Accenture (NYSE: ACN) announced a $3 billion investment over three years in its Data & AI practice to help clients across all industries rapidly and responsibly advance and use AI to achieve greater growth, efficiency and resilience.
The investment builds on Accenture’s decade-plus leadership in AI. The company’s AI expertise spans more than 1,450 patents and pending patent applications worldwide and hundreds of client solutions at scale, ranging from marketing to retail and security to manufacturing.
Accenture has embedded AI across its service delivery approach, driving efficiency, insights, and accelerating value for thousands of clients through its platforms such as myWizard, SynOps, and MyNav. Six years ago, the company launched its responsible AI framework, which is now part of how Accenture delivers its work for clients, is included in the company’s code of ethics and underlies its rigorous responsible AI compliance program.
Accenture is currently working with many clients on generative AI projects, such as helping a hotel group manage customer queries or a judicial system synthesize judicial process information across hundreds of thousands of complex documents.
The announcement includes a range of investments including:
- Accenture will invest in assets, industry solutions, ventures, acquisitions, talent and ecosystem partnerships, which will deepen and develop new skills and capabilities across diagnostic, predictive and generative AI.
- The Data & AI practice will double its AI talent to 80,000 professionals through a mix of hiring, acquisitions and training.
- The new AI Navigator for Enterprise is a generative AI-based platform that will help clients define business cases, make decisions, navigate AI journeys, choose architectures and understand algorithms and models to drive value responsibly. The platform will include assets designed to accelerate responsible AI practices and compliance programs.
- Accenture will create accelerators for data and AI readiness across 19 distinct industries as well as pre-built industry and functional models that take advantage of new generative AI capabilities.
- To advance uses of generative AI, its Center for Advanced AI is dedicated to maximizing the value of this technology across clients and within Accenture. This includes extensive R&D and investments to reimagine service delivery using generative and other emerging AI capabilities.
- Accenture will invest in new and existing relationships across its cloud, data and AI ecosystems.
FinSMEs
15/06/2023