Global professional services company, Accenture, has announced a significant investment in artificial intelligence (AI). The company will be investing $3 billion over the next three years in its data AI practice. This move is aimed at helping clients across all industries to rapidly and responsibly advance and use AI to achieve greater growth, efficiency, and resilience.
The investment is a response to the unprecedented interest in all areas of AI. Julie Sweet, Chair and CEO of Accenture, believes that companies that build a strong foundation of AI now, where the technology is mature and delivers clear value, will be better positioned to reinvent, compete, and achieve new levels of performance.
Accenture’s investment will be channeled into assets, industry solutions, ventures, acquisitions, talent, and ecosystem partnerships. This will deepen and develop new skills and capabilities across diagnostic, predictive, and generative AI. The company plans to double its AI talent to 80,000 professionals through a mix of hiring, acquisitions, and training.
The company is also launching the AI Navigator for Enterprise, 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.
Key Takeaways
- Accenture’s AI Leadership: Accenture’s leadership in AI spans more than a decade, with expertise reflected in more than 1,450 patents and pending patent applications worldwide. The company has embedded AI across its service delivery approach, driving efficiency, insights and accelerating value for thousands of clients.
- Generative AI Projects: Accenture is currently working with many clients on generative AI projects. For example, helping a hotel group manage customer queries or a judicial system synthesize judicial process information across hundreds of thousands of complex documents.
- The Future of AI: According to Paul Daugherty, Group Chief Executive Accenture Technology, AI will be a megatrend transforming industries, companies, and the way we live and work over the next decade. As generative AI transforms 40% of all working hours, Accenture’s expanded data AI practice aims to help clients harness AI’s full potential to reshape their strategy, technology, and ways of working.
