Accenture Plc history, profile and history video
Accenture Plc operates as an investment holding company with interest in providing management consulting, technology and outsourcing services. The company’s business is structured around five operating groups, which together comprise nineteen industry groups serving clients in major industries around the world, namely, Communications, Media and Technology, Financial Services, Health and Public Service, Products and Resources. The Communications, Media and Technology operating group provides management consulting, technology, systems integration and outsourcing services and solutions to the communications, electronics, and high technology, media and entertainment industries. The Communications industry group offers a comprehensive solutions portfolio designed to address major business and operational issues related to sales and service channels, new product innovation, network functions, corporate functions and information technology. The Electronics and High Tech industry group serves the communications technology, consumer technology, enterprise technology, semiconductor, and software and aerospace/defense segments. The Media and Entertainment industry group serves the broadcast, entertainment, print, publishing and portal industries. The Financial Services operating group focuses on the opportunities created by clients’ needs to adapt to changing market conditions, including increased cost pressures, industry consolidation, regulatory changes, the creation of common industry standards and protocols, and the move to a more integrated industry model. The Banking industry group works with retail and commercial banks and diversified financial enterprises. The Capital Markets industry group helps investment banks, broker/dealers, asset-management firms, depositories, exchanges and clearing and settlement organizations transform their businesses to increase competitiveness. The Insurance industry group helps property and casualty insurers, life insurers, reinsurance firms and insurance brokers improve business processes, modernize their technologies. The Health and Public Service operating group operates industry groups of health and public service. The Health industry group works with healthcare providers, government health departments, policy-making authorities or regulators, managed care organizations, health insurers and other industry-related organizations to improve the quality, accessibility and affordability of healthcare and it provides services designed to help public-service entities around the world increase the efficiency of their operations, improve service delivery to citizens, and reduce their overall costs to address significant budget deficits. The Public Service industry group helps governments position themselves for the future by transforming the way they deliver public services and engage with citizens. It provides services designed to help them increase the efficiency of their operations, improve service delivery to citizens and reduce their overall costs. Accenture primarily works with defense, revenue, human services, public health, postal, justice and public-safety authorities or agencies, and its clients are generally national, state or local-level government organizations, as well as pan-geographic organizations. The Products operating group operates industry groups of automotive, industrial equipment, life sciences, retail, air, freight and travel, consumer goods and services, infrastructure and transportation services. The Air, Freight and Travel Services industry group serves airlines, freight and logistics companies across all modes of transport, and travel services companies, including hotels, tour operators, rental car companies and cruise operators. The Automotive industry group works with auto manufacturers, dealers, retailers and service providers. It helps clients to develop and implement solutions focused on product development and commercialization, customer service and retention, channel strategy and management, branding, buyer-driven business models, cost reduction, customer relationship management and integrated supplier partnerships. The Consumer Goods and Services industry group serves food and beverage, alcoholic beverages, household goods and personal care, tobacco and fashion/apparel manufacturers and agribusiness and consumer health companies around the world. The Industrial Equipment industry group serves the industrial and electrical equipment, automotive supplier, consumer durable and heavy equipment industries. The Infrastructure and Transportation Services industry group serves companies in the construction, infrastructure-management and mass-transportation industries. The Life Sciences industry group works with pharmaceutical, biotechnology, medical products and other companies across the life-sciences value chain by providing services, such as large-scale business and technology transformation, targeted business performance improvement, and post-merger integration. The Retail industry group serves a wide spectrum of retailers and distributors, including supermarkets, department stores, specialty premium retailers and large mass-merchandise discounters. The Resources operating group serves the chemicals, energy, forest products, metals and mining, utilities and related industries. The Chemicals industry group works with a wide cross-section of industry segments, including petrochemicals, specialty chemicals, polymers and plastics, gases and agricultural chemical companies. The Energy industry group serves a wide range of companies in the oil and gas industry, including upstream, downstream, oil services and clean-energy companies. The Natural Resources industry group serves the metals, mining, forest products and building materials industries. The Utilities industry group works with electric, gas and water utilities. The company was founded in 1989 and is headquartered in Dublin, Ireland.“
Continuous innovation and rapid transformation have been themes throughout Accenture’s history, which the company traces to the 1950s with the installation of the first computer system for commercial use in the United States at General Electric’s Appliance Park facility.
The company built its reputation primarily as a technology consultant and systems integrator. By the late 1980s, Accenture began offering a new breed of business integration solutions to clients—solutions that aligned organizations’ technologies, processes and people with their strategies.
Throughout its history, Accenture has expanded its offerings and capitalized on evolving management trends and technologies to benefit its clients. The company pioneered systems integration and business integration; led the deployment of enterprise resource planning, customer relationship management and electronic services; and has established itself as a leader in today’s global marketplace.
Today Accenture is a global management consulting, technology services and outsourcing company, with approximately 289,000 people serving clients in more than 120 countries. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world’s most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments. The company generated net revenues of US$28.6 billion for the fiscal year ended Aug. 31, 2013.”
*Information from Forbes.com and Accenture.com
**Video published on YouTube by “AccentureIndia”