Accenture

“If consulting or any of these companies, any of these white-collar jobs are 20% more efficient with AI, Then everyone should adopt it, and then everyone will be, then the cost of those white-collar jobs, like audit, should be reduced by 20%.”

“The core business they're in that, you know, 99%, 90% of their revenue is other consulting, and there are few markets more primed for disruption by AI than consulting in general, because it's wide-collar work. It's very, it's already been outsourced. That's wh…”

“That is like what I just described right now is 10 years of work for Accenture in every enterprise on the planet or the next gen Accenture that does this in particular industries or workflows.”

“And so I think those businesses are likely going to be in a lot of trouble over the medium term, but they probably will have a big bump from people really putting that AI into their organizations first, and so it's a bit of a tricky timeline there.”

“I think they will be more revenue generative than the foundation model companies in the next two to three years, as they often are in early stages of kind of cycles.”

“There's, they're doing 30,000 people at Accenture. [216] John Coogan: What do you mean? [216] Doug O'Laughlin: To like, [217] Doug O'Laughlin: 30, 30,000 people at Accenture are going to learn how to cloud code.”

“I think I call out Palantir because I think they realized 10 years before the rest of the kind of tech market that forward-deployed engineering and customization would be important, and I think that was a very countercultural leap at the time. You know, I, cau…”

“And her advice to me was, find what is going to give you the most credibility on the job and focus on that.”

“When Accenture And I'll name them. When Accenture said, right, we're abandoning DEI. Our mayor Sadiq Khan, who was, is obviously, you know, comes from a Pakistani background. His parents came to London as immigrants when and you know, is, is very much reflecti…”

“If you want to do well as a smaller business, we think it is a very tough market to get into unless you have a lot of connections on the sea level and you're better off verticalizing and going after specific categories like the medical industry, like plastic s…”

“So I think like Turing will probably replace companies like McKinsey, Bain, BCG, and every services company like Accenture, TCS, Wipro, Infosys, like all of these companies doing vanilla services that's going to be automated with these agentic systems.”

“We are the six person investment team that drives all of the investments that Accenture does into emerging technology companies.”

“By and large, our clients are not going to be ripping out SAP. They're not going to be ripping out their ERP system, right?”

“I'm very short Accenture and consultancies, but and the big four.”

“Accenture built 1.4 billion, booked 1.4 billion of new generative AI bookings last quarter.”

“Accenture is going to make a lot of money short-term on trans on this stuff, right? Short-term. The problem is Accenture is mostly in the business of BPO outsourcing and they're going to kind of eat themselves in doing that.”

“And so Accenture is now doing a billion dollars a quarter in what they call generative AI bookings, doing pilot projects and building stuff for big companies.”

“And especially from companies the size of Accenture, they can eat you alive with a POC. It could take a year. And so we had to get pretty opinionated about what we felt was a POC worth supporting and how we were going to measure the impact.”

“They set up a trial with 450 developers using Copilot actively for a period of time and tested that against a control group of another 200 developers. And at the end, not only, yay, did they buy Copilot and roll it out to thousands of people, but they produced…”

“Famously Accenture reported three billion dollars in in annual fees which You know, made the headlines and all the things.”

“Accenture made three dollars for every dollar that SAP sold in software because there was so much to do around change management.”

“Well, I think Llama's well set up for this, because then they can say, well, you're going to want, you don't want to use the off the shelf stuff. You want to use a custom instance.”

“The problem is you just have this power law of costs where, you know, you can't band a bunch of ten billion dollar companies together to compete with a trillion dollar company in this. You need a trillion dollar company To throw their hat in the ring, and then…”

“The May quarter over 900. So they're now at close to a four billion dollar run rate in doing, except doing generative AI work for their clients.”

“Because a million dollars gets you developing, it does not get you deploying, even from, even at Accenture's rates.”

“And I think the consultants like Accenture and McKinsey are the leading edge of this. But I think it's going to come into software very, very quickly.”

“Accenture posted 2.4 billion in revenue and OpenAI posted two billion in revenue.”

“One of the very good investment thesis, or even job Search thesis is go work for places that you love their products, that you use their products. Not, not that you know that there's this theoretical baby boomer who's gonna use this product. But be the cust…”

“So Accenture revenue from generative AI projects in the last four quarters, a hundred million dollars, two hundred million dollars, 450,000,600. Well, over, over 450 and over 600. So they've done 1.4 billion probably in the last 12 months, and 1.1 billion in t…”

“Accenture won this biggest contract for healthcare in UK. So they are connecting every single doctors and hospitals together. And there are so many vendors involved, like healthcare vendors, and they will come and deploy something and that will break the core …”

“I think Accenture is a recent one that we got where they had 88% of suggested code was retained.”

“Oh, it's still undisclosed because as you can imagine, they are listed, but I can say that was more on the hundred, the millions figure than on the fifty million figures just to.”

“No exclusively cash, because as you can imagine, they are listed, so they don't do equity swap in any case.”

“I think there are a handful of companies you need to look at exclusively because they will be the first ones to really figure out how to displace human labor. And that is TCS. So Tata Consulting Services, Accenture, Cognizant. These are all the folks That do c…”

“When I find a founder that thinks that engineers are somebody you can just do a contract with Accenture or somebody. I'm like, you're not serious about this. Come back. If you decide to get serious.”

“Some examples of those are like big professional services organizations, like Accenture is one of our big customers.”

“It's a good thing for anyone to do that's just like the self-serve folks is go look at all your thousands of self-serve users paying 29 bucks a month. Look at the domain name of signups, sort, you know, alphabetize them and then highlight conditional formattin…”

“When somebody would come out of school and go to an Accenture, they would spend two to three months at a bootcamp learning about process automation and how to serve clients and that whole process. They kind of came out of that. It's like a mini MBA type progra…”

“And while Opal is a very young project, it's not even a year old. It's already being used in production in amazing companies like Tesla, Zapier, Accenture, and others.”

“In the first year of doing that, they cut the churn by 30%.”

“And she invited me in 2014 to speak to a group of a thousand consultants on stage about mindfulness.”

“I went on to be the number one social media person at Accenture globally, our 500,000 people. Wow. Working and training our execs and clients on how to use social media for work”

“There was a hundred million dollars spent on Accenture to build the vaccination website. No bid contract.”

“Accenture is the fastest growing digital agency now.”

“If you talk to Paul Doherty, who is the CTO of Accenture, and he's been at Accenture for three decades, he says he's never seen anything grow this fast inside big businesses, right? So if you think about headcount, think about budget, like any metric you can t…”

“He's seen the rise of smartphones, and he says he has seen nothing grow as fast in businesses as AI.”

“Anything you wanted to do in insurance, you needed to set up a full back-end system. I guess you could get companies like Guidewire, get Accenture, get Oracle Database Nine, or whatever was in that sense, you know, the options. That would have cost you hundred…”

“You see you know, the Accentures and Deloitte's of the world picking up 50 to a hundred million dollar development contracts. Well, largest one we've worked on so far is about two million dollars.”

“Most of those companies, they, a really good example that with Accenture, they started with four users in six months, they got more than 400 users inside the platform, and they are even growing a lot.”

“Just before we started the company, I had sold a lot of my, not a lot, but enough of my Accenture stock. I was a, I had founder's stock at the time. Oh, great. Did well there. And sold some stock that funded our company for three years.”

“If you were to build either of those businesses today, you'd probably not build them with fancy offices and sort of, ah, you know, rainmaker partners. You'd probably build them as a platform. And in many ways, that's what I think TopTel are doing. They are bas…”