Accenture adopts German accent for AI research » Banking Technology

Accenture and the German Research Centre for Artificial Intelligence (DFKI) have formed an alliance to make the most out of artificial intelligence (AI) technologies. Accenture will get access to DFKI research results, AI tools, and its "Living Labs". Prof. Dr. Wolfgang Wahlster, CEO of DFKI, says it is seeing a "high degree of maturity for applications in the areas of smart data and services, deep learning, human-robot-collaboration and AI-based retail". According to Accenture, AI is a major growth and productivity factor for the economy, and is projected to boost labour productivity by up to 40% through "fundamentally changing how we work and reinforcing the role of people to drive growth in business". The firm adds that AI has the potential to more than double Germany's annual growth rate of gross value added from 1.4% to 3% by 2035.