Continues to add to Accenture Applied
Intelligence’s talent bench of more than 6,000 data and artificial
intelligence (AI) professionals
Accenture (NYSE:ACN) has acquired Kogentix, a company providing
big data and AI services and solutions that help enterprises make
better decisions with their data. Kogentix, headquartered in
Schaumburg, Ill., will strengthen Accenture Applied Intelligence’s
growing data engineering business, particularly in North America,
as companies are increasingly looking to harness open source big
data and advanced analytics technologies to identify revenue growth
and cost reduction opportunities across the enterprise.
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Accenture has acquired Kogentix which has
nearly 220 data and AI professionals providing services and
solutions that help enterprises make better decisions with their
data
Companies using these technologies can drive business insights
from huge data sets much faster. This has become imperative as data
keeps soaring and today’s customers expect businesses to provide
personalized experiences in real time.1 However, it is putting many
companies, which run analytics applications built on proprietary
technologies 10-20 years ago, in a tight spot.
Kogentix offers a range of assets to move long-standing
applications to technologies such as Hadoop, Spark and Python,
which can analyze larger volumes of data with more speed and
processing efficiency. Additionally, transitioning legacy analytics
applications to these technologies will allow companies to reduce
licensing costs and recruit from a wider pool of data talent, as
the new and growing generation of data scientists and engineers is
trained on these platforms.
Narendra Mulani, chief analytics officer, Accenture Applied
Intelligence, said, “Open source big data platforms and artificial
intelligence are offering companies more opportunities than ever to
become data-driven, intelligent enterprises. But marrying these new
technologies with their old analytics world is becoming a key
challenge for them. With Kogentix’s assets and highly skilled team
of big data and AI professionals, we are even better positioned to
help clients realize the value of open source analytics platforms
and embed new intelligence at the core of their businesses.”
Boyd Davis, CEO and co-founder of Kogentix, said, “We founded
Kogentix because we knew that big data and machine learning would
play a critical role in transforming enterprises. The opportunity
to leverage data for better business outcomes has never been this
exciting. Becoming part of Accenture Applied Intelligence will
allow us to seize a greater share of this market. We’re excited by
the scale and scope of projects that will open up to us, as well as
the long-term career and growth opportunities for our team.”
Boyd Davis and the other co-founders, Sanjay Gogia (COO), Jai
Malhotra (CTO), and Krishna Nimmagadda (President), will continue
to play key roles in leading the business.
Kogentix, founded in 2015, has a team of nearly 220 big data
engineers, data scientists, machine learning engineers, and
software developers. In addition to its Schaumburg headquarters,
Kogentix has offices in Pleasanton, Cal., Hyderabad and Bangalore
(India), Singapore, and Jakarta (Indonesia). Its clients include
technology, high-tech, healthcare, consumer goods, and financial
services companies.
Applied Intelligence employs more than 6,000 data scientists,
data engineers and AI professionals worldwide. It has received
several recognitions from leading industry analyst firms in the
past six months including for Business Analytics Services, Data and
Analytics Services and Smart Analytics.
In August 2017, Accenture acquired Search Technologies, a
content analytics and enterprise search with nearly 200 big data
engineers and search experts, into its Applied Intelligence
practice.
Financial terms of the acquisition were not disclosed.
1 The amount of data generated every day is 2.5 billion
gigabytes, according to Domo, the equivalent to 90,000 years of HD
video, according to Cisco. A survey conducted by Harvard Business
Review Analytics Services shows that most business leaders believe
harnessing data to interact with customers in real time is key, and
both consumers and business buyers increasingly demand and value
it, according to studies from Salesforce. Sources:
https://www.domo.com/news/press/domo-releases-annual-data-never-sleeps-infographic;
https://www.theguardian.com/technology/blog/2011/jun/29/zettabyte-data-internet-cisco;
https://www.sas.com/en_us/whitepapers/real-time-analytics-109676.html;
https://www.huffingtonpost.com/vala-afshar/research-state-of-the-con_b_12613954.html?guccounter=1;
https://www.salesforce.com/blog/2018/06/digital-customers-research.html
About Accenture
Accenture is a leading global professional services company,
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at www.accenture.com.
Accenture Applied Intelligence, part of Accenture
Digital, applies artificial intelligence and human ingenuity
at the core of business to help clients solve their most complex
business problems. By deploying AI responsibly and combining it
with our deep industry and analytics expertise, we enable the
digital transformation of organizations, extend human capabilities,
and make intelligent products and services a
reality. Follow @AccentureAI and
visit accenture.com/appliedintelligence.
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AccentureJens R. Derksen,
+49-175-57-61393jens.derksen@accenture.com
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