The acquisition will add
nearly 50 data science and data engineering experts, with a particular focus on
insight automation, to Accenture Applied Intelligence division.
IT services giant Accenture acquired automated insights and big data analytics company Byte Prophecy to meet the growing demand for enterprise-scale artificial intelligence (AI) and digital analytics solutions.
The acquisition will add
nearly 50 data science and data engineering experts, with a particular focus on
insight automation, to Accenture Applied Intelligence division. The move will
deepen the Dublin-headquartered firm's existing consulting and technology
capabilities that help clients in areas such as data foundations and advanced
analytics. The financial terms of the deal were not disclosed.
Byte
Prophecy was founded in 2011 by Mrugank Parikh, Adityavijay Rathore,
Darshit Shah and Manish Patil. It has worked closely with Accenture Ventures
since 2018 on open innovation efforts, collaborating and co-innovating with
Accenture and its clients in the Asia Pacific on advanced data and analytics
projects. Earlier this year, the firm was part of Microsoft's Highway to
Hundred Unicorns, an initiative where the company selected 54 startups from
tier 2 cities to strengthen their ecosystem.
The company's flagship
application MonitorFirst is used by consulting firms to improve key performance
indicators (KPIs) such as optimize production scheduling, maximize machine
utilization and reduce batch waiting times in a factory, according to its website.
"Beyond advanced
technology capabilities, Accenture brings our clients a co-innovation mindset,
and in Byte Prophecy we found a partner with the right mix of technology and
consulting skills, and a client-centric innovation culture," said Piyush N
Singh, Accenture's market unit lead for India and sales lead for Growth
Markets.
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