Nearshore Americas

Accenture Acquires Data Analytics Firm Knowledgent

Accenture has acquired another data analytics firm Knowledgent, saying the world is ‘in the midst of a data revolution’.

New Jersey-based Knowledgent has employed 200 data scientists, who provide services include data strategy, architecture, data engineering, and data management.

The company, which claims to have developed technologies that help companies better manage data, has offices in New York City, Boston, and the Canadian city of Toronto as well.

“Enterprises are using data to gain deep insights into all aspects of their businesses and customers, and build a strong competitive advantage to gain market share,” said Bhaskar Ghosh, group chief executive of Accenture Technology Services.

“With the acquisition of Knowledgent, we can accelerate our data services to clients, using Knowledgent’s top-notch talent, industry experience and proven data solutions.”

It seems Accenture chose Knowledgent for its human expertise in data science rather than its technology know-how.

“With increasing volume and availability, data is now feeding the world,” said Shail Jain, CEO, Knowledgent. “Our combined capabilities will help create more comprehensive, end-to-end data management solutions – from data strategy, architecture, and system integration to managed services– turning data into value at every step.”

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Over the past 12 months, Accenture has spent more than a billion dollar to revitalize its IT offerings.

This is only the latest in its string of acquisitions and the second major investment in data analytics after purchasing Kogentix in July last year.

Narayan Ammachchi

News Editor for Nearshore Americas, Narayan Ammachchi is a career journalist with a decade of experience in politics and international business. He works out of his base in the Indian Silicon City of Bangalore.

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