Ireland-based IT services and consulting firm Accenture said it will be acquiring Bengaluru-based industrial AI company Flutura for an undisclosed sum.
According to the company’s statement, The acquisition would strengthen Accenture’s industrial AI services to increase the performance of plants, refineries, and supply chains while also enabling clients to accomplish their net zero goals faster.
The IT giant said it plans to bring Flutura’s capabilities to clients in the energy, chemicals, metals, mining, and pharmaceutical industries.
Flutura said it has around 110 professionals that specialize in industrial data science services for manufacturers and other asset-intensive companies. Its AI platform provides self-service solutions for advanced analytics.
The Bengaluru-based firm claims that its solutions help process, asset management, and reliability engineering teams assess, predict, and improve the asset performance, reliability, throughput and energy efficiency outcomes of production and manufacturing facilities.
Senthil Ramani, senior managing director & Accenture Applied Intelligence lead for Growth Markets, said, “Flutura democratizes AI for engineers, enabling manufacturing and other asset-intensive companies with the carbon intelligence to reduce emissions, energy consumption and lost output due to unplanned downtime of industrial assets. This acquisition will power industrial AI-led transformation for our clients globally and particularly in Australia, South-East Asia, Japan, Africa, India, Latin America and the Middle East.”
Krishnan Raman, CEO at Flutura, said, “Our AI platform enables engineers to respond with agility to everchanging market and operating conditions. We look forward to scaling this as part of Accenture and helping more industrial clients achieve high-value outcomes in their production operations.”
Source @Indianstartupnews
