Accenture makes minority investment in big data startup Paxata

Prakash Nanduri, CEO, PaxataAccenture announced a strategic alliance in Paxata, a big data startup, to help clients provide enterprise end users with data control across multiple data sources.

Further, Accenture also made a minority investment in Paxata, in line with the former’s strategy to invest in the most promising innovations in the market to quickly scale disruptive innovation.

Recognizing Paxata as a strategic data partner, Accenture will include Paxata’s Adaptive Information Platform and self-service data prep application in the Accenture Insights Platform (AIP). AIP is a cloud-based analytics-as-a-service solution designed to solve business problems supporting a data-driven culture.

Paxata will also support Accenture clients’ emerging enterprise requirements such as digital transformation, modern data supply chain, and General Data Protection Regulation (GDPR) for hybrid and multi-cloud environments.

“Paxata’s Adaptive Information Platform empowers users to unlock trapped data and use it to develop robust insights, which can lead to more intelligent decision-making and better business outcomes,” said Narendra Mulani, chief analytics officer, Accenture Analytics. “Through Accenture’s investment and strategic alliance with Paxata, we are well positioned to help our clients’ transformation to becoming data-native organizations.”

Accenture will be a preferred systems integrator for Paxata’s platform globally. Accenture and Paxata will collaborate on Paxata’s product roadmap with the opportunity to undertake joint solution design and technical integrations, for the benefit of clients of both companies.

“Accenture’s drive for efficiency, innovation, and assisting clients with emerging technologies makes this an incredibly strong and an exciting alliance”, said Prakash Nanduri, CEO, Paxata.
Rajani Baburajan

editor@infotechlead.com

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