CHICAGO-(BUSINESS WIRE)-Dec 13, 2019-
Accenture (NYSE: ACN) has introduced that it has entered into an settlement to amass Readability Insights, a U.S.-based information consultancy with deep information science, artificial intelligence (AI) and machine studying (ML) experience. The acquisition will add almost 350 workers, together with a robust portfolio of accelerators, which will help organizations extra rapidly notice worth from their information, to Accenture’s Utilized Intelligence enterprise. These additions will additional equip shoppers with main capabilities to satisfy the rising demand for enterprise-scale AI, analytics and automation options.
Based in 2008 and headquartered in Chicago, with further areas all through america, Readability Insights is a number one supplier of knowledge science and AI/ML engineering capabilities for big enterprises, and a strategic companion to shoppers throughout a spread of industries, significantly healthcare, monetary providers and insurance coverage. Acknowledged as one of many Chicago Tribune’s Prime Workplaces 2019, their deal with serving shoppers’ wants finish to finish – from constructing the proper information and AI-enabled technique, to implementing that technical technique in assembly enterprise objectives – creates a robust basis to remodel enterprise processes to embed and scale AI with deeper insights from information.
“Readability Insights’s mixture of robust technical expertise, mixed with deep business experience, will fortify and broaden our capability to assist our shoppers scale AI throughout their companies,” mentioned Athina Kanioura, chief analytics officer and international lead for Utilized Intelligence at Accenture. “Their deal with insight-driven transformation for healthcare bolsters Accenture’s capabilities and is especially vital now, when our analysis exhibits that 87% of healthcare executives surveyed report that they know learn how to pilot, however battle to scale AI throughout their enterprise.”
“We have been drawn to Accenture, largely, due to the synergies in how we strategy shoppers,” mentioned Neil Huse, president and CEO, Readability Insights. “Totally understanding shoppers’ enterprise objectives and aims is step one to a profitable AI deployment. From there our staff can pull collectively the proper information basis, instruments and accelerators that can easy their path to adoption. With Accenture, we’ll be capable of speed up this shared imaginative and prescient for fulfillment and assist extra shoppers get there, extra rapidly.”
Along with organically rising expertise, Accenture’s strategic strategy to acquisitions is designed to make sure the proper capabilities are in place to satisfy present, in addition to rising, shopper wants with velocity and scale. Readability Insights’s bench of deep business, technical, and enterprise consultants builds upon the 2018 U.S. acquisitions of Knowledgent and Kogentix, and can play a pivotal function in strengthening Accenture’s rising analytics, AI and ML/information engineering enterprise in North America. World progress in AI shopper engagements has additionally served as a driver for current Utilized Intelligence acquisitions of Pragsis Bidoop in Spain and Analytics8 in Australia. In its 2019 fiscal 12 months, Accenture invested almost US$1.2 billion globally on 33 acquisitions to amass vital abilities and capabilities in strategic, high-growth areas of the market.
Accenture Utilized Intelligence employs greater than 20,000 professionals, working to assist shoppers scale AI, together with 6,000 information scientists, information engineers and AI professionals worldwide. It has obtained a number of recognitions from main business analyst companies in 2019, together with being named a worldwide chief in AI vendor providers by IDC.
Completion of the acquisition is topic to customary closing situations, together with antitrust clearance. Monetary phrases of the acquisition weren’t disclosed.
Accenture is a number one international skilled providers firm, offering a broad vary of providers and options in technique, consulting, digital, know-how and operations. Combining unmatched expertise and specialised abilities throughout greater than 40 industries and all enterprise capabilities — underpinned by the world’s largest supply community — Accenture works on the intersection of enterprise and know-how to assist shoppers enhance their efficiency and create sustainable worth for his or her stakeholders. With 492,000 folks serving shoppers in additional than 120 nations, Accenture drives innovation to enhance the way in which the world works and lives. Go to us at www.accenture.com.
Utilized Intelligence is Accenture’s strategy to scaling AI for our shoppers. We embed AI-powered information, analytics and automation capabilities into enterprise workflows to speed up time to worth. Our experience in defining end-to-end technique, mixed with deep information infrastructure capabilities, cognitive providers and industrialized accelerators assist easy shoppers’ path to AI adoption, extending human capabilities and supporting shoppers in scaling AI responsibly. Acknowledged as a frontrunner by business analysts, we collaborate with a strong international alliance, innovation and supply community to assist shoppers deploy and scale AI inside any market and business. Comply with @AccentureAI and go to www.accenture.com/appliedintelligence.
Apart from the historic data and discussions contained herein, statements on this information launch could represent forward-looking statements throughout the which means of the Non-public Securities Litigation Reform Act of 1995. Phrases comparable to “could,” “will,” “ought to,” “doubtless,” “anticipates,” “expects,” “intends,” “plans,” “initiatives,” “believes,” “estimates,” “positioned,” “outlook” and comparable expressions are used to determine these forward-looking statements. These statements contain a variety of dangers, uncertainties and different components that might trigger precise outcomes to vary materially from these expressed or implied. These embrace, with out limitation, dangers that: Accenture and Readability Insights won’t be able to shut the transaction within the time interval anticipated, or in any respect, which depends on the events’ capability to fulfill sure closing situations; the transaction may not obtain the anticipated advantages for Accenture; Accenture’s outcomes of operations might be adversely affected by risky, adverse or unsure financial and political situations and the results of those situations on the corporate’s shoppers’ companies and ranges of enterprise exercise; Accenture’s enterprise is determined by producing and sustaining ongoing, worthwhile shopper demand for the corporate’s providers and options together with by way of the variation and enlargement of its providers and options in response to ongoing adjustments in know-how and choices, and a big discount in such demand or an incapacity to answer the altering technological atmosphere may materially have an effect on the corporate’s outcomes of operations; if Accenture is unable to maintain its provide of abilities and assets in steadiness with shopper demand all over the world and appeal to and retain professionals with robust management abilities, the corporate’s enterprise, the utilization price of the corporate’s professionals and the corporate’s outcomes of operations could also be materially adversely affected; Accenture may face authorized, reputational and monetary dangers if the corporate fails to guard shopper and/or firm information from safety breaches or cyberattacks; the markets by which Accenture operates are extremely aggressive, and Accenture may not be capable of compete successfully; adjustments in Accenture’s stage of taxes, in addition to audits, investigations and tax proceedings, or adjustments in tax legal guidelines or of their interpretation or enforcement, may have a fabric hostile impact on the corporate’s efficient tax price, outcomes of operations, money flows and monetary situation; Accenture’s profitability may materially endure if the corporate is unable to acquire favorable pricing for its providers and options, if the corporate is unable to stay aggressive, if its cost-management methods are unsuccessful or if it experiences supply inefficiencies; Accenture’s outcomes of operations might be materially adversely affected by fluctuations in international forex trade charges; because of Accenture’s geographically various operations and its progress technique to proceed to develop in its key markets all over the world, the corporate is extra inclined to sure dangers; Accenture’s enterprise might be materially adversely affected if the corporate incurs authorized legal responsibility; Accenture’s work with authorities shoppers exposes the corporate to further dangers inherent within the authorities contracting atmosphere; if Accenture is unable to handle the organizational challenges related to its measurement, the corporate could be unable to realize its enterprise aims; Accenture’s capability to draw and retain enterprise and workers could depend upon its fame within the market; if Accenture doesn’t efficiently handle and develop its relationships with key alliance companions or fails to anticipate and set up new alliances in new applied sciences, the corporate’s outcomes of operations might be adversely affected; Accenture may not achieve success at buying, investing in or integrating companies, getting into into joint ventures or divesting companies; if Accenture is unable to guard its mental property rights or if Accenture’s providers or options infringe upon the mental property rights of others or the corporate loses its capability to make the most of the mental property of others, its enterprise might be adversely affected; Accenture’s outcomes of operations and share worth might be adversely affected whether it is unable to keep up efficient inside controls; adjustments to accounting requirements or within the estimates and assumptions Accenture makes in reference to the preparation of its consolidated monetary statements may adversely have an effect on its monetary outcomes; a lot of Accenture’s contracts embrace charges topic to the attainment of targets or particular service ranges, which may enhance the variability of the corporate’s revenues and impression its margins; Accenture could be unable to entry further capital on favorable phrases or in any respect and if the corporate raises fairness capital, it might dilute its shareholders’ possession curiosity within the firm; Accenture could also be topic to criticism and adverse publicity associated to its incorporation in Eire; in addition to the dangers, uncertainties and different components mentioned underneath the “Threat Elements” heading in Accenture plc’s most up-to-date annual report on Kind 10-Ok and different paperwork filed with or furnished to the Securities and Change Fee. Statements on this information launch communicate solely as of the date they have been made, and Accenture undertakes no obligation to replace any forward-looking statements made on this information launch or to evolve such statements to precise outcomes or adjustments in Accenture’s expectations.
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PUB: 12/13/2019 01:15 PM/DISC: 12/13/2019 01:15 PM