Accenture opens second Innovation Hub in India
Accenture has opened a 300,000 square foot Innovation Hub in Hyderabad, India. The hub is the second of its kind in the country, and home to Accenture’s first Nano Lab across the entire Asia Pacific (APAC) region.
The global management consultancy’s only other Indian Innovation Hub is situated in Bengaluru, and the expansion is indicative of the firm’s increasing emphasis on the Indian market. The firm has achieved remarkable growth in India over recent years, eating into the market share of IT stalwarts.
Accenture India Managing Director Rekha Menon recently highlighted how India’s business environment has been exceptionally receptive to the Industry 4.0 paradigm, and Accenture’s goal has been to become a household name in this landscape. The firm is looking to ride the wave of innovation that is growing in momentum across India.
The new Hyderabad Innovation Hub is another means to this end. The centre has been designed to facilitate collaboration between professionals and clients across all stages of the innovation life cycle. This extends from the ideation phase to prototyping and subsequently scaling new products for market entry.
More than 2,000 professionals will be accommodated in the new hub, indicating the scale of activities that Accenture is aiming for. Professionals at the hub hail from a variety of backgrounds, ranging from experts in artificial intelligence, automation and augmented reality, to blockchain specialists.
The hub also boasts Accenture’s first Nano Lab in the APAC region, where professionals can access advanced tech research being conducted in Accenture Labs across the globe. According to group chief executive at Accenture Technology Services Bhaskar Ghosh, the new hub is designed to facilitate significant value creation and disruptive innovation.
“Our research shows that organisations are struggling to achieve their innovation goals, due to the lack of an enterprise-wide strategy for technology investments and adoption,” he said.
Accenture’s determination to fill this gap is exemplified by the firm’s activities across the country. In September last year, Accenture opened an Experience Activation Centre (EAC) in Mumbai, one of only a handful of state-of-the-art facilities across the globe, designed to support businesses with their digital branding and marketing solutions.
The firm is also active in promoting young professionals and innovative startups in India.
