Last Updated on December 22, 2023 by SPN Editor
Accenture, a global leader in professional services, has made a significant stride in the field of artificial intelligence (AI) by launching its state-of-the-art Generative AI Studio in Bengaluru, India. This strategic initiative aligns with the company’s commitment to invest an impressive $3 billion in data and AI over the next three years. Located within Accenture’s Innovation Hub, this studio signifies a crucial step towards promoting GenAI adoption and transforming global business processes.
An Innovative Generative AI Studio in Bengaluru
As AI continues to reshape industries, Accenture has positioned itself at the forefront, particularly with the inauguration of its Generative AI studio in Bengaluru. This studio marks a significant milestone in the company’s journey to fully harness the potential of AI.
Embracing Generative AI
Generative AI, a subset of AI that is gaining momentum, is known for its ability to generate a variety of content, from text to images and music. Accenture’s Generative AI studio is set to exploit this technology, reinventing enterprise landscapes and enhancing business operations.
The range of services offered by Accenture includes strategy & roadmap, design & build, and operationalize & run, bringing transformative changes to all aspects of businesses. The company also provides prebuilt AI solutions designed for various enterprise functions, including sales, marketing, customer service, finance, talent, and legal sectors.
A Network of AI Studios
The Bengaluru studio integrates seamlessly into Accenture’s network of Generative AI studios across North America. These specialized hubs are strategically designed to help clients transition from interest to action, ensuring responsible AI adoption with clear business benefits. They serve as centers of expertise, enabling clients to explore industry-specific use cases, co-innovate, conduct AI pilots, and efficiently launch and scale programs.
Accenture’s unwavering commitment to Generative AI is demonstrated by its $3 billion investment in data and AI. These studios serve as connectors, linking clients with Accenture’s top data and AI experts, and leveraging the company’s ecosystem partnerships, ventures, and strategic investments within the Center for Advanced AI.
Purpose and Role of the AI Studio
The Generative AI Studio goes beyond being just a physical space; it serves as a collaborative hub where Accenture’s data and AI team works with clients to ideate and implement solutions based on Generative AI technologies. The studio’s primary objective is to optimize business processes and facilitate enterprise transformation. Senthil Ramani, Global Lead – Data & AI at Accenture, emphasizes that the studio enables clients to prioritize capabilities across the entire value chain, facilitating effective scaling of their AI investments.
Accenture’s AI Investment Trend
The establishment of the Generative AI Studio reflects a broader trend of increasing AI investment. Accenture’s recent survey reveals a significant increase, with 74% of C-suite executives planning to increase their AI-related spending by 2024, a substantial jump from 50% in the previous year. This highlights the growing recognition of AI’s transformative potential across various industries.
Bengaluru AI Studio Services
The Generative AI Studio in Bengaluru offers a range of services aimed at enabling clients to understand, experiment with, adopt, and scale Generative AI solutions. These services include the proprietary GenAI model “switchboard,” customization techniques, model-managed services, and specialized training programs, acting as a catalyst for clients to seamlessly adopt and integrate Generative AI.
Accenture’s Futuristic Vision
Pioneering Technological Innovation Accenture’s audacious move in setting up the Generative AI Studio in Bengaluru highlights its dedication to nurturing innovation in the AI sphere. The studio’s fundamental focus on teamwork, avant-garde solutions, and scalability bears witness to Accenture’s resolve to catalyze business transformation through GenAI. As the AI landscape continues to evolve, Accenture’s Generative AI Studio remains steadfast, reflecting the company’s commitment to spearheading technological progress.
Acquisition of Accenture
A few months back, Accenture, the Ireland-based company, declared its plans to take over Flutura, an industrial AI firm located in Bengaluru.
The specifics of the deal, including its value, were not made public. Flutura is a team of around 110 professionals, specializing in industrial data science services for manufacturers and other companies with intensive assets.
Accenture stated that the acquisition of Flutura would bolster its industrial AI services, enhancing the performance of plants, refineries, and supply chains. This would also expedite clients in achieving their net-zero objectives. Accenture intends to extend Flutura’s capabilities to its clients in the energy, chemicals, metals, mining, and pharmaceutical sectors.
Last year, Accenture acquired ALBERT, a data science company in Japan. Its other recent AI acquisitions include Analytics8 in Australia, Sentelis in France, Bridgei2i and Byte Prophecy in India, Pragsis Bidoop in Spain, Mudano in the UK, and Clarity Insights in the US.
Senthil Ramani, the senior managing director and Accenture Applied Intelligence lead for Growth Markets, stated that Flutura is democratizing AI for engineers. This acquisition is set to fuel AI-driven industrial transformation for their clients worldwide, especially in regions like Australia, South-East Asia, Japan, Africa, India, Latin America, and the Middle East.