NEW YORK; July 12, 2018 – Accenture (NYSE: ACN) has acquired Kogentix, a company providing big data and AI services and solutions that help enterprises make better decisions with their data. Kogentix, headquartered in Schaumburg, Ill., will strengthen Accenture Applied Intelligence’s growing data engineering business, particularly in North America, as companies are increasingly looking to harness open source big data and advanced analytics technologies to identify revenue growth and cost reduction opportunities across the enterprise.
Companies using these technologies can drive business insights from huge data sets much faster. This has become imperative as data keeps soaring and today’s customers expect businesses to provide personalized experiences in real time. However, it is putting many companies, which run analytics applications built on proprietary technologies 10-20 years ago, in a tight spot.
Kogentix offers a range of assets to move long-standing applications to technologies such as Hadoop, Spark and Python, which can analyze larger volumes of data with more speed and processing efficiency. Additionally, transitioning legacy analytics applications to these technologies will allow companies to reduce licensing costs and recruit from a wider pool of data talent, as the new and growing generation of data scientists and engineers is trained on these platforms.
Narendra Mulani [pictured], chief analytics officer, Accenture Applied Intelligence, said, “Open source big data platforms and artificial intelligence are offering companies more opportunities than ever to become data-driven, intelligent enterprises. But marrying these new technologies with their old analytics world is becoming a key challenge for them. With Kogentix’s assets and highly skilled team of big data and AI professionals, we are even better positioned to help clients realize the value of open source analytics platforms and embed new intelligence at the core of their businesses.” More...