Accenture has formed a unit called Cloud First with plans to invest $3 billion over three years to enable customers to move to the cloud and digitize operations.
The consulting giant said that Karthik Narain will lead Accenture Cloud First[1]. Narain, who will take over Oct. 1, most recently was the lead for Accenture Technology in North America.
Accenture landed $11 billion in cloud revenue in fiscal 2019 but is betting that it can grow that base faster via software as a service, platform services and migrating customers to cloud infrastructure and applications.
Julie Sweet, CEO of Accenture, said the COVID-19 pandemic has created a tipping point in cloud deployments.
Accenture Cloud First consists of multiple services and 70,000 cloud pros that will meld technology and industry know-how. The unit will integrate cloud expertise housed within Accenture and add data science and analytics capabilities as well as design. Edge computing links with the cloud will also be a big focus.
The global public cloud services market[2] is expected to grow 6.3% in 2020 to $257.9 billion.
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