HFS Ranks Accenture the No. 1 Service Provider for Industry 4.0 and Its Most Critical Lever — the Internet of Things
January 22 2020 - 8:59AM
Business Wire
Accenture (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).
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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 prime
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 The HFS Industry 4.0 Service
Providers 2019 report lists the following Accenture strengths:
- Accenture’s Industry X.0 practice is a partner for the holistic
digital transformation of manufacturing, from product and services
development and engineering to production, operations and supply
chains.
- Accenture has the highest number of Industry 4.0 professionals
of the providers evaluated.
- The company has the most clients for Industry 4.0 of companies
across North America, Europe and the Asia-Pacific region.
- It also has the highest number of Industry 4.0-related
patents.
- Accenture has increased its industry and technology competency
with several successful acquisitions in the Industry 4.0
sector.
According to the HFS IoT Service Providers 2019 report,
Accenture’s IoT strengths include:
- its technical knowledge of how to engineer IoT devices and use
IoT data;
- its experience with IoT projects in the following industries:
telecommunications, media, high tech, chemicals, energy, utilities,
automotive, manufacturing and industrial equipment;
- its collaboration on IoT services with leading technology
providers and industrial companies;
- its more than 40 IoT solutions that clients can quickly apply
to, for example, mines, chemical plants, construction sites, ports,
acreages and vehicle fleets.
About Accenture Accenture is a leading global professional
services company, providing a broad range of services and solutions
in strategy, consulting, digital, technology and operations.
Combining unmatched experience and specialized skills across more
than 40 industries and all business functions — underpinned by the
world’s largest delivery network — Accenture works at the
intersection of business and technology to help clients improve
their performance and create sustainable value for their
stakeholders. With 505,000 people serving clients in more than 120
countries, Accenture drives innovation to improve the way the world
works and lives. Visit us at www.accenture.com.
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.
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Jens R. Derksen Accenture +491755761393
jens.derksen@accenture.com
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