Accenture invests $3Bn to boost AI expertise, talent
NEW YORK, UNITED STATES — Global professional services giant Accenture is investing $3 billion in its Data & Artificial Intelligence (AI) practice over the next three years to foster the wider adoption and utilization of AI across its diverse clientele.
Accenture CEO Julie Sweet said that the investment’s primary objective includes enabling clients to realize substantial and responsible value from AI technology.
“Companies that build a strong foundation of AI by adopting and scaling it now, where the technology is mature and delivers clear value, will be better positioned to reinvent, compete and achieve new levels of performance,” she added.
The $3 billion investment will also significantly boost Accenture‘s AI capabilities across diagnostic, predictive, and generative AI, with funds allocated for acquisitions, talent acquisition and development, ventures, industry solutions, and ecosystem partnerships.
This move is set to double Accenture’s AI talent within the Data & AI practice to 80,000 professionals.
As part of the investment, Accenture is launching the AI Navigator for Enterprise, a generative AI platform designed to guide clients in defining business cases, making informed decisions, understanding algorithms and models, and deriving responsible value from AI.
Additionally, Accenture plans to create industry-specific accelerators for data and AI readiness across 19 sectors and invest in new and existing partnerships within its cloud, data, and AI ecosystems.
“Over the next decade, AI will be a mega-trend, transforming industries, companies, and the way we live and work, as generative AI transforms 40% of all working hours,” said Accenture Technology Group Chief Executive Paul Daugherty.
“Our expanded Data & AI practice brings together the full power and breadth of Accenture in creating industry-specific solutions that will help our clients harness AI’s full potential to reshape their strategy, technology, and ways of working, driving innovation and value responsibly and faster than ever before,” he added.
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