“Flutura democratizes AI for engineers, enabling manufacturing and other asset-intensive companies with the carbon intelligence to reduce emissions, energy consumption and lost output due to unplanned downtime of industrial assets,” said Senthil Ramani, senior managing director and Accenture’s Applied Intelligence leader for growth markets, in a statement.
“This acquisition will power industrial AI-led transformation for our clients globally,” he said. “Particularly in Australia, South-East Asia, Japan, Africa, India, Latin America and the Middle East.”
Based in India, Flutura has more than 100 professionals who are specialized in industrial data science services for manufacturers and other asset-intensive companies. Its AI platform provides self-service solutions for advanced analytics.ADVERTISEMENT
Flutura’s solutions help process, asset management and reliability engineering teams assess and improve the performance, reliability, throughput and energy efficiency of production and manufacturing facilities. Industrial engineers and data scientists can also develop digital models of industrial assets on Flutura’s AI platform, which processes data from disparate IT and operations technology systems.
Financial terms of the acquisition were not disclosed.
Accenture’s AI Acquisitions
Accenture is one of the largest M&A technology players in the world, including in AI.
The Dublin, Ireland-based IT services superstar has 738,000 employees on a global basis in more than 120 countries.
In November, Accenture acquired Japanese data science company Albert to strengthen its data and AI capabilities.
Other AI acquisitions in recent years include Australia-based Analytics8 to boost Accenture’s advanced analytics services, as well as French data and AI specialist Sentelis to enhance its expertise in the financial services and retail markets.
Accenture has also acquired AI companies Bridgei2i and Byte Prophecy in India; Pragsis Bidoop in Spain, and Mudano in the U.K.
In the U.S., Accenture has acquired over the years AI and data companies Clarity Insights, Core Compete and End-to-End Analytics.
For its most recent AI acquisition, Accenture expects Flutura will strengthen its industrial AI services to increase the performance of plants, refineries and supply chains while also enabling clients to accomplish their net zero goals faster.
“Our AI platform enables engineers to respond with agility to ever-changing market and operating conditions,” said Flutura CEO Krishnan Raman in a statement. “We look forward to scaling this as part of Accenture and helping more industrial clients achieve high-value outcomes in their production operations.”LEARN MORE: Mergers and Acquisitions | AI
Mark Haranas is an assistant news editor and longtime journalist now covering cloud, multicloud, software, SaaS and channel partners at CRN. He speaks with world-renown CEOs and IT experts as well as covering breaking news and live events while also managing several CRN reporters. He can be reached at [email protected].
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