PEX Network’s key takeaways:
- Accenture will acquire artificial intelligence (AI) firm Faculty to help clients reinvent core and critical business processes with safe and secure AI solutions.
- Faculty Frontier will join Accenture’s suite of products that help organizations make better, faster decisions by connecting data, AI models, and business processes into a unified decision system.
- Faculty’s team of more than 400 AI native professionals, including data scientists and AI engineers, will integrate with Accenture’s teams to scale AI capabilities for clients.
Accenture has agreed to acquire Faculty, a leading AI native services and products business, to expand its capabilities and help clients reinvent core business processes with AI solutions.
Faculty works with clients to build AI systems that are safe and ethical by design, addressing risks such as bias, privacy, and unexplainable outcomes by ensuring that AI safety is embedded within every stage of the development lifecycle from development, validation, and predictions to monitoring.
Upon closing of the transaction, Faculty’s team of more than 400 AI native professionals, including data scientists and AI engineers, will integrate with Accenture’s teams to scale AI capabilities for clients.
Accenture to acquire Faculty
As part of the acquisition integration, Faculty Frontier, Faculty’s enterprise decision intelligence product, will join Accenture’s suite of products that help organizations make better, faster decisions by connecting data, AI models, and business processes into a unified decision system, according to a press release.
For instance, Accenture and Faculty are already collaborating to help leading life sciences companies, including Novartis, leverage Frontier to transform the economics of clinical trial planning and execution.
“Our vision has always been a world in which safe AI delivers widespread benefits to humanity,” said Marc Warner, CEO of Faculty. “We have spent the last 10 years supporting our clients to bring this world about, step by step. As AI advances rapidly, the ambition of our clients is now, rightly, no less than the reinvention of their business. I am delighted that by teaming up with Accenture, we have everything in place to support AI transformation from start to finish.”
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Assembling a powerhouse of AI talent
Accenture will also leverage Faculty’s Fellowship Program, a highly structured early career training and placement program that helps promising STEM PhD and master’s graduates as well as post-doctoral researchers transition from academia to industry.
Building on the success of this program in the UK, Accenture plans to extend the program globally to its people as well as to clients.
“Accenture bridges the best of technology and human ingenuity to maximize returns on AI investments,” commented Manish Sharma, chief strategy and services officer at Accenture. “Together with Faculty we will assemble a powerhouse of talent helping clients make AI work in the real world – linking data, processes, and people so value shows up faster, orchestrated through multiple combinations of bespoke client specific solutions, partner solutions and Faculty Frontier. This will help our clients stay competitive, pursue sovereign solutions, and reinvent their operations with transparency and resilience at a critical time.”