The global management consulting and professional services firm, Accenture recently partnered with Splice Machine, a data platform that provides offline, and batch analysis, and powers intelligent applications for operational workflows. Moreover, Accenture has also made a minority equity investment in the Splice Machine’s platform for operational Artificial Intelligence. With this partnership, both companies will power the clients to deploy an AI-powered platform which is able to perform better managing large data transformation projects and facilitate improved, faster decision-making process and fuel innovation at scale.
As part of the partnership, Splice Machine brings together operational workloads, analytics, and Machine Learning into one operational AI platform to drive smart applications with real-time data at scale and offer business with experiences that are intended to go beyond clients’ expectations. Its platform combines analytical data, the power of Machine Learning, and transaction data, along with Accenture’s expertise. This will allow businesses to predict events including customer crunch, impending deception, or foreseeing a client’s next purchase. Splice Machine Co-founder and Chief Executive Officer, Monte Zweben stated that both companies identify that pace and quality of decision-making, which is the most weapons in today’s corporate arsenal. He further noted that his company is working with Accenture to push AI into their customers’ decision-making process through Splice Machine’s integrated data platform that allows them to deliver smart customer experience.
Accenture, under the purview of the partnership, will be a preferred systems integrator for Splice Machine’s platform worldwide. Further, it must also be noted that collaboration and minority equity investment were undertaken through Accenture Ventures. However, the companies have not unveiled any financial details or terms of Accenture’s minority equity investment in Splice Machine.