How Accenture developed
Accenture is a leader in the professional services sector. The company owes its success to its commitment to continuous improvement. The company focuses on using cutting-edge technologies to help businesses achieve their goals faster. These include artificial intelligence, blockchain, and cloud technology solutions, as well as other innovations.
The company began operations in 1989 under the name Andersen Consulting. After rebranding in 2001, it significantly expanded its capabilities for clients. Accenture provides a range of services, including:
– consulting, development, and implementation of business development strategies;
– support for operational processes;
– technological support, implementation, and adaptation of digital solutions.
Accenture operates in 120 countries, working with some of the world’s largest brands.
Business history
The company was formed in Dublin in 1989 from the consulting division of Arthur Andersen. Initially, it specialised in IT services and consulting.
The 2001 rebranding allowed it to move beyond these two areas. Accenture adopted a new strategy focused on innovation. This approach proved extremely successful for the business. It enabled the company to attract new clients and significantly improve its financial performance. In 2009, the service provider’s annual revenue exceeded US$21 billion. This was achieved by expanding its range of services.
In 2015, the company launched Accenture Strategy and Accenture Digital. These initiatives expanded the company’s capacity to offer specialised consulting services. The latter focused on promising technology sectors. To develop this area, the company adopted a strategy of mergers and acquisitions. As part of this strategy, Accenture acquired several firms in 2019, including Droga5.
Company values
Accenture invests in areas that are relevant to the market, one of which is cloud technology. The company has allocated US$3 billion to support customers in their transition to cloud solutions.
A key advantage of the service provider is its clear understanding of market needs. When the pandemic hit, there was an urgent need for digital transformation. Accenture provided customers with relevant solutions that enabled them to swiftly adapt to this new way of doing business. As a result, Accenture achieved US$60 billion in annual revenue in 2022. In 2023, the company shifted its focus to the AI sector. It is actively developing artificial intelligence-based solutions to help automate business operations.
The company’s activities are centred around six core areas:
– creating value for clients to improve their business efficiency;
– building a global network of analytical data to provide high-level services;
– focusing on diversity and inclusivity to ensure equal rights for different people;
– adhering to high ethical standards in working with clients and within the company;
– following the principles of sustainable development.
Accenture strives to provide a wide range of services and ensure high-quality service for companies of various industries and sizes.
