Accenture to Invest $3 Billion in AI to Accelerate Clients’ Reinvention

Technology company Accenture said it will be investing $3 billion over three years in its Data & AI practice to its help clients across all industries rapidly and responsibly advance and 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.

“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. Our clients have complex environments, and 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.”

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 market leading platforms such as myWizard, SynOps, and MyNav.

Six years ago, Accenture pioneered 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.

Accenture to invest in assets, solutions, ventures, acquisitions, talent, and partnerships to enhance AI skills and capabilities. Data & AI practice to double AI talent to 80,000 professionals via hiring, acquisitions, and training.

New AI Navigator for Enterprise platform aids clients in defining cases, decision-making, AI journeys, architecture selection, and responsible value generation. Accelerators and models for data and AI readiness in 19 industries. Center for Advanced AI focuses on maximizing generative AI benefits. Investments in cloud, data, and AI ecosystems for innovative work delivery, including pre-built models and dynamic virtual environments.

“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 Paul Daugherty, group chief executive, Accenture Technology. “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.”

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