Accenture to invest $3 billion in Artificial Intelligence, double AI talent to 80,000

The IT services major said it will invest in assets, industry solutions, ventures, acquisitions, talent, and partnerships, “which will deepen and develop new skills and capabilities across diagnostic, predictive, and generative AI’’.

Accenture said it will invest in new and existing relationships across cloud, data, and AI.

The company said it is currently working on generative AI projects, such as helping a hotel group manage customer queries, and a judicial system that analyses procedural information across hundreds of thousands of complex documents.

The company launched its AI Navigator for Enterprise platform “that will help clients define business cases, make decisions, navigate AI journeys, choose architectures, and understand algorithms and models to drive value’’.

It also announced the Center for Advanced AI “to help maximise the value of generative and other AI’’.

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Paul Daugherty, group chief executive, Accenture Technology, said that over the next decade, AI will transform industries, companies, and the way we live and work, “as generative AI transforms 40% of all working hours”. Accenture CEO Julie Sweet said, “there is unprecedented interest in all areas of AI, and the substantial investment we are making in our data & AI practice will help clients move from interest to action to value in a responsible way, with clear business cases’’.

“Companies that build a strong foundation of AI now will be better positioned to reinvent, compete, and achieve new levels of performance’’, she added.

The company said it has also embedded AI in its service delivery, driving efficiency, insights, and value for clients through its platforms such as myWizard, SynOps, and MyNav.