Wednesday, May 22, 2024
ad
HomeNewsAccenture to Acquire Flutura, an Industrial AI Company 

Accenture to Acquire Flutura, an Industrial AI Company 

Accenture intends to offer Flutura's capabilities to clients in the energy, chemicals, metals, mining, and pharmaceutical sectors.

Accenture announced on Tuesday that it was purchasing Flutura, a company that offers internet of things (IoT) and data science services, for an undisclosed sum to expand the range of industrial AI services it offers under the Applied Intelligence banner.

The acquisition is significant because 70% of Accenture’s Applied Intelligence offerings come from the Asia Pacific region. The contributions from other regions, including EMEA, North America, and Latin America, are 15%, 10%, and 5%, respectively.    

According to a Gartner analysis done in 2022, Accenture also has the top spot in the market for industrial AI services, followed by Deloitte. The market research company projects that by the end of 2024, the global market for data and analytics (D&A) services will be worth $232 billion.

Read More: Microsoft unveils AI office copilot for Microsoft 365

According to a joint announcement from the two firms, Accenture intends to offer Flutura’s capabilities to clients in the energy, chemicals, metals, mining, and pharmaceutical sectors.

“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,” senior managing director at Accenture, Senthil Ramani, said.

According to Ramani, Flutura democratizes AI for engineers, giving manufacturing and other asset-intensive businesses the carbon intelligence to lower emissions, energy use, and lost output due to unscheduled downtime of industrial assets.

Subscribe to our newsletter

Subscribe and never miss out on such trending AI-related articles.

We will never sell your data

Join our WhatsApp Channel and Discord Server to be a part of an engaging community.

Sahil Pawar
Sahil Pawar
I am a graduate with a bachelor's degree in statistics, mathematics, and physics. I have been working as a content writer for almost 3 years and have written for a plethora of domains. Besides, I have a vested interest in fashion and music.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular