Accenture invests in Maana targeting digital transformation deals

Accenture onAccenture has made a minority investment in Maana to target oil and gas clients and other industries for offering digital transformation solutions.

Maana Knowledge Platform creates digital knowledge based on human expertise and data and augments people’s abilities to make better and faster decisions.

Accenture can extend its intelligent industry solutions such as Digital Plant Operations and Intelligent Operations Center with Maana’s knowledge platform, which accelerates creation of knowledge models using its patented knowledge graph and artificial intelligence (AI) algorithms.

Accenture can help clients digitize decision flows and optimize assets and operations through the use of AI and analytics within the Maana Knowledge Platform.

Oil and gas companies can achieve better outcomes in areas that require high volume and high value judgment-based decision-making such as well planning and operations, maintenance, commodity trading and logistics.

“With the arrival of the digital Industry X.0 wave, we are already seeing a large number of use cases leveraging Maana’s platform,” said Andrew Smart, global managing director of Accenture’s energy practice.

Babur Ozden, CEO and co-founder, Maana, said the alliance indicates that digitization is becoming a critical mainstream activity for industrial companies and demonstrates the demand for Maana’s AI-driven knowledge technology as a key enabler of industrial digital transformation.”

Last month, Accenture Ventures made a minority investment in and formed an alliance with 1QBit, a quantum computing firm based in Vancouver, British Columbia, to help Accenture Applied Intelligence expand its capabilities in quantum computing analytics across several industries, including energy, financial services and life sciences.

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