Accenture noted its AI expertise spans more than 1,450 patents and pending patent applications worldwide
Accenture announced a $3 billion investment over three years in its Data & Artificial Intelligence (AI) practice to help clients across all industries “rapidly and responsibly” advance and use AI.
“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 at 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 noted its AI expertise already spans more than 1,450 patents and pending patent applications worldwide and hundreds of client solutions for different sectors including marketing, retail, security and manufacturing.
The company also said it is currently working with many clients on generative AI projects, such as helping a hotel group manage customer queries or a judicial system synthesize judicial process information across hundreds of thousands of complex documents.
As part of the committed investment in AI, Accenture plans to invest in assets, industry solutions, ventures, acquisitions, talent and ecosystem partnerships. The Data & AI practice will double its AI talent to 80,000 professionals through a mix of hiring, acquisitions and training.
Accenture also explained its new AI Navigator for Enterprise is a generative AI-based platform that will help clients define business cases and choose architectures. The platform will include assets designed to accelerate responsible AI practices and compliance programs, Accenture said.
Accenture will also create accelerators for data and AI readiness across 19 industries as well as pre-built industry and functional models that take advantage of new generative AI capabilities.
“Over the next decade, AI will be a mega-trend, transforming industries, companies, and the way we live and work, as generative AI transforms 40% of all working hours,” said Paul Daugherty, group CEO at Accenture Technology. “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.”
