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Accenture has dedicated to rising its knowledge and AI choices within the UK with the acquisition of information consultancy Redkite. The deal will conclude for an undisclosed price, and is a part of a worldwide funding marketing campaign value $3 billion.
In some ways, the final yr has seen the world’s largest consulting corporations look to downsize their presences. Having over-recruited amid the shortly-lived optimism of the post-lockdown months, the rampant inflation of 2022 noticed shopper exercise sluggish dramatically – so over the past 12 months, the likes of the Large 4, the MBB and Accenture have been pushing forward with layoffs.
Accenture introduced in March 2023 that it will reduce its headcount by 19,000 globally. Nevertheless, with the headroom these decisions have opened up, Accenture has additionally sought to extend its capabilities in two main strains – the place shopper sentiment nonetheless appears to be red-hot.
Over the subsequent three years, Accenture plans to speculate greater than $3 billion in its knowledge and AI observe, as hype within the sector continues to achieve fever pitch. Over the course of that growth, the observe goals to double its headcount to 80,000 professionals, via a mixture of hiring, coaching and acquisitions – with a view to higher assist purchasers throughout all industries quickly and responsibly advance and use AI to realize better development, effectivity, and resilience.
The most recent deal to that finish comes within the form of Redkite – a UK-headquartered knowledge consultancy. In line with a launch from Accenture, the acquisition will develop the agency’s knowledge capabilities to assist purchasers introduce “fashionable knowledge platforms that unlock the ability of AI throughout the enterprise”.
Kayur Rughani, a managing director in Accenture’s knowledge and AI observe, mentioned, “AI is a big catalyst and alternative for enterprise transformation. In an effort to transfer from experimentation to scaled implementation, our purchasers want a powerful knowledge and AI basis, they usually must be value-led in each functionality they select to reinvent with generative AI. The highly effective mixture of Accenture and Redkite’s capabilities, experience and providers will assist purchasers make the shift to scale AI investments, quickly and responsibly.”
Based in 2018, Redkite boasts a crew of greater than 230 professionals, and presents up a full breadth of capabilities, from knowledge technique, to architecting and implementing fashionable knowledge platforms. Based mostly in London, the agency has helped a number of the UK’s most bold development firms and family identify manufacturers to launch new services and products, make higher data-driven choices, and create personalised experiences for patrons. The consultancy additionally has a US presence, with an workplace in New York – and has beforehandrecognised as a ‘Nice Place to Work for Ladies’.
Jon Tippell, managing director at Redkite, mentioned, “Everyone knows the subsequent expertise revolution is right here, however knowledge readiness is the highest problem for firms as they transfer ahead with AI adoption. For firms to embrace the chance of information and AI, they want sturdy digital foundations within the cloud throughout their enterprise. Becoming a member of Accenture means we are able to grow to be a stronger pressure for our purchasers to set their knowledge methods in movement and gas their organisations with intelligence.”
The deal additionally enhances numerous Accenture’s earlier acquisitions within the UK. In 2021, it bought cloud and digital transformation consultancy Infinity Works, and in 2020, it welcomed analytics and knowledge transformation providers consultancy Mudano to its ranks.
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