Accenture Partners with & Invests in Splice Machine to Help Bring Operational Artificial Intelligence to Critical Bus. Applic...
February 20 2019 - 6:59AM
Business Wire
Accenture Ventures makes minority equity
investment in Splice Machine
Accenture (NYSE:ACN) is partnering with and made a minority
equity investment in Splice Machine, an emerging platform
company for operational artificial intelligence (AI). Working
together, Accenture and Splice Machine can help clients implement
an AI-fueled platform that can better manage large data
transformation projects and enable improved, faster decision-making
and encourage innovation at scale.
Splice Machine integrates operational workloads, analytics and
machine learning in one operational AI platform, powering smart
applications with real-time data at scale and delivering business
experiences designed to exceed customers’ expectations. The
platform brings together transaction data, analytical data and
power of machine learning. Combined with Accenture’s technical and
industry expertise, this will help companies predict events such as
customer churn, impending fraud or anticipating the next purchase
by a customer – all within a specific industry context.
“Splice Machine’s operational AI platform strengthens our
ability to deliver on the power of artificial intelligence,” said
Paul Daugherty, Accenture’s chief technology and innovation
officer. “With Accenture and Splice Machine’s combination of
operational, analytical, and intelligent capabilities, we can embed
intelligence at the core of our clients’ business to make them more
agile and become leaders in the age of new IT.”
As part of the partnership, Accenture will be a preferred
systems integrator for Splice Machine’s platform globally. The
minority equity investment and partnership were undertaken
through Accenture Ventures, which identifies, partners with
and strategically invests in the most promising innovations in the
market to quickly scale disruptive innovation. Terms of the
minority equity investment were not disclosed.
“Accenture and Splice Machine both recognize that speed and
quality of decision-making is one of the most potent weapons in the
corporate arsenal today,” said Monte Zweben, co-founder and CEO of
Splice Machine. “Whether humans or machine learning models are
making the decisions, access to data and computation must be
blazingly fast. We are working with Accenture to embed AI into our
clients’ decision-making process through our integrated data
platform, enabling them to deliver smart customer experiences.”
About AccentureAccenture is a leading global professional
services company, providing a broad range of services and solutions
in strategy, consulting, digital, technology and operations.
Combining unmatched experience and specialized skills across more
than 40 industries and all business functions — underpinned by the
world’s largest delivery network — Accenture works at the
intersection of business and technology to help clients improve
their performance and create sustainable value for their
stakeholders. With 469,000 people serving clients in more than 120
countries, Accenture drives innovation to improve the way the world
works and lives. Visit us at www.accenture.com.
About Splice MachineSplice Machine is a new AI data
platform for digital transformation. Unlike other Big Data
platforms that provide offline, batch analysis, Splice Machine
powers intelligent applications that are woven into the operational
workflows of companies. It is a scale-out SQL RDBMS, data warehouse
and machine learning platform in one. Splice Machine is open source
and is built upon the popular Apache Hadoop, HBase, and Spark
distributed platforms. Companies in financial services, healthcare,
retail, manufacturing and logistics deploy Splice Machine to
improve their operational efficiency, eliminate unnecessary costs
and deliver superior service. The Splice Machine database can be
deployed on-premise or as a fully-managed cloud service.
Splice Machine is a trademark of Splice Machine, Inc. All other
trademarks are the property of their respective registered owners.
Trademark use is for identification only and does not imply
sponsorship, affiliation, or endorsement.
Copyright © 2019 Accenture. All rights reserved. Accenture and
its logo are trademarks of Accenture.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190220005119/en/
Julie BenninkAccenture+1 312 693
7301julie.l.bennink@accenture.com
Accenture (NYSE:ACN)
Historical Stock Chart
From Apr 2024 to May 2024
Accenture (NYSE:ACN)
Historical Stock Chart
From May 2023 to May 2024