Deloitte has announced the launch of Project 120, a $1.4 billion investment that aims to transform how learning and development can be designed and delivered.
Project 120 (its name inspired by the top speed of thought at 120 meters per second) curates highly personalized learning and development pathways to develop critical technology and leadership skills ahead of future market demands. Through this investment, the audit, consulting, tax and advisory services firm aims to enhance its tech and leadership curricula and expand Deloitte University facilities, including new academic and business collaborations, according to the company press release.
Project 120 allows Deloitte to anticipate the needs of its professionals, clients and the broader market, designing customizable and immersive learning experiences to address needs as they are identified and deploying those trainings at the pace of innovation. It is already delivering more than 1 million hours of training on future applications of technologies like AI, cloud, cyber, data analytics, 5G and quantum computing through the Deloitte Technology Academy.
“Project 120 enables more tailored, relevant and in-the-flow learning for all professionals, building agility now for the business opportunities tomorrow,” says Stephani Long, Deloitte’s chief talent officer. “We’re reimagining learning experiences, and I’m confident our new approach will continue to meet and exceed the evolving needs of our people and our clients.”
Earlier this year, Deloitte leaders collected 150,000 data points from talent surveys, conducted 100 one-on-one interviews with business executives and leveraged a workforce-sensing tool to identify the skills of the future. The results of this research led Deloitte to implement Project 120’s more predictive approach to professional development.
And the aim is not only to help build better work, but to contribute to the fulfillment of Deloitte employees, according to the company release. For example, Deloitte recently identified higher stress levels among a cohort of executives and, in response, quickly curated a personalized learning experience on processing emotions as data and moving to a place of action. Project 120 is also developing skills valued highly by today’s workforce, such as awareness, attention, acceptance and belonging.
“We feel an immense responsibility to support the growth of our people,” says Anthony Stephan, principal, Deloitte Consulting LLP and Project 120 executive leader. “Project 120 broadens the aperture of professional development from focusing solely on the professional to focusing on the individual, enabling them to thrive holistically in business and in life.”
