Accenture Acquires Kogentix to Help Clients Run Legacy Analytics Applications on Open Source Technologies to Get Ahead of Data Surge

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.

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Accenture has acquired Kogentix which has nearly 220 data and AI professionals providing services and solutions that help enterprises make better decisions with their data

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.1 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, 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.”

Boyd Davis, CEO and co-founder of Kogentix, said, “We founded Kogentix
because we knew that big data and machine learning would play a critical
role in transforming enterprises. The opportunity to leverage data for
better business outcomes has never been this exciting. Becoming part of
Accenture Applied Intelligence will allow us to seize a greater share of
this market. We’re excited by the scale and scope of projects that will
open up to us, as well as the long-term career and growth opportunities
for our team.”

Boyd Davis and the other co-founders, Sanjay Gogia (COO), Jai Malhotra
(CTO), and Krishna Nimmagadda (President), will continue to play key
roles in leading the business.

Kogentix, founded in 2015, has a team of nearly 220 big data engineers,
data scientists, machine learning engineers, and software developers. In
addition to its Schaumburg headquarters, Kogentix has offices in
Pleasanton, Cal., Hyderabad and Bangalore (India), Singapore, and
Jakarta (Indonesia). Its clients include technology, high-tech,
healthcare, consumer goods, and financial services companies.

Applied Intelligence employs more than 6,000 data scientists, data
engineers and AI professionals worldwide. It has received several
recognitions from leading industry analyst firms in the past six months
including for Business
Analytics Services, Data
and Analytics Services and Smart
Analytics.

In August 2017, Accenture acquired Search
Technologies, a content analytics and enterprise search with nearly
200 big data engineers and search experts, into its Applied Intelligence
practice.

Financial terms of the acquisition were not disclosed.

1 The amount of data generated every day is 2.5 billion
gigabytes, according to Domo, the equivalent to 90,000 years of HD
video, according to Cisco. A survey conducted by Harvard Business Review
Analytics Services shows that most business leaders believe harnessing
data to interact with customers in real time is key, and both consumers
and business buyers increasingly demand and value it, according to
studies from Salesforce. Sources: https://www.domo.com/news/press/domo-releases-annual-data-never-sleeps-infographic;
https://www.theguardian.com/technology/blog/2011/jun/29/zettabyte-data-internet-cisco;
https://www.sas.com/en_us/whitepapers/real-time-analytics-109676.html;
https://www.huffingtonpost.com/vala-afshar/research-state-of-the-con_b_12613954.html?guccounter=1;
https://www.salesforce.com/blog/2018/06/digital-customers-research.html

About Accenture

Accenture is a leading global professional services company, providing a
broad range of services and solutions in strategy, consulting, digital,
technology and operations. Combining unmatched experience and
specialized skills across more than 40 industries and all business
functions – underpinned by the world’s largest delivery network –
Accenture works at the intersection of business and technology to help
clients improve their performance and create sustainable value for their
stakeholders. With 449,000 people serving clients in more than 120
countries, Accenture drives innovation to improve the way the world
works and lives. Visit us at www.accenture.com.

Accenture Applied Intelligence, part of Accenture
Digital, applies artificial intelligence and human ingenuity at the
core of business to help clients solve their most complex business
problems. By deploying AI responsibly and combining it with our deep
industry and analytics expertise, we enable the digital transformation
of organizations, extend human capabilities, and make intelligent
products and services a reality. Follow @AccentureAI
and visit accenture.com/appliedintelligence.

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