Accenture investing $3 billion in cloud

Every silver has a cloudy liningAccenture is investing $3 billion over three years in its multi-service group, starting last autumn, to help clients across all industries become cloud-first businesses and accelerate their digital transformation.

Accenture said its Cloud First group is designed to harness the “full power and breadth” of the firm’s industry and technology capabilities, ecosystem partnerships, commitment to upskilling clients’ employees and responsible business approach.

Accenture’s CEO Julie Sweet said that Digital transformation required cloud at scale, and post-COVID leadership requires that every business become a cloud-first business.

“COVID-19 has created a new inflexion 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.”

Accenture Cloud First was created as worldwide demand for cloud computing has “skyrocketed” due to COVID-19, the firm said.

Accenture Technology’s group chief executive Paul Daugherty said that with most businesses currently at only about 20 percent in the cloud in 2020, moving to 80 percent or more rapidly and cost-effectively is a massive change that requires a bold new model.

“Accenture Cloud First, along with our $3 billion investment and our market-leading software-as-a-service capabilities in intelligent platform services, ensures that we provide our clients with value, speed and innovation in every part of their cloud journey.

“Cloud is the most disruptive and value-creating technology of our time — it is the foundation for the digital transformation that is driving profound changes in how businesses operate, compete and create value for all their stakeholders.”