Accenture acquires Flutura to boost industrial AI services
Accenture
on
Tuesday
said
that
it
was
acquiring
Flutura,
an
internet
of
things
(IoT)
and
data
science
services
providing
firm,
for
an
undisclosed
sum
to
boost
its
industrial
AI
services
that
it
sells
under
the
umbrella
of
Applied
Intelligence.
Accenture
on
Tuesday
said
that
it
was
acquiring
Flutura,
an
internet
of
things
(IoT)
and
data
science
services
providing
firm,
for
an
undisclosed
sum
to
boost
its
industrial
AI
services
that
it
sells
under
the
umbrella
of
Applied
Intelligence.
The
acquisition
assumes
significance
as
the
Asia
Pacific
region
contributes
the
largest
chunk
of
Accenture’s
Applied
Intelligence
offering
at
70%,
according
to
Gartner.
Other
regions
such
as
EMEA,
North
America
and
Latin
America
contribute
15%,
10%
and
5%
respectively.
“Flutura’s
acquisition
will
power
industrial
AI-led
transformation
for
our
clients
globally
and
particularly
in
Australia,
South-East
Asia,
Japan,
Africa,
India,
Latin
America
and
the
Middle
East,”
Senthil
Ramani,
senior
managing
director
at
Accenture,
said
in
a
press
note.
Accenture
also
leads
the
industrial
AI
services
market
followed
by
Deloitte,
according
to
a
Gartner
analysis
conducted
in
2022.
The
market
research
firm,
which
clubs
these
services
as
data
and
analytics
(D&A)
services,
expects
its
market
to
reach
$232
billion
globally
by
the
end
of
2024.
As
part
of
its
Applied
Intelligence
services,
Accenture
offers
data-led
transformation
services
along
with
AI-based
solutions
that
it
brands
as
Solutions.AI.
Other
services
include
consulting
and
ensuring
deployment
of
responsible
AI
solutions.
Accenture
plans
to
bring
Flutura’s
capabilities
to
clients
in
the
energy,
chemicals,
metals,
mining,
and
pharmaceutical
industries,
the
companies
said
in
a
joint
statement.
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