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Accenture acquires AI/ML, Big Data firm Pragsis Bidoop

Accenture acquires AI/ML, Big Data firm Pragsis Bidoop

Accenture announced the acquisition of Artificial Intelligence, Machine Learning and Big Data specialized firm, Pragsis Bidoop. The financial terms of the transaction are not disclosed.

Founded in 2004 and headquartered at Madrid, Spain, Pragsis Bidoop, has Ibex-35 clients in Spain and major player in Artificial Intelligence, Machine Learning and Big data market in Spain. The company specializes in service provisioning for corporations in a range of industries, from banking and insurance to retail, energy, railway, public sector, and pharma. The company has raised Euro 2 Million in two funding rounds, according to CrunchBase.

Executive Opinion

Chief analytics officer and global lead for Applied Intelligence at Accenture, Athina Kanioura, said, "Accenture Applied Intelligence is experiencing strong demand and we are laser-focused on equipping our teams with the right blend of talent and technical skills to guide clients on their AI journey. As we continue to grow the business, the Pragsis Bidoop team will play a critical role in the European market and beyond."

CEO and co-founder of Pragsis Bidoop, Pedro Agudo,  said, “We are delighted to bring together an outstanding team with unique capabilities, experience and passion. By joining Accenture, we can help change de game in the AI and big data solutions space, helping our clients to really leverage the new era of artificial intelligence as a key opportunity to boost their business. Accenture Applied Intelligence employs more than 20,000 professionals, working to help clients scale AI, including 6,000 data scientists, data engineers and AI professionals worldwide. It has received several recognitions from leading industry analyst firms in the past six months, including being named a worldwide leader in AI vendor services by IDC and ranking first in Google AI services by HfS."

Accenture's acquisition of Pragsis Bidoop

Pragsis Bidoop brings deep machine learning, artificial intelligence, and big data engineering talent to Accenture’s Applied Intelligence business.  The acquisition helps Accenture offer its enterprise clients to scale AI, analytics and automation deployments to make data-driven decisions, the announcement notes. Accenture's Applied Intelligence has more than 20,000 AI and data science professionals.

Accenture also gets an edge in European and Latin American markets with Pragsis Bidoop acquisition. The acquisition enhances Accenture's digital transformation framework Industry X.0 with newer data solutions. These big data and AI solutions for digital twins, machine learning to optimize manufacturing processes, and advanced predictive models to reduce errors and maintenance costs, the announcement notes.

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Mandar is a seasoned software professional for more than a decade. He is Cloud, AI, IoT, Blockchain and Fintech enthusiast. He writes to benefit others from his experiences. His overall goal is to help people learn about the Cloud, AI, IoT, Blockchain and Fintech and the effects they will have economically and socially in the future.

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