NEW YORK - Accenture (NYSE: NYSE:ACN) has unveiled its strategic initiative, Accenture LearnVantage, aimed at bolstering technology learning and training services for clients. The company plans to invest $1 billion over the next three years and has entered into an agreement to acquire the online education company Udacity.
This move is set to enhance Accenture's capabilities in addressing the growing demand for technology skills, particularly in areas like artificial intelligence (AI), data science, and cloud computing.
Accenture LearnVantage is designed to help organizations rapidly identify and address skill gaps emerging from technological advances, offering personalized learning experiences to a variety of users including technical teams, business executives, and board members. The service will focus on industry-specific training to enable clients to reskill and upskill their workforce efficiently.
The acquisition of Udacity is expected to complement Accenture’s existing learning and training experiences by integrating proprietary content, expert services, and scalable learning technology. Udacity's team of over 230 professionals will join the Accenture LearnVantage business, with the full suite of services set to be available later this year post-acquisition.
Accenture has a history of significant investment in learning and training for its workforce, contributing over $1 billion annually and delivering around 40 million training hours each year. The company has trained more than 600,000 of its employees in AI fundamentals and aims to expand its Data & AI practice professionals to 80,000, with training for 250,000 technology professionals by the end of fiscal 2024.
The new learning platform will integrate with existing learning systems and utilize an AI recommendation engine to curate personalized content. It will offer tailored technology programs, technology academies, certification services, and managed services for clients' learning capabilities, including nanodegrees for specialized fields.
For its LearnVantage initiative, Accenture will collaborate with technology ecosystem partners such as Amazon (NASDAQ:AMZN) Web Services, Google (NASDAQ:GOOGL) Cloud, and Microsoft (NASDAQ:MSFT) to provide generative AI content and cloud certifications. Additional learning partners include Pluralsight (NASDAQ:PS), Coursera, Workera, and Skillsoft.
This strategic investment by Accenture is a response to the urgent need for technology training as identified by business leaders. The company's efforts aim to help clients advance their business objectives while equipping their workforce with the skills necessary for future technological developments.
The information in this article is based on a press release statement.
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