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Accenture, the world’s leading professional services company, has announced a $3 billion investment over three years in its data and artificial intelligence practice to help clients across industries rapidly and responsibly advance and use artificial intelligence for greater growth , efficiency and flexibility.
The investment builds on Accenture’s more than 10 years of AI leadership, with expertise spanning more than 1,450 patents and pending patent applications worldwide and hundreds of client solutions at scale – from marketing to retail, from security to manufacturing .
Accenture said it has embedded AI into its service delivery approach, driving efficiency, insight and accelerating value for thousands of clients through its market-leading platforms such as myWizard, SynOps and MyNav.
Six years ago, the company pioneered the Responsible AI Framework, which is now part of the way Accenture serves clients, incorporated into the company’s Code of Ethics and part of its rigorous Responsible AI compliance the basis of the plan.
“We are currently working with many clients on generative AI projects, such as helping a hotel group manage customer inquiries or a judicial system synthesize information about judicial proceedings from hundreds of thousands of complex documents,” said Accenture Chairman and CEO Julie Sweet.
“There is unprecedented interest in all areas of AI, and our substantial investments in data and AI practices will help our clients move from interest to action to value and deliver a clear business case in a responsible manner ,” she pointed out.
“Companies will be better able to reinvent, compete and achieve new levels of performance if they build a solid AI foundation now by adopting and scaling it, the technology matures and delivers clear value,” Sweet explained.
“Our clients face complex environments, and our deep understanding of ecosystem solutions enables us to help them make informed decisions quickly and cost-effectively in an era of rapid technological change,” she added.
Today’s announcement includes a series of investments Accenture is making to help companies develop new strategies, operating models, business cases and digital core architectures to leverage AI innovation:
Accenture will invest in assets, industry solutions, venture capital, acquisitions, talent and ecosystem partnerships that will deepen and develop new skills and capabilities for diagnosing, predicting and generating AI.
The Data & AI practice will double its AI talent to 80,000 professionals through a combination of hiring, acquisitions and training.
The new AI Navigator for Enterprise is a generative AI-based platform that will help customers define business cases, make decisions, navigate the AI journey, choose architectures and understand algorithms and models to drive value responsibly.
Building on Accenture’s own efforts, the platform will include assets designed to accelerate responsible AI practices and compliance programs.
Accenture will create data and AI-ready accelerators for 19 different industries, as well as pre-built industry and functional models that leverage new generative AI capabilities.
To advance the use of generative AI, its Advanced AI Center works to maximize the value of this technology both among clients and within Accenture. This includes extensive R&D and investment to reimagine service delivery using generative and other emerging AI capabilities.
Accenture will invest in new and existing relationships across its industry-leading cloud, data and artificial intelligence ecosystems to reshape the types of work delivered to clients.
For example, developers use pre-built models to enhance prototyping, or creators build dynamic virtual environments that can adapt to changes in the real world.
Paul Daugherty, chief executive of Accenture Technology Group, said: “In the next decade, artificial intelligence will become a megatrend, changing industries, companies and the way we live and work, because generative artificial intelligence changes 40% of all working hours.”
“Our expanded Data and AI practice brings together the full strength and breadth of Accenture’s ability to create industry-specific solutions that will help our clients harness the full potential of AI to reshape their strategies, technology and the way they work, Responsibility drives innovation and value faster than ever before,” he added.-TradeArabia News Service
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