Proactive Investors - Accenture (NYSE:ACN) told investors it plans to spend $3 billion over three years in its Data & AI practice to accelerate its clients’ reinvention as the AI mega-trend transforms industries.
The professional services company said in a statement that the investment will help clients across all industries to “rapidly and responsibly advance and use AI to achieve more growth efficiency and resilience."
“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,” commented Accenture CEO said Julie Sweet.
“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.”
The company said the investment builds on its decade-plus leadership in AI, noting that it pioneered its responsible AI framework six years ago.
The framework is now part of how it delivers its work for clients and is included in its code of ethics and underlies its rigorous responsible AI compliance program, it added.
Investments will be made in assets, industry solutions, ventures, acquisitions, talent and ecosystem partnerships as it deepens and develops new skills and capabilities across diagnostic, predictive and generative AI, Accenture said.
Additionally, its Data & AI practice will double its AI talent to 800,000 professionals through hiring, acquisitions and training.
“Over the next decade, AI will be a mega-trend, transforming industries, companies, and the way we live and work, as generative AI transforms 40% of all working hours,” added Paul Daugherty, group chief executive of Accenture Technology.