Accenture Invests USD 3 Billion in AI Practices in 2023

By Aarti Dhapte , 21 September, 2023

Accenture announced to invest USD 3 billion in artificial intelligence (AI) practices in 2023 to provide new industry solutions and previously built models that will provide companies across nineteen industries to drive value and accelerate clients.

It will invest in data and artificial intelligence (AI) practices to support its customers with them in various advanced industries. Accenture will use artificial intelligence to gain growth and efficiency in the work field. According to the company, it focuses on helping customers shift from interest to action with the support of data and artificial intelligence (Data & AI) practices. This initiative of Accenture will help the company handle business cases with more responsibility. The organization believes that companies with a firm grasp of artificial intelligence will perform better in the market. It will enhance the ability to compete, invent, and achieve targets, among others, in the companies' performance. Along with the client's more profound understanding of the system despite rapidly changing technological environments, AI's usage helps navigate quickly and economically to make intelligent decisions.

As per the data given by Accenture, artificial intelligence expertise spans more than 1,450 patents and pending applications worldwide. It is expected to consider client solutions in different sectors, such as retail, security, and marketing. Also, the company mentioned working with many clients on projects based on generative AI. Accenture anticipates investing in industry solutions, talent, ecosystem partnerships, and many others. Data and AI practices are supposed to double AI talent to 80,000 professionals through hiring, training, acquisitions, etc. Thus, the new investment of Accenture in artificial intelligence targets using generative AI for client projects and encourages them to adopt the technology.