Accenture Announces Winners of Inaugural ‘Industry X.0 Challenge’ for Start-ups

 

BENGALURU, July 23, 2018 

Winners get a platform to address real-life client business problems by collaborating with Accenture Ventures’ Open Innovation program  

Accenture (NYSE: ACN) has announced the winners of the first edition of Accenture Ventures Industry X.0 Challenge, which recognizes innovative technology start-ups in India with disruptive solutions for the Industry X.0 segment.

Industry X.0 is the digital reinvention of industry, where businesses use advanced digital technologies to transform their core operations, their worker and customer experiences, and ultimately their business models. New levels of efficiency are achieved in the core of R&D, engineering, production, manufacturing and business support through integrated systems, processes, sensors and new intelligence.

The winners are:

  • Detect Technologies (1st place) – for its intelligent asset-monitoring solution. With a heavy focus on intellectual property, this IIT Madras-incubated start-up has developed technology that is being adopted in the biggest process plants in India and internationally.
  • Ecolibrium Energy (2nd place) – for its Internet of Things (IoT)-based predictive asset intelligence platform, SmartSense, which uses predictive analysis to help industries improve their equipment efficiency and uptime and their productivity.
  • SatsSure (3rd place) – which uses satellites, artificial intelligence (AI) and Big Data to enable insight-driven decision making across a variety of sectors, including agriculture, infrastructure, banking and insurance, among others.

These start-ups will receive mentorship as part of Accenture Ventures’ Open Innovation Partner program, as well as the opportunity to engage with Accenture to gain access to real-life client challenges and use cases and to pitch their solutions to CXOs of Accenture’s clients. They will also join a special Industry X.0 cohort with Accenture Ventures and Open Innovation at the Accenture Innovation Hub in Bengaluru.

“Industry X.0 is about using the right combination of technologies to drive innovation and growth – which is particularly important given that our research shows that a piecemeal approach to technology adoption keeps many organizations from getting the most out of digital technologies,” said Avnish Sabharwal, Managing Director of Accenture Ventures India. “With the Industry X.0 Challenge, we are identifying innovative start-ups in India that can help businesses make the shift from industrial manufacturing to producing and delivering digital products and services.”

The first Accenture Ventures Industry X.0 Challenge received more than 150 entries from start-ups in India across four categories: supply chain and logistics; R&D and engineering solutions; manufacturing and production; and support and services. The top three start-ups were chosen from a final group of 12 participants in the Grand Finale, which showcased solutions combining a variety of technologies, including analytics, AI, blockchain, computer vision, cybersecurity, extended reality, IoT, robotics, telematics and 3D printing.

All entries underwent an extensive evaluation process, and the finalists were evaluated by an eight-member jury comprising CXOs of large Indian businesses, multi-national corporations, the venture-capital community, and Accenture.

A key component of the Accenture Innovation ArchitectureAccenture Ventures partners with and invests in growth-stage companies that create innovative enterprise technologies using an open innovation approach.

About Accenture

Accenture is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology and operations. Combining unmatched experience and specialized skills across more than 40 industries and all business functions – underpinned by the world’s largest delivery network – Accenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders. With 449,000 people serving clients in more than 120 countries, Accenture drives innovation to improve the way the world works and lives. Visit us at www.accenture.com.

Contact:
Kiran Balasubramanian
Accenture
[email protected]

Priyanka Nair
[email protected]
+(91)-9538688861
Senior Associate
Genesis Burson Marsteller Public Relations Pvt Ltd

SOURCE Accenture

 




I want to grow my online platform to create awareness about ethical consumerism, environmentalism, and the plant-based lifestyle. My main mission is to share information that empowers people to make better choices and create a VEG NEW WORLD :)


Your support is vital and is helping me share the collected information with thousands of readers and viewers. I try to deliver exclusive stories and relevant content in a challenging commercial environment. Your contribution helps me to cover the costs that my service requires. Please consider contributing (no matter how small) to keep the information flowing so you can remain informed and have life changing interviews and stories to share.

Related articles

Betty Tűndik
Betty Tűndikhttps://vegnew.world
Hi everyone! Nice to e-meet you! Here are a few things you should know about me. I am a conscientious, open-minded, adaptable to new experiences, and ambitious Business Development Manager with a Bachelor's Degree in Economics - Banking, Finance, and Accountancy. Through my studies, I've also obtained many naturopathic and nutrition degrees as well. Part-time jobs have added marketing, network marketing, event management, and store management skills to my experience throughout my career. Throughout my career, I have also been a Hotel Manager and owned a Bar/Restaurant & Internet Cafe. My online marketing and social media interactivity experience was gained when I and my husband started a business with an online/organic webshop & healthy lifestyle consultancy. I've improved my English at Cambridge Academy of English - 2003, in Cambridge. I live a conscious lifestyle, and try to protect the ecosystem. Animal lover and capable of helping others without judgment or negative reactions, this is thanked my knowledge in holistic therapies and the naturopathy courses I've followed. I cannot leave for my spiritual growth and the continuous development in alternative and holistic therapies, so I'm learning at Kyron School of New Consciousness, receiving a Bio Energo-therapist diploma. Thanks to all my experiences I've decided to venture into publishing and writing, while also continuing to learn many new things daily. I hope you enjoy reading my hand-picked news and check back for my weekly articles.