Julie Sweet
Chief Executive Officer at Accenture
Thank you, KC. Let's begin with the demand environment. We are experiencing double-digit growth in all parts of our business across all markets, industries, and services all our growth priorities, Applied Intelligence, Cloud, Industry X, Intelligent Operations, Intelligent Platform Services, Interactive Security and Transformational Change Management, all are growing double-digits. Many of our clients are taking on bold transformation programs often spanning multiple parts of the enterprise and an accelerated timeframe, which we call compressed transformation as they recognize the need to transform every part of their enterprise with technology, data, and AI, and new ways of working. What is also clear is that the sheer speed at which an enterprise now needs to move and the breadth of the expertise required to transform demand partnerships. For example, our wide range of managed services from Intelligent Operations to application development and maintenance to cloud, infrastructure, and security.
Our strategic capabilities that enable our clients to digitize faster, access hard-to-hire talent, transform more quickly due to our deep expertise, and achieve outcomes from greater efficiency to improve customer satisfaction, to enhance security, to faster development, to higher growth. Our managed services are unique because they combine our strong strategy and consulting capabilities to anticipate and shape the future and be at the cutting edge of industry function and technology. We also see our clients looking for partners who can create 360-degree value upskilling their people, focusing on enhancing diversity, and building in sustainability, which is our focus.
Stepping back, when you think about the extraordinary growth we are experiencing and how we navigated the pandemic, we believe our commitment to create 360-degree value for all our stakeholders and our unmatched diversity of people, services, industries, functions, markets, ecosystem partners, and investments together with our leadership and technology, have made us both relevant to the world's largest companies and resilient. I will now bring to life, how we're partnering with our clients with a snapshot of the range of solutions we're bringing across industries and across the enterprise.
Let's start with enterprise functions. In Chemicals and Natural Resources, we are expanding our relationship with a leading chemical manufacturer to carve out one of their business units serving the automotive industry to better focus on sustainable solutions. As part of this carve out, we will build the backbone of this new entity with a cloud-based infrastructure, ERP platforms, and intelligent operations managed services for technology, HR, and finance, all in just over one year. This compressed transformation will create new value, reduce operating costs by up to 30%, enhance portfolio flexibility and enable future growth in new areas.
In consumer goods and services, we are working with a large multinational personal care corporation to build an integrated digital core with standardized processes. IT enterprise platforms and instant access to consolidated data in the cloud, which will enable a more efficient and flexible supply chain and digital order processing. This will provide more time to sell, reduce human error, create a better customer experience, and deliver a stronger bottom line. We will also streamline financial operations, leading to greater agility and cost benefits to remain competitive in any environment and delight their consumers.
Now I will turn to our solutions helping transform the core operations of our clients. In high-tech, we are supporting Airbus, a leading aircraft manufacturer in several areas of their business including digital design, manufacturing, and services. With our acquisition of umlaut, we were also helping Airbus engineering and manufacturing teams to develop the new A350F. At the same time, we also onboard and managed training for new frontline employees using a realistic digital twin pilot optimizing onboarding time and significantly reducing the learning curve of shop floor workers without disturbing production.
In banking and capital markets, we are helping BBVA, a global financial services firm synchronize and speed up its digital journey. With the power of analytics AI and automation, we will create an intelligent data-driven banking operation with greater agility and productivity lowering costs by up to 30% by leveraging our strategic managed services improving their customer experience and becoming an integral part of their talent strategy to provide new growth opportunities upskilling, and security opportunities. This builds on our work with this digital leader that spans over 25 years, including international expansion, capital market strategy, and digital sales and services.
In health, we are helping Highmark Health, a national blended health organization, make health care more personalized and proactive through the power of technology and data by leveraging the cloud and operational hub will bridge business units, consolidate enterprise data, provide faster insights, and personalize the customer experience with the flexibility to evolve as needs change. By maximizing its key asset data, Highmark Health will see faster time to market, reduce operational costs and increase innovation, and most importantly better health outcomes. And we're helping clients accelerate their growth agenda.
In consumer goods and services, we are collaborating with Del Monte, the iconic fresh and packaged food company to establish effective B2B2C and direct-to-consumer commerce platforms. We will transition and scale their existing platforms into a one commerce ecosystem to make it easier to create and launch new products driving significant growth in their e-commerce revenue. We are helping with clients to help shape and deliver on the significant emerging opportunity of the Metaverse. We've been an early innovator in this area backing -- going back a number of years investing in R&D, our people, and our own Metaverse one Accenture Park, all of which positions us to help our clients accelerate their Metaverse strategies and initiatives.
In communications and media, we are helping Telstra Australia's leading telecommunications company to deploy 5G connectivity and technology to deliver immersive fan experiences at Melbourne's Marvel Stadium from booking a seat to parking to engaging with the match, fans will soon be able to experience a new augmented reality stadium experience before, during, and after they attend the game. And if you missed the release yesterday, please be sure to read our new technology vision, which is titled, "Meet Me In the Metaverse," and is available on our website. And we are building the digital cores of our clients from re-platforming in Cloud to building core systems as described in many of the examples above to helping them secure their enterprise as the security landscape widens.
In life sciences, we are working with Merck, a global pharmaceutical leader to create robust intangible value across the organization, which will help enable growth and accelerate the development of life changing therapies for patients around the world. We will develop a more flexible and responsive IT infrastructure in the cloud leveraging data and analytics and product-centric methodologies to power innovation, insight, and speed. At the same time, we are cultivating IT talent through a new operating model that drives upskilling, diversity, and development. Also in life sciences, we are expanding our partnership with an international drug wholesale company, which advances development and delivery of healthcare products including lifesaving cancer treatments and COVID vaccines around the world to support their suite of cyber security towers by creating an integrated delivery model to increase resilience, accountability, collaboration, and feedback across monitoring, engineering, data protection, risk and compliance, and identity, while also reducing costs and we are helping our clients [Speech Overlap] We're helping our clients put sustainability in their core. We are helping a leading steel and mining company move to low-carbon steel making and employed decarbonization technologies. As an end-to-end partner supporting the company's ambitious decarbonization program, we will help standardize and implement the technical solution among its sites.
I would now like to briefly comment on how Accenture as a company and our people have mobilized to support our Ukrainian colleagues and provide humanitarian aid when people ask me what makes Accenture special, our actions like these are what come to mind. While we do not have operations or people who work in the Ukraine, we have many Ukrainians who work for us, particularly in Poland. For their extended families who are in Ukraine, we quickly put in place Ukrainian language telehealth and other remote support services and for those family members who are leaving the Ukraine, we are providing settlement assistance.
I -- also I am proud of our people who have volunteered to drive the refugees from the border to help get them settled. With a decade of experience helping refugees, we knew that not-for-profit organizations operating in Ukraine and the border countries providing humanitarian relief would have an initial immediate need for cash. We are currently donating $5 million in cash to these organizations. In addition, our people have donated nearly $1.5 million in our employee giving program and we are providing 100% match funding. Our people also have sprung into action to anticipate the next needs of refugees. In Poland, we are piloting the first edition of an Accenture Academy for women refugees from Ukraine to build their technology skills starting in cyber security.
Finally, as we've shared, we are discontinuing our business in Russia. We are working to support our nearly 2,300 employees there and we want to thank them for their dedication and commitment to Accenture over the years.
Back to you, KC.
