Demand for artificial intelligence (AI) technology has risen recently as businesses increasingly recognize the potential benefits. Global professional services firm Accenture on Tuesday said it is acquiring industrial AI company Flutura for an undisclosed sum.
Bengaluru-headquartered Flutura will strengthen Accenture’s industrial AI services to increase the performance of plants, refineries, and supply chains while enabling clients to accomplish their net zero goals faster.
Accenture said it plans to bring Flutura’s capabilities to clients in the energy, chemicals, metals, mining, and pharmaceutical industries.
“This acquisition will power industrial AI-led transformation for our clients globally and particularly in Australia, South-East Asia, Japan, Africa, India, Latin America and the Middle East,” said Senthil Ramani, senior managing director and Accenture Applied Intelligence lead for Growth Markets.
Flutura’s nearly 110 professionals specialize in industrial data science services for manufacturers and other asset-intensive companies.
“Our AI platform enables engineers to respond with agility to ever-changing market and operating conditions. We look forward to scaling this as part of Accenture and helping more industrial clients achieve high-value outcomes in their production operations,” said Krishnan Raman, CEO at Flutura.
With Flutura, Accenture continues to build its data and AI capabilities for clients. Last year, it acquired the data science company ALBERT in Japan.
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