Accenture announced the launch of Accenture LearnVantage to provide its clients with comprehensive technology learning and training services that will help them reskill and upskill their people in technology, data and AI to reinvent their organizations and achieve greater business value. The new service is designed to help leaders across industries and governments quickly identify gaps in relevant skills being created by advances in technologies and then provide the industry-specific training needed to fill those gaps at speed and scale. This includes delivering highly personalized learning experiences for a wide range of technical and business users, from specialized AI and data science, cloud and cyber security training for IT professionals to Gen AI training for board and C-suite members and business leaders.
The company will invest $1 billion in Accenture LearnVantage over three years and has agreed to acquire Udacity to build on and scale for clients Accenture’s deep experience in learning and training and meet rising demand for technology skills, including generative AI. According to Accenture research, business leaders say their No. 1 challenge is their inability to upskill their workforces, with 51% of organizations starting to see negative impacts from worsening IT skills shortages. In addition, 94% of workers say they want to learn new skills to work with generative AI, but only 5% of organizations provide gen AI training at scale.
“We are passionate about helping our clients become ‘talent creators’—with people at the center of their reinvention using technology, data and AI—and a critical part of that is investing in industry-specific training and technology skills development,” said Julie Sweet, chair and CEO, Accenture. “We are scaling Accenture’s deep capabilities as a world-class learning organization to help our clients meet their business growth objectives and enable their people to develop the relevant skills they need to make the most of the opportunities that technological change is bringing.”
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Accenture has helped many enterprises upskill their workforces for business reinvention, including biopharmaceutical company Merck, known as MSD outside of the United States and Canada.
“Digital, data, analytics and AI are touching every part of what we do as a company as technology plays a pivotal role in discovering, developing, manufacturing, and providing access for patients to medicines and vaccines,” said Dave Williams, executive vice president, chief information and digital officer, Merck. “To continue delivering on our promise to use the power of leading-edge science to save and improve lives around the world, we are developing and investing in our people. We have launched a groundbreaking generative AI training program for our employees in partnership with Accenture to create world-class digital leaders.”
Accenture invests more than $1 billion per year in a wide range of learning and training for its more than 700,000 people, delivering approximately 40 million training hours annually. For example, training is helping Accenture achieve its goals to double its deeply skilled Data & AI practice professionals to 80,000, and the company is rolling out training for 250,000 technology professionals by the end of fiscal 2024. Accenture has already trained more than 600,000 of its people in the fundamentals of AI.
SOURCE: Businesswire