Page 3 - Accenture

Banks could boost revenues by 6% with Generative AI: Accenture report

Banks can significantly increase employee productivity and revenues by incorporating generative AI (GenAI) in their operations, according to a report by IT company Accenture. Accenture analysed publicly available employee data to estimate the impact of generative AI on banking tasks. The company modelled the financial implications for over 150 large banks globally, including Indian public and private sector banks, over a three-year period. "Banks that move quickly to scale generative AI across their organisations could increase their revenues by up to 600 bps (basis points) in three years," the research revealed. Banks which effectively adopt and scale generative AI could increase employee productivity by up to 30 per cent by streamlining numerous language-related tasks, it said. "Operating income could increase by around 20 per cent, while return on equity levels could rise by 300 bps...By helping banks operate more efficiently, the technology could lead to 1-2 per cent in cost ..

TCS, Accenture, Cognizant lead LinkedIn's top large companies list

Tata Consultancy Services has topped the LinkedIn's latest list of top companies to work for in India, followed by Accenture and Cognizant in the second and third place respectively. Professional networking platform LinkedIn on Tuesday released the 2024 Top Companies list for India wherein IT companies bagged the top three ranks, while financial services firms dominated the list with 9 out of 25 companies from this sector. The 8th edition has derived insights from LinkedIn data, and lists the top 25 large companies, 15 best mid-size companies, and provides insights on in-demand skills, top locations, and the largest job functions within these companies. Amongst large companies (500+ employees in India), Tata Consultancy Services retained its top spot this year, followed by Accenture and Cognizant. Continuing the trend from last year, financial services dominated the 2024 list with 9 out of 25 companies from this sector including Macquarie Group (4th place), Morgan Stanley (5th), an

Indians would prefer using super app to access digital services: Report

Single app would be 'strategic avenue' for companies to attract subscribers, it says

How did Accenture manage to secure $1 billion worth of GenAI deals?

The company is an early adopter of the tech and has leveraged its first-mover advantage, supported by clients' increased discretionary spending on GenAI

Results preview: IT firms may report muted Q4 growth, eyes on FY25 guidance

January-March quarter, is considered to be a soft quarter, and will continue to see the headwinds that the sector has been facing. And the sector will enter the new financial year on a weak footing

IT shares sink as Accenture cuts guidance; TCS, Infosys and HCLTech fall

FY25 outlook muted for the sector, say analysts

Accenture's guidance cut likely to weigh on Indian IT sector: Analysts

Companies likely heading to a slow start in FY25 as clients hold on to spending, they say

Accenture fans IT industry spending gloom with annual forecast cut

Accenture now expects full-year revenue growth in the range of 1% to 3%, from its prior forecast of 2% to 5%

Accenture invests $1 bn in learning platform, to buy edtech firm Udacity

Udacity's team of more than 230 professionals will join Accenture LearnVantage

'A large part of our Gen AI asset development happens from india'

Ghosh speaks on the sidelines of Nasscom Technology Leadership Forum in Mumbai, and shares India's role in driving the GenAI strategy

Accenture to enhance Indo Count's biz operations using digital technologies

IT consulting firm Accenture is collaborating with Indo Count Industries to enhance the home textile manufacturer's business operations using digital technologies. This will help unlock efficiencies and new growth avenues, the release said but did not indicate the size of the contract. "As part of Indo Count's digital transformation and reinvention journey, Accenture will help to standardise, optimise and re-engineer its business processes. Targeted functions include manufacturing, supply chain, logistics, and procurement," the release said. Accenture will design, develop, and deploy a digital core using SAP S/4HANA Cloud (enterprise resource planning software). "Powered by data and analytics, the technology platform will help automate and digitise the company's operations enabling improved inventory management, quality standardisation, optimal energy consumption and sustainable growth, leading to enhanced customer experience," the release said. Indo Count Industries Ltd (ICIL) is

Accenture, TCS, Infosys, HCLTech continue to rule the IT brand list

Accenture has maintained its position as the world's most valuable IT services brand, with a brand value of $40.5 billion

Making technology more 'human' is the way forward: Accenture study

The report titled 'Accenture Technology Vision 2024: Human by design, how AI unleashes the next level of human potential' said that enterprises that prepare now will win in the future

Accenture GenAI offering sees momentum in Q1 FY24, signs $450 mn bookings

The growth trajectory in Q1 for GenAI is of significance for the top IT services players who are eyeing this segment as the next growth area

Accenture forecasts Q2 revenue below estimates on muted IT spending

Analysts expect IT services expenditure to remain muted in the near term as businesses typically decide their annual budgets only after February

Accenture launches GenAI studio in Bengaluru to boost adoption of data, AI

IT major has target of doubling AI talent to 80,000 people in the next three years

Sam Altman is said to be discussing return to OpenAI with company's board

Microsoft, which has invested $13 bn in OpenAI, is said to be leading the pressure campaign; however, due to openAI's unique structure, its investors have no say in who leads it

Salary hikes of major IT companies take a back seat amid weak demand

Accenture for instance will not be providing salary hikes to its employees in India and Sri Lanka this year, except in critical skill areas and where it is legally mandated

Accenture skips pay hikes and promotions in India and Sri Lanka this year

The US-based IT firm has cited challenging macro environment and slower growth than was initially planned as reasons for skipping pay hikes during the company's financial year (September to August)

Accenture guidance delays hopes of demand pick-up for Indian IT: Analysts

Nirmal Bang analysts suggest investors use the gains to pare positions if overweight, especially in the tier-2 IT pack