Accenture enhances industrial AI capabilities with Flutura acquisition
Global professional services company Accenture (NYSE: ACN) has strengthened its portfolio with the acquisition of Flutura, an industrial artificial intelligence (AI) company based in Bangalore, India.
The transaction, initially announced on March 21, 2023, has now been finalized with undisclosed terms. The strategic acquisition enhances Accenture’s industrial AI services, catering to clients in energy, chemicals, metals, mining, and pharmaceutical sectors, enabling more efficient operations and faster achievement of net zero goals.
Flutura’s addition into Accenture’s operations will equip clients in the energy, chemicals, metals, mining, and pharmaceutical industries with AI capabilities that improve plant performance, refine supply chains, and accelerate net zero objectives. These advanced industrial AI services by Accenture, enriched by Flutura, hold the potential to significantly transform production and manufacturing outcomes. The specifics of the acquisition deal remain confidential.
The acquisition brings to Accenture approximately 110 professionals from Flutura, specialists in providing industrial data science services to manufacturers and asset-intensive companies.
Accenture acquires Bangalore-based industrial AI Firm Flutura to boost services in energy and manufacturing sectors. Photo courtesy of JiriMatejicek/Wikimedia Commons.
Flutura’s proprietary AI platform, which offers self-service advanced analytics solutions, facilitates process management, reliability engineering teams, and asset management in improving asset performance, reliability, throughput, and energy efficiency of manufacturing facilities.
Industrial engineers and data scientists can swiftly build digital models of industrial assets on Flutura’s platform, processing data from disparate IT and operational technology systems.
Accenture’s acquisition of Flutura follows its history of investing in data science and AI companies. Over the previous year, it has absorbed data science company ALBERT in Japan, Analytics8 in Australia, Sentelis in France, Bridgei2i and Byte Prophecy in India, Pragsis Bidoop in Spain, Mudano in the UK, and Clarity Insights, End-to-End Analytics, and Core Compete in the US. This aggressive acquisition strategy has amplified Accenture’s data and AI capabilities, positioning the company at the forefront of AI implementation in industrial services.