Accenture to invest $3bn in AI to support its clients
The New York-listed company plans to double its talent in the tech segment to 80,000 professionals as demand for the latest innovation continues to rise
Global consultancy Accenture plans to invest $3 billion over the next three years in its data and artificial intelligence practice to help its clients use the latest technology and boost their growth.
As part of the strategy, the New York-listed company will invest in assets, industry solutions, ventures, acquisitions, talent and ecosystem partnerships to deepen and develop new skills and capabilities across “diagnostic, predictive and generative AI”, the company said on Wednesday.
It will also double its AI talent to 80,000 professionals through a mix of hiring, acquisitions and training over the next three years.
“There is unprecedented interest in all areas of AI, and the substantial investment we are making in our data and AI practice will help our clients move from interest to action to value, and in a responsible way with clear business cases,” said Julie Sweet, chairwoman and chief executive of Accenture.
“Companies that build a strong foundation of AI by adopting and scaling it [up] now, where the technology is mature and delivers clear value, will be better positioned to reinvent, compete and achieve new levels of performance.”
AI is gaining traction around the globe as a number of companies adopt the latest technology to boost efficiency and automate their operations.
The use of AI is also expected to grow in the region amid digital transformation strategies.
Spending on artificial intelligence in the Middle East and Africa region will jump to $3 billion this year – accounting for nearly 2 per cent of global AI spending of $151.4 billion, according to a report by the International Data Corporation.
Rapid adoption of cloud solutions by different industries and a hastened digital transformation will drive AI spending over the coming years, the report found.
“Over the next decade, AI will be a mega-trend, transforming industries, companies and the way we live and work, as generative AI transforms 40 per cent of all working hours,” said Paul Daugherty, group chief executive of Accenture Technology.
“Our expanded data and AI practice brings together the full power and breadth of Accenture in creating industry-specific solutions that will help our clients harness AI’s full potential to reshape their strategy, technology and ways of working.”
As part of its investment, Accenture is also launching a new AI Navigator for Enterprise to help clients “define business cases, make decisions, navigate AI journeys, choose architectures and understand algorithms and models to drive value responsibly”, it said.
The platform will include assets designed to hasten the adoption of responsible AI practices and compliance programmes.
The company will also focus on the creation of accelerators for data and AI readiness across 19 distinct industries, as well as “pre-built industry and functional models that take advantage of new generative AI capabilities”, it said.
The combination of significant labour cost savings, new job creation and higher productivity for non-displaced workers can lead to a productivity boom that raises economic growth "substantially", the US investment bank's analysts said in the report.
Widespread AI adoption can eventually boost annual global gross domestic product by 7 per cent in the 10 years after at least half of companies worldwide use AI technology.
The bank estimates that AI adoption could raise global annual productivity growth by 1.4 percentage points over a decade, although it expects a more delayed impact in emerging market economies.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
The Beach Bum
Director: Harmony Korine
Stars: Matthew McConaughey, Isla Fisher, Snoop Dogg
Two stars
The Sand Castle
Director: Matty Brown
Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea
Rating: 2.5/5
Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.
UAE currency: the story behind the money in your pockets
October 26: Bahrain withdraws from a proposal to create a federation of nine with the seven Trucial States and Qatar.
December: Ahmed Al Suwaidi visits New York to discuss potential UN membership.
1971
March 1: Alex Douglas Hume, Conservative foreign secretary confirms that Britain will leave the Gulf and “strongly supports” the creation of a Union of Arab Emirates.
July 12: Historic meeting at which Sheikh Zayed and Sheikh Rashid make a binding agreement to create what will become the UAE.
July 18: It is announced that the UAE will be formed from six emirates, with a proposed constitution signed. RAK is not yet part of the agreement.
August 6: The fifth anniversary of Sheikh Zayed becoming Ruler of Abu Dhabi, with official celebrations deferred until later in the year.
August 15: Bahrain becomes independent.
September 3: Qatar becomes independent.
November 23-25: Meeting with Sheikh Zayed and Sheikh Rashid and senior British officials to fix December 2 as date of creation of the UAE.
November 29: At 5.30pm Iranian forces seize the Greater and Lesser Tunbs by force.
November 30: Despite a power sharing agreement, Tehran takes full control of Abu Musa.
November 31: UK officials visit all six participating Emirates to formally end the Trucial States treaties
December 2: 11am, Dubai. New Supreme Council formally elects Sheikh Zayed as President. Treaty of Friendship signed with the UK. 11.30am. Flag raising ceremony at Union House and Al Manhal Palace in Abu Dhabi witnessed by Sheikh Khalifa, then Crown Prince of Abu Dhabi.
December 6: Arab League formally admits the UAE. The first British Ambassador presents his credentials to Sheikh Zayed.
December 9: UAE joins the United Nations.
Jordan cabinet changes
In
Raed Mozafar Abu Al Saoud, Minister of Water and Irrigation
Dr Bassam Samir Al Talhouni, Minister of Justice
Majd Mohamed Shoueikeh, State Minister of Development of Foundation Performance
Azmi Mahmud Mohafaza, Minister of Education and Minister of Higher Education and Scientific Research
Falah Abdalla Al Ammoush, Minister of Public Works and Housing
Basma Moussa Ishakat, Minister of Social Development
Dr Ghazi Monawar Al Zein, Minister of Health
Ibrahim Sobhi Alshahahede, Minister of Agriculture and Minister of Environment
Dr Mohamed Suleiman Aburamman, Minister of Culture and Minister of Youth
Out
Dr Adel Issa Al Tawissi, Minister of High Education and Scientific Research
Hala Noaman “Basiso Lattouf”, Minister of Social Development
Dr Mahmud Yassin Al Sheyab, Minister of Health
Yahya Moussa Kasbi, Minister of Public Works and Housing
Nayef Hamidi Al Fayez, Minister of Environment
Majd Mohamed Shoueika, Minister of Public Sector Development
Khalid Moussa Al Huneifat, Minister of Agriculture
Dr Awad Abu Jarad Al Mushakiba, Minister of Justice
Mounir Moussa Ouwais, Minister of Water and Agriculture
Dr Azmi Mahmud Mohafaza, Minister of Education
Mokarram Mustafa Al Kaysi, Minister of Youth
Basma Mohamed Al Nousour, Minister of Culture
The biog
Name: Marie Byrne
Nationality: Irish
Favourite film: The Shawshank Redemption
Book: Seagull by Jonathan Livingston
Life lesson: A person is not old until regret takes the place of their dreams
LAST-16 FIXTURES
Sunday, January 20
3pm: Jordan v Vietnam at Al Maktoum Stadium, Dubai
6pm: Thailand v China at Hazza bin Zayed Stadium, Al Ain
9pm: Iran v Oman at Mohamed bin Zayed Stadium, Abu Dhabi
Monday, January 21
3pm: Japan v Saudi Arabia at Sharjah Stadium
6pm: Australia v Uzbekistan at Khalifa bin Zayed Stadium, Al Ain
9pm: UAE v Kyrgyzstan at Zayed Sports City Stadium, Abu Dhabi
Tuesday, January 22
5pm: South Korea v Bahrain at Rashid Stadium, Dubai
8pm: Qatar v Iraq at Al Nahyan Stadium, Abu Dhabi
'Outclassed in Kuwait'
Taleb Alrefai,
HBKU Press
Abdul Jabar Qahraman was meeting supporters in his campaign office in the southern Afghan province of Helmand when a bomb hidden under a sofa exploded on Wednesday.
The blast in the provincial capital Lashkar Gah killed the Afghan election candidate and at least another three people, Interior Minister Wais Ahmad Barmak told reporters. Another three were wounded, while three suspects were detained, he said.
The Taliban – which controls much of Helmand and has vowed to disrupt the October 20 parliamentary elections – claimed responsibility for the attack.
Mr Qahraman was at least the 10th candidate killed so far during the campaign season, and the second from Lashkar Gah this month. Another candidate, Saleh Mohammad Asikzai, was among eight people killed in a suicide attack last week. Most of the slain candidates were murdered in targeted assassinations, including Avtar Singh Khalsa, the first Afghan Sikh to run for the lower house of the parliament.
The same week the Taliban warned candidates to withdraw from the elections. On Wednesday the group issued fresh warnings, calling on educational workers to stop schools from being used as polling centres.
Emirates have direct flights from Dubai to Glasgow from Dh3,115. Alternatively, if you want to see a bit of Edinburgh first, then you can fly there direct with Etihad from Abu Dhabi.
The hotel
Located in the heart of Mackintosh's Glasgow, the Dakota Deluxe is perhaps the most refined hotel anywhere in the city. Doubles from Dh850
Events and tours
There are various Mackintosh specific events throughout 2018 – for more details and to see a map of his surviving designs see glasgowmackintosh.com
For walking tours focussing on the Glasgow Style, see the website of the Glasgow School of Art.
Cape Town Sevens on Saturday and Sunday:Pools A – South Africa, Kenya, France, Russia; B – New Zealand, Australia, Spain, United States; C – England, Scotland, Argentina, Uganda; D – Fiji, Samoa, Canada, Wales
HSBC World Sevens Series standing after first leg in Dubai 1 South Africa; 2 New Zealand; 3 England; 4 Fiji; 5 Australia; 6 Samoa; 7 Kenya; 8 Scotland; 9 France; 10 Spain; 11 Argentina; 12 Canada; 13 Wales; 14 Uganda; 15 United States; 16 Russia
Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
Match info
Uefa Nations League A Group 4
England 2 (Lingard 78', Kane 85')
Croatia 1 (Kramaric 57')
Man of the match: Harry Kane (England)
Sri Lanka-India Test series schedule
1st Test India won by 304 runs at Galle
2nd Test India won by innings and 53 runs at Colombo
3rd Test August 12-16 at Pallekele
Scores in brief:
Day 1
New Zealand (1st innings) 153 all out (66.3 overs) - Williamson 63, Nicholls 28, Yasir 3-54, Haris 2-11, Abbas 2-13, Hasan 2-38
Pakistan (1st innings) 59-2 (23 overs)
MATCH DETAILS
Barcelona 0
Slavia Prague 0
How to avoid crypto fraud
Use unique usernames and passwords while enabling multi-factor authentication.
Use an offline private key, a physical device that requires manual activation, whenever you access your wallet.
Avoid suspicious social media ads promoting fraudulent schemes.
Only invest in crypto projects that you fully understand.
Critically assess whether a project’s promises or returns seem too good to be true.
Only use reputable platforms that have a track record of strong regulatory compliance.
Store funds in hardware wallets as opposed to online exchanges.
Defending champions
World Series: South Africa Women’s World Series: Australia Gulf Men’s League: Dubai Exiles Gulf Men’s Social: Mediclinic Barrelhouse Warriors Gulf Vets: Jebel Ali Dragons Veterans Gulf Women: Dubai Sports City Eagles Gulf Under 19: British School Al Khubairat Gulf Under 19 Girls: Dubai Exiles UAE National Schools: Al Safa School International Invitational: Speranza 22 International Vets: Joining Jack
Dates for the diary
To mark Bodytree’s 10th anniversary, the coming season will be filled with celebratory activities:
September 21 Anyone interested in becoming a certified yoga instructor can sign up for a 250-hour course in Yoga Teacher Training with Jacquelene Sadek. It begins on September 21 and will take place over the course of six weekends.
October 18 to 21 International yoga instructor, Yogi Nora, will be visiting Bodytree and offering classes.
October 26 to November 4 International pilates instructor Courtney Miller will be on hand at the studio, offering classes.
November 9 Bodytree is hosting a party to celebrate turning 10, and everyone is invited. Expect a day full of free classes on the grounds of the studio.
December 11 Yogeswari, an advanced certified Jivamukti teacher, will be visiting the studio.
February 2, 2018 Bodytree will host its 4th annual yoga market.
