current price point of $8,800.

It isn’t only a fractal that is hinting Bitcoin has the potential to visit its lows. As we reported on Saturday, Bloomberg believes that if the GTI Vera Convergence Divergence Indicator flips red, a downtrend could push the cryptocurrency back to $7,300.

Related Reading: Stephen Colbert Pokes Fun at Bitcoin in Monologue: Mainstream Gone Wrong?

Can Bulls Step In?

But again, many believe it is irrational to have such bearish interpretations of the cryptocurrency’s chart at the moment. As reported by NewsBTC earlier, Popular crypto trader Mayne recently noted that the “people waiting for $6,000” are irrational. He quipped that Bitcoin retracing and consolidating after its fourth-biggest bull move in history ($7,300 to $10,500, a 42% gain) is perfectly par for the course, but noted that it’s totally possible we can go lower from $8,800.

The medium-term technicals support this.

Trader and CoinTelegraph contributor FilbFilb found that by the end of November or start of December, the 50-week and 100-week moving averages will see a “golden cross,” which he claims is far more significant” for the Bitcoin market that other technical crosses.

Also, a Bitcoin price model created using Facebook Prophet machine learning found that the leading cryptocurrency is likely to end the year at just over $12,000. What’s notable about this model is that it called the price drop to $8,000 months in advance, and forecasted a ~$7,500 price bottom for BTC.

To put a cherry on the cryptocurrency cake, Crypto Thies observed that when Bitcoin bottomed at $7,300, it bounced decisively off the 0.618 Fibonacci Retracement of the move from $3,000 to $14,000, which correlates with the two-week volume-weighted moving average. He added that summer 2019’s consolidation was marked by Bitcoin flipping major resistances into support levels, implying that a bullish reversal and subsequent continuation is likely possible in the coming weeks.

Featured Image from Shutterstock


Nick Chong , 2019-11-10 12:00:38

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