Chair and Chief Executive Officer at Accenture
Thanks, KC. Turning to the demand environment. Compressed transformation underpinned by cloud and digital continues to drive strong double-digit growth across our business, including for Applied Intelligence, Cloud, Industry X, Intelligent Operations, Interactive, Intelligent platform services, security and transformational change management.
Technology is the single biggest driver of change in companies today and the depth, breadth and scale of our technology capabilities across our services is unmatched. We see the demand environment shaping up for FY '22 to be more of the same, while digital leaders second seeking to widen their competitive advantage and the companies seeking to leapfrog their cloud and digital transformation are driving momentum in our business. The vast majority of companies are early in their transformation and whether digital leader, leapfrog, laggard or in between, all face multi-year journeys ahead of them because the re-platforming in the cloud and use of new technologies across the enterprise is a once in a digital era profound transformation.
Simultaneously, we have ongoing exponential technology change that is accelerating and will create new opportunities, disruptions and change for our clients. In addition, growth in parts of our business are by their very nature continuously evolving. For example, Interactive, now a $12.5 billion dollar business growing 15%, continues to set a new standard for customer experience, connection, sales and marketing at the intersection of data, creativity and technology, and is tied to the ever changing needs and preferences of B2C and B2B customers. Similarly, security, now a $4.4 billion business growing 29% is driven by needs related to an ever expanding digital threat landscape, and with our managed services is providing much needed protection and talent to our clients.
Our clients value the depth and breadth of our services for the entire enterprise, across strategy and consulting, interactive, technology and operations, and industry and functional expertise across 13 industries, plus the ability to deliver tangible outcomes as well as our strong track record of investing ahead of our clients to anticipate their needs, needs drive our next wave of growth, such as our early moves in digital cloud and security, they remain entire parts of the enterprise for which digitization and the move to the cloud has only just begun. In particular, both the things companies make and the way they make things are being dramatically changed by technology and that is the focus of our Industry X business, which we believe is the next big digital frontier. In fact, a 2021 Gartner survey of Board of Directors indicates that 93% expect that the number one business priority that will see transformational improvement from digital technology is manufacturing, distribution and supply chain.
We have invested for nearly a decade in Industry X and are now at approximately $5 billion in revenue growing 36%. We look forward to welcoming the 4,200 industry leading engineers and consultants of umlaut when the acquisition closes in October. Similarly, sustainability is a critical area for which technology is still evolving. We believe that every business must be a sustainable business and yet companies are at very early stages of figuring out how to make this shift. Last year, building on years of investment and experience, we launched our sustainability services under our new Chief Responsibility Officer and Global Sustainability Services lead.
We have continued to accelerate our focus in this expanding and changing market and are proud of the work we are doing with leading partners like Mastercard, as we enhance its ability to track and analyze the carbon emissions of their suppliers and help decarbonize the U.K. Energy system with clients such as National Grid.
We do see a shift in the nature of the demand for our managed services across IT, security and operation, with these services emerging is one of our most strategic differentiator as companies simultaneously see greater resilience, chase a war for talent, the need to rapidly digitize and cost pressures strategic managed services are increasingly a C-suite priority, with Accenture as the trusted partner of choice and increasingly integrated as a part of their talent strategy, table stakes from managed services, our efficiency, resiliency and reliability.
We further differentiate in our managed services because they are uniquely informed by our strong strategy and consulting capabilities and deep industry and functional expertise, and they benefit from our strong level of investment for digital platforms, like SynOps and myWizard and the seamless integration with our ecosystem partners as well as due to the incredible pool of talented people our clients can access quickly when partnering with us. For example, we are partnering with Olympus, a leading manufacturer of optical and digital precision technology to help them drive their transformation to become a global medical technology company. As part of this partnership, we have acquired their Japanese IT subsidiary company, which we will transform to deliver significant IT cost savings to Olympus, as well as upskill their people, combining their knowledge with our talent and technology to lead Olympus's digital transformation.
Now, let me bring to life some more of the demand we are seeing. All of these examples bring together the diverse capabilities across Accenture to create tangible value. We are a leader in cloud because we're able to serve our clients across the cloud continuum and create business value. We are partnering with Kubota, a Japanese multinational company providing solutions, leveraging a diverse range of products, technologies and services in the fields of food, water and the environment to accelerate Kubota's digital transformation by creating solutions that will enhance the productivity and safety of food, promote circularity of water resources and waste, and improve urban and living environments, we will help create innovative sustainability solutions and a platform applying leading edge digital technology, including AI and IoT. Diverse data held across the group will be centralized for easing maintenance and use. We're also modernizing, replacing or migrating legacy applications to the cloud and strengthening their global computer security incident response team.
We are partnering with [Indecipherable] a US-based global manufacturing services company to further enhance their IT infrastructure capabilities to providing infrastructure managed services for digital workplace, network cloud and data center support. We're helping Fennia, a Finnish insurer offering casualty, motor and health and accident services to implement a cloud-based policy administration system to improve customer service using data and automation to make sales, claims, payments and policy management processes more user friendly. This will allow the company to quickly respond to changing market and customer demands and meet its goal of providing the best customer experience in the industry.
Compressed transformation is occurring across industries. We're partnering with Unilever, one of the world's largest consumer goods companies in their digital transformation. Together, we are setting a new industry standard by reinventing technology delivery with cutting-edge automation, delivering cloud migration at scale, the largest ERP migration to the cloud and the industry and shifting to technology solutions that support their growth strategy. With McCormick, a global leader in flavor in the food industry, where we are partnering on a strategic transformation program, encompassing finance, supply chain, logistics and plant maintenance.
The new cloud-based platform and innovative data driven approach will help standardize processes, increase efficiencies and support their goal of doubling in size quickly. We're helping a European financial institution build the bank of the future and helping them become a next level innovator, one that is leveraging technology and sustainability to transform multiple parts of their business, drive hyper personalized customer experience and create new lines of business like wealth management and insurance, which is expected to triple digital sales by 2023 and improve their already stellar cost to income ratio, at the same time we're helping them deliver on their ESG initiatives, including inclusive financing, green software and carbon data free data centers.
At Accenture, we're enabling new experiencing growth and cost transformation across the enterprise and across industries, and a key enabler to these innovative scaled service is the power of our operations capabilities. We are helping Open Fiber, an Italian telecommunications company design and orchestrate construction of an ultra broadband network, which will deliver fiber to 20 million households across Italy. Digitization and automation will help the construction site to proceed faster and more efficiently.
With Interactive, we're helping MediaMarktSaturn Retail Group, Europe's leading consumer electronics retailer transform their digital content capabilities with a state-of-the-art marketing operation. Automation and data insights enabled by SynOps will help deliver more engaging and personalized content while driving millions in savings.
Our industry expertise continues to be a core competitive and managed, allowing us to reap deep industry and cross industry knowledge enterprise wide for our clients. I want to recognize in particular our software and platform industry, which is approximately $4 billion in revenue. In Q4, this group celebrated 20 consecutive quarters of double-digit growth, serving as a leading partner to our clients in this hyper-growth industry.
KC, back to you.