Accenture Company in a Changing Engineering Business Environment

ANALYSIS AND ASSESSMENT OF ACCENTURE COMPANY IN A CHANGING ENGINEERING BUSINESS ENVIRONMENT IN TERMS OF COMMERCIAL TECHNOLOGY DEVELOPMENT
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Table of Contents Analysis and Assessment of Accenture Company in a Changing Engineering Business Environment in Terms of Commercial Technology Development 3 1.0 Introduction. 3 2.0 Literature Review.. 4 2.1 Organization. 4 2.2 Commercialization. 5 2.3 Organizational Sustainability. 5 2.4 Industry 4.0, Digitization, IoT. 6 3.0 Service/Product 7 3.1 Accenture Blockchain-as-a-Service (BaaS). 7 3.2 Current Competitors. 18 3.3 Advantages of BaaS. 18 3.4        Top Stakeholders. 19 4.0 Analysis. 21 4.1 Current design criteria for BaaS. 21 4.1.1 Technical 21 4.1.2 Economic. 21 4.1.3 Social 22 4.1.4 Environmental 22 4.2 Steps Accenture can Take to Respond to Challenges. 23 4.2.1 Addressing Social, Economic, and Environmental Challenges. 23 4.3 Main Risks Involved for the Product (or Organization) Failing in the Market 24 5.0 Concluding Remarks. 25 5.1 Conclusion. 25 5.2 Reflection. 26 Reference List 27 Word count: 3600 Word count: 3600
Analysis and Assessment of Accenture Company in a Changing Engineering Business Environment in Terms of Commercial Technology Development
1.0 Introduction
Accenture provides outsourcing, technology, and consultancy. Since 1989, the company has grown to employ over 500,000 individuals in 120 countries. Accenture's Blockchain-as-a-Service (BaaS) will be examined. Accenture has pioneered blockchain solutions for many industries. Accenture's BaaS service lets clients easily set up and operate blockchain networks without investing money in equipment or experience. Accenture's BaaS offering addresses industry trust and transparency issues (Williams et al., 2020). Blockchain technology makes transactions secure, transparent, and fraud-proof, which helps build confidence. Blockchain may help supply chains become more transparent and traceable, addressing issues like child labor and environmental damage, and making it relevant to sustainable development. Accenture "delivers on the promise of technology and human ingenuity" to "improve the way the world works and lives." Accenture's BaaS service gives clients the tools and knowledge to build more reliable and open systems.
Accenture shares data with many stakeholders. Even as the systems are open, more transparent, and traceable, the firm warns its service providers about protecting the company’s or their customers’ information’s privacy and security. According to Cuddihy (2020), Accenture follows the rule of the European General Data Protection Regulation (GDPR) published in 2016. The firm asserts that following the GDPR, “which applies to processing of personal data of individuals in the EU, regardless of where it is processed or stored, Accenture built on an already strong privacy core to raise our commitment to privacy and data protection to new levels” (Cuddihy, 2020, pp. 1). This statement shows that clients should be confident and let the company act as their agent in outsourcing and consultancy services. Accenture always reminds the service providers to observe the European General Data Protection Regulation’s requirements and information processing instructions. This study evaluates Accenture's BaaS product for dynamic engineering businesses. The data will evaluate the BaaS offering's economic feasibility, technological readiness level (TRL), and market and social impacts.
Figure SEQ Figure \* ARABIC 1: Accenture BaaS Venn-type diagram (Williams et al, 2020)
2.0 Literature Review
2.1 Organization
Accenture, founded in 1989, provides consulting, technology, and outsourcing services. Over 500,000 people from 120 countries work for the firm (Williams et al., 2020). Forbes named Accenture one of the most innovative firms in the world. The organization has actively invested in innovative technology and solutions to meet client demands. The firm has traditionally supported research and development to remain ahead of the curve and offer cutting-edge technology solutions. Accenture's broad staff includes business, technology, and management experts. Innovation has led to industry-leading solutions in healthcare, financial services, and the public sector (Williams et al., 2020). Accenture's strategic relationships with leading technology businesses have also improved its services.
2.2 Commercialization
In recent years, more organizations have used blockchain-based solutions. Accenture's BaaS lets businesses quickly build and maintain blockchain networks without investing in infrastructure or expertise (Roth et al., 2022). This action makes blockchain technology adoption easier and cheaper for enterprises, improving efficiency, transparency, and security in numerous industries. Accenture's BaaS offers a complete blockchain network development and management solution to address these issues. The software lets companies quickly build and administer blockchain networks without infrastructure or expertise. This conduct lowers blockchain technology adoption hurdles and speeds up commercialization. Accenture's BaaS product helps commercialize...