Accenture to Set Up First of its Kind 'AI Refinery Engineering Hub’ in Singapore

November 26, 2024

Accenture to Set Up First-of-its-Kind 'AI Refinery Engineering Hub' in Singapore

The hub will conduct applied research to drive AI-led innovation and intellectual property development in Singapore

Singapore; Nov. 26, 2024 - Accenture (NYSE: ACN) today announced the establishment of an AI Refinery Engineering Hub. The hub is designed to drive AI-led innovation and intellectual property development for the region and is supported by the Singapore Economic Development Board (EDB).

Building on its recently announced AI Refinery™️, the hub is an extension of Accenture's Center for Advanced AI in Singapore and was launched as part of its global USD$3 billion investment to advance the use of AI. The engineering hub will offer a range of programs designed to develop local talent and equip enterprises with the skills and knowledge needed to excel in the rapidly evolving field of AI, including the design and development of foundation models and responsible AI practices.

The engineering hub will provide a collaborative environment with end-to-end generative AI services for research, development and deployment of custom models to help organizations meet their unique needs such as improving business processes or creating new products and services. It will conduct applied research in industries such as healthcare, financial services, public sector, energy, and sustainability. It will bring together Accenture's global network of AI experts with researchers in the regional AI ecosystem in areas like LLM technology architecture, AI infrastructure architecture, AI/ML computational science, and responsible AI.

"Artificial intelligence and generative AI present an unparalleled opportunity to reinvent businesses for profitability and growth," said Ramine Tinati, a managing director and APAC lead for Accenture Center for Advanced AI. "It's an area that's full of possibilities, and foundation models hold the key. The Accenture's AI Refinery Engineering Hub will provide pathways for enterprises to make breakthroughs in the application of AI and scale it responsibly."

"Accenture's AI Refinery Engineering Hub builds on the capabilities of its Centre for Advanced AI and will serve as a valuable platform for our AI talent to embark on impactful applied research. We look forward to partnerships between the Lab and our local ecosystem in creating and deploying custom AI solutions that can address global challenges and opportunities," said Junie Fo, Vice President, Commercial & Professional Services, EDB.

About Accenture
Accenture is a leading global professional services company that helps the world's leading organizations build their digital core, optimize their operations, accelerate revenue growth and enhance services-creating tangible value at speed and scale. We are a talent- and innovation-led company with 774,000 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. Our broad range of services, solutions and assets across Strategy & Consulting, Technology, Operations, Industry X and Song, 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 accenture.com.

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Contact:

Yasmin Quek
Accenture
+65 6410 8216
[email protected]