Accenture is a global management consulting, technology services, and outsourcing company. It helps clients in various countries to become high-performance businesses or agencies1. Accenture provides end-to-end solutions for strategy, transformation, and implementation2.
The company offers a wide range of capabilities including Cloud, Cybersecurity, Data & Artificial Intelligence, Digital Engineering & Manufacturing, Emerging Technology, Enterprise Platforms, Finance & Risk Management, Marketing & Experience, Metaverse, Sales & Commerce, Strategic Managed Services, and Technology Transformation3.
Accenture is also involved in various research initiatives and has launched foundation model specialized services to help companies scale the full power of generative AI3. They are committed to creating value for their clients, people, shareholders, partners, and communities in various sectors and regions3.
Accenture: Products and platforms
Accenture offers a wide range of products and platforms that are designed to help businesses achieve their full potential. Here are some of them:
- Life Insurance & Annuity Platform (ALIP): Provides data-driven, ecosystem-ready, and future-flexible solutions that allow carriers and providers to compete in the digital market1.
- Comms & Media Solutions: Offers solutions for video services, monetizing data and media, transforming advertising operations, and optimizing experience across platforms1.
- Accenture Cloud for Consumer Goods: Combines deep industry experience with a Salesforce platform to transform trade promotion management and retail execution1.
- Accenture NewsPage for Consumer Goods: Supports clients in developing markets with solutions including distribution management, sales force automation, and merchandising1.
- Public Service: Supports migration to cloud, data-driven decision making and operational efficiencies, and increased digital adoption of citizen services1.
- Life Sciences - INTIENT: Enables flow of data and utilizes advanced analytics to deliver insights that can improve patient and research outcomes1.
In addition to these, Accenture also offers other products like Accenture HR Audit and Compliance as-a-service, Accenture HR Data Loader, Accenture Life Insurance & Annuity Platform (ALIP), Accenture Procurement Supplier 360 Insights+, Accenture Digital Identity, and more2.
These products and platforms apply Accenture’s deep industry knowledge and engineering expertise to challenging business needs1. They offer cloud native solutions that can solve industry and functional challenges1. For more detailed information, you may want to visit their official website1.
Accenture: History
Accenture is an Irish-American professional services company based in Dublin, specializing in information technology (IT) services and consulting1. Here’s a brief history of Accenture:
- Early Years: Accenture began as the business and technology consulting division of accounting firm Arthur Andersen in the early 1950s1. It conducted a feasibility study for General Electric to install a computer at Appliance Park in Louisville, Kentucky, which led to GE’s installation of a UNIVAC I computer and printer, believed to be the first commercial use of a computer in the U.S1.
- Split from Arthur Andersen: In 1989, Arthur Andersen and Andersen Consulting became separate units of Andersen Worldwide Société Coopérative (AWSC)1. There was increasing tension between Andersen Consulting and Arthur Andersen throughout the 1990s1. In August 2000, as a result of the conclusion of arbitration with the International Chamber of Commerce, Andersen Consulting broke all contractual ties with AWSC and Arthur Andersen1.
- Name Change: As part of the arbitration settlement, Andersen Consulting paid the sum held in escrow (then $1.2 billion) to Arthur Andersen, and was required to change its name, resulting in the entity being renamed Accenture1.
- Recent Years: Julie Sweet has served as CEO of Accenture since 1 September 20191. As of 2022, Accenture is considered the largest consulting firm in the world by number of employees1. It reported revenues of $64.1 billion in 20231.
For more detailed information, you can visit their Wikipedia page or their official timeline.
Accenture: Competitors
Accenture, a multinational professional technology services company, has several competitors in the IT and consulting industry. Here are some of the top competitors:
- IBM: A leading computer and technology company with a global presence. IBM offers IT solutions and consulting services ranging from mainframe computers to nanotechnology12.
- Deloitte: Headquartered in London, Deloitte provides various kinds of IT services to independent firms like consulting, financial advisory, audit, tax, risk management, and related services1.
- McKinsey and Company: A worldwide management consulting firm known for its high-impact work across multiple sectors1.
- Price Waterhouse Coopers (PwC): One of the four largest accounting and audit firms globally. Its services include tax analysis, financial and risk advisory, and assurance2.
- Ernst and Young (EY): A multinational professional services network offering assurance, tax, consulting, and advisory services1.
- KPMG: A global network of professional firms providing Audit, Tax, and Advisory services1.
- Capgemini: A French multinational corporation that provides consulting, technology, professional, and outsourcing services1.
- Tata Consultancy Services (TCS): An Indian multinational information technology services and consulting company, part of the Tata Group2.
- Cognizant: An American multinational technology company that provides IT services, including digital, technology, consulting, and operations services2.
These companies are considered top competitors due to their similar range of services, global presence, and significant market share.
Accenture: CEO
The CEO of Accenture is Julie Sweet1. She became CEO in September 2019 and assumed the additional position of chair in September 20211. Prior to that, she served as chief executive officer of Accenture’s business in North America1. She has been recognized as one of Fortune’s Most Powerful Women in Business and by Forbes as one of The World’s 100 Most Powerful Women1.
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