Latest news with #Fincantieri
Business Insider
2 days ago
- Business
- Business Insider
Accenture is giving consulting a new name as it doubles down on AI: 'reinvention services'
After more than 35 years in the business, Accenture is giving consulting a new name: "reinvention services." The global consulting firm reported its earnings on Friday, highlighting a generally positive performance for the third fiscal quarter of 2025. The firm reported revenue of $17.7 billion, an 8% increase from this time last year. While new bookings were down 6% compared to the third quarter in 2024, Accenture CEO Julie Sweet told CNBC on Friday that the firm was "really pleased" with its bookings and that demand for its services could be seen in its revenue. Sweet said on the earnings call that AI is the firm's strongest bet for creating new demand and that to maximize AI's potential, the firm is consolidating its strategy, consulting, song, technology, and operations services into a single unit known as "reinvention services," starting September 1. "What we're going to do now is make it even easier to bring those solutions, embed data and AI, so we can really scale across our client base and into new markets using our reinvention services," Sweet told CNBC. What consultants do sometimes needs to be explained, and "reinvention services" is no exception. In both her CNBC interview and the earnings call on Friday, Sweet shared several examples of the company's AI-powered reinvention work, which — following its reorganization — the firm will be able to execute more efficiently, she said. In one example, she said Accenture is working with Italian shipbuilding company Fincantieri to launch the first AI-powered ship in 2025. Sweet told CNBC that the ship will be able to "predict its maintenance, manage its energy use on its own, and talk to the dock" before it arrives at its destination. She said Accenture's work to modernize the manufacturing process for Bel, maker of Laughing Cow cheese, would also fall under this new department, as would its collaboration with Brazilian mining company Vale to expedite environmental licensing and permits. She also said the firm is creating AI-generated 3D avatars of physical products for coffee brands like Nescafé, Dolce Gusto, and Nespresso to reduce the time and cost of developing marketing campaigns, which would also fall under the new reinvention services department. Sweet told CNBC that AI can be a "tool" to help companies navigate the future, but to reap the benefits, it will also need to be "disruptive."
Yahoo
03-06-2025
- Business
- Yahoo
Vard delivers two vessels with cybersecurity notations
Vard, a subsidiary of the Fincantieri Group, has delivered two vessels that it claimed to be the 'world's first' with cybersecurity notations, in compliance with new mandatory regulations which took effect on 1 July 2024. The commissioning service operation vessel (CSOV) Grampian Kestrel was delivered to North Star while the CSOV Purus Chinook was handed over to Purus. Cybersecurity notations ensure that vessels are equipped to handle cyber threats, maintain operations during attacks, and recover swiftly. These notations align with the International Association of Class Societies' (IACS) unified requirements UR E26 and E27, which became mandatory for newbuilds contracted after 1 July 2024. Although contracted in 2023, these vessels adhere to these standards. Vard CEO Cathrine Kristiseter Marti said: 'The delivery of the two vessels represents an historical milestone for the maritime industry and for Vard and our owner Fincantieri, enhancing the group's leading position for the technological transition in maritime operations.' 'The maritime industry is undergoing a significant transformation based on the increased use of digitally connected systems. These notations are essential for establishing baseline requirements and best practices to protect maritime operations from evolving and dynamic cyber threats. The delivery of these vessels shows Vard's and Fincantieri's commitment and willingness to set new standards and explore new ways of building cyber resilient platforms which allow our customers to manage cyber threats to the vessels.' A significant number of onboard systems for these vessels come from Vard Electro's SeaQ portfolio. Vard stated that it has collaborated with its customers and classification societies to ensure vessels achieve cyber resilience in line with the regulatory standards. Vard Electro has undertaken the cyber integration testing for all systems. The Purus Chinook is the 'first' CSOV to receive a COMF C2 V1 class notation for climate, noise, and vibration, while the Grampian Kestrel has been awarded Lloyd's Register's highest notation for noise and vibration, CAC1, stated Vard. These recognitions establish new 'global benchmarks' for offshore working conditions, the company added. Earlier this year, Vard announced that a collaboration with the Norwegian University of Science and Technology and other industry stakeholders, will evaluate fourth-generation nuclear reactor technologies for their application in commercial maritime operations as part of the NuProShip I project. "Vard delivers two vessels with cybersecurity notations" was originally created and published by Ship Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
27-05-2025
- Business
- Yahoo
Europe's largest shipbuilder says the continent must spend bigger and better on underwater defenses
The CEO of Fincantieri called on Europe to scale up its subsea defenses in the face of rising threats. Pierroberto Folgiero told the FT it's time for Europe to take "responsibility" for subsea defenses. This comes amid intensifying Russian threats and reduced US commitments to the region. The CEO of Italian shipbuilder Fincantieri said Europe needs to boost its subsea defenses amid intensifying threats and weakening US security guarantees. "The Mediterranean has always been populated by Russian and US submarines, it's up to us Europeans now to take responsibility for our underwater defence," Folgiero told the Financial Times in an interview published Tuesday. "If European countries are going to spend more on defence, we should spend better," he added. Since Russia's full-scale invasion of Ukraine in 2022, European military and political leaders have repeatedly accused Russia of sabotaging subsea cables that carry vital internet data and energy. European militaries have scaled up their protection, with a specialist NATO unit launched in January increasing the surveillance and patrols of the vital infrastructure. European defense firms are also boosting the development of technology to help underwater defenses. Fincantieri, Europe's largest shipbuilder, announced last week that it expects its underwater division, which makes submarines, underwater drones, and other technology, to double in size over the next few years, to account for 8% of group revenue by 2027, and bring in the equivalent of $930 million. When announcing its new subsea-focused strategy, the company said it would be partnering with Italy's Graal Tech to develop new subsea drone technology. Folgiero told the FT that Europe faces a range of subsea threats, and that it's boosting production to meet them. "Attention has focused on the Baltic Sea following the outbreak of the war in Ukraine," he said. "But the Mediterranean is twice as big as the Baltic and a crucial juncture from a geopolitical perspective." "This is why we are betting on underwater defence and technology and increasing our industrial capabilities," Folgiero added. Meanwhile, earlier this month German defense firm Helsing said it was working with the UK's Royal Navy to deploy new subsea drones to better monitor subsea infrastructure. Read the original article on Business Insider
Business Insider
27-05-2025
- Business
- Business Insider
Europe's largest shipbuilder says the continent must spend bigger and better on underwater defenses
The CEO of Italian shipbuilder Fincantieri said Europe needs to boost its subsea defenses amid intensifying threats and weakening US security guarantees. "The Mediterranean has always been populated by Russian and US submarines, it's up to us Europeans now to take responsibility for our underwater defence," Folgiero told the Financial Times in an interview published Tuesday. "If European countries are going to spend more on defence, we should spend better," he added. Since Russia's full-scale invasion of Ukraine in 2022, European military and political leaders have repeatedly accused Russia of sabotaging subsea cables that carry vital internet data and energy. European militaries have scaled up their protection, with a specialist NATO unit launched in January increasing the surveillance and patrols of the vital infrastructure. European defense firms are also boosting the development of technology to help underwater defenses. Fincantieri, Europe's largest shipbuilder, announced last week that it expects its underwater division, which makes submarines, underwater drones, and other technology, to double in size over the next few years, to account for 8% of group revenue by 2027, and bring in the equivalent of $930 million. When announcing its new subsea-focused strategy, the company said it would be partnering with Italy's Graal Tech to develop new subsea drone technology. Folgiero told the FT that Europe faces a range of subsea threats, and that it's boosting production to meet them. "Attention has focused on the Baltic Sea following the outbreak of the war in Ukraine," he said. "But the Mediterranean is twice as big as the Baltic and a crucial juncture from a geopolitical perspective." "This is why we are betting on underwater defence and technology and increasing our industrial capabilities," Folgiero added. Meanwhile, earlier this month German defense firm Helsing said it was working with the UK's Royal Navy to deploy new subsea drones to better monitor subsea infrastructure.
Zawya
27-05-2025
- Business
- Zawya
Qatar: Milaha and Fincantieri sign deal to advance maritime co-operation and technology integration
Qatar - The signing of the MoU represents a significant advancement in Milaha's mission to redefine logistics and naval support capabilities in the region while contributing to the economic diversification goals outlined in Qatar National Vision 2030. Milaha, the leading provider of maritime and logistics solutions in the region, has signed a strategic memorandum of understanding (MoU) with Fincantieri, one of the world's largest high-complexity shipbuilding groups, for cooperation in areas such as marine services, project management, and technology integration. Both parties have expressed a shared intent to explore further opportunities that support Qatar's national development objectives, particularly in enhancing sovereign capabilities within the maritime sector. The signing of this MoU represents a significant advancement in Milaha's mission to redefine logistics and naval support capabilities in the region while contributing to the economic diversification goals outlined in Qatar National Vision 2030. Attending the signing ceremony in Doha on behalf of Fincantieri was Pierroberto Folgiero, its chief executive officer and managing director, and Dario Deste, general manager of the Naval Vessels Division. Representing Milaha were Sheikh Jassim bin Hamad bin Jassim bin Jaber al-Thani, chairman, and Fahad Saad al-Qahtani, Group chief executive officer. 'The signing of this MoU represents a significant step for Milaha in advancing its strategic objectives as a Qatari company aligned with national priorities," said Fahad Saad al-Qahtani, Milaha Group chief executive officer. Collaborating with a global leader such as Fincantieri provides access to advanced international expertise while supporting the development of sustainable capabilities within Qatar, he said, adding this partnership will facilitate localisation, promote industrial autonomy, and enable effective knowledge transfer, in line with the goals of Qatar National Vision 2030. "Through this agreement, Milaha reaffirms its role as a key contributor to national development and a reliable partner in supporting the country's long-term maritime ambitions,' according to him. Folgiero said the agreement marks a further step in the consolidation of Fincantieri's presence in a region of strategic importance for the development of advanced shipbuilding and maritime services. "Qatar is a key partner with whom we have built a long-standing relationship. Our collaboration with Milaha reflects our shared ambition to move forward on this path, leveraging our industrial and technological expertise to support the country's maritime sovereignty and contribute to the goals outlined in Qatar Vision 2030," he added. For Fincantieri, this agreement strengthens its position as an industrial partner, supporting Qatar's ambition to build a high-value and self-sufficient maritime sector. Together, both companies are ideally positioned to contribute to the development of an integrated, competitive, and future-ready maritime ecosystem in the country. © Gulf Times Newspaper 2022 Provided by SyndiGate Media Inc. (
