Accenture to invest $3bn in cloud adoption offerings
Accenture (NYSE: ACN) has announced the formation of Accenture Cloud First with a $3 billion investment over three years.
The money will be used to help the company’s clients across all industries in their journey to become ‘cloud-first’ businesses.
Karthik Narain will lead Accenture Cloud First and join the Global Management Committee, effective October 1.
“COVID-19 has created a new inflection point that requires every company to dramatically accelerate the move to the cloud as a foundation for digital transformation to build the resilience, new experiences and products, trust, speed and structural cost reduction that the ongoing health, economic and societal crisis demands — and that a better future for all requires,” said Julie Sweet, chief executive officer, Accenture.
“Accenture Cloud First and our substantial investment demonstrate our commitment to delivering greater value to our clients when they need it most.
“Digital transformation requires cloud at scale, and post-COVID leadership requires that every business become a ‘cloud-first’ business.”
Accenture Cloud First is a new multi-service group of 70,000 cloud professionals that brings together Accenture’s industry and technology capabilities, ecosystem partnerships, and deep commitment to learning and upskilling clients’ employees.
The company’s $3 billion investment will be used to continue advancing industry roadmaps, data models, and solutions; cloud AI data and AI architectures; integrated full-stack infrastructure and applications capabilities; cloud tools, assets, and automation to drive lower unit cost and innovation; and research and development in edge computing and related cloud technologies.
“Cloud is the most disruptive and value-creating technology of our time — it is the foundation for the digital transformation that is driving profound changes in how businesses operate, compete and create value for all their stakeholders,” said Paul Daugherty, group chief executive, Accenture Technology.
“With most businesses currently at only about 20% in the cloud, moving to 80% or more rapidly and cost-effectively is a massive change that requires a bold new model.
“Accenture Cloud First, along with our $3 billion investment and our market-leading Software-as-a-Service capabilities in Intelligent Platform Services, ensures that we provide our clients with value, speed and innovation in every part of their cloud journey.”