accenture ai investment

Globally, the difference in return on AI investments between companies in the Proof of Concept stage and Strategic Scalers equates to an average of US$110 million. “Over the past year we’ve seen cloud adoption increase, enabling organizations to unlock the enterprise value from data and AI strategy at speed,” said Sanjeev Vohra, global lead for Accenture Applied Intelligence. Stay tuned. Accenture’s Acquisition History. 03.02.2021 - Accenture (NYSE: ACN) has made a strategic investment, through Accenture Ventures, in Touchcast, a leading virtual experience company. However, he said that $66.5B in productivity gains would vanish if organizations do not provide enough training for employees to complement machinery. AHMEDABAD, India; May 18, 2020 – Accenture (NYSE: ACN) has acquired Byte Prophecy, an automated insights and big data analytics company based in Ahmedabad, India, to meet the growing demand for enterprise-scale AI and digital analytics solutions across the region. Maximizing AI Investments | Accenture 1. This press release features multimedia. The investment in Malong is Accenture Ventures’ first investment in China. Core … Accenture has acquired Core Compete, a cloud analytics services firm headquartered in Durham, North Carolina, with additional offices in the UK and India. Terms of the investment were not disclosed. Managing partner at Core Compete, Shiva Kommareddi, said: “Accenture’s investment in cloud and focus on AI as an exponential source of value is … NEW YORK and SAN FRANCISCO; Sept. 1, 2020 – Accenture (NYSE: ACN) has made a strategic investment, through Accenture Ventures, in InCountry, a data residency-as-a-service platform provider. “Accenture’s investment in cloud and focus on AI as an exponential source of value is exactly what we need to help broaden our impact across … Investment in financial technology (fintech) ventures edged higher in the first half of 2020, led by strong gains in China and Australia and an increase in the U.K. that helped more than offset a drop in fundraising in the U.S. and some European markets, according to Accenture analysis of data from CB Insights, a global venture-finance data and analytics firm. The amount of the deal was not disclosed. The investment in the newly created Accenture Cloud First group underscores the importance of cloud services to IT services providers -- from global professional services firms like Accenture to local and regional MSPs also banking on the cloud.Cloud has been one of the bright spots in the IT market, which has taken a hit due to the COVID-19 pandemic and the related economic downturn. Accenture also said that it will make a strategic investment in AI and mixed reality solutions provider Touchcast through Accenture Ventures, the venture capital arm of the Irish technology major. Accenture research shows that two-thirds of CxOs are planning to increase spending on AI and over 60 percent will invest more in cloud-based technologies. Of course, those are only a drop in the bucket of Accenture’s acquisitions. Together with Accenture, we offer a powerful combination of services and a cutting-edge technology platform.” Touchcast is the latest addition to the investment portfolio of Accenture Ventures, which is focused on investing in companies that create or apply disruptive enterprise technologies. Accenture research showed two-thirds of CxOs have plans to increase spending on AI and over 60 percent would invest more in cloud-based technologies, making the acquisition of Core Compete a timely move. Accenture has made multiple AI and analytics acquisitions lately. Accenture (NYSE: ACN) has acquired Core Compete, a Durham, North Carolina-based cloud analytics services firm. Accenture research shows that two-thirds of CxOs are planning to increase spending on AI and over 60 percent will invest more in cloud-based technologies. Accenture’s Christian J. Spitz addresses the impact of artificial intelligence on wealth management and how best to leverage it. On 1 February, Accenture had announced that it would acquire cloud engineering solutions provider Imaginea to accelerate its cloud-native product and platform engineering services. Additional example deals involve Analytics8 in Australia, Pragsis Bidoop in Spain, Clarity Insights in North America, Mudano in the UK and Byte Prophecy in India. NEW YORK; Nov. 18, 2020 – Accenture (NYSE: ACN) has made a strategic investment, through Accenture Ventures, in TripleBlind, a data privacy and virtual clean room solution provider. Tom Lounibos, managing director, Accenture Ventures, added, “Our investment in TripleBlind demonstrates Accenture Ventures’ commitment to cultivating the latest technologies, enhanced by human ingenuity, that solve for our clients’ most critical business needs. With its Industry X.0 initiative, Accenture is gearing up for the future of Tech, acquiring startups which would enable Design, Hardware and Software capabilities; and the synergy would help bring in an AI dimension to Accenture’s businesses as well its clients. China is already a leading player in AI funding, the number of AI startups, and the number of AI-related patents. Combining unmatched experience and specialized skills across more than 40 industries, we offer Strategy and Consulting, Interactive, Technology and Operations services—all powered by the world’s largest network of Advanced Technology and Intelligent Operations centers. Accenture is a global professional services company with leading capabilities in digital, cloud and security. Accenture AI expert on how first principles prevent problems . NEW YORK; Dec. 15, 2020 – Accenture (NYSE: ACN) has made a strategic investment, through Accenture Ventures, and formed a strategic alliance with Reactive Technologies, a London-based provider of power and grid technology, to help utilities accelerate the transition to low-carbon energy. NEW YORK; March 17, 2021 – Accenture (NYSE: ACN) is bolstering its sustainability services and analytics capabilities with a strategic investment from Accenture Ventures in Arabesque S-Ray GmbH, a leading global provider of environmental, social, and governance (ESG) data and insights. The latest deal is expected to strengthen Accenture's (ACN) capabilities in analytics, data and AI space, globally. Michael Vizard @mvizard April 9, 2021 7:10 AM. Accenture research shows that two-thirds of CxOs are planning to increase spending on AI and over 60 percent will invest more in cloud-based technologies. Popular. WASHINGTON (dpa-AFX) - Accenture plc (ACN) announced Thursday a strategic investment, through Accenture Ventures, in Synadia Communications, the company … The aim: Help companies progress on their AI journey, from one-off AI experimentation to gaining a robust organization-wide capability that acts as a source of competitive agility and growth. To answer that question, Accenture conducted a landmark global study involving 1,500 C-suite executives from organizations across 16 industries. THEGREATDIVIDE “Strategic Scalers” see a much higher success rate and return on AI investments compared to companies pursuing siloed proof of concepts. Entis wrote in an opinion piece published Friday on FCW that Accenture previously estimated that the federal government would see a $364B return on investment for AI programs in 2028. Founded in 2012, Core Compete is powered by a deeply skilled group of data science, data engineering and cloud engineering consultants, which Accenture is looking to tap into. Accenture has made a strategic investment, through Accenture Ventures, in Touchcast, a leading virtual experience company. According to an Accenture report, growth in the AI healthcare market is expected to reach $6.6 billion by 2021 – a compound annual growth rate of 40% – and the analyst firm predicts that when combined, key clinical health AI applications could potentially create $150 billion in annual savings for the U.S. healthcare economy by 2026. "Over the past year we've seen cloud adoption increase, enabling organizations to unlock the enterprise value from data and AI strategy at speed," said Sanjeev Vohra, global lead for Accenture Applied Intelligence. In the next post, we’ll see the kind of companies Intel is acquiring to fuel its AI capabilities. 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