Accenture plans to spend $3 billion on data and artificial intelligence over the next three years. Global professional services provider Accenture has industry-leading expertise in digital, security, and cloud. combining unrivaled expertise and specialized knowledge in the areas of Interactive, Technology, Strategy, and Operations services. 

Accenture will spend $3 billion on artificial intelligence

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In order to create value and shared success for clients, people, shareholders, partners, and communities, Accenture embraces the power of change. 

 The business wants to spark crucial procedures, opening up fresh doors to clients, marketplaces, and long-term expansion.

Accenture Operations provides innovative operational models that accelerate, ensure, and secure sustainable growth.

The IT consultancy business will more than treble its workforce to 80,000 people working in cutting-edge technology and artificial intelligence

Accenture intends to recruit and acquire additional startups in the artificial intelligence field, as well as educate more staff in the newest technology.

Accenture said that the $3 billion investment would benefit businesses in 19 sectors. The business organization did not provide a particular schedule for the investments.

Accenture’s decision reflects a rising tendency among businesses to improve their goods and services by embracing generative AI, a technology that large corporations such as Microsoft and Alphabet think could revolutionize a variety of job tasks.

Notably, Accenture’s new investment and recruiting in the artificial intelligence field comes months after it lay off over 19,000 people in March. The corporation said that the job layoffs are the consequence of a slowdown caused by high inflation and increasing interest rates.

Accenture has released a new tool called “AI Navigator for Enterprise” to help firms make the greatest use of artificial intelligence technologies.

Salesforce announced a huge expansion of its venture capital fund on Monday, investing $500 million in firms working on generative AI. They also launched an AI Cloud service targeted at luring business clients by offering a broad variety of AI-powered goods in a single bundle.

Accenture’s new investment comes at a time when the globe is debating the extent to which people should accept AI into their life. Several prominent technology executives have warned of the perils of such advanced artificial intelligence systems, while others have praised their effectiveness.