Generative AI bookings in the first quarter were $1.2 billion and Accenture saw revenue growth across all industries.
Accenture CEO Julie Sweet said enterprises aren't increasing IT budgets for generative AI, but are looking to save money on technology and reallocate spending toward genAI and data projects.
Generative AI projects are gaining steam in the enterprise, but there's a big hurry up and wait vibe to them. Why? Enterprises operate on a continuum and don't have their ERP, cloud and data transformations complete.
Enterprises are betting on generative AI and digital transformation at the expense of other IT projects, but scaling AI is difficult and more foundational work is needed, according to Accenture CEO Julie Sweet.
Accenture said it will acquire Udacity, an e-learning platform, and launch LearnVantage, a digital education and reskilling platform.
Accenture said generative AI deals are accelerating and enterprises are focusing on transformation even as they remain cautious about the economy.
