Technology giant, Accenture has bought the Ahmedabad-headquartered firm, Byte Prophecy, which is a big data analytics and automated insights company.
With the latest deal, approximately 50 data engineering, as well as data science veterans, holding focus on insight automation will become part of tech giant's applied intelligence, reported The Economic Times.
Furthermore, it will increase the firm's present technology and consulting capabilities that assist clientele in niches like advanced analytics and data foundations. It will, in turn, help the tech giant to fulfill increased demand for enterprise-scale AI, as well as digital analytics solutions, throughout the region.
"Across industries, decision making has become more complex, and businesses are increasingly relying on advanced analytics and AI to ensure insight-driven, rapid decision making," Piyush N. Singh, Accenture's market unit lead for India and sales lead for Growth Markets, said in an interview with the cited media agency.
"Our team has already been working with Byte Prophecy over the past two years, and together we've helped clients build the strong data foundations that are the cornerstone for successful AI adoption," Athina Kanioura, Accenture's chief analytics officer and global lead for Applied Intelligence, told the cited media agency.
"The opportunity to become part of Accenture Applied Intelligence will enable us to jointly build stronger assets and expand our services to more clients in the emerging markets," Mrugank Parikh, co-founder at Byte Prophecy, informed the cited media agency.