Accenture has acquired Durham-headquartered Core Compete, a cloud analytics providers agency, for an undisclosed quantity. With the acquisition, Accenture goals to strengthen its cloud analytics and AI capabilities.
Accenture analysis confirmed two-thirds of CxOs have plans to extend spending on AI and over 60 % would make investments extra in cloud-based applied sciences, making the acquisition of Core Compete a well timed transfer.
Founded in 2012, Core Compete is powered by a deeply expert group of information science, knowledge engineering and cloud engineering consultants, which Accenture is trying to faucet into. Further, Core Compete has a stronghold within the cloud market and is well-positioned to fulfill a big want out there.
The deal will give Accenture entry to greater than 260 seasoned and skilled professionals from Core Compete. They will be a part of Accenture’s Applied Intelligence practise to assist execute its cloud-based knowledge and AI methods to drive extra enterprise worth. Applied Intelligence is Accenture’s method to scaling AI for purchasers by embedding AI-powered knowledge, analytics and automation capabilities into enterprise workflows.
With places of work within the UK and India, Core Compete allows digital transformations with cloud-native options that ship synthetic intelligence and machine learning-infused enterprise outcomes. It serves a various shopper base throughout the US and UK, with a specific deal with provide chain, retail and monetary providers.
“Over the past year we’ve seen cloud adoption increase, enabling organizations to unlock the enterprise value from data and AI strategy at speed,” stated Sanjeev Vohra, international lead for Accenture Applied Intelligence. “Core Compete’s approach to cloud analytics transformation helps us further accelerate time to value for our clients, giving them the right tools, strategy and talent to reap the full benefits of being data-driven.”
“We have always seen the power of cloud analytics and are proud of the client transformations we’ve led over the past nine years,” stated Shiva Kommareddi, managing accomplice, Core Compete. “Accenture’s investment in cloud and focus on AI as an exponential source of value is exactly what we need to help broaden our impact across new markets and industries and deepen our impact with clients.”
Over the previous couple of years, Accenture has acquired firms reminiscent of Analytics8, Byte Prophecy, Clarity Insights and End-to-End Analytics.
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