Unprecedented Boom in Data Analytics & AI M&A
The past few years have seen a significant rise in data analytics and AI acquisitions, with Accenture, IBM, Databricks, and Snowflake among the active players. As per AIM, this year alone witnessed 25+ acquisitions in data science, analytics, and AI services, much more compared to last year, which saw about 15 major acquisitions.
Here’s a glimpse of the top acquisitions that took place over the last few years.
Accenture on AI & Analytics Acquisition Spree
Accenture has invested approximately $2.5 billion across 25 acquisitions. Some of the recent and most prominent ones include Flutura, which it acquired to strengthen its industrial AI services for clients in the energy, chemicals, metals, mining and pharmaceutical industries, and Nextira, to unleash cloud-native initiatives and OnProcess Technology in order to enhance inventory management and solve complex services challenges using AI.