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AI Eye Episode 458: Accenture (NYSE: $ACN) Completes Acquisition of N3 and FactSet (NYSE: $FDS) Enters Agreement for Truvalue Labs Acquisition

 

Point Roberts, WA and Vancouver, BC - October 21, 2020 (Investorideas.com Newswire) Investorideas.com (www.investorideas.com), a global investor news source covering Artificial Intelligence (AI) brings you today's edition of The AI Eye - watching stock news, deal tracker and advancements in artificial intelligence.

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AI Eye Episode 458: Accenture (NYSE: $ACN) Completes Acquisition of N3 and FactSet (NYSE: $FDS) Enters Agreement for Truvalue Labs Acquisition

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Today's Column - The AI Eye - Watching stock news, deal tracker and advancements in artificial intelligence

Stocks discussed: (NYSE:ACN) (NYSE:FDS)

Accenture (NYSE:ACN) has completed its acquisition of N3, described in the press release as "business-to-business (B2B) sales firm that combines specialized talent with artificial intelligence (AI) and machine learning (ML) capabilities to enable smarter, more efficient sales interactions." The acquisition brings 2,200 employees from N3, and will combine "N3's cloud-based AI/ML technology with Accenture's SynOps platform" to "give Accenture the ability to aggregate millions of interaction points into actionable insights to help clients drive sales growth." Manish Sharma, group chief executive of Accenture Operations, commented:

"Bringing N3 into the Accenture family will better enable us to help companies influence purchasing decisions at critical stages. Together, our real-time insights will augment decision-making, deepen sales interactions and help our clients achieve sustainable growth. We are excited about the potential of what Accenture and N3 can achieve together."

FactSet Research Systems Inc. (NYSE:FDS) has entered into a definitive agreement to acquire Truvalue Labs, Inc., described in the press release as "a pioneer in AI-driven environmental, social, and governance (ESG) data." Commenting on the news, FactSet CEO Phil Snow said:

"Truvalue Labs provides detailed and actionable ESG scores backed by a credible body of academics. ESG funds have seen record inflows this year and client demand for valuable, up-to-date ESG signals is high. Combining Truvalue Lab's offering with FactSet's content and technology suite will add value across our businesses. We believe this acquisition will yield compelling results for both firms and our joint client bases."

European AI in Fashion Market to Reach $933.9 Million in 2027

A report published by ReportLinker finds that the European market for Artificial Intelligence in Fashion will grow from $69.2 million in 2018 to $933.9 million in 2027 with a compound annual growth rate (CAGR) of 34 percent in the forecast period 2019-2027. An excerpt from the report summary reads:

Availability of massive amount[s] of data due to increasing proliferation of digital services such as Chatbots and increase[s] in operational efficiency & sales through intelligent automation is driving [the] artificial intelligence in fashion market['s] growth. In addition, [the] implementation of natural language programming (NLP) [in the] fashion industry pose[s] significant opportunities for artificial intelligence in fashion market vendors. The fashion industry across the globe is embracing and investing in disruptive technologies such as IoT, AI, predictive analytics, and big data, among others. This increasing adoption is driven by the successful implementation of AI, which resulted in enhanced operational efficiency, increased sales revenue, and improved customer experiences.

Sam Mowers, Investorideas.com

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