- IT consulting firm Accenture plans to invest $3bn in its data and artificial intelligence practice over the next three years to double the number of employees hiring, buying other firms, and training staff to reach up to 80,000 people working in AI that will help companies across 19 industries.
- Generative AI is in trend among companies, and Salesforce doubled its venture capital fund for generative AI startups to $500m, unveiling its AI Cloud service on Monday. Accenture launched a new AI Navigator for Enterprise tool also designed to help guide businesses on how they can best use the technology.
- Accenture’s investment comes as part of a wider trend of companies investing heavily in AI and automation. Despite challenges such as ethical implications, the use of AI is expected to continue to grow in the coming years, playing an increasingly important role in shaping the future of work.
Accenture, a leading global professional services company, has announced a $3 billion investment to boost its artificial intelligence (AI) initiatives. The company aims to enhance its AI capabilities to help clients drive growth, transform operations, and optimize costs.
The investment will be made over the next three years, with a focus on research and development, talent development, and acquisition of new technology assets. Accenture plans to expand its team of data scientists, machine learning engineers, and AI specialists by hiring more than 10,000 employees globally.
“AI is a strategic priority for our clients and for our own business, and we are investing to be a leader in this space,” said Julie Sweet, CEO of Accenture. “By combining our industry expertise with cutting-edge AI technologies, we can help our clients unlock new opportunities for growth and innovation.”
The investment will also support the expansion of Accenture’s Applied Intelligence practice, which offers industry-specific solutions for clients in areas such as healthcare, finance, and retail. The company plans to develop new AI-powered products and services that can help clients accelerate digital transformation and stay ahead of the competition.
Accenture’s investment in AI comes at a time when the technology is becoming increasingly important for businesses across all industries. By leveraging AI, companies can automate routine tasks, gain insights from large volumes of data, and create new business models that drive innovation and growth.
With this investment, Accenture is positioning itself to be a leader in the AI space and help its clients capitalize on the potential of this transformative technology. As the global business landscape continues to evolve, companies that embrace AI will be well-positioned to succeed and thrive in the years to come.