Accenture To Venture $3 Billion in AI To Accelerate Clients Reinvention

CIOTechOutlook Team | Tuesday, 13 June 2023, 11:23 IST

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Accenture disclosed a $3 billion investment over three years in its Data & AI practise in order to assist clients across all industries progress and deploy AI safely and expeditiously in order to achieve better 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 expands on Accenture's more than ten years of AI leadership. More than 1,450 issued and pending patents globally, as well as hundreds of large-scale customer solutions in industries including marketing, retail, security, and manufacturing, demonstrate the company's experience in artificial intelligence. Accenture has integrated AI into every aspect of its service delivery strategy, utilising industry-leading platforms like myWizard, SynOps, and MyNav to increase efficiency, provide insights, and accelerate value for thousands of clients.
 
Innovating its responsible AI framework six years ago, Accenture currently uses it to deliver work to clients, includes it in its code of ethics, and it serves as the foundation of its strict responsible AI compliance programme. Accenture is now collaborating with a wide range of clients on generative AI initiatives, such as assisting a hotel chain in managing customer inquiries or aiding a legal system in synthesising information about judicial proceedings across thousands of intricate documents.
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