Accenture announced the formation of Accenture Cloud First with a $3 billion investment over three years. Accenture’s $3 billion investment will be used to continue advancing — often together with its cloud and broader technology ecosystem partners — industry roadmaps, data models, and solutions; cloud AI data and AI architectures; integrated full-stack infrastructure and applications capabilities; cloud tools, assets, and automation to drive lower unit cost and innovation; and research and development in edge computing and related cloud technologies.
Accenture Cloud First is a new multi-service group of 70,000 cloud professionals that brings together the full power and breadth of Accenture’s industry and technology capabilities, ecosystem partnerships, and deep commitment to learning and upskilling clients’ employees and to responsible business, with the singular focus of enabling organizations to move to the cloud with greater speed and achieve greater value for all their stakeholders at this critical time.
“COVID-19 has created a new inflection point that requires every company to dramatically accelerate the move to the cloud as a foundation for digital transformation to build the resilience, new experiences and products, trust, speed, and structural cost reduction that the ongoing health, economic and societal crisis demands — and that a better future for all requires,” said Accenture CEO Julie Sweet. “Accenture Cloud First and our substantial investment demonstrate our commitment to delivering greater value to our clients when they need it most. Digital transformation requires cloud at scale, and post-COVID leadership requires that every business become a ‘cloud-first’ business.”
The idea is to help clients across all industries rapidly become “cloud-first” businesses and accelerate their digital transformation to realize greater value at speed and scale. Karthik Narain will lead Accenture Cloud First and join the Global Management Committee, effective October 1.
Julie Sweet, CEO of Accenture, discusses how the company is investing in helping businesses “replatform” in the cloud:
Once In An Era Replatforming Of Global Business
There has been this massive acceleration in the cloud. Really what’s happening is a once in an era replatforming of global business. We are 20 percent in the cloud today. We believe we will move to around 80 percent in just five years. What Accenture Cloud First is about is helping companies get there faster by bringing together all of the capabilities with a singular focus of how are we going to replatform at speed.
Pre-COVID we worked with a ton of the digital leaders who have been out front. What we see is that there are three important components. First of all, with our cloud partners across the spectrum it’s really critical to not just move companies but to move entire industries. That takes the road map, the learning, and the data integration about what problems are specific to the industry. We are going to be investing in those solutions often along with our partners.
The second area is the speed, investing in better automation and technology that is going to help not just move these companies faster but actually also be able to operate in the cloud with increasingly more productivity. Think about the cloud becoming a platform for their productivity.
Investing In Making Replatforming Sustainable
The third place is around talent and sustainability. If you are replatforming entire global businesses in the cloud we have to do so in a sustainable way. This means getting out of the datacenter to the cloud and what it does for climate change. It’s around things like supply chain and making sure that you are building in the ability to have the integrity of the supply chain and that you are reskilling.
We will be investing in making this replatforming sustainable. This is core as we think about post-COVID our belief as companies across the globe and government that we need to make a better future for all by building in this view of all stakeholders from the planet to our people.