Accenture and NVIDIA Lead Enterprises into Era of AI

Rhea-AI Summary

Accenture (NYSE: ACN) and NVIDIA have expanded their partnership to help enterprises scale AI adoption. Key highlights include:

1. Formation of the Accenture NVIDIA Business Group with 30,000 professionals receiving training globally.

2. Launch of Accenture AI Refinery platform using NVIDIA's full AI stack.

3. Opening of AI Refinery Engineering Hubs in Europe, Asia, and North America.

4. Deployment of autonomous agents in Accenture's marketing function, achieving early outcomes.

The partnership aims to accelerate generative AI adoption and scale agentic AI systems. Accenture reported $3 billion in generative AI bookings in its recent fiscal year. The collaboration will focus on process reinvention, AI-powered simulation, and sovereign AI, with applications across various industries.

Positive

• Expanded partnership with NVIDIA to scale enterprise AI adoption
• Formation of Accenture NVIDIA Business Group with 30,000 trained professionals
• Launch of Accenture AI Refinery platform using NVIDIA's full AI stack
• $3 billion in generative AI bookings in recent fiscal year
• Opening of AI Refinery Engineering Hubs in multiple locations
• Early success in deploying autonomous agents in Accenture's marketing function

Negative

• None.

Insights

Technology Analyst

Accenture's expanded partnership with NVIDIA marks a significant leap in enterprise AI adoption. The formation of the Accenture NVIDIA Business Group, backed by 30,000 trained professionals, signals a major investment in scaling AI solutions. The AI Refinery platform, leveraging NVIDIA's full AI stack, positions Accenture at the forefront of agentic AI development. This move aligns with the $3 billion in generative AI bookings Accenture reported, indicating strong market demand. The focus on agentic AI systems represents a paradigm shift from traditional automation to AI-driven process reinvention. The establishment of global AI Refinery Engineering Hubs further strengthens Accenture's capacity to deliver advanced AI solutions. For investors, this partnership enhances Accenture's competitive edge in the rapidly growing AI services market, potentially driving long-term revenue growth and market share expansion.

Financial Analyst

This partnership has significant financial implications for Accenture. The $3 billion in generative AI bookings demonstrates strong initial traction, likely to accelerate with this expanded NVIDIA collaboration. The investment in training 30,000 professionals and establishing global AI hubs indicates substantial upfront costs, but positions Accenture for high-margin, AI-driven revenue streams. The AI Refinery platform could become a key differentiator, potentially increasing client retention and average contract value. Early results, such as the 25-35% reduction in manual steps and 6% cost savings in Accenture's own marketing function, suggest tangible efficiency gains that could be replicated for clients. While short-term profitability might be pressured by investments, the long-term outlook for revenue growth and margin expansion is promising, particularly as AI adoption accelerates across industries.

• New Accenture NVIDIA Business Group launched with 30,000 professionals receiving training globally to help clients reinvent processes and scale enterprise AI adoption with AI agents
• Accenture AI Refinery platform helping companies jump-start their custom agentic AI journeys using the full NVIDIA AI stack
• Network of Accenture AI Refinery Engineering Hubs serving 57,000 Accenture AI practitioners to open in Europe, Asia and North America, supporting large-scale operations, agentic architecture and foundation model development with NVIDIA AI
• Deployment of autonomous agents built in AI Refinery achieves early outcomes in Accenture’s marketing function

NEW YORK--(BUSINESS WIRE)-- Accenture (NYSE: ACN) and NVIDIA today announced an expanded partnership, including Accenture’s formation of a new NVIDIA Business Group, to help the world’s enterprises rapidly scale their AI adoption.

Accenture and NVIDIA today announced an expanded partnership, including Accenture’s formation of a new NVIDIA Business Group, to help the world’s enterprises rapidly scale their AI adoption. (Graphic: Business Wire)

With generative AI demand driving $3 billion in Accenture bookings in its recently-closed fiscal year, the new group will help clients lay the foundation for agentic AI functionality using Accenture’s AI Refinery™️, which uses the full NVIDIA AI stack—including NVIDIA AI Foundry, NVIDIA AI Enterprise and NVIDIA Omniverse—to advance areas such as process reinvention, AI-powered simulation and sovereign AI.

Accenture AI Refinery will be available on all public and private cloud platforms and will integrate seamlessly with other Accenture Business Groups to accelerate AI across the SaaS and Cloud AI ecosystem.

“We are breaking significant new ground with our partnership with NVIDIA and enabling our clients to be at the forefront of using generative AI as a catalyst for reinvention,” said Julie Sweet, Chair and CEO, Accenture. “Accenture AI Refinery will create opportunities for companies to reimagine their processes and operations, discover new ways of working, and scale AI solutions across the enterprise to help drive continuous change and create value.”

"AI will supercharge enterprises to scale innovation at greater speed,” said Jensen Huang, founder and CEO, NVIDIA. “NVIDIA’s platform, Accenture’s AI Refinery and our combined expertise will help businesses and nations accelerate this transformation to drive unprecedented productivity and growth.”

Accenture NVIDIA Business Group Scales Agentic AI for Enterprises
The new Accenture NVIDIA Business Group will accelerate momentum with generative AI and help clients scale agentic AI systems—the next frontier of gen AI—to drive new levels of productivity and growth. This significant investment will be supported by over 30,000 professionals receiving training globally to help clients reinvent processes and scale enterprise AI adoption.

Agentic AI systems represent a leap forward for generative AI. Instead of a human typing in a prompt or automating pre-existing business steps, agentic AI systems can act on the intent of the user, create new workflows and take appropriate actions based on their environment that can reinvent entire processes or functions.

Accenture and NVIDIA are already helping clients adopt and scale agentic AI systems. For example, Indosat Group announced the first sovereign AI in Indonesia that enables businesses to securely deploy AI while ensuring data governance and adhering to regulations. It is collaborating with Accenture to build industry-specific solutions on top of Indosat’s data center, which includes NVIDIA AI software and accelerated computing, to support local enterprises. With an initial focus on the financial services sector, the new solutions, powered by the AI Refinery platform, will help Indonesian banks harness AI to drive profitability, operational efficiency and sustainable growth in a highly competitive market.

Accenture will also debut a new NVIDIA NIM Agent Blueprint for virtual facility robot fleet simulation, which integrates NVIDIA Omniverse, Isaac and Metropolis software, to enable industrial companies to build autonomous, robot-operated software-defined factories and facilities.

Accenture will use these new capabilities at Eclipse Automation, an Accenture-owned manufacturing automation company, to deliver as much as 50% faster designs and 30% reduction in cycle time on behalf of its clients.

Network of AI Engineering Hubs
As part of its Center for Advanced AI, Accenture is introducing a network of hubs with deep engineering skills and the technical capacity for using agentic AI systems to transform large-scale operations. These hubs will focus on the selection, fine-tuning and large-scale inferencing of foundation models, all of which pose significant accuracy, cost, latency and compliance challenges when development is scaled. Building on existing hubs in Mountain View, Calif., and Bangalore, Accenture is adding AI Refinery Engineering Hubs in Singapore, Tokyo, Malaga and London.

Accenture Embraces Agentic AI
In addition to its use of agentic AI at Eclipse Automation, Accenture’s marketing function is integrating the AI Refinery platform with autonomous agents to help create and run smarter campaigns faster. This will result in a 25-35% reduction in manual steps, 6% cost savings and is expected to achieve a 25-55% increase in speed to market.

About Accenture
Accenture is a leading global professional services company that helps the world’s leading organizations build their digital core, optimize their operations, accelerate revenue growth and enhance services—creating tangible value at speed and scale. We are a talent- and innovation-led company with 774,000 people serving clients in more than 120 countries. Technology is at the core of change today, and we are one of the world’s leaders in helping drive that change, with strong ecosystem relationships. We combine our strength in technology and leadership in cloud, data and AI with unmatched industry experience, functional expertise and global delivery capability. Our broad range of services, solutions and assets across Strategy & Consulting, Technology, Operations, Industry X and Song, together with our culture of shared success and commitment to creating 360° value, enable us to help our clients

Forward Looking Statements
Except for the historical information and discussions contained herein, statements in this news release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “may,” “will,” “should,” “likely,” “anticipates,” “aspires,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates,” “positioned,” “outlook,” “goal,” “target” and similar expressions are used to identify these forward-looking statements. These statements are not guarantees of future performance nor promises that goals or targets will be met, and involve a number of risks, uncertainties and other factors that are difficult to predict and could cause actual results to differ materially from those expressed or implied. These risks include, without limitation, that the partnership might not achieve its anticipated benefits and risks and uncertainties related to the development and use of AI could harm our business, damage our reputation or give rise to legal or regulatory action, as well as the risks, uncertainties and other factors discussed under the “Risk Factors” heading in Accenture plc’s most recent Annual Report on Form 10-K and other documents filed with or furnished to the Securities and Exchange Commission. Statements in this news release speak only as of the date they were made, and Accenture undertakes no duty to update any forward-looking statements made in this news release or to conform such statements to actual results or changes in Accenture’s expectations.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241002992938/en/

Jenn Francis

Accenture

+1 312 693 4411

jennifer.francis@accenture.com

Hannah Unkefer

Accenture

+1 206 839 2172

hannah.m.unkefer@accenture.com

Source: Accenture

FAQ

What is the new Accenture NVIDIA Business Group announced on October 2, 2023?

The Accenture NVIDIA Business Group is a new initiative to help enterprises rapidly scale their AI adoption, supported by over 30,000 trained professionals globally. It aims to accelerate generative AI adoption and scale agentic AI systems for clients.

How much did Accenture (ACN) report in generative AI bookings for their recent fiscal year?

Accenture reported $3 billion in generative AI bookings for their recently-closed fiscal year, demonstrating significant demand for AI services.

What is Accenture AI Refinery and how does it relate to NVIDIA's technology?

Accenture AI Refinery is a platform that uses NVIDIA's full AI stack, including NVIDIA AI Foundry, NVIDIA AI Enterprise, and NVIDIA Omniverse. It aims to advance areas such as process reinvention, AI-powered simulation, and sovereign AI for clients.

Where is Accenture (ACN) opening new AI Refinery Engineering Hubs?

Accenture is opening new AI Refinery Engineering Hubs in Singapore, Tokyo, Malaga, and London, in addition to existing hubs in Mountain View, California, and Bangalore.