Accenture plans $3 bn investment in Data & AI practice to help clients

Accenture announced a $3 billion investment over three years in its Data & AI practice to help clients advance and use AI to achieve more growth and efficiency.
Accenture AI business
“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.”

Accenture’s AI expertise spans more than 1,450 patents and pending patent applications and hundreds of client solutions, 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 clients through its market leading platforms such as myWizard, SynOps, and MyNav.

Accenture’s announcement includes a range of investments that Accenture is making to help companies develop the new strategies, operating models, business cases and digital core architecture they will need to capitalize on AI innovation.

Accenture will invest in assets, industry solutions, ventures, acquisitions, talent and ecosystem partnerships, which will 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.

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

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