Accenture says it is expanding its advanced analytics offering to customers with the acquisition of Italian firm i4C Analytics
The outsourcer and business consulting firm said the acquisition will strengthen its capabilities to quickly offer tailored and industry- and function-specific analytics applications that clients can use to aid business decisions.
The i4C Analytics business will be integrated into Accenture Analytics, which is part of Accenture Digital. Terms of the deal have not been disclosed.
The main offering from i4C is its Application Configuration Environment (ACE), an agile development system for advanced analytics applications (AAAs) - aimed at producing turn-key industry- and function-specific solutions that enable accelerated time to insight and action and achieving business outcomes.
The applications can be designed and built in a short amount of time, and be integrated fully with clients' workflow processes to shorten the time from data intake to decision output.
Accenture says it will use the platform to start building new, advanced analytics apps across the different industries and business functions the company serves.
"In a market where apps are everything, our analytics-savvy clients are looking to Accenture to help them get from data to decisions as quickly as possible. The acquisition of i4C Analytics is designed to help them do this in a fast, flexible and targeted manner," said Narendra Mulani, senior managing director of Accenture Analytics, part of Accenture Digital.
He said: "The days of bulky advanced analytics solutions that take time to create and are expensive to maintain are gone. With i4C, we will be able to build apps quickly and ensure they are as easy as possible for clients to access, understand and action insights based on relevant, timely data."
Founded in 2002, i4C currently provides industry-specific optimisation and predictive solutions in industries including power and gas, financial services, retail, manufacturing and communications. The privately held company has over 70 employees and is headquartered in Milan, with offices in Bologna and Rome and a presence in the UK.
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