The acquisition will add nearly 50 data science and data engineering experts, with a particular focus on insight automation, to Accenture Applied Intelligence
Global technology firm Accenture has acquired Ahmedabad-based Byte Prophecy, an automated insights and big data analytics company. Financial terms of the acquisition were not disclosed. The acquisition will add nearly 50 data science and data engineering experts, with a particular focus on insight automation, to Accenture Applied Intelligence.
The move will deepen the company’s existing consulting and technology capabilities that help clients in areas such as data foundations and advanced analytics. This will help Accenture meet the growing demand for enterprise-scale AI and digital analytics solutions across the region.
“Across industries, decision making has become more complex, and businesses are increasingly relying on advanced analytics and AI to ensure insight-driven, rapid decision making,” said Piyush N. Singh, Accenture’s market unit lead for India and sales lead for Growth Markets.
Founded in 2011, Byte Prophecy has worked closely with Accenture Ventures since 2018 on open innovation efforts, collaborating and co-innovating with Accenture and its clients in Asia Pacific on advanced data and analytics projects.
“Our team has already been working with Byte Prophecy over the past two years, and together we’ve helped clients build the strong data foundations that are the cornerstone for successful AI adoption,” said Athina Kanioura, Accenture’s chief analytics officer and global lead for Applied Intelligence.
Accenture said its acquisition strategy involves delivering on existing, as well as emerging client needs with speed and scale. Over the past year, the company has made Applied Intelligence acquisitions in Australia, Spain, North America, and the U.K. to enhance its portfolio of technologies and help clients across those markets scale AI.
“The opportunity to become part of Accenture Applied Intelligence will enable us to jointly build stronger assets and expand our services to more clients in the emerging markets,” said Mrugank Parikh, co-founder, Byte Prophecy.
About: Byte Prophecy and its Data Bridges and Data Land – Data Bridges and Data Land validates the data quality, consistency and completeness of data, definitions and business rules across multiple systems.
Source: Tech Economicstimes.Indiatimes