New company will promote existing and future businesses with advanced technologies including artificial intelligence
Accenture (NYSE: ACN) and Sumitomo Chemical have established a joint venture SUMIKA DX ACCENT, which began operations today. The joint venture will leverage the power of artificial intelligence (AI), data analytics and other technologies to transform operations and create new businesses at Sumitomo Chemical Group. It is 80% owned by Sumitomo Chemical and 20% by Accenture.
Using Accenture’s industry and digital-transformation experience, the joint venture will optimize the company’s supply chain and promote intelligent automation in its operations, using AI, data analytics and robotic process automation.
Accenture’s role includes consulting services and delivering a practical training program to help develop talent in digital technologies and intelligent operations.
Masafumi Takei, managing director of Resources at Accenture in Japan, said, “In order to lead the digital transformation successfully, it is essential to reimagine businesses and operations and strengthen the talent using technology such as data analytics and AI; it’s not about just adopting new technology for technology’s sake but rather about choosing the right solutions and making sure people are comfortable using them. Accenture will leverage our deep industry expertise and ingenuity to ensure that the joint venture serves as a digital innovation engine for Sumitomo Chemical Group.”