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Accenture
Accenture has launched a state-of-the-art Generative AI Studio in Bengaluru as a strategic move to bolster its capabilities in artificial intelligence (AI). The multinational firm envisions the studio as a pivotal center for the development and practical application of generative AI technologies.
This Bengaluru studio is a component of Accenture’s substantial $ 3 billion investment in data and AI. The studio is supposed to be a hub of innovation and collaboration in the AI domain by leveraging strategic investments in the Accenture Center for Advanced AI and drawing upon over 1450 pending and issued AI-related patents, along with insights from over 300 active generative AI projects.
The primary objective of launching the Generative AI Studio is to serve as a collaborative space where Accenture’s data and AI experts can collaborate with clients in crafting solutions rooted in generative AI. Accenture asserts that these solutions aim to streamline business processes and catalyze the transformation of enterprises.
Generative AI can be seen as a subset of artificial intelligence that excels at generating new data similar to its training data. In the context of corporate this capability is harnessed to optimize business processes. Senthil Ramani, Global Lead-Data and AI at Accenture has emphasized that the studio will assist clients in prioritizing capabilities throughout their value chain, facilitating the scaling of AI investments.
The establishment of this studio by Accenture aligns with a broader trend of escalating investments in AI. According to an Accenture survey, about 74% of C-suite executives plan to boost their AI-related spending in 2024 marking a significant increase from the previous year’s 50%.
The Generative AI Studio offers a range of services related to generative AI. These encompass the utilization of the proprietary gen AI model ‘switchboard’, customization techniques, model-managed services, and specialized training programs. These services are strategically designed to empower clients to comprehend, experiment with, adopt, and scale generative AI solutions.
Accenture’s Generative AI Studio embodies the company’s commitment to drive advancements in AI technologies, foster collaboration between experts and clients, and contribute to the ongoing evolution of businesses through transformative AI solutions.