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Accenture Commits $3 Billion Investment in AI to Increase Efficiency for Enterprise Clients

June 13, 2023
in Metaverse
Reading Time: 3 mins read
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Accenture at present introduced that it’s going to make investments $3 billion over three years to broaden its knowledge and AI apply and improve effectivity for its enterprise clients throughout 19 industries. This funding builds on Accenture’s decade-plus expertise in delivering AI consulting companies and options for companies.

Accenture Commits $3 Billion Investment in AI to Increase Efficiency for Enterprise Clients

Printed: 13 June 2023, 1:00 pm Up to date: 13 Jun 2023, 8:43 am

The corporate has a wealth of expertise in AI, with greater than 1,450 patents and a whole lot of profitable consumer options throughout a variety of industries. Accenture has built-in AI into its service supply strategies by means of platforms like myWizard, SynOps, and MyNav, permitting them to ship worth and insights to 1000’s of shoppers.

Six years in the past, Accenture developed its personal accountable AI framework, which is now an integral a part of the corporate’s code of ethics and is the muse of its rigorous compliance program for accountable AI. At the moment, Accenture is working with shoppers on generative AI tasks, reminiscent of serving to a resort group deal with buyer inquiries or helping authorized programs in analyzing giant volumes of advanced authorized paperwork.

The $3 billion funding can be unfold throughout a variety of recent methods, working fashions, enterprise circumstances and digital core structure to capitalize on AI innovation. These embrace:

Belongings, {industry} options, ventures, acquisitions, expertise and ecosystem partnerships, which is able to deepen and develop new expertise and capabilities throughout diagnostic, predictive and generative AI.The Information & AI apply will double its AI expertise to 80,000 professionals by means of a mixture of hiring, acquisitions, and coaching.The brand new AI Navigator for Enterprise is a generative AI-based platform that can assist shoppers outline enterprise circumstances, make selections, navigate AI journeys, select architectures and perceive algorithms and fashions to drive worth responsibly. Constructing on Accenture’s efforts, the platform will embrace property designed to speed up accountable AI practices and compliance applications.Creating accelerators for knowledge and AI readiness throughout 19 distinct industries, in addition to pre-built {industry} and practical fashions that reap the benefits of new generative AI capabilities.Its Middle for Superior AI is devoted to maximizing the worth of generative AI for shoppers and inside Accenture. This consists of in depth R&D and investments to reimagine service supply utilizing generative and different rising AI capabilities.New and current relationships throughout its industry-leading cloud, knowledge and AI ecosystems. As an example, builders utilizing pre-built fashions to boost prototyping or creators constructing dynamic digital environments that may adapt with real-world modifications.

“Over the subsequent decade, AI can be a mega-trend, remodeling industries, corporations, and the best way we dwell and work, as generative AI transforms 40% of all working hours,” mentioned Paul Daugherty, group chief government, Accenture Expertise. “Our expanded Information & AI apply brings collectively the total energy and breadth of Accenture in creating industry-specific options that can assist our shoppers harness AI’s full potential to reshape their technique, know-how, and methods of working, driving innovation and worth responsibly and sooner than ever earlier than.”

Accenture joins different skilled companies corporations together with PwC, EY, and KPMG in bringing generative AI to skilled companies. In April, PwC introduced that it’s going to make investments $1 billion over the subsequent three years to boost its U.S. operations.

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