Deloitte is stepping up its efforts to redefine operational efficiencies and educational opportunities through strategic collaborations and initiatives. Whether it's addressing the operational technology needs of family offices, enhancing educational structures with Dublin City University (DCU), or advancing safety measures for autonomous vehicles with May Mobility, Deloitte's latest ventures showcase its commitment to innovation and technological advancement.
Recent findings from Deloitte Private's Family Office Insights Series reveal significant insights about the technology investments within family offices. The report emphasizes the urgent need for family offices to address their operational technology requirements, with nearly 75% admitting they are either underinvested or only moderately invested. According to the survey, 43% of family offices are currently developing or rolling out technology strategies this year, pointing to a shift toward recognizing the importance of technological advancements.
Deloitte's analysis indicates security and risk management as the top priority for these offices, with 65% employing moderate to extensive technology adoption to achieve these goals. This focus is reflected across various functions, including investment operations, tax and wealth planning, and client management.
Further illuminating this trend, Deloitte has observed the growing integration of data analytics and artificial intelligence within family offices. Over half (55%) are utilizing data analytics to make informed investment decisions, and 12% have begun exploring AI-driven solutions for automation and optimization of operations. Such initiatives are indicative of the value family offices find in enhancing controls, enabling scalability, and improving overall efficiency.
Aside from technology advancements, Deloitte's partnership with Dublin City University marks another significant endeavor to empower students through education. The strategic alliance includes €1 million funding over the next five years aimed at fostering creativity and problem-solving through initiatives like annual hackathons. Harry Goddard, CEO of Deloitte Ireland, expressed pride in the collaboration, stating, "Our shared commitment to education, innovation, and societal impact makes this initiative a natural fit." This partnership intends to create avenues for DCU students to excel in their studies and contribute positively to the workforce.
Sinead Gogan, Deloitte's People & Purpose Partner for Ireland, echoes this sentiment, stating, "Education has the power to develop the leaders of the future and nurture talent to drive the Irish economy forward." The alliance fosters academic excellence and looks to provide enhanced pathways for students, demonstrating Deloitte's commitment to shaping the future of education.
Another notable collaboration involves Deloitte's partnership with May Mobility, focusing on improving safety and optimizing the functionalities of autonomous vehicles (AV). The alliance aims to leverage data and insights from May Mobility's vehicle deployments, collaborating to create safer transit systems for both municipal and business customers. The initiative is particularly relevant as global consumers increasingly demand prioritization of safety measures within the AV industry.
According to Jeff Hood, principal at Deloitte Consulting, “Our goal is to collaborate with May Mobility to create safer autonomous mobility by analyzing AV behavior and interactions with riders and the broader community.” This commitment to safety is showcased through joint capabilities, including the development of Deloitte’s autonomous vehicle data platform, allowing transportation planners to make informed decisions based on extensive analytics.
The collaboration has already yielded tangible results, with services initially deployed as part of the Accessibili-D program in Detroit, aimed at providing mobility solutions for older adults and individuals with disabilities. The combined expertise of Deloitte and May Mobility encapsulates the commitment to safe, sustainable, and accessible transportation solutions.
Deloitte’s array of collaborations emphasizes its forward-thinking approach to technology and partnerships. By aligning itself with organizations across various sectors—education, family offices, and transportation technology—Deloitte is not just adapting to industry changes; it's driving those changes.
These initiatives present multifaceted benefits, showcasing how technology can be integrated across operations to promote scalability, reduce risks, and create inclusive opportunities for talent development. With the ever-evolving demands of modern businesses, the emphasis on collaboration and innovation stands as a hallmark of Deloitte's strategic vision.
Through its partnerships, Deloitte seeks to empower entities to rise to challenges presented by the fast-paced business world, proving its impactful role not only as a consultant but also as a proactive agent of change.