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Accenture plc (NYSE: ACN) is a global professional services company headquartered in Dublin, Ireland. With reported revenues of $61.6 billion in 2022, this Fortune Global 500 company specializes in information technology services and consulting. Accenture employs nearly 500,000 professionals across 200 cities in 51 countries, delivering a wide range of services including strategy, consulting, technology, and operations.
The company's core services encompass digital transformation, procurement, and software system integration. Accenture's diverse client base spans various sectors such as communications, media, technology, financial services, health and public services, consumer products, and resources. Recent accomplishments include the launch of a new federal health portfolio following the acquisition of Cognosante, which will enhance mission-driven solutions for federal health agencies.
Accenture is also focused on sustainable business practices. It recently acquired Partners in Performance, a strategy firm specializing in asset-intensive industries, to bolster its capabilities in data and AI. In the semiconductor industry, Accenture expanded its digital engineering services by acquiring Teamexpat, further cementing its leadership in technology-driven solutions.
Through innovative ventures like its partnership with Kraken Technologies, Accenture helps utilities modernize and enhance customer energy management, exemplified by its collaboration with EDF in the UK. The company's federal services arm, Accenture Federal Services, continues to support U.S. government agencies, evidenced by a contract with the TSA valued at up to $170 million to deliver agile technology solutions.
Accenture is committed to driving customer-centric transformations using advanced technologies. Collaborations with leading brands like Bath & Body Works and MI New York underline its ability to leverage AI and digital tools to enhance customer experiences and operational efficiency. By constantly evolving its service offerings and embracing cutting-edge technologies, Accenture remains a pivotal force in the professional services landscape, creating value for clients, shareholders, and communities worldwide.
Accenture's latest report reveals a decline in consumer trust in banks, exacerbated by the shift to digital banking during the COVID-19 pandemic. A survey of over 47,000 consumers showed that only 29% trust banks to manage their long-term financial well-being, down from 43% two years ago. Moreover, 37% trust banks with their data, a 14-point drop. Despite this, 57% believe their bank's advice is well-informed. The report suggests a need for banks to enhance emotional connections with clients and explore permanent changes in consumer behavior towards digital interactions.
Accenture (NYSE: ACN) has nominated Beth E. Mooney for election to its Board of Directors, set for February 3, 2021. Mooney, 65, previously served as chairman and CEO of KeyCorp and brings over 40 years of banking experience. If elected, she will join 12 directors on the board, enhancing its external independence. CEO Julie Sweet emphasizes Mooney's deep knowledge of financial services and commitment to diversity, anticipating her significant contribution to the company's growth and stakeholder value enhancement.
Accenture (NYSE: ACN) has launched a cloud-based IoT platform and a digital manufacturing platform for Blueair, enhancing their air purification solutions. The new HealthProtect™ air purifier offers continuous protection against germs and enables users to monitor air quality via a mobile app. By utilizing Amazon Web Services, the platform improves Blueair's manufacturing efficiency and reduces operational costs. Accenture's involvement is expected to bolster Blueair’s productivity and filter sales, while also facilitating quicker product enhancements.
According to a new report from Accenture (NYSE: ACN), 64% of U.S. patients may switch healthcare providers if their current one fails to meet expectations in managing COVID-19 concerns. The survey of over 4,600 U.S. respondents found that patients desire safer, more secure healthcare experiences, including virtual care options. Poor handling of COVID-19 increases the likelihood of patients delaying or not returning for services. The report outlines strategies for healthcare providers to enhance patient experience and ensure long-term growth.
Accenture (NYSE: ACN) and Microsoft (NASDAQ: MSFT) are partnering with CNH Industrial to enhance the latter's digital capabilities over the next five years. This collaboration involves creating digital hubs in the U.S., Europe, Brazil, and India to develop smart connected products and services. The initiative aims to drive revenue growth, improve sustainability, and enable a digital workforce. Accenture will leverage advanced technologies to support CNH Industrial's transformation into a provider of digital services alongside its traditional manufacturing business.
Accenture (NYSE: ACN) has completed the acquisition of OpusLine, a Paris-based health consulting firm, enhancing its healthcare consulting capabilities in France. The acquisition, initially announced on October 27, 2020, involves over 85 consultants experienced in strategic advisory for healthcare organizations. This integration into Accenture's Health practice is expected to bolster client innovation and digital transformation in the healthcare sector.
The shift to digital payments is accelerating due to the COVID-19 pandemic, prompting banks to modernize their payment systems, according to a report by Accenture (NYSE: ACN). The report forecasts that nearly 420 billion transactions worth US$7 trillion will shift to digital payments by 2023. 75% of bank executives acknowledge increased urgency in upgrading systems. However, only 13% reported that their payments revenue has grown beyond the market rate of 6% over the past three years, indicating challenges in realizing revenue growth despite modernization efforts.
Accenture (NYSE: ACN) has been recognized as a leader in The Forrester Wave™: Digital Business Transformation Services, Q4 2020 report. The firm scored highest in Market Presence based on CEO-driven digital transformation services, employee counts, and global reach. Accenture also achieved top scores in Current Offering, Technology Transformation, and Operational Transformation categories. The report highlights Accenture's extensive capabilities in guiding clients through successful digital transformation, emphasizing its commitment to helping businesses innovate and create new revenue growth amidst changing market conditions.
Accenture (NYSE: ACN) has announced its agreement to acquire End-to-End Analytics, a specialized consultancy in analytics and data science based in Palo Alto, CA. The acquisition, terms undisclosed, aims to enhance Accenture’s Applied Intelligence practice, leveraging End-to-End Analytics’ expertise in various sectors such as high tech and retail. With a team of over 70 professionals, the firm specializes in AI and machine learning applications. This initiative aligns with Accenture's strategy to strengthen its analytics capabilities amid growing demand for data-driven solutions.
Accenture (ACN) reports a potential shift exceeding US$3 trillion in economic value due to changing consumer behaviors triggered by the pandemic. The analysis indicates that over US$2 trillion may move away from sectors like restaurants and traditional retail as spending patterns evolve. A possible decline of up to US$687 billion in consumer-facing industries is forecasted, alongside US$318 billion at risk in air travel. Companies must adapt with agile business models to capture new opportunities as consumer preferences shift towards digital and home-based leisure activities.
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