Accenture (NYSE: ACN) announced the formation of Accenture Cloud First with a $3 billion investment over three years.
Accenture Cloud First will help clients across all industries to rapidly become “cloud first” businesses and accelerate their digital transformation to realize greater value at speed and scale. It is a new multi-service group of 70,000 cloud professionals that brings together Accenture’s industry and technology capabilities, ecosystem partnerships, and deep commitment to learning and upskilling clients’ employees and to responsible business, with the singular focus of enabling organizations to move to the cloud at speed.
Specifically, this new group integrates the company’s wide-ranging cloud expertise, including cloud migration, infrastructure, and application services and ecosystem partnerships; deep industry and cross-industry insights, data and Applied Intelligence capabilities; Accenture Interactive’s leading experience design skills; and insights from the company’s experience in modernizing and operating large IT estates and key business processes across finance, HR, marketing, supply chain and specific industries for leading global companies.
Accenture’s $3 billion investment will be used to continue advancing — often together with its cloud and broader technology ecosystem partners — industry roadmaps, data models, and solutions; cloud AI data and AI architectures; integrated full-stack infrastructure and applications capabilities; cloud tools, assets, and automation to drive lower unit cost and innovation; and research and development in edge computing and related cloud technologies.
Karthik Narain will lead Accenture Cloud First and join the Global Management Committee, effective October 1. A technology industry veteran based in Silicon Valley, Narain most recently served as the lead for Accenture Technology in North America, helping guide Global 2000 brands in using the cloud and other technologies to transform their businesses. Over his 20-year career, he has led many innovative technology programs for clients across a variety of industry sectors, including Software & Platforms, Financial Services and High Tech. Karthik also previously led Technology services for Accenture’s Communications, Media and High Tech industry segments.
Accenture is recognized as a leading partner to the world’s major cloud providers. With approximately $11 billion in cloud revenue in its fiscal year 2019, the firm’s leadership spans from Software as a Service — delivered through the company’s Intelligent Platform Services — to its migration, infrastructure and application cloud services. More than 100,000 Accenture cloud professionals serves clients to shape, move, build and operate their businesses in the cloud and realize the cloud’s benefits.