S&P Global and Accenture Partner to Enable Customers and Employees to Harness the Full Potential of Generative AI

August 06, 2024 at 07:59 AM EDT

Organizations to launch Generative AI Learning Program for S&P Global’s workforce and enhance AI Development and Benchmarking to Foster Innovation in Financial Services

S&P Global (NYSE: SPGI) and Accenture (NYSE: ACN) have formed a strategic collaboration to fuel generative AI (gen AI) innovation across the financial services industry. The collaboration includes initiatives to empower customers and S&P Global’s workforce to adopt and innovate with gen AI at scale. S&P Global is equipping all 35,000 of its employees with the necessary skills to leverage this transformative technology through a comprehensive gen AI learning program that will be rolled out in August. The companies also plan to work together to enhance AI development and benchmarking solutions for the financial services industry.

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S&P Global and Accenture have formed a strategic collaboration to fuel generative AI (gen AI) innovation across the financial services industry. (Graphic: Business Wire)

The learning program will leverage services from Accenture LearnVantage, including curated and customized content to drive AI fluency for S&P Global’s workforce. It will help S&P Global effectively address the industry’s evolving talent requirements and empower employees at all levels to leverage the advantages of gen AI.

Beyond the AI learning initiative, the companies also plan to enhance AI development and benchmarking throughout the financial services industry. The collaboration will bring together Accenture's Foundation Model Services, which help companies manage and scale large language models (LLMs), with S&P AI Benchmarks by Kensho, a solution that evaluates LLMs’ performance for financial and quantitative use cases. Customers can use Accenture’s proprietary gen AI “switchboard” to select and customize models based on the business context or use case, as well as its managed services for finetuning and prompt engineering. They will also have access to S&P AI Benchmarks to evaluate the AI model’s performance and ability to solve complex financial queries via S&P Global’s standardized and transparent third-party verification. This collaboration will enable banks, insurers, and capital markets firms to strengthen the performance and efficacy of their solutions while ensuring that responsible AI is built into every use.

“AI is for everyone, and at S&P Global, we want to empower our people and our customers to adopt, build and innovate with gen AI,” said Bhavesh Dayalji, S&P Global’s chief AI officer. “Gen AI will continue to transform the financial services industry, enhancing our day-to-day work and our customer interactions. We are partnering with Accenture to ensure that our people and our customers are not only prepared for the gen AI transformation, but are ready to lead it.”

"We are excited to work alongside S&P Global to deliver innovative solutions that will drive the future of gen AI learning and benchmarking,” said Lan Guan, chief AI officer, Accenture. “An AI-ready workforce that can effectively deploy and scale the technology simply does not exist today — it must be created. Leaders like S&P Global are taking the right steps to train and upskill their people and reinvent themselves for the era of gen AI.”

Forward-Looking Statements

Except for the historical information and discussions contained herein, statements in this news release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “may,” “will,” “should,” “likely,” “anticipates,” “aspires,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates,” “positioned,” “outlook,” “goal,” “target” and similar expressions are used to identify these forward-looking statements. These statements are not guarantees of future performance nor promises that goals or targets will be met, and involve a number of risks, uncertainties and other factors that are difficult to predict and could cause actual results to differ materially from those expressed or implied. These risks include, without limitation, that the collaboration might not achieve the anticipated benefits for Accenture, as well as the risks, uncertainties and other factors discussed under the “Risk Factors” heading in Accenture plc’s most recent Annual Report on Form 10-K and other documents filed with or furnished to the Securities and Exchange Commission. Statements in this news release speak only as of the date they were made, and Accenture undertakes no duty to update any forward-looking statements made in this news release or to conform such statements to actual results or changes in Accenture’s expectations.

About Accenture

Accenture is a leading global professional services company that helps the world’s leading businesses, governments and other organizations build their digital core, optimize their operations, accelerate revenue growth and enhance citizen services—creating tangible value at speed and scale. We are a talent- and innovation-led company with approximately 750,000 people serving clients in more than 120 countries. Technology is at the core of change today, and we are one of the world’s leaders in helping drive that change, with strong ecosystem relationships. We combine our strength in technology and leadership in cloud, data and AI with unmatched industry experience, functional expertise and global delivery capability. We are uniquely able to deliver tangible outcomes because of our broad range of services, solutions and assets across Strategy & Consulting, Technology, Operations, Industry X and Song. These capabilities, together with our culture of shared success and commitment to creating 360° value, enable us to help our clients reinvent and build trusted, lasting relationships. We measure our success by the 360° value we create for our clients, each other, our shareholders, partners and communities. Visit us at www.accenture.com.

About S&P Global

S&P Global (NYSE: SPGI) provides essential intelligence. We enable governments, businesses and individuals with the right data, expertise and connected technology so that they can make decisions with conviction. From helping our customers assess new investments to guiding them through sustainability and energy transition across supply chains, we unlock new opportunities, solve challenges and accelerate progress for the world. S&P Global has been at the forefront of AI for the financial services industry since acquiring Kensho in 2018. Since then, the teams have worked closely together to deliver solutions for customers using Kensho’s core capabilities of machine learning, natural language processing, and data discovery. S&P Global aims to redefine the intelligence that powers global markets with AI, embracing the transformative potential of GenAI across the enterprise to drive innovation, speed up time to market, and build sophisticated, intuitive experiences for customers.

We are widely sought after by many of the world's leading organizations to provide credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets. With every one of our offerings, we help the world's leading organizations plan for tomorrow, today.