On Tuesday, global technology major Accenture said it has agreed to obtain BRIDGEi2i, an artificial intelligence (AI) and analytics firm based in Bengaluru, with other offices in the US and Australia.
The purchase will combine over 800 intensely experienced experts to Accenture’s Applied Intelligence practise, sustaining and mounting its global capacities in data science, machine learning and AI-powered perspicacity. The fiscal aspects of the deal are not being revealed.
Established in 2011, BRIDGEi2i practices data-driven digital transformation for companies beyond industries and global markets by connecting data engineering, advanced analytics, proprietary AI accelerators and consulting services. It helps businesses make insight for quicker and more precise decision-making, thereby allowing shorter time to evaluate.
A research by Accenture displayed that groups advancing investments in technologies such as AI and cloud are gaining revenue at five times the rate of those not taking up these imperative investments.
“The COVID-19 pandemic has made technologies such as AI core to business success, with scaled investments enabling enterprises to thrive by refocusing on growth during the most disruptive time in their history,” said Sanjeev Vohra, global lead for Accenture Applied Intelligence. “In this rapidly evolving space, constantly building new capabilities is key, and we believe that BRIDGEi2i will further enhance our AI skills and data science capabilities to strengthen how our global network delivers value for clients.”
“BRIDGEi2i is a great example of India’s prowess in digital skills. Its specialized AI capabilities combined with Accenture’s ability to innovate at scale will power our clients’ digital reinvention journeys across the globe,” said Rekha M. Menon, chairperson and senior managing director, Accenture in India.
This procurement is assumed to enlarge Accenture’s analytics, data and AI business around the world. This follows the investments of Analytics8 in Australia, Pragsis Bidoop in Spain, Mudano in the UK, Byte Prophecy in India, Sentelis in France, and Clarity Insights, End-to-End Analytics, and Core Compete in the US.