Accenture agrees to buy Indian industrial AI specialist Flutura

Accenture has agreed to acquire industrial artificial intelligence (AI) company Flutura, headquartered in Bangalore, India. Flutura Accenture says will strengthen its industrial AI services to increase the performance of plants, refineries, and supply chains while also enabling clients to accomplish their net zero goals faster. Accenture plans to bring Flutura’s capabilities to clients in the energy, chemicals, metals, mining, and pharmaceutical industries. Existing Flutura industrial clients include TechnipFMC and Shell.

The statement said Flutura’s approximately 110 professionals specialise in industrial data science services for manufacturers and other asset-intensive companies. “Its AI platform provides self-service solutions for advanced analytics. The solutions help process, asset management and reliability engineering teams assess, predict, and improve the asset performance, reliability, throughput and energy efficiency outcomes of production and manufacturing facilities. Industrial engineers and data scientists can also quickly develop digital models of industrial assets on Flutura’s AI platform, which processes data from disparate IT and operations technology systems.”

Senthil Ramani, Senior Managing Director and Accenture Applied Intelligence lead for Growth Markets, said: “Flutura democratises AI for engineers, enabling manufacturing and other asset-intensive companies with the carbon intelligence to reduce emissions, energy consumption and lost output due to unplanned downtime of industrial assets. This acquisition will power industrial AI-led transformation for our clients globally and particularly in Australia, South-East Asia, Japan, Africa, India, Latin America and the Middle East.”

Krishnan Raman, Chief Executive Officer at Flutura, added: “Our AI platform enables engineers to respond with agility to everchanging market and operating conditions. We look forward to scaling this as part of Accenture and helping more industrial clients achieve high-value outcomes in their production operations.”

Related to mining and construction, Flutura also has existing relationships with heavy equipment groups. Its Cerebra SignalStudio™ is an AI platform for IIoT, tuned to integrate and analyse machine data in a manner to drive business outcomes through pre-built verticalised apps. Cerebra’s ability to rapidly create analytical asset and process twins it says helps rapidly integrate machine data and to provide advanced diagnostics and prognostics solutions. It has partnered with Japan’s Hitachi High-Tech Solutions on this solution, as an example.