PwC’s latest Global CEO Survey revealed that business leaders are increasingly concerned with the significant gaps in their own capabilities and finding the right talent, and many feel that they are struggling to extract the maximum value out of their client and market data. Our Digital Consulting practice helps clients deal with these challenges, anticipate and manage risks to growth, and help them capitalise on opportunities to innovate and expand.
During the 12-month period under review, our Digital Consulting practice has continued to grow and develop in each of the three strategic pillars described below:
Besides focusing on the delivery of client engagements, we have also been actively involved in transforming the way we consult with clients by engaging clients in design thinking workshops within our creative and collaborative spaces at the PwC Hub. In addition, In February 2019, we organised a two-day conference entitled ‘Unlocking Emerging Technologies’ focusing on PwC’s Essential 8 Emerging Technologies, blockchain, digital assets and cryptocurrency.
In the Digital Consulting space, we have continued to build on our successful track record in providing ERP and industry-specific strategic advice coupled with project and change management support. During the period under review we were appointed to advise on several high-profile digital transformation projects being undertaken across the public sector covering financial accounting systems, a digital tourism platform supported by augmented and virtual reality, the digitisation of the maritime sector, as well as the introduction of a digital innovation hub. We were also commissioned to undertake a study to explore use-cases for blockchain solutions within the public sector. Many of these projects are financed and contracted directly by the EU Commission.
Besides the public sector, we have also undertaken considerable work for our large corporate clients and middle market family business concerns. Our mainstay work continues to revolve around the traditional IT strategy, business requirements and assistance in solutions acquisition followed on with project and change management support. In addition, however, we have also advised clients on industry-specific solutions including inter alia PSD2 support for a number of financial institutions impacted by this EU Directive.
In February 2019, our firm organised a two-day conference at the Xara Lodge entitled ‘Unlocking Emerging Technologies’. The event was attended by more than 150 C-suite executives from within the private and public sector spheres and facilitated by international and local subject matter experts. Day 1 provided insights on how PwC’s Essential 8 Emerging Technologies can be leveraged towards addressing business issues and creating competitive edge in today’s Digital Business Age. Day 2 focused on blockchain, digital assets and cryptocurrency in the context of the Maltese regulatory framework.