Accenture to Invest $3bn in Its Data & AI Practice

Professional services giant Accenture has announced a $3 billion investment in its Data & AI practice over the next three years, to help clients across all industries use AI to achieve greater business growth.

Accenture's current AI expertise spans more than 1,450 patents and pending patent applications worldwide and hundreds of client solutions at scale, ranging from marketing to retail and security to manufacturing. The firm says the investment will provide funds for assets, industry solutions, ventures, acquisitions, talent and ecosystem partnerships.

The group plans to double its Data & AI practice to 80,000 professionals through a mix of hiring, acquisitions and training; and the practice will offer new industry solutions and pre-built models across nineteen industries. In addition, Accenture will invest in new and existing relationships across its cloud, data and AI ecosystems, to 'reinvent' the type of work being delivered to clients. Funds will also be used to launch the AI Navigator for Enterprise platform, to guide AI strategy, use cases, business cases, decision-making and responsible policies; and the Center for Advanced AI to help maximize the value of generative and other AI.

Julie Sweet (pictured), Chair and CEO, Accenture, comments: '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'.

Web site: www.accenture.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.