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HFS Ranks Accenture the No. 1 Service Provider for Industry 4.0 and Its Most Critical Lever - the Internet of ThingsAccenture (News - Alert) (NYSE: ACN) collected no. 1 rankings in two recent reports by industry analyst firm HFS Research. The first report covers services providers for Industry 4.0; the second assesses service providers for the Internet of Things (IoT). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200122005050/en/ Accenture is ranked the no. 1 service provider for Industry 4.0 by HFS Research. © 2020 HFS Research According to HFS Research, Industry 4.0 - also called the fourth industrial revolution - is the growing effect automation and data exchange technologies have on manufacturing. These technologies can make manufacturing more productive, reduce its cost, help get products and services to the market quicker and personalize them for a large number of customers. "The ongoing digitization deeply affects industrial companies on many levels," said Nigel Stacey, global lead of Accenture Industry X.0. "Technologies like the IoT shift the value of a product from hardware to software. They also enable industrial facilities that are more and more autonomous. These are significant changes, so companies look to service providers for answers and support. Our double recognition by HFS shows Accenture has become the pime address for businesses wanting to take full advantage of Industry 4.0." IoT has become the most critical lever for Industry 4.0 as it forms the backbone for most of the other Industry 4.0 technologies applications, according to HFS. IoT services "either save or make money for a client by employing connected sensors attached to 'things' (…) to determine their current state or how their state has changed with time," based on the data the sensors generate. "Intelligent devices, industrial facilities, vehicles, and homes all run on the IoT," said Craig McNeil, a managing director at Accenture Industry X.0. "But to drive real value from it, companies need to treat it like one tool in a toolbox and use it in conjunction with other important tools, such as advanced analytics and artificial intelligence." "Accenture leads the way on taking clients towards Industry 4.0, which is a complex concept comprising technical advancements in manufacturing, emerging technologies and applications," said Tapati Bandopadhyay, Research Vice President, HFS Research. "Instead of a tech-focused, piecemeal projects view, Accenture takes a holistic, business-first approach that adopts best practices to drive clients' transformation from traditional to digital."
Details from both reports
According to the HFS IoT Service Providers 2019 report, Accenture's IoT strengths include:
About Accenture
Accenture Industry X.0 helps businesses master the digital reinvention of industry when they use advanced digital technologies to transform core operations and unlock new revenue streams and business models. We support every aspect of our clients' multi-phase transformation, including workforce, customer experience, R&D, engineering, manufacturing, business support, and ecosystems. Visit https://www.accenture.com/us-en/services/industryx0-index. This document makes descriptive reference to trademarks that may be owned by others. The use of such trademarks herein is not an assertion of ownership of such trademarks by Accenture and is not intended to represent or imply the existence of an association between Accenture and the lawful owners of such trademarks. Copyright © 2020 Accenture. All rights reserved. Accenture and its logo are trademarks of Accenture. View source version on businesswire.com: https://www.businesswire.com/news/home/20200122005050/en/ |