Ed Sim’s Post

Accenture jumps 7% on $2bn GenAI sales in year Full Article Link >>> https://lnkd.in/gEMnWy77 Welcome To Latest IND >> Fastest World News BENGALURU: Accenture ‘s share price jumped over 7% in early trade in New York on Thursday as its AI bookings gained momentum. “We achieved two significant milestones this quarter – with $2 billion in GenAI sales year-to-date and $500 million in revenue year-to-date – which demonstrate our […] . . Latest IND . . . . #trendingnews #newstrending #trendingtopicnews #lifestyle #business #news #healthylifestyle #smallbusiness #supportsmallbusiness #lifestyleblogger #luxurylifestyle #businessowner #businesswoman #smallbusinessowner #businessnews

Accenture jumps 7% on $2bn GenAI sales in year Full Article Link >>> https://lnkd.in/gwkGUbCp Welcome To Latest IND >> Fastest World News BENGALURU: Accenture ‘s share price jumped over 7% in early trade in New York on Thursday as its AI bookings gained momentum. “We achieved two significant milestones this quarter – with $2 billion in GenAI sales year-to-date and $500 million in revenue year-to-date – which demonstrate our […] . . Latest IND . . . . #trendingnews #newstrending #trendingtopicnews #lifestyle #business #news #healthylifestyle #smallbusiness #supportsmallbusiness #lifestyleblogger #luxurylifestyle #businessowner #businesswoman #smallbusinessowner #businessnews

Indian IT is rejoicing over ~$3B GenAI bookings from #Accenture. However, the bigger takeaways are deeper. 3 takeaways + 1 question that stuck out for me from the latest earnings call: 1️⃣ Gen AI POCs can create larger data programs. As companies realize data as the limitation factor for GenAI, they will likely invest in data 2️⃣ True power of GenAI is unlocking what was not possible before. This could be 100% processing of coverage submissions (insurance), redefining A/B testing through scorching pace (marketing), or much less supply chain pilferage (energy) 3️⃣ GenAi is priority in budgeting, but not creating new spend yet. ❓Question: If GenAI is pulling budgets out, what is getting cut? An easy guess is SI work - remember Klarna 'removing' SF. However, every platform under the sun is already AI powered. So, this one remains tricky and to be seen! Tech leaders/ Investors - What were your takeaways? #Accenture #GenAI #EnterpriseAI

What revenue growth would you expect from reinvention? We are in a unique era where reinventors can deploy GenAI into a business with various levels of Risk V Reward to deliver above market revenue growth. Further reading on reinvention - https://lnkd.in/ghFqckFh #artificialintelligence #innovation #strategy Accenture

Accenture's GenAI bookings continue tripling, with growth approaching $5B annualized, because if there’s one thing the C-Suite has learned, it’s that the best way to deploy novel technology is through massive top-down transformations. https://lnkd.in/e2w8B9Qk

Accenture is making more GenAl money than OpenAl. Let that sink in With $3 Billion of bookings linked to GenAl projects in 2024 and $1B in August alone, Accenture generated more revenue from answering the question "What is my Al strategy?" than OpenAl which is aiming at $3B to $4B annual revenue (but with a $5B loss). Impressive, right? I'd love to say "Kudos, Accenture" for leading the way, but I can't ignore what I heard from a client a few months ago. Accenture quoted €1M to develop an internal GPT with document drag-and-drop for fewer than 50 users. Yes, you read that right, 1M€. For a POC that's far from technically groundbreaking. They even said that they couldn't guarantee to provide them with all the features requested as it was a real technical challenge (it was not). For a POC that's far from technically groundbreaking. They even said that they couldn't guarantee to provide them with all the features requested as it was a real technical challenge (it was not). → To all the CIOs out there: Let's stop this madness. Start small, focus on a few key use cases, and work with a tech provider who can deliver a functional PoC in weeks. To all the smaller consulting firms out there: if you want your piece of the cake, we're very happy to partner with you. Bring us in as a vendor and build a change management project around it. To Accenture: Let us know if you want a demo of VirtualBrain for your consultants, we know you're not very well equipped internally ;) #AI #100xBrains

Great Post from Rohit Gupta about the recent recognition of #Cognizant by #TalentMarketView as the pack leader in the #Data and #AI space. We are certainly making a big impact on the market with world leading #GenAI solutions and talents. Jishnu Chatterji, Ankush Bhattacharya, HEMANT SINGHAL, Samir Sawant, Naveen Sharma, Ed English

🇮🇳 My India trip is coming to an end, with the highlight being hosting our panel discussion at #ReimagineBPO. It was a privilege to host our "Navigating Complexity and AI: Embracing the New Automation Mindset" discussion with esteemed executives from leading BPO Providers here in #India. I want to personally thank the following for the insightful and candid discussion: - Nithya Ramkumar, Director and Chief Platform Architect - GBS - Ritesh Jain, Partner - Intelligent Automation, LCNC, AI and BPaaS at PWC - Lakshmanan Ramanathan Ph.D. - AVP, Business Head - Technology | Automation | Purposeful AI | Partnerships We also had fantastic presentations from our customers and friends that generated many questions and deep discussions from our audience - Thank you Shivani Agarwal, Xerox and Amit Hulyalkar, TaskUs. Some key takeaways from ReimagineBPO Summit: ✅ We are only at the beginning of a new AI / LLM sprawl...AI everywhere! ✅ AI isn't a silver bullet and poses its own challenges ✅  There are government, cultural and ethical considerations that are crucial in your AI journey ✅ Don't underestimate the importance of fostering a collaborative human-machine workforce ✅ Measuring the success of your AI project goes beyond traditional KPIs ✅ AI can help us create new value for our customers but only in conjunction with Automation ✅ It seems evident that the future of BPO lies in embracing a new automation mindset ✅ Those who "crack the code" on AI and Automation will thrive, while the remainder will strive to survive Already looking forward to our next ReimagineBPO. #workato #enterpriseautomation #automation #bpo #outsourcing #ai #genai

Some analysts may highlight steady growth and strategic investments as the key takeaway from Q3, but what truly stands out is over $900 million in new GenAI bookings this quarter and $2 billion in GenAI sales YTD. This achievement is likely an industry first and best. #AccentureQ3 #GenAI

Wipro's Enterprise GenAI Studio (WeGA) tackles the complexities enterprises face when scaling Generative AI from pilot projects to full production environments. WeGA supports businesses in deploying production-ready GenAI on a large scale, maximizing the return on their AI investments. Discover how Wipro can harness AI for your organization. https://bit.ly/40iUpZR