Accenture Upskills 500,000 Employees to Meet Growing Demand for AI Consulting

Accenture plc (NYSE:ACN) is one of the best stocks for a dividend stock portfolio.

The company recently announced that it has equipped 500,000 of its employees with skills in generative artificial intelligence, responding to rising demand for services in this space.

A team of data experts gathered around a computer monitor analyzing customer data.

According to CEO Julie Sweet, the company’s generative AI-related revenue has jumped to $2.6 billion over the past six months, a sharp rise from $300 million in the initial half-year after ChatGPT’s 2022 launch.

Sweet made the following comment:

“When you think about the scale of that transformation in the last 2.5 years – you can see that we’ve really focused on rotating all of our offerings, rotating how we deliver for our clients and, of course, using it to operate ourselves.”

Globally, consulting and professional services firms have been adopting generative AI to cut down on repetitive and time-consuming tasks traditionally handled by junior staff. At Accenture, consultants are now using the technology to automate routine duties such as creating presentations, Sweet noted. She further stated:

“By being able to use some of the work that is pretty rote in terms of the presentation – we’re able to mentor our young leaders about the underlying content more. They’re actually able to focus and do more shadowing of senior leaders.”

Accenture plc (NYSE:ACN) is a global professional services firm that offers consulting, technology, and outsourcing solutions to both businesses and government entities. The company supports clients in areas such as system integration, strategic planning, and enhancing operational efficiency, all with the goal of helping them achieve greater success.

While we acknowledge the potential of ACN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: Dow 20 Stocks List: Ranked By Hedge Fund Bullishness Index and 10 Unstoppable Dividend Stocks to Buy Now

Disclosure. None.