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On Fri, 23 Aug, 12:03 AM UTC
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AWS Powers Accenture's Responsible AI Platform Launch: Details - Accenture (NYSE:ACN)
The platform integrates AI governance, risk assessment, and compliance tools for AWS workloads, ensuring AI readiness and regulatory complia Accenture plc ACN expanded its collaboration with Amazon.com, Inc.'s AMZN Amazon Web Services (AWS) to launch the Accenture Responsible AI Platform. The platform, powered by AWS, aims to help organizations quickly and securely adopt and scale AI across their enterprise. The Accenture Responsible AI Platform powered by AWS helps clients monitor, test, and ensure AI compliance across their enterprise, offering a unified view of assets and tools tailored for AWS workloads. It enables organizations to integrate responsible AI practices into workflows and assess AI readiness using industry benchmark data. The Accenture Responsible AI Platform integrates Accenture's insights from over 1,000 generative AI projects and its responsible AI program for 750,000 employees across 120 countries. It combines Accenture's best practices with AWS AI services like Amazon Bedrock and SageMaker, along with solutions such as AWS Control Tower, DataZone, and observability tools. Arnab Chakraborty, chief responsible AI officer, Accenture, said, "For the first time, Accenture plans to offer comprehensive end-to-end services spanning AI governance setup, AI risk assessment, generative AI testing, ongoing compliance support, regulation management and security for AWS workloads." Vasi Philomin, vice president of generative AI at AWS, stated, "This platform will make it easier for customers to use our growing portfolio of responsible AI solutions, and provide a holistic assessment as well as ongoing monitoring and testing to help clients with their compliance obligations in a rapidly evolving regulatory environment. With Accenture, we are empowering more customers to experiment and innovate safely with generative AI." This month, S&P Global and Accenture have teamed up to drive generative AI innovation in the financial services sector. In June, Accenture reported third-quarter fiscal 2024 sales of $16.47 billion compared with the analyst consensus of $16.55 billion, and adjusted EPS of $3.13 which missed the analyst consensus of $3.15. Investors can gain exposure to the ACN stock via Trust for Professional Managers Jensen Quality Growth ETF JGRW and iShares U.S. Tech Independence Focused ETF IETC. Price Action: ACN shares are down 0.64% at $331.47 at the last check Thursday. Photo by Sundry Photography via Shutterstock Read Next: August Services Growth Exceeds Expectations As Manufacturing Slumps: Inflation Gradually Eases 'To Normal Levels' Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Market News and Data brought to you by Benzinga APIs
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Accenture and AWS Collaborate to Help Organizations Scale Adoption of AI Responsibly By Investing.com
New joint innovations aim to help enterprises assess, test, build and manage AI responsibly and safely NEW YORK--(BUSINESS WIRE)--Accenture (NYSE: ACN) today announced an expansion of its strategic collaboration with Amazon (NASDAQ:AMZN) Web Services (AWS) to create Accenture (NYSE:ACN) Responsible Artificial Intelligence (AI) Platform powered by AWS to help organizations adopt and scale AI rapidly with trust and confidence throughout their enterprise. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240822220910/en/ The rapid rise of AI has created unique challenges and implications for business leaders who must balance AI risks, such as bias and hallucinations, and implement compliance requirements with new and evolving AI regulations. According to Accenture research, only 2% of companies have fully operationalized responsible AI across their organizations. Our work with AWS is focused on helping our clients establish and embed responsible AI at scale, closing the gap between principles and action, said Arnab Chakraborty, chief responsible AI officer, Accenture. For the first time, Accenture plans to offer comprehensive end-to-end services spanning AI governance setup, AI risk assessment, generative AI testing, ongoing compliance support, regulation management and security for AWS workloads. Accenture Responsible AI Platform powered by AWS will integrate the core elements of responsible AI to help clients create an ongoing cycle of monitoring, testing and remediating for compliance throughout the enterprise. Tuned for AWS workloads, it offers a unified view of assets, open-source tools and industry standards for responsible AI to help organizations seamlessly incorporate them into their workflows and processes. Delivered through an intuitive user journey with sequential steps, the platform allows business leaders to assess their organization's readiness or maturity level for AI and perform risk screenings leveraging benchmark data from multiple industries. The new platform will help enable clients to easily understand what they need to do in order to identify specific AI risks, develop appropriate risk mitigation approaches and support compliance with specific fast-changing regulations. This is especially relevant with the accelerated pace of generative AI pilots and technology advancements. With our expanded collaboration, Accenture Responsible Artificial Intelligence Platform powered by AWS will help customers adopt and scale AI rapidly and with confidence, said Vasi Philomin, vice president of generative AI at AWS. This platform will make it easier for customers to use our growing portfolio of responsible AI solutions, and provide a holistic assessment as well as ongoing monitoring and testing to help clients with their compliance obligations in a rapidly evolving regulatory environment. With Accenture, we are empowering more customers to experiment and innovate safely with generative AI. Accenture Responsible AI Platform powered by AWS brings together Accenture's curated learnings from more than 1,000 generative AI client projects, from its own responsible AI program for approximately 750,000 people serving clients across 120 countries, and from collaboration with AWS in responsible AI. It combines Accenture's proven best practices and proprietary responsible AI framework with AWS' leading portfolio of AI services including Amazon Bedrock and Amazon SageMaker, alongside solutions like AWS Control Tower, Amazon DataZone and AWS observability tools. As one of the industry's first and most comprehensive responsible AI frameworks with end-to-end capabilities, Accenture Responsible AI Platform powered by AWS includes five offerings to help clients establish and implement policies, principles and standards: Today's announcement builds on Accenture's ongoing work with AWS in AI, through the Accenture AWS Business Group. Most recently, Accenture and AWS joined forces with Anthropic to scale AI responsibly. In November, Accenture and AWS shared plans to use Amazon Q in order to help clients develop software and modernize application environments faster. Last June, Accenture and AWS announced a strategic collaboration to help clients leverage the value of large language models and generative AI for faster business transformation on AWS, including a responsible AI blueprint. 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 750,000 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. Copyright © 2024 Accenture. All rights reserved. Accenture and its logo are trademarks of Accenture.
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Accenture and Amazon Web Services (AWS) have joined forces to create a new Responsible AI platform, aiming to help organizations scale AI adoption responsibly and efficiently.
Accenture, a global professional services company, has announced a collaboration with Amazon Web Services (AWS) to launch a new Responsible AI platform 1. This innovative platform is designed to assist organizations in scaling their adoption of artificial intelligence (AI) in a responsible and efficient manner 2.
The new platform leverages AWS's advanced cloud and AI services, combined with Accenture's extensive industry expertise and AI capabilities. It offers a comprehensive suite of tools and services aimed at helping businesses navigate the complex landscape of AI implementation while adhering to ethical and responsible practices 1.
Key features of the platform include:
By utilizing this platform, organizations can expect to:
The Responsible AI platform is expected to have a significant impact across various industries, including financial services, healthcare, and manufacturing 2. It will enable companies to develop and deploy AI solutions that are not only innovative but also align with ethical standards and societal expectations.
Karthik Narain, CEO of Accenture Cloud First, emphasized the importance of responsible AI adoption, stating, "As AI becomes more prevalent in business operations, it's crucial that organizations implement it in a way that is ethical, transparent, and accountable" 1.
Matt Garman, Senior Vice President of Sales, Marketing and Global Services at AWS, added, "Our collaboration with Accenture on this Responsible AI platform will help customers harness the full potential of AI while maintaining the highest standards of responsibility and trust" 2.
As AI continues to evolve and become more integrated into business processes, the demand for responsible AI solutions is expected to grow. The Accenture-AWS collaboration represents a significant step forward in meeting this demand and shaping the future of AI adoption across industries.
The launch of this platform underscores the growing recognition of the need for ethical considerations in AI development and deployment. It sets a new standard for responsible AI practices and is likely to influence future innovations in this space.
Accenture and Google Cloud have announced an expansion of their strategic alliance, focusing on accelerating AI adoption and bolstering cybersecurity measures for businesses worldwide.
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Amazon Web Services (AWS) announces the Generative AI Partner Innovation Alliance to expand the reach of its Generative AI Innovation Center, aiming to help more customers build and deploy AI solutions worldwide.
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Accenture acquires Danish AI firm Halfspace and invests in AI-driven analytics company Aaru, significantly expanding its AI capabilities in the Nordic region and beyond.
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Accenture introduces new cybersecurity services leveraging generative AI, deepfake protection, and quantum-safe solutions to help clients become cyber-resilient organizations in the face of increasing AI-driven threats.
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IBM and AWS announce a significant expansion of their partnership, focusing on responsible AI and introducing IBM's Granite models to Amazon's cloud services. This collaboration aims to provide enterprises with powerful, cost-effective AI solutions while emphasizing governance and security.
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