Latest news with #AI-enabled
Business Wire
5 hours ago
- Business
- Business Wire
Accenture Changes Growth Model to Reinvent Itself for the Age of AI
NEW YORK--(BUSINESS WIRE)--Accenture (NYSE: ACN) today announced changes to its growth model and its leadership, effective September 1, 2025. Accenture has delivered on its strategy to be its clients' reinvention partner of choice and to lead in Gen AI through its deeply skilled people and by bringing its clients multi-service solutions, including world-class, AI-enabled assets and platforms, as only Accenture can. These solutions are unique and deliver measurable value because Accenture has built scaled services in Strategy, Consulting, Song, Technology and Operations, deep industry and functional experience and unmatched technology ecosystem partnerships. Now Accenture will bring all of these services together in a single, integrated business unit called Reinvention Services, under the leadership of Manish Sharma, Accenture's current CEO of the Americas. Sharma will become Accenture's first Chief Services Officer. As an integrated business unit, Reinvention Services will be able to create more leading solutions faster and embed data and AI more easily into its solutions and delivery. The company will continue to manage its business through three geographic markets—the Americas, EMEA (Europe, Middle East and Africa) and Asia Pacific—and go to market by industry. John Walsh, Accenture's current global Chief Operating Officer, will become CEO of the Americas, succeeding Sharma. Kate Hogan, the current Chief Operating Officer of the Americas, will become the global Chief Operating Officer, succeeding Walsh. 'Today, our clients need more value faster, and Accenture is their reinvention partner of choice,' said Julie Sweet, chair and CEO, Accenture. 'These changes to our growth model will allow us to deliver that value and continue to scale our business by being an even stronger engine of reinvention that more rapidly delivers the power of Gen AI. We are writing the playbook for how to be the most AI-enabled, client-focused professional services company in the world and a great place to work for our people—our reinventors.' Effective Sept. 1, 2025, the new integrated business unit will have the following leads, reporting to Sharma: Strategy will continue to be led by Muqsit Ashraf, Group Chief Executive—Strategy. Consulting will be led by Jason Dess, current lead of CFO and Enterprise Value, who will become Group Chief Executive —Consulting. Dess succeeds Jack Azagury, who has decided to leave Accenture to pursue other opportunities. Song will be led by Ndidi Oteh, currently Song's lead in the Americas. (See prior announcement here.) Technology will be led by Rajendra Prasad, currently Accenture's Chief Information and Asset Engineering Officer, who will become Group Chief Executive—Technology and Chief Technology Officer. Prasad succeeds Karthik Narain, who has decided to leave Accenture to pursue other opportunities. Operations will continue to be led by Arundhati Chakraborty, Group Chief Executive—Operations. Additionally, Kate Clifford, currently CHRO of the Americas, will become the global Chief Leadership and Human Resources Officer, succeeding Angela Beatty, who has decided to leave Accenture to pursue other opportunities. 'Each of these leaders will play a crucial role in realizing the promise of our new growth model,' said Sweet. 'I am deeply grateful to Jack, Karthik and Angela for their outstanding contributions during their time at Accenture.' Forward-Looking Statements Except for the historical information and discussions contained herein, statements in this news release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as 'may,' 'will,' 'should,' 'likely,' 'anticipates,' 'aspires,' 'expects,' 'intends,' 'plans,' 'projects,' 'believes,' 'estimates,' 'positioned,' 'outlook,' 'goal,' 'target,' and similar expressions are used to identify these forward-looking statements. These statements are not guarantees of future performance nor promises that goals or targets will be met, and involve a number of risks, uncertainties and other factors that are difficult to predict and could cause actual results to differ materially from those expressed or implied. These risks include, without limitation, risks that: Accenture's results of operations have been, and may in the future be, adversely affected by volatile, negative or uncertain economic and geopolitical conditions and the effects of these conditions on the company's clients' businesses and levels of business activity; Accenture's business depends on generating and maintaining client demand for the company's services and solutions including through the adaptation and expansion of its services and solutions in response to ongoing changes in technology and offerings, and a significant reduction in such demand or an inability to respond to the evolving technological environment could materially affect the company's results of operations; risks and uncertainties related to the development and use of AI could harm our business, damage our reputation or give rise to legal or regulatory action; if Accenture is unable to match people and their skills with client demand around the world and attract and retain professionals with strong leadership skills, the company's business, the utilization rate of the company's professionals and the company's results of operations may be materially adversely affected; Accenture faces legal, reputational and financial risks from any failure to protect client and/or company data from security incidents or cyberattacks; the markets in which Accenture operates are highly competitive, and Accenture might not be able to compete effectively; Accenture's ability to attract and retain business and employees may depend on its reputation in the marketplace; if Accenture does not successfully manage and develop its relationships with key ecosystem partners or fails to anticipate and establish new alliances in new technologies, the company's results of operations could be adversely affected; Accenture's profitability could materially suffer due to pricing pressure, if the company is unable to remain competitive, if its cost-management strategies are unsuccessful or if it experiences delivery inefficiencies or fail to satisfy certain agreed-upon targets or specific service levels; changes in Accenture's level of taxes, as well as audits, investigations and tax proceedings, or changes in tax laws or in their interpretation or enforcement, could have a material adverse effect on the company's effective tax rate, results of operations, cash flows and financial condition; Accenture's results of operations could be materially adversely affected by fluctuations in foreign currency exchange rates; Accenture's debt obligations could adversely affect our business and financial condition; changes to accounting standards or in the estimates and assumptions Accenture makes in connection with the preparation of its consolidated financial statements could adversely affect its financial results; as a result of Accenture's geographically diverse operations and our strategy to continue to grow in our key markets around the world, the company is more susceptible to certain risks; if Accenture is unable to manage the organizational challenges associated with its size, the company might be unable to achieve its business objectives; Accenture might not be successful at acquiring, investing in or integrating businesses, entering into joint ventures or divesting businesses; Accenture's business could be materially adversely affected if the company incurs legal liability; Accenture's work with government clients exposes the company to additional risks inherent in the government contracting environment; Accenture's global operations expose the company to numerous and sometimes conflicting legal and regulatory requirements; if Accenture is unable to protect or enforce its intellectual property rights or if Accenture's services or solutions infringe upon the intellectual property rights of others or the company loses its ability to utilize the intellectual property of others, its business could be adversely affected; Accenture may be subject to criticism and negative publicity related to its incorporation in Ireland; as well as the risks, uncertainties and other factors discussed under the 'Risk Factors' heading in Accenture plc's most recent Annual Report on Form 10-K, as updated in Item 1A, 'Risk Factors' in its Quarterly Report on Form 10-Q for the second quarter of fiscal 2025, and other documents filed with or furnished to the Securities and Exchange Commission. Statements in this news release speak only as of the date they were made, and Accenture undertakes no duty to update any forward-looking statements made in this news release or to conform such statements to actual results or changes in Accenture's expectations. About Accenture Accenture is a leading global professional services company that helps the world's leading businesses, governments and other organizations build their digital core, optimize their operations, accelerate revenue growth and enhance citizen services—creating tangible value at speed and scale. We are a talent- and innovation-led company with approximately 791,000 people serving clients in more than 120 countries. Technology is at the core of change today, and we are one of the world's leaders in helping drive that change, with strong ecosystem relationships. We combine our strength in technology and leadership in cloud, data and AI with unmatched industry experience, functional expertise and global delivery capability. Our broad range of services, solutions and assets across Strategy & Consulting, Technology, Operations, Industry X and Song, together with our culture of shared success and commitment to creating 360° value, enable us to help our clients reinvent and build trusted, lasting relationships. We measure our success by the 360° value we create for our clients, each other, our shareholders, partners and communities. Visit us at
Al Etihad
16 hours ago
- Business
- Al Etihad
From lab to market: ATRC entities turn breakthrough research into real-world technologies
20 June 2025 02:27 SARA ALZAABI (ABU DHABI)Fuelling the UAE's push for innovation and a knowledge-based future are local labs and institutions that transform cutting-edge research into homegrown Advanced Technology Research Council's (ATRC) key entities - TII, ASPIRE, and SteerAI - are translating advanced science into real-world solutions that serve communities and national priorities, from AI to robotics and automation. "We are helping the UAE shift from adopting technologies to building them - delivering real economic and strategic value," said Dr. Najwa Aaraj, CEO of TII, in an interview with Aletihad . "Whether it is AI, quantum, robotics, or advanced materials, we are working on scalable, secure systems that support industrial resilience and self-reliance."Radar systems, edge AI tools, and impact-responsive body armour are some of the technologies that are moving "steadily from lab to market", supported by TII's commercialisation partner VentureOne, Dr. Aaraj ProjectsTII has been working with major government entities to advance next-generation technologies across sectors, from aerial systems and quantum-secure space communications to AI-enabled healthcare."Our robotics centre worked with the GCAA on autonomous aerial corridors. In quantum, we are partnering with the UAE Space Agency on secure communications for space infrastructure," Dr. Aaraj said."In AI, we enable edge-based models for healthcare and government, while in autonomous robotics, we are advancing GPS-free navigation for logistics and inspections."TII also invests in local talent. "Programmes like NexTech embed top Emirati STEM students in international universities and bring them back to our research centres to build the next generation of UAE scientists," she with Real-World ImpactATRC's ASPIRE also seeks to "bridge the gap between breakthrough research and tangible, real-world impact", turning lab ideas into deployable tech across key sectors. Speaking to Aletihad , Stephane Timpano, CEO of ASPIRE and A2RL, said: "From tackling carbon storage monitoring to shaping air corridors for autonomous mobility, our work ensures that emerging technologies meet real industrial and societal needs." ASPIRE focuses on "dual-use, high-impact technologies", including AI, robotics, and advanced materials."We are proving high-performance systems can be designed and built in the UAE," Timpano said, highlighting projects like A2RL's EAV-24 autonomous lab-to-market process starts by identifying real-world challenges in priority sectors, he said."Then, we invite global and local innovators to solve (these challenges) through competitive, milestone-driven programmes. Once a solution proves viable, we help de-risk and scale it."The goal, Timpano added, is to "forge new collaborations and show how the UAE is not just buying innovation but building it"."Everything we do is designed to grow the UAE's intellectual capital," he SolutionsSteerAI, on the other hand, seeks to drive the UAE's shift from tech importer to innovator through sovereign autonomous mobility Michael Sonderby, Acting CEO of SteerAI, told Aletihad that the company is helping drive the UAE's shift from tech importer to innovator through sovereign autonomous mobility solutions."SteerAI is a direct product of the UAE's ambition to become a global leader in advanced manufacturing and AI innovation," said Michael Sonderby, Acting CEO of an instance, its autonomous GPS-free system, CoreX, was developed at the Technology Innovation Institute (TII) and is now being deployed with partners like A2RL and Milrem Robotics."CoreX allows our vehicles to navigate unmapped terrain in real time without relying on GPS or maps," Sonderby said. "It has huge implications for defence, ISR, search and rescue, and more." SteerAI's CoreX system is designed to keep humans out of danger zones, he said. "It does not tire, get distracted, or miss signals. We detect and avoid obstacles faster than human drivers." By supporting the country's autonomous tech ecosystem, SteerAI's "goal is to contribute to the UAE's vision of becoming a global tech hub", Sonderby said.
Yahoo
a day ago
- Business
- Yahoo
Unisys Banks on License & Support Strength: Will the Momentum Hold?
Unisys Corporation UIS is leaning more heavily on its Licensing and Support (L&S) services, which emerged as a bright spot in the first-quarter 2025 performance. The company expects L&S revenues in 2025 to hit $410 million, up from previous expectations of $390 million. This upward revision is largely driven by higher consumption patterns and longer-term renewals. Clients are increasingly relying on Unisys' Clear Path Forward platforms to support AI adoption, data integration and secure workload execution. As enterprises gear up for Windows 11 migrations and AI-enabled transformations, L&S systems are regaining relevance. Unisys noted that many renewals are not only being executed earlier but are also spanning longer durations, as long as seven years. This points to deepening stickiness, especially among clients doubling down on data reliability and compute efficiency. This licensing momentum is material given ongoing softness in the ex-L&S portfolio, which includes discretionary project work and services. These segments were impacted by delayed client decisions, particularly within the public sector. With approximately 65% of annual L&S revenues projected for the second half, the back-half weighting is expected to act as a stabilizing factor for full-year revenue and cash flow outlook. Management reiterated its target for approximately $100 million in pre-pension free cash flow in 2025, supported in part by the L&S performance. Unisys' shares have gained 2.4% in the past three months compared with the industry's rise of 3.4%. In the same time frame, other industry players like AI, Dynatrace, Inc. DT and Fujitsu Limited FJTSY have gained 5.7%, 13% and 15.8%, respectively. UIS Three-Month Price Performance Image Source: Zacks Investment Research UIS stock is currently trading at a discount. It is currently trading at a forward 12-month price-to-sales (P/S) multiple of 0.15X, well below the industry average of 19.26X, indicating an attractive investment opportunity. Then again, other industry players, such as Dynatrace and Fujitsu Limited have P/S ratios of 6.66X, 8.32X and 1.75X, respectively. Image Source: Zacks Investment Research The Zacks Consensus Estimate for Unisys' 2025 earnings per share has been revised upward, increasing from 25 cents to 58 cents over the past 60 days. This upward trend indicates strong analyst confidence in the stock's near-term prospects. Image Source: Zacks Investment Research The company is likely to report solid earnings, with projections indicating a 28.9% rise in 2025. Conversely, industry players like Dynatrace, and Fujitsu Limited are likely to witness growth of 9.8%, 13.7% and 42.3%, respectively, year over year in 2025 earnings. UIS currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Unisys Corporation (UIS) : Free Stock Analysis Report Fujitsu Ltd. (FJTSY) : Free Stock Analysis Report Inc. (AI) : Free Stock Analysis Report Dynatrace, Inc. (DT) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Time of India
2 days ago
- Politics
- Time of India
UP Assembly to install AI face recognition cams, launch podcast
Lucknow: Uttar Pradesh Vidhan Sabha is set to add yet another feather to its cap when artificial intelligence facial recognition cameras will be installed in the Assembly to maintain the record of legislators. Vidhan Sabha will also begin its own podcast from the monsoon session of the UP Assembly. Initially, real-time data will be available to Vidhan Sabha secretariat that will help in assessing the timespan spent by MLAs in the House. The move will bring transparency and leave no question unanswered regarding any MLA's presence in the House. AI-enabled cameras will also ascertain the time spent by an MLA in the House, his participation under various rules of the UP Assembly and debates under various rules that he has taken part in. Preparations are in full swing for the installation of AI-enabled cameras in the UP Assembly. Vidhan Sabha Speaker Satish Mahana confirmed that data would be compiled through AI from the upcoming monsoon session of the Assembly. Though the date of the monsoon session is yet to finalised, it is likely to be held after July 20. At the national level, compiles the data of parliamentarians regarding their attendance in the House, their participation in debates and under various other rules. However, an official privy to the installation of AI-enabled facial recognition cameras told TOI that while takes data, compiles and uploads it on the website, the AI-enabled technology that would be introduced in Vidhan Sabha from the coming session would compile real-time data of each member present in the House. The AI-enabled data would include the duration for which an MLA has spoken, what he has spoken and under which rule. This will help the Vidhan Sabha secretariat and even the MLAs to have hands-on data of their performance in the House without delay. Mahana told TOI that once the AI-enabled data collection becomes operational and successful, the data would gradually be made available in public domain. Officials said that as of now it would not be available for the public as some of the statements were at times ordered from the Speaker's chair not to be taken on record or should be deleted. Once AI-generated mechanism automatically starts deleting objectionable or unwarranted comments from the proceedings, the AI-enabled data would be made available for public consumption, the official said. The Vidhan Sabha will also launch its own podcast that would have interviews with legislators regarding House proceedings. The members to be interviewed in the podcast would be shortlisted by the Speaker, officials said. Mahana said that the modalities of the podcast would be worked out gradually. The Vidhan Sabha secretariat will also provide specific video clippings of MLAs from the coming session. The clippings would be available for public consumption on the app and other mediums. "Suppose an MLA has spoken for 10 minutes on a particular topic, under certain rule, the said MLA's specific video clip would be made available in public domain. This will help the member to publish his House proceedings activity on his social media platforms and other mediums for the people of his or her constituency to see," a senior official told TOI.
NDTV
2 days ago
- Automotive
- NDTV
AI-Enabled Cameras To Spot Old Vehicles at Delhi Petrol Pumps From July 1
New Delhi: The Delhi government is all set for a crackdown on end-of-life vehicles starting July 1. Under the directions of the CAQM or (Central Air Quality Management), petrol vehicles older than 15 years and diesel vehicles older than 10 years will be denied fuel at petrol pumps. Sources in the transport department said the Delhi government has already completed the installation of Automated Number Plate Recognition cameras (ANPR) at all 500 fuel stations of the city. These AI-enabled cameras will automatically scan number plates and identify vehicles that are under the "end-of-life" category. These cameras will also be able to detect if a vehicle has a valid Pollution Under Control or PUC certificate. Once detected, such vehicles will be denied fuel. To remind the vehicle owners about these restrictions and raise further awareness, the government has also planned to launch a dedicated jingle campaign starting June 20, which will play continuously at all petrol pumps till July 10. Meanwhile, training sessions are also in progress for on-ground staff at petrol pumps to help them understand the operation of ANPR systems and the enforcement protocol to ensure smooth coordination once the rule comes into force. The move is a part of the government's action plan to curb vehicular pollution in the city. Currently vehicular emissions contribute more than 50 per cent of Delhi's air pollution. The CAQM had earlier banned the entry of all transport and commercial goods vehicles not registered in Delhi into the city from November 1. Only vehicles with BS-VI engines, CNG, LNG, and EVs, as well as vehicles transporting essential commodities were exempt.
