On March 21, the global consulting and IT powerhouse Accenture announced that it would purchase Flutura, an industrial artificial intelligence (AI) firm with headquarters in Bengaluru, India. After its acquisitions of Bridgei2i in 2021 and Byte Prophecy in 2020, this is Accenture’s third significant acquisition in the Indian AI area in the previous three years.
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Flutura employs about 110 individuals who specialize in industrial data science services for manufacturers and other asset-intensive businesses, however, the financial terms of the acquisition have not been made public. Accenture’s industrial AI services will be strengthened. With the acquisition of Flutura, allowing customers to improve the efficiency of their plants, refineries, and supply chains and get closer to their net-zero ambitions. Accenture intends to offer clients in the energy, chemicals, metals, mining, and pharmaceutical sectors access to Flutura’s capabilities. Senthil Ramani, senior managing director and Accenture’s lead for growth markets. Applied Intelligence, claims that “for engineers, Flutura democratises AI. For our clients worldwide. But especially in Australia, South-East Asia, Japan, Africa, India, Latin America, and the Middle East. This purchase will power industrial AI-led transformation.”
Flutura’s expertise in industrial data science. It will improve AI capabilities of Accenture. This will allow Accenture to offer clients more complete solutions. Along with recent acquisitions of data science firms like ALBERT in Japan, Analytics8 in Australia, Sentelis in France, Pragsis Bidoop in Spain, Mudano in the UK, and Clarity Insights in the US. This acquisition is also consistent with Accenture’s strategy of increasing its global footprint in the AI industry. Accenture finally made the strategic decision to buy Flutura to improve its AI capabilities and grow its market share. In the industrial AI space. Accenture and Flutura, with their combined experience and global reach. Are in a good position to offer full industrial AI solutions to clients in a wide range of industries.