STOCK TITAN

Accenture and ETS Create a New Global Model for Talent Management Centered Around Skills-Based Job Readiness

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Positive)
Tags

Accenture (NYSE: ACN) and ETS announce a collaboration to create a new global talent management solution, combining ETS's AI-enabled Futurenav™ with Accenture's LearnVantage platform. The initiative aims to address the global skills gap through skills-based learning and assessment.

The solution will help organizations measure employee skills and match workers with relevant positions, focusing on both durable and technical skills in an AI-first economy. According to World Economic Forum research, 50% of the global workforce needs upskilling or reskilling, potentially reaching 90% by 2030, with failure to address this potentially resulting in a $15 trillion GDP loss.

Accenture (NYSE: ACN) ed ETS annunciano una collaborazione per creare una nuova soluzione globale di gestione dei talenti, combinando il Futurenav™ abilitato all'IA di ETS con la piattaforma LearnVantage di Accenture. L'iniziativa mira a affrontare il divario globale delle competenze attraverso un apprendimento e una valutazione basati sulle competenze.

La soluzione aiuterà le organizzazioni a misurare le competenze dei dipendenti e a abbinare i lavoratori alle posizioni rilevanti, concentrandosi sia sulle competenze durevoli che su quelle tecniche in un'economia guidata dall'IA. Secondo la ricerca del World Economic Forum, il 50% della forza lavoro globale ha bisogno di un miglioramento delle competenze o di una riqualificazione, potenzialmente raggiungendo il 90% entro il 2030, e il mancato intervento potrebbe comportare una perdita del PIL di 15 trilioni di dollari.

Accenture (NYSE: ACN) y ETS anuncian una colaboración para crear una nueva solución global de gestión del talento, combinando el Futurenav™ habilitado por IA de ETS con la plataforma LearnVantage de Accenture. La iniciativa busca abordar la brecha global de habilidades a través del aprendizaje y la evaluación basados en competencias.

La solución ayudará a las organizaciones a medir las habilidades de los empleados y a emparejar a los trabajadores con posiciones relevantes, enfocándose tanto en habilidades duraderas como técnicas en una economía prioritaria de IA. Según la investigación del Foro Económico Mundial, el 50% de la fuerza laboral global necesita mejorar sus competencias o ser reentrenada, alcanzando potencialmente el 90% para 2030, y el no abordar esto podría resultar en una pérdida del PIB de 15 billones de dólares.

액센추어 (NYSE: ACN)ETS는 새로운 글로벌 인재 관리 솔루션을 만들기 위한 협력을 발표했습니다. 이 솔루션은 ETS의 AI 기반 Futurenav™와 액센추어의 LearnVantage 플랫폼을 결합합니다. 이 이니셔티브는 역량 기반 학습 및 평가를 통해 글로벌 기술 격차를 해결하는 것을 목표로 합니다.

이 솔루션은 조직이 직원의 기술을 측정하고 관련 직무와 일자리를 연계할 수 있도록 도와주며, AI 중심 경제에서 내구성 있는 기술과 기술적 기술 모두에 초점을 맞춥니다. 세계 경제 포럼의 연구에 따르면, 전 세계 노동력의 50%가 기술 향상이나 재교육이 필요하며, 2030년까지는 최대 90%에 이를 수 있고, 이를 해결하지 않으면 15조 달러의 GDP 손실이 발생할 수 있습니다.

Accenture (NYSE: ACN) et ETS annoncent une collaboration pour créer une nouvelle solution mondiale de gestion des talents, alliant le Futurenav™ habilité par l'IA d'ETS à la plateforme LearnVantage d'Accenture. L'initiative vise à réduire l'écart mondial des compétences grâce à un apprentissage et à une évaluation basés sur les compétences.

Cette solution aidera les organisations à mesurer les compétences des employés et à associer les travailleurs à des postes pertinents, en se concentrant à la fois sur les compétences durables et techniques dans une économie axée sur l'IA. Selon une recherche du Forum économique mondial, 50 % de la main-d'œuvre mondiale nécessite une montée en compétences ou une reconversion, atteignant potentiellement 90 % d'ici 2030, l'absence de réponse à cela pouvant entraîner une perte de PIB de 15 billions de dollars.

Accenture (NYSE: ACN) und ETS kündigen eine Zusammenarbeit zur Erstellung einer neuen globalen Talentmanagement-Lösung an, die ETS's KI-gestütztes Futurenav™ mit der LearnVantage-Plattform von Accenture kombiniert. Die Initiative zielt darauf ab, die globale Qualifikationslücke durch kompetenzbasiertes Lernen und Bewerten zu schließen.

Die Lösung wird Organisationen helfen, die Fähigkeiten der Mitarbeiter zu messen und die Arbeiter mit relevanten Positionen in Verbindung zu bringen, wobei sowohl dauerhafte als auch technische Fähigkeiten in einer KI-zentrierten Wirtschaft im Fokus stehen. Laut einer Forschung des Weltwirtschaftsforums benötigen 50% der globalen Arbeitskräfte eine Verbesserung oder Umschulung der Fähigkeiten, was bis 2030 potenziell 90% erreichen könnte, wobei das Versäumnis, dies anzugehen, zu einem Verlust des BIP von 15 Billionen Dollar führen könnte.

Positive
  • Strategic partnership with ETS enhances Accenture's talent management capabilities
  • Addresses a significant market opportunity with 50% of global workforce needing upskilling
  • Integration of AI-enabled solutions strengthens competitive position in talent management
Negative
  • None.

Insights

This strategic partnership between Accenture and ETS addresses a critical market need in talent management, with significant long-term implications. The collaboration targets a $15 trillion potential GDP loss by 2030 due to skills gaps, highlighting the massive market opportunity. By combining ETS's Futurenav with Accenture's LearnVantage platform, they're creating a comprehensive solution for the $300+ billion global corporate training market.

The timing is particularly strategic given that 50% of the global workforce needs reskilling, potentially rising to 90% by 2030. This positions Accenture to capture significant market share in the rapidly growing AI-powered talent management space. The integration of AI-enabled assessment tools and learning platforms creates a compelling competitive advantage, particularly valuable for Accenture's consulting and technology services revenue streams.

NEW YORK & PRINCETON, N.J.--(BUSINESS WIRE)-- Accenture (NYSE: ACN) and ETS are collaborating to deliver a new end-to-end talent management solution designed to empower the future workforce while also enhancing the way organizations source, manage, upskill, and grow talent. To address the growing global skills gap, this new approach to skills training and assessing job readiness will be designed to help people advance their careers by expanding and enhancing their skill sets.

Through a global strategic initiative, Accenture and ETS plan to introduce a consistent, reliable approach to measuring job skills and matching workers with relevant work positions. This new model for skills-based learning and assessment brings together the power of ETS Solutions’ AI-enabled talent measurement solution—Futurenav™ and other ETS measurement and credentialing solutions—with Accenture’s LearnVantage learning and skills development platform.

The new end-to-end talent management solution will draw on the expertise of ETS, a global leader in the measurement, credentialing, and certification of skills and LearnVantage’s comprehensive capabilities to drive talent reinvention. The combined capabilities of Futurenav and LearnVantage will help enable organizations to measure the durable and technical skills of their current and future prospective employees, leveraging actionable insights to grow in today's evolving AI-first economy while achieving greater business value. The new offering will aim to establish a global model for skills-focused, data-driven employability -- backed by ETS’s trusted and securely administered proctoring capabilities.

“Together with ETS, we’re seeking to introduce a new consistent, reliable approach to assessing and mapping talent to roles so people are better positioned to find employment and employers can make more informed talent decisions,” said Kishore Durg, global lead of Accenture LearnVantage. “This offering brings the potential of AI-powered talent management, assessment, and learning to change the way future global skills-based workforces are built.”

“Our collaboration with Accenture is about transforming the talent ecosystem to change the perception about what it means to be qualified for the jobs of today and tomorrow,” said Michelle Froah, senior vice president of Corporate Solutions at ETS. “Together, we are building a future where we recognize human potential and empower people to realize their promise. Futurenav and LearnVantage will serve as the core pillars of our solution offerings, using AI-powered measurement expertise to map the skills and strengths of today’s workforce – uncovering gaps and providing more equitable access to opportunity."

According to research from the World Economic Forum, 50 percent of today's global workforce needs to upskill or reskill to stay relevant. This figure could reach 90 percent by the year 2030. Failure to address this issue could result in a staggering global GDP loss of up to $15 trillion by 2030. To this end, Accenture and ETS will provide organizations with powerful learning, skills measurement, and talent management tools and capabilities that enhance their decision-making around:

  • Emerging talent evaluation with data-backed recommendations;
  • Internal talent skilling and talent mobility;
  • Efficient talent management and workforce planning; and
  • Education and skills pathways.

LearnVantage, launched in March of this year, is changing the way global firms, governments, and organizations of all sizes approach their talent systems. It helps organizations to drive a culture of learning by enabling their people to explore technology, functional, and industry skills. Personalized learning pathways and certifications prepare highly skilled talent to meet rising talent demand for future growth and sustainable impact. LearnVantage’s platform offering comes in response to large skill shortages in key tech sectors, including cloud, data, artificial intelligence and security.

About ETS

ETS is a global education and talent solutions organization enabling lifelong learners to be future ready. We advance the science of measurement to build the benchmarks for fair and valid skill assessment. We are committed to powering human progress by promoting skill proficiency, empowering upward mobility and unlocking more opportunities for everyone, everywhere. Our assessment products – including the TOEFL, TOEIC, GRE, and Praxis Assessments – as well as our innovative solutions and subsidiaries help 50 million people each year to clarify their strengths and find opportunities for growth in education, work and beyond. We continue to operate around the world, with offices in 25 locations and operations in 200 countries and territories. www.ets.org

About Accenture

Accenture is a leading global professional services company that helps the world’s leading organizations build their digital core, optimize their operations, accelerate revenue growth and enhance services—creating tangible value at speed and scale. We are a talent- and innovation-led company with 774,000 people serving clients in more than 120 countries. Technology is at the core of change today, and we are one of the world’s leaders in helping drive that change, with strong ecosystem relationships. We combine our strength in technology and leadership in cloud, data and AI with unmatched industry experience, functional expertise and global delivery capability. Our broad range of services, solutions and assets across Strategy & Consulting, Technology, Operations, Industry X and Song, together with our culture of shared success and commitment to creating 360° value, enable us to help our clients reinvent and build trusted, lasting relationships. We measure our success by the 360° value we create for our clients, each other, our shareholders, partners and communities. Visit us at accenture.com.

Media:

Christian Harper

Accenture

christian.harper@accenture.com

+1 516 434 8615

Kristen Mitchell

ETS

kmitchell002@ets.org

+1 908 310 0306

Source: Accenture

FAQ

What is the purpose of Accenture (ACN) and ETS's new talent management solution?

The solution aims to address the global skills gap by providing skills-based learning and assessment, helping organizations measure employee skills and match workers with relevant positions in an AI-first economy.

How does Accenture (ACN)'s LearnVantage platform integrate with ETS's Futurenav?

LearnVantage's learning and skills development capabilities combine with Futurenav's AI-enabled talent measurement solution to provide comprehensive talent management, assessment, and learning services.

What market opportunity is Accenture (ACN) addressing with this new solution?

According to World Economic Forum research, 50% of the global workforce needs upskilling or reskilling, potentially reaching 90% by 2030, with potential GDP losses of up to $15 trillion if not addressed.

Accenture PLC

NYSE:ACN

ACN Rankings

ACN Latest News

ACN Stock Data

220.09B
624.86M
0.06%
72.74%
0.99%
Information Technology Services
Services-business Services, Nec
Link
United States of America
DUBLIN