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Accenture, the worldwide skilled companies firm, introduced earlier this month the launch of Accenture LearnVantage, a $1 billion investment over three years in an AI-powered studying platform designed to assist purchasers upskill their workforces and capitalize on rising applied sciences. The transfer comes as companies throughout industries battle to seek out expertise with the required abilities in areas similar to generative AI, cloud computing, and cybersecurity.
Kishore Durg, the worldwide lead of Accenture LearnVantage, lately spoke with VentureBeat to speak concerning the huge announcement and what it means for the enterprise. He helped make clear what this implies for the corporate and why it comes simply on the proper time.
“As we proceed to assist our purchasers reinvent in response to new market realities, one of many largest challenges they face is increasing their skill to benefit from progressive applied sciences to realize larger enterprise worth,” Durg stated. “In line with Accenture analysis, enterprise leaders say their No. 1 problem is their lack of ability to upskill their workforces, with 51% of organizations beginning to see adverse impacts from worsening IT abilities shortages.”
Bolstering Capabilities with Acquisitions and Partnerships
Accenture LearnVantage goals to bridge this hole by providing customized studying paths primarily based on the perfect content material from Accenture and third-party suppliers. The platform’s AI advice engine will floor essentially the most related abilities to people primarily based on their roles and the corporate’s enterprise technique. “It’s supported by an always-on abilities assistant that delivers related studying on the level of want in a means that’s simple to devour, apply and measure,” Durg defined.
The launch of Accenture LearnVantage is bolstered by the corporate’s latest acquisition of Udacity, a digital training pioneer. “As a digital training pioneer, Udacity will deliver to Accenture expanded capabilities in integrating proprietary content material, knowledgeable companies and scalable studying know-how that aligns with Accenture’s long-standing strategy to studying by means of formal coaching, studying by doing and training by specialists,” Durg informed VentureBeat.
Accenture LearnVantage can even accomplice with know-how giants similar to AWS, Google Cloud, and Microsoft to supply generative AI content material, industry-relevant know-how coaching, and cloud certifications for joint purchasers. These partnerships, together with Accenture’s deep {industry} experience, will allow the platform to supply tailor-made, contextualized studying experiences for particular industries.
Assembly the Demand for Generative AI Expertise
As demand for generative AI abilities skyrockets, with 94% of workers wanting to learn but only 5% of companies providing training at scale, Accenture LearnVantage is well-positioned to assist purchasers meet this problem. “We’re experiencing great curiosity from senior leaders particularly who wish to be educated on GenAI capabilities in order to make applicable selections for GenAI functions and fund applicable applications,” Durg famous.
Accenture’s $1 billion funding in LearnVantage underscores the rising significance of upskilling and reskilling within the face of fast technological change. With its AI-powered platform, deep {industry} experience, and strong accomplice ecosystem, Accenture LearnVantage has the potential to turn into a significant participant within the enterprise studying market and assist companies throughout industries keep aggressive within the age of AI.
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