The Academy Color Encoding System (ACES) is widely considered to be one of the best ways to manage color in the color grading phase of post-production and is essentially an industry standard.
I noticed in the 2024 update for After Effects that it now implements the OCIO color management solution for supporting the ACES color workflow. So anyone working in After Effects can now use the ACES color workflow.
I would like to also see this implemented for Premiere Pro as well so that editors and colorists can now work in the ACES workflow. Even though most professional colorists aren't often using Premiere to color grade, this can still be useful for encouraging editors, content creators, freelancers, as well as independent filmmakers to be able to dive in and understand the ACES color workflow.
Other editing platforms, such as DaVinci Resolve, support ACES; so I'd love to see Premiere Pro also join the party.
I personally believe including ACES support for Premiere Pro will make the ACES color workflow more accessible as well as making color management more simple and consistent.