Tech Explained: Here’s a simplified explanation of the latest technology update around Tech Explained: Faculty founder named Accenture CTO after acquisition in Simple Termsand what it means for users..
Faculty AI co-founder and chief executive Dr Marc Warner is set to become the chief technology officer of consulting giant Accenture following the completion of its acquisition of the AI firm.
Founded in 2014, Faculty offers AI strategy, safety, design and implementation services to companies and public sector group looking to implement the technology.
Its acquisition by Accenture, first announced in January, has been completed as of Monday, with Warner now expected to assume the CTO position as Accenture centres AI support as a key element of its professional services strategy.
“As AI advances rapidly, the next few years will be hugely consequential for the world,” said Warner.
“For any company that isn’t AI-native, thriving will mean a difficult process of adaptation. To succeed, they need partners with an unusual set of capabilities: deep technical expertise, plus the ability to deliver transformation at scale. Together with Accenture, we have created one of the few organisations in the world equipped to lead this historical transition.”
As a result of the acquisition, more than 400 staff from Faculty will join Accenture to support its AI implementation offering.
“Now that Faculty is part of Accenture, we will further advance our strategy to be our clients’ reinvention partner of choice and lead in the safe, widespread adoption of AI,” said Julie Sweet, Accenture chair and chief executive.
“I look forward to working with our new CTO Marc Warner to shape our technology strategy and execution and attract the best talent in the world to meet our clients’ needs.”