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    Home»Technology»Accenture’s $1 billion LearnVantage platform tackles the rising AI abilities hole
    Technology

    Accenture’s $1 billion LearnVantage platform tackles the rising AI abilities hole

    adminBy adminMarch 22, 2024Updated:March 23, 2024No Comments4 Mins Read
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    Accenture’s  billion LearnVantage platform tackles the rising AI abilities hole
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    Accenture’s  billion LearnVantage platform tackles the rising AI abilities hole


    Be part of Gen AI enterprise leaders in Boston on March 27 for an unique night time of networking, insights, and conversations surrounding knowledge integrity. Request an invitation right here.


    Accenture, the worldwide skilled providers firm, introduced earlier this month the launch of Accenture LearnVantage, a $1 billion funding over three years in an AI-powered studying platform designed to assist shoppers upskill their workforces and capitalize on rising applied sciences. The transfer comes as companies throughout industries battle to search out expertise with the required abilities in areas comparable to generative AI, cloud computing, and cybersecurity.

    Kishore Durg, the worldwide lead of Accenture LearnVantage, not too long ago spoke with VentureBeat to speak in regards to 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 shoppers reinvent in response to new market realities, one of many largest challenges they face is increasing their capacity to benefit from progressive applied sciences to realize better enterprise worth,” Durg stated. “Based on Accenture analysis, enterprise leaders say their No. 1 problem is their incapacity to upskill their workforces, with 51% of organizations beginning to see unfavorable impacts from worsening IT abilities shortages.”

    Bolstering Capabilities with Acquisitions and Partnerships

    Accenture LearnVantage goals to bridge this hole by providing personalised studying paths based mostly 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 based mostly 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.

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    The launch of Accenture LearnVantage is bolstered by the corporate’s current 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 providers and scalable studying know-how that aligns with Accenture’s long-standing strategy to studying by way of formal coaching, studying by doing and training by consultants,” Durg informed VentureBeat.

    Accenture LearnVantage will even companion with know-how giants comparable to AWS, Google Cloud, and Microsoft to supply generative AI content material, industry-relevant know-how coaching, and cloud certifications for joint shoppers. 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 employees eager to study however solely 5% of firms offering coaching at scale, Accenture LearnVantage is well-positioned to assist shoppers meet this problem. “We’re experiencing large curiosity from senior leaders particularly who wish to be educated on GenAI capabilities in order to make acceptable selections for GenAI functions and fund acceptable applications,” Durg famous.

    Accenture’s $1 billion funding in LearnVantage underscores the rising significance of upskilling and reskilling within the face of speedy technological change. With its AI-powered platform, deep {industry} experience, and strong companion ecosystem, Accenture LearnVantage has the potential to grow to be a significant participant within the enterprise studying market and assist companies throughout industries keep aggressive within the age of AI.

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