Varun Joshi’s Post

🚀 New Accenture Research: AI-Led Companies Outperform Their Peers 🚀 A recent Accenture report reveals that companies investing in generative AI and automation are reaping significant rewards. Three-in-four organizations report that their AI investments have met or exceeded expectations, and 63% plan to increase these efforts by 2026. Key insights include: * AI-driven organizations achieve 2.5x higher revenue growth and 2.4x greater productivity compared to their peers. * Generative AI use cases are transforming core business functions such as IT, marketing, customer service, and finance. However, challenges remain: * 64% of companies struggle to modernize their operations, with many lacking the data foundations needed for AI. *Talent strategies lag behind - 82% of companies at early maturity stages haven't adapted their workforce to AI's rapid advancements. Generative AI isn’t just a tech investment; it requires a mindset shift across the entire enterprise. Business leaders should focus on data modernization, talent reinvention, and deeper collaboration between business and tech teams to drive transformation. 🔗 Link to the article: https://lnkd.in/ednW9H6A 🔗 Explore more in Accenture’s thought leadership app: Accenture Foresite app Generative AI: https://lnkd.in/eAbA4Brw #GenerativeAI #Automation #DigitalTransformation #Innovation #BusinessLeadership #AccentureResearch

Expecting too see how this year progresses! Technology, fueled by #GenerativeAI advances, was identified as the #1 cause of business change in 2023, leaping from #6 in 2022. And we are contributing to it! Business leaders faced an all-time-high rate of change in 2023 and now expect it to accelerate further in 2024, according to Accenture’s new annual Pulse of Change: 2024 Index released ahead of #WEF24. You can find more findings with insights into industries here: https://accntu.re/3HhmXK1 #Accenture #ATCEMEASouth

💼 Accenture Hits $1B in Gen AI Orders This Quarter! 🤖💰 Accenture has reported a whopping $1 billion in generative AI bookings this quarter, pushing its yearly total to an impressive $3 billion! 📈✨ Despite an overall revenue slowdown, the surge in AI demand shows Accenture’s leadership in AI adoption and innovation. 🌍🚀 With significant investments in AI, the tech giant remains cautiously optimistic for 2025 projections. See here - https://lnkd.in/gVtdA3Er #Accenture #GenerativeAI #AIBookings #AIInnovation #TechGrowth #ArtificialIntelligence #AIAdoption #TechTrends #BusinessTech #FutureOfAI #TechLeadership #AIRevolution

#AI #GenAI #Accenture Accenture's latest earnings report underscores the significant impact of Generative AI across the industry. The company achieved $3B in new bookings and nearly $900M in revenue from GenAI, marking a remarkable increase from last year's $300M in bookings and $100M in revenue.  This surge highlights strong client demand for AI technologies particularly in GenAI, reflecting a broader industry trend towards large-scale transformations. Accenture's performance sets a benchmark for the IT sector, indicating a growing prioritization of AI-driven solutions for operational efficiencies and growth. 

Reinvention is effective, and those who embrace it are leading the way, compelling others to take action. Discover more about Accenture’s latest research outlining the five imperatives in the era of #GenerativeAI: https://lnkd.in/ekgzSgjA #Innovation #Future #GenAI #Accenture

I’m proud to share that Accenture is the knowledge partner of the World Economic Forum’s AI Governance Alliance in developing a pivotal report on driving responsible AI governance. The report sets the standard for comprehensive governance in a rapidly evolving field and offers actionable strategies for governments to leverage existing regulatory frameworks and to cultivate whole-of-society responses, as well as embedding agile approaches for future technological advancements. Developed through contributions from over 110 working group members across 27 countries, the report is a practical roadmap for policymakers. It represents a critical step toward ensuring AI is managed responsibly, inclusively, and with accountability. It has been a great collaboration with the team at WEF: Jeremy Jurgens; Cathy Li; Daniel Dobrygowski; Karla Yee Amezaga; Samira Gazzane; Stephanie Teeuwen; Hannah Rosenfeld; Genta Ando.  Read more to find out how we can drive the dialogue forward and help ensure that AI serves as a force for good: https://lnkd.in/gGMt-78W    Julie Sweet, Karthik Narain, Joel Unruch, Bhaskar Ghosh, Jill Kramer, Senthil (Sen) Ramani, Lan Guan, Andrew Levy, Kathryn White Krumpholz, Ali Shah   #ResponsibleAI #Accenture #AIGA #AIGovernance #AIRegulation

Accenture's latest research reveals that embracing generative AI responsibly could potentially inject an additional $4.5 trillion USD into the APAC economy over the next 15 years. This equates to a 0.7 percentage point rise in annual GDP growth. The study underscores the importance of scaling up the adoption of generative AI while prioritizing people and ethical considerations. Interestingly, this economic value surpasses what would be achieved through aggressive adoption of generative AI without adequate investment in workforce development and processes. Leonardo Framil | Vivek Luthra CXOtv news | Techplus Media | Techplus Media Group  Kalpana Singhal | ANUJ SINGHAL | Naveen Singhal #CXOTVDailyNews / #CXOTVnews Read the full news article : https://lnkd.in/gNHkhaaV #GenerativeAI #APACGrowth #AIInEconomy #AIandGDP #WorkforceDevelopment #EthicalAI #FutureOfWork #AIAutomation #DigitalTransformation #AIinBusiness #AccentureResearch #TechInnovation #EconomicImpact #AIandProductivity #SkillingForAI #AIinIndustries #AIinBanking #AIinRetail #AIinFinance #AIinSoftware #AIinInsurance #AILeadership #AIWorkforce #SustainableGrowth #AIandSociety

𝗦𝘂𝗽𝗽𝗹𝘆 𝗰𝗵𝗮𝗶𝗻 𝗻𝗲𝘁𝘄𝗼𝗿𝗸𝘀 𝗶𝗻 𝘁𝗵𝗲 𝗮𝗴𝗲 𝗼𝗳 𝗴𝗲𝗻𝗲𝗿𝗮𝘁𝗶𝘃𝗲 𝗔𝗜 ─── ⋆⋅☆turning promise into performance ☆⋅⋆ ── Generative AI is opening up countless opportunities for reinventing companies and their supply chain networks. Accenture shares an in-depth exploration of the key use cases — and key enterprise value — that’s on the table today. 𝙡𝙚𝙖𝙧𝙣 𝙢𝙤𝙧𝙚 : https://lnkd.in/e_-4StJ3 𝙤𝙧 𝙛𝙚𝙚𝙡 𝙛𝙧𝙚𝙚 𝙩𝙤 𝙘𝙤𝙣𝙩𝙖𝙘𝙩 𝙢𝙚 best regards 𝒫𝒽𝒾𝓁𝒾𝓅𝓅 #GenerativeAI #SupplyChain #DigitalTransformation #Tech #Accenture

Gen AI is not just technology and data. People, culture, skills, governance and looking at your whole organisational is critical. If you’re looking to build an understanding or want to start to think about how to approach this thing called GenAI - here’s a good start. Accenture New Zealand #AccentureNZ #people #culture

It's not productivity OR growth with Generative AI - it's an AND. And a pretty big one. Companies that apply generative AI to customer-related initiatives can expect to up to 25% higher revenue after 5 years than companies focused only on productivity, according to this research new from Baiju Shah and our CMO Jill Kramer. We are working with organizations to use Gen AI as a gateway to #growth via new products, enhanced experiences and speed to market, and bring with us lessons learned from our own reinvention journey. Let's make customer #relevance your superpower with Gen AI! #GenerativeAI #GenAI #Accenture #AccentureSong