Deloitte

It is going to quickly change how quickly and accurately somebody plays the game.

So if I were to quote a recent trend study that Deloitte did, they mentioned 43% of the CFOs that they surveyed mentioned embedding AI and advanced technology to automate operations as a top priority for next year.

Now, how is that going to impact? That's introducing more players, right? It's introducing others from the organization who are going to help people in treasury and finance achieve certain goals and then aligning those individuals as well and getting the value that you want out of those things.

Yeah, thanks, Gene.

What I'm happy about, and this is why I'm telling you no crises are going to happen, is that the watch hobby in general.

I actually just had an interview with Deloitte's.

We talked about this.

They called me up.

They wanted to ask me some questions because none of these majors that want to create these reports, be it the Morgans and this, when they sometimes put out articles, I'm like, really? You don't know half of it because the bigger...

numbers are on the secondary market and you guys don't have access to that data, right? Which is why Deloitte's called me.

So long story short, the watch market has grown so much that the demand that's out there today versus just 20 years ago probably is up 100x, don't quote me on that number.

So that's why these guys will have their own lane but one thing that you cannot buy and one things that you cannot replicate no matter how much of a gorgeous and great and technologically advanced you're going to make is history and prestige because behind all the major swiss brands is that history it's that prestige it's the brand name

It's more of a split screen than a single model.

On one side, you have the big four, PWC, Deloitte, and EY, who are all reporting revenue growth, roughly four to 6%.

They're staying aggressive at the top.

But then you look at the others and the pattern gets messier.

That is the trillion-dollar question.

Who carries the bag when the work breaks? And there's a really sharp modern version of this.

Australia's employment department actually asked Deloitte to repay about $97,000 Australian dollars after AI-assisted citations in a report turned out wrong.

Deloitte's response was basically that the overall findings didn't change, but the government still wanted its money back.

They're not that many in the country, I should point out, of course.

that Katlego tap as a consulting actuary and partner at Deloitte Actuarial and Insurance Solutions.

Katlego, good evening.

Thanks so much for agreeing to tell us a little bit more about what you do tonight.

They'll come and develop a solution.

They'll come and monitor whatever solution they've proposed and put forward to assess how it is performing relative to reality and constantly use that feedback to improve the solution they develop.

We're speaking to Kadlecho Tabe in How I Make My Money, consulting actuary, partner at Deloitte Actuarial and Insurance Solutions.

He's with us for another few minutes.

Oh, thank you.

And there are some names that may seem familiar, right? Bank of America, the Cincinnati Bengals and the Cincinnati Reds, the Cleveland Browns, Deloitte, DraftKings, Huntington Bank, Johnson & Johnson, Kroger, Pfizer, U.S.

Bank, and others, right? I think it is worth talking a little bit about this election, maybe not now, but maybe down the road, and the role that money is playing in it.

But it is enormously important that we keep our eye on that particular ball as well.

If you just look at the U.S. Census, we're the fifth most diverse county in the United States.

Every data point from every big organization from KPMG to Deloitte says that minority and women-owned businesses don't start at the same playing level, playing field of other traditional businesses in America.

And we created the foundation to assist women-owned businesses, which we are getting very close to, probably 50% of the businesses in America being owned by women, and then people of color.

uh do not have the same opportunity that's just proven through all of the revenue data and so we wanted to as the most diverse county in the united states make sure that we were not a lagger that we were elevating our businesses and so uh we wanted to create opportunities that didn't already exist in our community um and that that was that was the goal the reality is i didn't have all the answers i i saw pain that we had to fix.

If you just look at the U.S. Census, we're the fifth most diverse county in the United States.

Every data point from every big organization from KPMG to Deloitte says that minority and women-owned businesses don't start at the same playing level, playing field of other traditional businesses in America.

And we created the foundation to assist women-owned businesses, which we are getting very close to, probably 50% of the businesses in America being owned by women, and then people of color.

uh do not have the same opportunity that's just proven through all of the revenue data and so we wanted to as the most diverse county in the united states make sure that we were not a lagger that we were elevating our businesses and so uh we wanted to create opportunities that didn't already exist in our community um and that that was that was the goal the reality is i didn't have all the answers i i saw pain that we had to fix.

Travel and hospitality.

Adapting to the next normal, with blockchain technology in May 2020, Deloitte mapped out four potential scenarios for the global travel and hospitality industry to get to the next normal.

Each scenario evaluated known unknowns such as disease severity, government collaboration, healthcare response, economic consequences, and social cohesion.

288.

So when I started my career, I started in accounting.

I was a CPA and actually worked at Deloitte on their audit side.

And you work with a lot of different companies.

A lot of times they're Fortune 500 companies and you work directly with some of their executives and high level people.