In spending time with our customers, there is a consistent theme that I hear time and time again. Traditional businesses seek a digital transformation strategy, recognizing their long-term viability depends on it.Yet, research shows many businesses remain stuck in the transformational gap. They want to transform but are unsure how to begin.The second Dell Technologies Digital Transformation Index*, which measures the state of digital transformation in more than 40 countries, confirmed this reality: 91% of businesses still face significant hurdles in achieving digital transformation. The image below reveals respondents’ top 10 barriers, all of which customers have voiced to me at one time or another.Ultimately, customers return to two simple questions – “How do we start?” and “How can we transform faster?”Dell Technologies Consulting has cracked the code to realizing transformation with the launch of ProConsult Advisory services. Our new offer, the first under the “ProConsult” banner, enables customers to break through the inertia of getting started with easily consumable, globally-consistent consulting services that deliver a dedicated transformation roadmap in six weeks or less.ProConsult Advisory services help customers determine where and how to get started with their transformation initiatives. They help customers address nearly half of the top ten barriers to transformation in The Digital Transformation Index*:Lack of the right in-house skills and expertiseInformation overloadLack of senior support and sponsorshipLack of a coherent strategy and visionGaining stakeholder consensus and alignment for IT, application, or workforce transformation initiatives is challenging. Each stakeholder brings their own perspective, based on each person’s role in the organization. Business executives and technology executives often “don’t speak the same language.” The different views result in no “big picture” vision, or a complete view in which all stakeholders agree upon the end state.ProConsult Advisory services use our proven, proprietary AS-IS/TO-BE metholodgy to gain consensus across an organization’s siloed stakeholders and deliver and easy-to-reference pictorial transformation plan, complete with a roadmap and business benefits, in six weeks or less.More detailed information about our AS-IS/TO-BE methodology can be found on InFocus – the Dell Technologies Services blog.ProConsult Advisory services are available in three sizes – Base, Core, and Plus – across the Dell Technologies Consulting portfolio of IT, Application and Workforce transformation. Each size is designed to meet the needs of organizations, from the simplest to the most complex while addressing:Lack of the right in-house skills and expertise – Our most senior consultants leverage best practices and experiences developing transformation programs for similar firms in the customer’s industry.Information overload – We filter out the noise to provide the customer with a concisely documented deliverable with AS-IS and TO-BE states, concrete next steps, and the business benefits.Lack of senior support and sponsorship – We bring siloed stakeholders together to build consensus.Lack of a coherent strategy and vision – Our AS-IS/TO-BE deliverable provides a ‘big picture’ view upon which all organizations can agree and track statusExpectations of IT organizations are ever increasing whereas IT leaders watch their budgets remain flat or even decline. The digital future is here and requires more than technology. It requires a thoughtful, multi-year strategy that takes into consideration people, process and technology. Learn more today on how Dell technologies Consulting can help you get started by visiting dellemc.com/ProConsultAdvisory.*Source: Dell Technologies Digital Transformation Index
By Carolina Contreras/Diálogo August 22, 2016 The Chilean Navy has incorporated a new oceanic patrol vessel that has logistical control, surveillance, and maritime rescue capabilities. It is operating in the country’s southern region, including Antarctic territory. The fourth patrol boat, called OPV 84 “Cabo Odger,” was fully built by the Chilean company “Astilleros y Maestranza de la Armada” (ASMAR; “Naval Armory and Shipbuilding,” in English). The OPV 84 “Cabo Odger” involved an investment of approximately US$60 million. It was conceived as part of the Chilean Navy’s Danubio IV Project, which calls for the construction of six such patrol vessels for use in patrols; surveillance; controlling and combating pollution; maintaining navigational aids; providing support to remote areas; and for use as a maritime search and rescue service covering the entire Exclusive Economic Zone (ZEE) from the North to the South of the country. To date, the following are in operation: the OPV 81 “Piloto Pardo,” built in 2008 for use in the 2nd Naval Zone of Talcahuano, in the South of the country; OPV 82 “Comandante Toro,” completed in 2009 and commissioned in the 4th Naval Zone, Iquique, in the North; and the third OPV 83 “Marinero Fuentealba,” incorporated into the service of the Navy in 2014 in the 3rd Naval Zone, home port of Punto Arenas, at the southern tip of the country. “Cabo Odger” will operate in the 5th Naval Zone, Puerto Montt, in the South.It was officially inaugurated on August 3rd during an official christening ceremony at ASMAR’s industrial plant in Talcahuano. “We have the birth of a new boat into the service of the country,” said Admiral Enrique Larrañaga, Navy Commander in Chief, during the launching ceremony. He was also accompanied by Chilean President Michelle Bachelet and Chile’s Minister of Defense, José Antonio Gómez. Technical Capacities It took a year and three months to finish building this patrol boat, which has a crew of 34 people and capacity for 20 passengers. It has a length overall (LOA) of 80.60 meters; a beam of 13 meters; a moulded depth of 16.5 meters; and a draft of 3.8 meters. It resists a load of 1,771 metric tons, can reach a maximum speed of 20 knots, and can navigate autonomously for 30 days. Due to the operational demands it will have, the OPV 84 was given greater versatility. So, for example, it is able to navigate in cold climates and in pre-Antarctic waters thanks to its “ice class” reinforced hull, which is thicker at the bow and allows for the necessary preparation of ballast tanks and systems to operate in low temperatures. Its detection capacity was also increased: it consists of a new integrated communications system designed and constructed domestically. In addition, its command and control capacity was increased in order to operate in oceanic patrol and rescue missions and to support operations during emergencies or disasters. This modern patrol boat will have a working range of 8,000 nautical miles (14,800 kilometers). In support of its work, the boat has a flight deck to operate a mid-sized helicopter and its respective hangar, as well as two semi-rigid boats for boarding and searching vessels. “To improve its capacities, [the OPV 84] added an important series of modifications with respect to its original design,” said Rodrigo Sazo, head of Public Relations for ASMAR. The fourth patrol boat is named in honor of Chilean Navy Corporal Leopoldo Odger Flores, who is considered a hero for losing his life in 1965 while attempting to rescue his fellow sailors who were shipwrecked while doing work similar to what the new OPV will be doing in the country’s southern waters. After the launching ceremony for the OPV 84, the equipment launch will be carried out, the sensors will be integrated, and later the boat will be tested in port and at sea to make sure that it is one hundred percent operative by next year. New Challenges for ASMAR The OPV 84 “Cabo Odger” is the second patrol boat that is being constructed at the ASMAR Industrial Plant in Talcahuano, which has fully recovered after suffering serious damage during the February 27, 2010 earthquake. “We are in the presence of a renovated ASMAR,” said Rear Admiral Andrés Fonzo Morán, ASMAR’s Director. “The plant underwent a profound modernization, and completing this fourth OPV is a reiteration of the fact that we have recovered our naval construction capacities,” he added. For ASMAR, naval construction is a branch of development that it would like to continue exploring. To this end, they have announced a construction project for the first icebreaker manufactured domestically for the Chilean Navy, called “Project Antarctic.” “It will be a large boat, robust, the equivalent of five times the tonnage of OPV-type boats, very specialized,” said Rear Adm. Fonzo. This project is in the basic engineering stage of development, which is being carried out by specialists from Canada. Once this phase is completed, the execution stage of the project will be initiated.
The Local Authority Pension Fund Forum (LAPFF) believes the European Commission has made a major concession in addressing investor concerns over International Financial Reporting Standards (IFRS).In a letter dated 17 May addressed to the European commissioner responsible for financial markets, Jonathan Hill, the LAPPF writes: “Your written answer to Syed Kamall MEP (E-106071/2015) confirms our belief on both points of law relevant to the endorsement criteria for IFRS – ‘the target’ (being a true and fair view of assets, liabilities, financial position and profit or loss) and ‘the purpose’ (being for creditor and shareholder protection).”The letter continues: “[It] represents a significant change to the landscape of accounting standard setting. Our evidence is that accounting firms, standard setters and regulators have been working on assumptions contrary to that.”This latest development in the long-running war of words follows a bid by commissioner Hill to reassure investors over the financial stability impact of IFRS, including the new financial instruments accounting standard IFRS 9. In a letter dated 10 May seen by IPE, he wrote: “We have analysed EFRAG’s advice, and we are satisfied the standard has been properly assessed against the endorsement criteria of the IAS-Regulation.“In particular, we believe the issues you previously raised in your letter to me of 23 September 2015 have been adequately addressed.”The spat over the purpose of and basis for financial reporting in the EU between some long-term UK investor interests and the wider accounting establishment dates back to the 2008 financial crisis.Since then, concerns have mounted that accounts prepared under IFRS – particularly by banks – could be defective.The LAPFF is among those long-term UK investors that have been vocal in their criticism that IFRS accounts let potentially insolvent financial institutions pay out dividends and bonuses.These investors have argued that dividends paid on the back of unrealised profits ultimately rebound on to shareholders and creditors.In December last year, the LAPFF called on the European Commission to clarify its position on IFRS 9.In particular, the LAPFF believes EFRAG has issued defective endorsement advice on the standard.The LAPFF first contacted the European Commission about the issue on 23 September.The local authority pension funds body warned that the EU Commission could in future face legal action were IFRS 9 to be endorsed.Meanwhile, this latter exchange of correspondence in the dispute leaves the LAPFF holding its line that IFRS 9 fails to meet the EU’s endorsement criteria.LAPFF chairman Cllr. Kieran Quinn wrote in the 17 May letter: “Given that, the only way IFRS 9 could ever comply with the criteria of EU law, having been designed on different premise, would be by accident.”The letter also reveals that the LAPFF continues to believe the EU’s advisory body on accounting matters, the European Financial Reporting Advisory Group (EFRAG), has misapplied the EU’s accounting endorsement criteria in its formal advice to the Commission.Cllr. Quinn said: “The EFRAG has instead operated by taking the assertions of the International Accounting Standards Board as if it defined the purpose of accounts, rather than the rule of law.”Of particular concern to the LAPFF is the EFRAG’s continued support in its 15 September 2016 advice for IFRS 9, despite the fact it could mean banks pay out dividends based on what the LAPFF calls “unreliable level 3 numbers (mark-to-model asset values)”.This means, the LAPFF argues, that the profit or loss and financial position (net assets) will not be correctly stated either.It also dismisses the EFRAG’s suggestion any deficiencies in IFRS 9 could be fixed through a footnote disclosure. “[W]ords might accompany the numbers as a note to the asset valuations,” it said, “but, whatever that note is intended to do, it does not compensate for the asset value, and the profit or loss and the financial position being wrong in the first place.”The LAPFF argues that, although the purpose of accounts is creditor and shareholder protection, commissioner Hill has, in his latest letter, applied a far looser criteria of the Capital Maintenance Directive (2012/30/EU), not the Accounting Directive (2013/34/EU).Moreover, the Capital Maintenance Directive requires shareholders to pay back illegal dividends.The European Union’s endorsement criteria for accounting standards are set out in the accounting directive.The IASB’s efforts to replace its existing financial-instruments accounting literature with IFRS 9 has proved to be controversial.In March, it emerged that the European Systemic Risk Board has not yet undertaken a study of the financial stability impact of the new standard.
Graeme Souness believes Liverpool striker Mario Balotelli has run out of chances at Liverpool and must be dropped.The Reds striker cut a forlorn figure during the first half of the 3-0 Champions League defeat to Real Madrid, and was removed from the action at the break.The Italian has struggled to adapt to life at Anfield, following a £16million move from AC Milan, and has already been criticised this season for some woeful performances.And Souness claims the 24-year-old needs to spend some time out of the starting XI to remind him of his responsibilities.“You can only give Balotelli so many chances, “he told Hawksbee and Jacobs. “He’s had those and not taken them.“They’re going to have to put him on the bench and make him watch on. He needs to give someone else a chance.“You want players, as a manager, knocking on the door saying, ‘I want to be in the team’. Some of the players on the fringes will be watching Mario and thinking, ‘I can do better’. I would drop him.”
European plane maker Airbus has celebrated its 10,000th delivery with a vow it will take just 10 years to deliver its next 10,000 aircraft.A long and spectacular journey beginning with the Airbus 300B — the world’s first twin-aisle, twin engine aircraft – hit a major milestone on Friday with the delivery of a fuel-efficient A350-900 to Singapore Airlines.The world needs more A380s.The European manufacturer’s 10,000th delivery came as production at Airbus is at record levels and its ubiquitous single-aisle A320 is taking off around the world every two seconds.The delivery milestone was celebrated today at a special ceremony in Toulouse attended by Singapore Airlines chief executive Goh Choon Phong and Airbus Group boss Tom Enders.Enders said Airbus’s founders five decades ago could not have foreseen that the company would be delivering its 10,000th aircraft as early as 2016.He said the company was producing at rate of just over half an aircraft a month in the 1970s.Almost 8000 of the 10,000 aircraft delivered had been delivered in the past 15 years and it was less than nine years ago that Airbus had delivered its 5000th aircraft. It took Airbus 19 years to deliver its first thousand aircraft and just 19 months for the last 1000.“There were years, I’m told, where we had more cancellations than new orders,’’ he said. “Today we deliver more than 600 aircraft a year and the ramp-up is continuing.’’Enders said the company now had the widest product line in the industry and its manufacturing footprint extended far beyond Europe to China and the US. “We’ve gone from only 15 per cent market share as recently as 1995 to standard market share of around 50 per cent over the last 10 years or so and there’s not that much more you can wish for in a duopoly.’’The Airbus boss said the manufacturer became faster and more efficient every year and the A350 gave a strong indication of what the next 10,000 aircraft would be.He predicted accelerating technology such as digitalisation would see the next 10,000 aircraft come in many more versions and variations.“I think we’ll continue to be smarter, we will definitely be more productive, we will be safer,’’ he said “The overall ingenuity our people and our many partners from all over the world can dream up will make them more fuel efficient, cleaner, easier to maintain, easier to operate… and able to carry more passengers hopefully in ever more comfort.“And when we develop new aircraft, I’m confident we will be able to design and develop them much faster and with much less cost than is still the case today.’’Goh was picking up the airline’s sixth A350-900 as part of an order that will see it take 67 of the fuel- efficient aircraft, including seven ultra long range planes that will be used on services from Singapore to Los Angeles, New York and an undisclosed third destination. It will be the launch customer for the A350-900ULR when deliveries begin in 2018.The A350 delivered Friday will be used to re-establish long-haul services between Singapore and San Francisco and Goh said it showed how far Airbus had come.“The A350s allow us to have more long haul destinations on a non-stop basis which helps to boost our network competitiveness and our connectivity and helps us further develop our home base, the Singapore hub,’’ he said, noting that customer feedback about the plane so far had been positive.Singapore Airlines (SIA) and Airbus have a long history and shared several milestones, including the first revenue flight of the double -decker A380 superjumbo in 2007.SIA placed its first order with Airbus in 1979 when it opted for the A300B4 and the group has since operated aircraft from all of Airbus’ product lines – the A300, A310, A320, A330, A340, A350 and A380 families. The latest plane is adorned with “10,000th Airbus Aircraft” decal and will be used to launch non-stop flights between Singapore and San Francisco later this month. Singapore Airlines’ first A350-900 went into service in March and the aircraft type is now being used for Amsterdam, Dusseldorf and Johannesburg flights, with more destinations to be added as additional aircraft enter the fleet.Airbus has 810 firm orders for the aircraft from 43 customers, with Singapore’s order the second biggest after Qatar Airways’ 80 planes. Airbus is making two versions of the plane: the A350-900, designed to carry 325 passengers in a three-class configuration, and the bigger 366- passenger A350-1000, due to have its first flight by the end of the year and enter service in the second half of next year. Both are powered by Rolls Royce Trent engines: the Trent XWB-84 EP on the -900 and the more powerful Trent XWB-97 on the 1000.Seventy per cent of the A350 airframe is composite Airbus says the aircraft offers a 25 per cent increase in fuel efficiency as well as significant reductions in noise, with exterior noise levels 21 effective perceived noise decibels below International Civil Aviation Organisation current standards.Airbus currently produces about seven A350s a month but plans to increase the rate to 10 a month in 2018.Steve Creedy travelled to Toulouse courtesy of Singapore Airlines.