Accenture has revealed plans to invest $3 billion in its Data & AI practice over the next three years. The investment aims to assist clients from various industries in adopting artificial intelligence (AI) quickly and responsibly, ultimately resulting in higher growth, efficiency, and resilience.
According to Julie Sweet, the chair and CEO of Accenture, there is an unprecedented level of interest in all areas of AI. To help clients move beyond interest and into action, Accenture is making a substantial investment of $3 billion in its Data & AI practice. The investment is designed to enable clients to adopt AI in a responsible manner that includes clear business cases, resulting in greater growth, efficiency, and resilience.
Sweet believes that companies that establish a strong foundation of AI by adopting and scaling it now, while the technology is mature and delivering clear value, will be better positioned to reinvent themselves, compete, and achieve new levels of performance. Given that clients have complex environments and the technology is evolving rapidly, Accenture’s deep understanding of ecosystem solutions allows it to help clients navigate quickly and cost-effectively, making informed decisions.
The investment capitalizes on Accenture‘s decade-plus leadership in the field. With over 1,450 patents and pending patent applications worldwide, the company has established itself as an expert in AI. Its expertise has been applied to hundreds of client solutions across various industries, including marketing, retail, security, and manufacturing, among others.
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Today’s announcement from Accenture outlines a comprehensive range of investments aimed at helping companies develop new strategies, operating models, business cases, and digital core architectures that can capitalize on AI innovation. The following detail the specific investments that Accenture will make:
- Accenture will invest in assets, industry solutions, ventures, acquisitions, talent, and ecosystem partnerships to 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 designed to 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 the uses of generative AI, the Center for Advanced AI will be 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 industry-leading cloud, data, and AI ecosystems to reinvent the type of work being delivered to clients. For example, developers will use pre-built models to enhance prototyping, while creators will build dynamic virtual environments that can adapt to real-world changes.
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