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Accenture assists with industry digital transformation

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Hydrocarbon Engineering,

Accenture has formed a strategic alliance with and made a minority investment in Maana to enable industrial companies to accelerate digital transformation. The alliance will initially target oil and gas clients, with plans to expand to other industries. Terms of the investment were not disclosed.

The Maana Knowledge PlatformTM, which creates digital knowledge based on human expertise and data and augments people’s abilities to make better and faster decisions, complements Accenture’s industry expertise and capabilities. By working together, Accenture can extend its intelligent industry solutions such as digital plant operations and intelligent operations centres with Maana’s knowledge platform, which accelerates creation of knowledge models using its patented knowledge graph and artificial intelligence (AI) algorithms.

Through the use of AI and analytics within the Maana Knowledge Platform, Accenture can help clients digitise decision flows and optimise assets and operations. For oil and gas companies, this can result in better outcomes in areas that require high volume and high value judgment-based decision-making such as well planning and operations, maintenance, commodity trading and logistics.

“Knowledge-based decision-support platforms are of great interest to many of our oil and gas clients and teaming partners, some of whom are already using Maana’s solutions,” said Andrew Smart, global managing director of Accenture’s energy practice. “We will collaborate with Maana and scale these solutions to help clients take advantage of digital knowledge for operational optimisation. With the arrival of the digital Industry X.0 wave, we are already seeing a large number of use cases leveraging Maana’s platform. Furthermore, our investment will help Accenture Applied Intelligence – which combines the power of AI with Accenture’s deep industry and analytics expertise – define new ways of working with clients, using intelligent technology and human ingenuity to deliver greater business value.”

“We look forward to our new strategic alliance with Accenture as we collaborate closely to help energy and other clients in their digital transformation journeys,” said Babur Ozden, CEO and co-founder, Maana. “Our alliance indicates that digitization is becoming a critical mainstream activity at the world’s largest industrial companies and demonstrates the demand for Maana’s AI-driven knowledge technology as a key enabler of industrial digital transformation.”

This marks Accenture’s second recent investment in a technology firm to help clients solve their most complex business challenges. Last month, Accenture Ventures made a minority investment in and formed an alliance with 1QBit, a leading quantum computing firm based in Vancouver, British Columbia, to help Accenture Applied Intelligence expand its capabilities in quantum computing analytics across several industries, including energy, financial services and life sciences.

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