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This Week in Consulting

Friday, May 18th, 2018

Predictions on Digital Regulation

THIS WEEK’S MUST READ

“Beyond APIs, secure APIs, and other embedded capabilities, the technology industry will begin to rapidly and dramatically change how it provides the most secure capabilities and services.”

Over the last few years, audit controls, compliance regulations, and damage to reputations due to data breaches have continued to increase and show no signs of slowing down. In 2017, big technology firms began to face a global techlash, debates flared around the governance of data privacy, and business adoption of AR/ VR technologies and data science appear to have reached a tipping point. What implications this trend may have for companies adopting digital technologies? This Week’s Must Read is an insight piece from Oliver Wyman, where the consultants share predictions on what the future has in store for technology and data regulation, and business adoption of data science and technology.

Read on to Find out More: “Predictions On Digital Regulation, Data Science, And Technology”, featuring Paul Beswick, Chris DeBrusk, Paul Mee, Thierry Mennesson, and Ethan Murray from Oliver Wyman.


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THIS WEEK’S VIDEO:

Marie Wallace, an analytics strategist for IBM, offers some fresh thinking on how we maintain privacy while gleaning insight from all of the collected information.

INDUSTRY NEWS & INSIGHTS

  • PA Consulting Group Acquires Digital Consultancy Sparkler: London-based digital marketing and analytics consultancy Sparkler has been purchased by PA Consulting for an undisclosed fee. The deal sees PA add 60 experts to its digital and strategic expertise, as the firm looks to utilise acquisitions to build on a strong 2017. | PA Consulting Press Release
  • Bain & Company Buys Digital Agency FRWD: CBain & Company is in line to complete the acquisition of digital marketing firm FRWD. The purchase will see Bain become the latest of the ‘MBB’ trio to bolster its design and advertising capacity via inorganic expansion, with rivals BCG and McKinsey & Company already having spent big in the sector. | Bain Press Release
  • CGI Group Acquires IT Consulting firm Facilite Informatique: CGI announced the acquisition of Facilité Informatique, an IT consulting services firm with a strong local presence in Montréal and Québec City. With established practices in high-demand digital services, Facilité Informatique further increases CGI’s extensive capabilities in order to best meet its clients’ needs. | Street Insider
  • Five Trends in Agile to Look Out for: Agile working provides organisations an approach to improve both efficiency and effectiveness, as well as employee satisfaction. The agile methodology is therefore rapidly gaining terrain in the business landscape. While the way of working traces its roots back to IT-related departments, Agile has now clearly made its way to the corporate landscape. | Consultancy uk

THOUGHT LEADERSHIP

  • Connected Risks: Cybersecurity regulations and mitigation approaches in US, Europe & Asia: Protecting data is tricky business. Data is a modern-day Frankenstein: what was once an asset is showing signs of becoming a liability. While its complexity and reach fill one with a sense of awe, this big global IoT beast – with data as its life-blood – is powerful, yet dangerous.  | Anthony J. Ferrante, Pablo Lopez-Alvarez, Amrit Singh Deo, FTI Consulting
  • The U.S. Healthcare Implications of Europe’s Stricter Data Privacy Regulations: Domestic healthcare organizations must brush up on the EU’s General Data Protection Regulation (GDPR) compliance or risk heavy fines. Investing in GDPR-approved technologies, such as pseudonymizing, will enhance healthcare organizations’ overall data security and privacy, as this white paper recommends. | Vanessa Pawlak, Octavia Costea , Cognizant
  • A New Regulatory Framework for the Digital Ecosystem:  The telecoms regulations in place today are largely the same as those used to regulate 20th Century technologies and markets. We cannot allow tomorrow’s technologies to be stifled by yesterday’s regulations. Our digital economy deserves better now is the time for a regulatory reset.  | Jeffrey Eisenach, Bruno Soria, NERA Consulting
  • 2018: Digital Predictions in the Year of Fragility:  In the flurry and upheaval of last year, where the accepted norms of politics, economics and society were challenged, or tossed aside, opportunity abounds. And while technology is well placed to help companies to thrive in this environment, it would be naive to foresee only smooth sailing.  | John Riccio, PwC Digital Pulse

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Published in This Week in Consulting, TWIC 2018 - Top 9

About The Author

Hélène Laffitte

Helene is the CEO and Co-founder of Consulting Quest. She launched Consulting Quest in 2014, driven by the idea that a global performance-centric Consulting service platform would greatly benefit clients by helping them source better.  Helene’s background in Engineering, Consulting, Procurement, and Industrial Strategy has contributed to the creation of an extremely athletic business model, set to change the way consulting is procured.

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