Accenture and Predixion Software to Help Clients Reduce Cost and Time of Decision Making by Extending Advanced Analytics Solutions to Business UsersJuly 9, 2013 No Comments
NEW YORK; July 8, 2013 – Accenture (NYSE: ACN) has entered into an agreement with Predixion Software, a provider of collaborative predictive analytics software, to jointly develop advanced industry and process-specific analytics solutions designed for the needs of business users. The agreement, which is part of a strategic investment Accenture has made in Predixion Software, strengthens Accenture’s ongoing strategy to bring capabilities to its clients that cover the full analytics value chain.
The new user friendly solutions will reduce the time and cost of decision making by embedding predictive analytics models into existing enterprise software applications. This will enable business users to employ data driven insights based on advanced analytical techniques and apply them directly to operational workflows, allowing them to make faster fact-based decisions in their day-to-day roles.
For example, U.S. hospital administrators can now use Predixion software to directly analyze patient data in order to advise on clinical interventions that will reduce re-admissions, drive efficiencies and improve patient health outcomes.
Accenture will make similar solutions available for businesses in industries such as life sciences using its deep industry expertise and capabilities in data science. Predixion will provide product development capabilities and technical skills on its predictive analytics platform to support the development of new solutions, which will be marketed to Accenture clients.
“We are pleased to join forces with Predixion Software to offer our clients’ business users new intuitive data analytics and collaboration solutions,” said Sajid Usman, global managing director for technology at Accenture Analytics. “The end-to-end capabilities we’re building will make it more cost effective for our clients to turn data into insights, actions, and ultimately business outcomes. Our strategic investment in Predixion is part of our ongoing strategy of bringing capabilities to our clients that cover the full analytics value chain and help them achieve a return on their investments in analytics.”
Further terms of the transaction were not disclosed.
Accenture’s analytics group (Accenture Analytics) has over 13,000 individuals with skills from data management to high end analytics, serving 70 of the Fortune Global 100 with a comprehensive analytics portfolio that covers industry-specific offerings, cross-industry offerings and functional solutions, all focused on ensuring our clients receive the returns from their analytics investments. With a worldwide network of Analytics Innovation Centers Accenture Analytics helps clients understand how analytics capabilities can be integrated into specific domain needs or by enterprise application ecosystem. To leverage emerging technologies and solutions for analytics, Accenture Analytics has alliances with leading academic institutions as well as with market-leading technology providers and multiple emerging niche analytics players.
Accenture is a global management consulting, technology services and outsourcing company, with approximately 266,000 people serving clients in more than 120 countries. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world’s most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments. The company generated net revenues of US$27.9 billion for the fiscal year ended Aug. 31, 2012. Its home page is www.accenture.com<http://www.accenture.com/home.asp>.
DATA and ANALYTICS