Accenture to Invest USD 3 Billion in AI

Accenture has announced that it will invest USD3 billion over three years in its Data & AI practice to help clients across all industries rapidly and responsibly advance and use AI to achieve greater growth, efficiency and resilience.

The investments will be made in Generative AI, 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.

“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.” 

“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. Our clients have complex environments, and at a time when the technology is changing rapidly, our deep understanding of ecosystem solutions allows us to help them navigate quickly and cost effectively to make smart decisions,” Julie Sweet, chair and CEO, Accenture, said.

Besides, Accenture has also launched AI Navigator for Enterprise platform to guide AI strategy, use cases, rigorous business cases, decision-making and responsible policies; and Center for Advanced AI to help maximise value of generative and other AI. It will also create accelerators for data and AI readiness across 19 distinct industries as well as pre-built industry and functional models that take advantage of new generative AI capabilities.