Recently, global professional services company Accenture has announced that it has planned a massive $3 billion investment over the next three years in its Data & AI practice.
Accenture Plans To Leverage Artificial Intelligence (AI)
In an update on its website, Accenture said that the investment aims to assist clients across all industries in to drive growth, efficiency, and resilience responsibly and rapidly.
Furthermore, the Chairperson and CEO of Accenture, Julie Sweet emphasized the importance of the investment, stating that companies that adopt and scale artificial intelligence (AI) will be better positioned to reinvent themselves, compete, and achieve new levels of performance as the technology is mature and delivers clear value.
Further, the IT Service provider has highlighted Accenture’s deep understanding of ecosystem solutions which enables them to help clients navigate the rapidly changing technology landscape quickly and cost-effectively.
This investment is built upon its decade-long leadership in AI, with expertise spanning over 1,450 patents and pending patent applications worldwide.
Implementation of AI Across Various Sectors
At present, the IT giant has already implemented AI across various sectors which include marketing, retail, security, and manufacturing, delivering efficiency, insights, and value to numerous clients.
Moving ahead, Accenture will focus on developing new strategies, operating models, business cases, and digital core architecture to capitalize on AI innovation, as part of this investment.
Further, the company plans to invest in assets, industry solutions, ventures, acquisitions, talent, and ecosystem partnerships, deepening and expanding its capabilities across diagnostic, predictive, and generative AI.
Accenture said it will double its AI talent to 80,000 professionals through a combination of hiring, and training, in order to support these efforts.
Besides this, the company will also introduce the AI Navigator for Enterprise, a generative AI-based platform designed to help clients define business cases, make informed decisions, navigate AI journeys, and drive value responsibly.
Further adding that it will create accelerators for data and AI readiness across 19 different industries, along with pre-built industry and functional models that leverage generative AI capabilities.
In addition, Accenture will establish a Centre for Advanced AI dedicated to maximizing the value of generative AI for both clients and within the company itself, investing in research and development to reimagine service delivery.
Accenture said it plans to invest in new and existing relationships within its cloud, data, and AI ecosystems, aiming to revolutionize the type of work delivered to clients.
This will be achieved by utilizing pre-built models and dynamic virtual environments, developers and creators can enhance prototyping and adapt to real-world changes more efficiently, according to the company.
