Accenture has recently announced to acquire – BRIDGEi2i, an artificial intelligence (AI) and analytics firm with headquarters in Bangalore, and offices in the US and Australia. As a result of the acquisition, Accenture will have increased its global capabilities in data science, machine learning, and AI-powered insights, adding more than 800 deeply skilled professionals. Financial details surrounding the transaction have not yet been announced.

Sanjeev Vohra, global lead for Accenture Applied Intelligence, said, “The COVID-19 pandemic has made technologies such as AI core to business success, with scaled investments enabling enterprises to thrive by refocusing on growth during the most disruptive time in their history. In this rapidly evolving space, constantly building new capabilities is key, and we believe that BRIDGEi2i will further enhance our AI skills and data science capabilities to strengthen how our global network delivers value for clients.”

With a combination of data engineering, advanced analytics, proprietary artificial intelligence accelerators, and consulting services, BRIDGEi2i offers companies across industries and global markets data-driven digital transformation. This enables businesses to make faster and more accurate decisions, resulting in a shorter time to value.

Accenture research shows that companies investing in AI and cloud technologies are able to grow revenue at a five-fold rate compared with those not doing so.