Technology consultancy firm Accenture has acquired Ahmedabad-based Byte Prophecy, an automated insights and big data analytics company, to power its enterprise-scale artificial intelligence and digital analytics capabilities.
The acquisition will add nearly 50 data science and data engineering experts, with a particular focus on insight automation, to Accenture Applied Intelligence, the company said in a statement.
With the acquisition, the company aims to deepen its existing consulting and technology capabilities in the fields of data foundations and advanced analytics.
The financial details of the deal were not disclosed.
“Our experience working with Accenture has helped us better understand customer pain points and fine-tune our solution to respond with greater agility to clients’ needs. The opportunity to become part of Accenture Applied Intelligence will enable us to jointly build stronger assets and expand our services to more clients in the emerging markets, Mrugank Parikh, co-founder, Byte Prophecy, said.
The startup was founded in 2016 by Parikh, Adityavijay Rathore, Darshit Shah and Manish Patil, all of whom have worked with US-based big data analytics firm Guavus (now owned by Thales) in the past.
Byte Prophecy acts as a single platform to help enterprises with the collection, transformation, and processing of augmented analytics and automated alerts. Its flagship product MonitorFirst provides visibility to an enterprises data, delivers automated insights and help them with production and dispatch planning.
The company was part of Microsoft’s ‘Highway to a Hundred Unicorns’ programme, a startup initiative from the Redmond-headquartered technology giant to help entrepreneurs build and scale businesses by leveraging its cloud platform, enterprise sales team and partner ecosystem.
“Our team has already been working with Byte Prophecy over the past two years, and together we’ve helped clients build the strong data foundations that are the cornerstone for successful AI adoption,” Athina Kanioura, Accenture’s chief analytics officer and global lead for Applied Intelligence said.
Applied Intelligence is Accenture’s AI offering to enterprises. The platform aims to enable its clients to make use of AI without the need for deep data science expertise. It offers organisations and non-data scientists the tools and data required to apply pre-configured self-learning industry solutions to help them assemble applications.
Accenture has made four acquisitions in the past year for its Applied Intelligence division such as Analytics8 from Australia, Pragsis Bidoop in Spain, Clarity Insights in the US, and UK-based Mudano.