Wednesday, January 26, 2022

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Cloud analytics: Accenture takes over Core Compete

Core Compete’s approach to cloud analytics transformation would help Accenture further accelerate time to value

Accenture Plc has acquired the Durham, North Carolina- headquartered cloud analytics services firm, Core Compete for an undisclosed amount. The latter’s team of more than 260 professionals, as a part of the deal, will join Accenture’s Applied Intelligence practice.

To serve a diverse client base across the US and UK, with particular focus on supply chain, retail and financial services, the cloud analytics services firm, which has offices in the UK and India, enables digital transformations with cloud-native solutions that deliver artificial intelligence (AI) and machine learning-infused business outcomes.

The cloud analytics services firm is well-positioned to meet a significant need in the market with its deeply skilled group of data science, data engineering and cloud engineering consultants, the majority of whom have skills across all major cloud providers.

As for Accenture, in the past two years, the cloud analytics services firm is its eighth applied intelligence-focused acquisition. Analytics8 in Australia, Pragsis Bidoop in Spain, Mudano in the UK, and Byte Prophecy in India, Sentelis in France, and Clarity Insights and End-to-End Analytics in the US are the other acquisitions of Accenture.

Accenture research shows that two-thirds of CXOs are planning to increase spending on AI and more than 60 per cent will invest more in cloud-based technologies.

Sanjeev Vohra, global lead for Accenture Applied Intelligence said, “Over the past year we’ve seen cloud adoption increase, enabling organisations to unlock the enterprise value from data and AI strategy at speed”.

Vohra added that Core Compete’s approach to cloud analytics transformation would help Accenture 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.

Also read:Digital transformation: A required change and a new operating model in the BFSI industry

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Khushbu Soni
Chief Editor - CIO News | Founder & CEO - Mercadeo


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