Accenture will invest $3 billion in its Data & AI practice over three years, to ensure clients across all industries are equipped well enough to use AI to achieve greater growth, efficiency and resilience.
“There is unprecedented interest in all areas of AI, and the substantial investment we are making in our Data & AI practice will help our clients move from interest to action to value, and in a responsible way with clear business cases,” said Julie Sweet, chair and CEO, Accenture.
Sweet explained that a “strong foundation” is built in companies through AI adoption.
“Technology is mature and delivers clear value, will be better positioned to reinvent, compete and achieve new levels of performance,” she said adding that Accenture’s clients have “complex environments.”
“At a time when the technology is changing rapidly, our deep understanding of ecosystem solutions allows us to help them navigate quickly and cost-effectively to make smart decisions,” Sweet said.
Transforming industries with Accenture’s AI expertise
The new investment is part of Accenture’s continued efforts to build itself as a leader in AI. The company’s AI expertise is backed by over 1,450 patents and pending patent applications worldwide, as well as a wide range of client solutions in various sectors.
Accenture has integrated AI into its service delivery approach, bringing efficiency, insights, and accelerated value to thousands of clients through its renowned platforms like myWizard, SynOps, and MyNav.
Additionally, the company has pioneered a responsible AI framework, which guides its work for clients and is a fundamental part of its code of ethics and responsible AI compliance programme.
The recent announcement includes several key investments aimed at assisting companies in developing strategies, operating models, business cases, and digital core architecture to leverage AI innovation effectively. Accenture plans to invest in assets, industry solutions, ventures, acquisitions, talent, and ecosystem partnerships, with a focus on expanding skills and capabilities in diagnostic, predictive, and generative AI.
As part of its commitment, Accenture’s Data & AI practice will double its AI talent pool to 80,000 professionals through a combination of hiring, acquisitions, and training, the statement said, adding that the company is also introducing the AI Navigator for Enterprise, a generative AI-based platform that will enable clients to define business cases, make informed decisions, navigate AI implementation journeys, choose appropriate architectures, and comprehend algorithms and models responsibly.
The platform will include assets designed to expedite responsible AI practices and compliance programs.
Accenture will establish accelerators for data and AI readiness across 19 industries, as well as pre-built industry and functional models that leverage the capabilities of generative AI.
To maximise the value of generative AI, Accenture’s Center for Advanced AI will also focus on extensive research and development efforts and investments to reimagine service delivery using this emerging technology and other AI capabilities.
Moreover, the company plans to invest in new and existing relationships within its cloud, data, and AI ecosystems, aiming to revolutionise the nature of work provided to clients.
This includes empowering developers with pre-built models to enhance prototyping and enabling creators to build dynamic virtual environments that can adapt to real-world changes.
“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 percent of all working hours,” said Paul Daugherty, group chief executive, Accenture Technology.
He added: “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.”
Follow us on
