Narayan AmmachchiAccenture has purchased a minority stake in artificial intelligence-based data analytics platform vendor Splice Machine as part of a broader strategy aimed at bolstering its new data analytics services.
Splice Machine is open source and is built upon the popular Apache Hadoop, HBase, and Spark distributed platforms. Moreover, its solutions can be deployed on-premise or as a fully managed cloud service.
Accenture already has a relationship with the San Francisco-based company. Last year, Accenture integrated Splice Machine’s intelligent application platform into its analytics-as-a-service solution. Offered in a pay-as-you-use service model, the platform includes a suite of pre-built analytics apps and tools to support a multitude of industries and business functions.
“Splice Machine integrates operational workloads, analytics and machine learning in one operational AI platform, powering smart applications with real-time data at scale and delivering business experiences designed to exceed customers’ expectations,” Accenture stated in a press release.
As part of the agreement, Accenture will be a preferred systems integrator for Splice Machine’s platform globally.
Accenture reportedly participated in Splice Machine’s US$16 million funding round with other investors, including GreatPoint Ventures. The IT consultancy has, however, not disclosed how much money it invested in Splice.
“Splice Machine’s operational AI platform strengthens our ability to deliver on the power of artificial intelligence,” said Paul Daugherty, Accenture’s chief technology and innovation officer.
The market for operational AI platforms is likely to reach US$60 billion by 2022, according to IDC. Using an operational AI data platform, companies can improve the quality of their decision-making, whether its predicting events like customer churn, impending fraud, a medical condition, or anticipating the next purchase by a customer.
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