INDIA – Accenture (NYSE: ACN) is to acquire Bangalore, India-based industrial artificial intelligence (AI) company Flutura.
The amount of the deal – whose completion is subject to customary closing conditions – was not disclosed. Flutura will strengthen Accenture’s industrial AI services to increase the performance of plants, refineries, and supply chains while also enabling clients to accomplish their net zero goals faster. Accenture plans to bring Flutura’s capabilities to clients in the energy, chemicals, metals, mining, and pharmaceutical industries. Flutura’s approximately 110 professionals – led by Krishnan Raman, chief executive officer, specialize in industrial data science services for manufacturers and other asset-intensive companies. Its AI platform provides self-service solutions for advanced analytics. The solutions help process, asset management and reliability engineering teams assess, predict, and improve the asset performance, reliability, throughput and energy efficiency outcomes of production and manufacturing facilities. Industrial engineers and data scientists can also quickly develop digital models of industrial assets on Flutura’s AI platform, which processes data from disparate IT and operations technology systems.21/03/2023
