Will invest $1 billion over three years and
agrees to acquire Udacity to meet clients’ significant need for
training
AI-native learning platform uses recommendation
engine to deliver personalized learning experiences for technical
teams, business users, C-suite and board members
Accenture (NYSE: ACN) today announced the launch of Accenture
LearnVantage to provide its clients with comprehensive technology
learning and training services that will help them reskill and
upskill their people in technology, data and AI to reinvent their
organizations and achieve greater business value. The new service
is designed to help leaders across industries and governments
quickly identify gaps in relevant skills being created by advances
in technologies and then provide the industry-specific training
needed to fill those gaps at speed and scale. This includes
delivering highly personalized learning experiences for a wide
range of technical and business users, from specialized AI and data
science, cloud and cyber security training for IT professionals to
Gen AI training for board and C-suite members and business
leaders.
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Accenture today announced the launch of
Accenture LearnVantage to provide its clients with comprehensive
technology learning and training services that will help them
reskill and upskill their people in technology, data and AI to
reinvent their organizations and achieve greater business value.
(Photo: Business Wire)
The company will invest $1 billion in Accenture LearnVantage
over three years and has agreed to acquire Udacity to build on and
scale for clients Accenture’s deep experience in learning and
training and meet rising demand for technology skills, including
generative AI. According to Accenture research, business leaders
say their No. 1 challenge is their inability to upskill their
workforces, with 51% of organizations starting to see negative
impacts from worsening IT skills shortages. In addition, 94% of
workers say they want to learn new skills to work with generative
AI, but only 5% of organizations provide gen AI training at
scale.
“We are passionate about helping our clients become ‘talent
creators’—with people at the center of their reinvention using
technology, data and AI—and a critical part of that is investing in
industry-specific training and technology skills development,” said
Julie Sweet, chair and CEO, Accenture. “We are scaling Accenture’s
deep capabilities as a world-class learning organization to help
our clients meet their business growth objectives and enable their
people to develop the relevant skills they need to make the most of
the opportunities that technological change is bringing.”
Accenture has helped many enterprises upskill their workforces
for business reinvention, including biopharmaceutical company
Merck, known as MSD outside of the United States and Canada.
“Digital, data, analytics and AI are touching every part of what
we do as a company as technology plays a pivotal role in
discovering, developing, manufacturing, and providing access for
patients to medicines and vaccines,” said Dave Williams, executive
vice president, chief information and digital officer, Merck. “To
continue delivering on our promise to use the power of leading-edge
science to save and improve lives around the world, we are
developing and investing in our people. We have launched a
groundbreaking generative AI training program for our employees in
partnership with Accenture to create world-class digital
leaders.”
Accenture invests more than $1 billion per year in a wide range
of learning and training for its more than 700,000 people,
delivering approximately 40 million training hours annually. For
example, training is helping Accenture achieve its goals to double
its deeply skilled Data & AI practice professionals to 80,000,
and the company is rolling out training for 250,000 technology
professionals by the end of fiscal 2024. Accenture has already
trained more than 600,000 of its people in the fundamentals of
AI.
Accenture has invested to create an AI-native learning platform
that seamlessly integrates with an organization’s existing learning
platforms. With the help of an AI recommendation engine, the
platform curates the best learning content from Accenture and
third-party providers to offer a personalized learning journey that
aligns with priority areas of learning.
Accenture LearnVantage will offer tailored technology learning
programs; specialized, predesigned technology academies; ecosystem
learning certification services; and managed services for a
client’s own learning capabilities. LearnVantage also will offer
nanodegrees, certified online programs designed to provide users
with hands-on experience and industry-relevant skills in
specialized fields.
The acquisition of Udacity will bring to Accenture the company’s
capabilities in integrating proprietary content, expert services
and scalable learning technology and aligns with Accenture’s
long-standing approach to learning through formal training,
learning by doing and coaching by experts. Udacity provides
localized course offerings in multiple languages, including
English, Arabic, Korean and Spanish. Udacity’s more than 230
professionals will join the Accenture LearnVantage business.
Accenture LearnVantage’s full set of services will be available
later this year following the closing of the acquisition.
Accenture LearnVantage will work with technology ecosystem
partners, including Amazon Web Services, Google Cloud and
Microsoft, to provide generative AI content, industry-relevant
technology training and cloud certifications for their joint
clients. It will also work with additional world-class learning
partners, including Pluralsight, Coursera, Workera and
Skillsoft.
“The rapid rise of generative AI has grown our clients’ need for
training and upskilling their people in cloud, data and AI as they
build their digital core, which is essential for reinvention,” said
Kishore Durg, global lead of Accenture LearnVantage. “Accenture
LearnVantage will help our clients not only advance their business
goals but also help their people build the skills they will need
for the next waves of technology change.”
About Accenture
Accenture is a leading global professional services company that
helps the world’s leading businesses, governments and other
organizations build their digital core, optimize their operations,
accelerate revenue growth and enhance citizen services—creating
tangible value at speed and scale. We are a talent- and
innovation-led company with approximately 743,000 people serving
clients in more than 120 countries. Technology is at the core of
change today, and we are one of the world’s leaders in helping
drive that change, with strong ecosystem relationships. We combine
our strength in technology and leadership in cloud, data and AI
with unmatched industry experience, functional expertise and global
delivery capability. We are uniquely able to deliver tangible
outcomes because of our broad range of services, solutions and
assets across Strategy & Consulting, Technology, Operations,
Industry X and Song. These capabilities, together with our culture
of shared success and commitment to creating 360° value, enable us
to help our clients reinvent and build trusted, lasting
relationships. We measure our success by the 360° value we create
for our clients, each other, our shareholders, partners and
communities. Visit us at www.accenture.com.
Forward-Looking Statements
Except for the historical information and discussions contained
herein, statements in this news release, including those relating
to the nature, timing and amount of the investments described
herein and the anticipated benefits of such actions, may constitute
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Words such as “may,”
“will,” “should,” “likely,” “anticipates,” “aspires,” “expects,”
“intends,” “plans,” “projects,” “believes,” “estimates,”
“positioned,” “outlook,” “goal,” “target” and similar expressions
are used to identify these forward-looking statements. These
statements are not guarantees of future performance nor promises
that goals or targets will be met, and involve a number of risks,
uncertainties and other factors that are difficult to predict and
could cause actual results to differ materially from those
expressed or implied. These risks include, without limitation,
risks that Accenture’s investment in Accenture LearnVantage may not
achieve the anticipated benefits for the company as well as the
risks, uncertainties and other factors discussed under the “Risk
Factors” heading in Accenture plc’s most recent Annual Report on
Form 10-K and other documents filed with or furnished to the
Securities and Exchange Commission. Statements in this news release
speak only as of the date they were made, and Accenture undertakes
no duty to update any forward-looking statements made in this news
release or to conform such statements to actual results or changes
in Accenture’s expectations.
Copyright © 2024 Accenture. All rights reserved. Accenture and
its logo are trademarks of Accenture.
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version on businesswire.com: https://www.businesswire.com/news/home/20240304559950/en/
Michelle Schneider Accenture +1 412 874 0282
michelle.schneider@accenture.com
Peter Y. Soh Accenture +1 703 947 2571
peter.y.soh@accenture.com
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