Accenture Invests in Cintoo: Executive Perspectives
In a prepared statement about the investment, Accenture Ventures Managing Director Tom Lounibos said:“Our investment in Cintoo demonstrates Accenture Ventures’ ongoing commitment to nurturing the development of advanced technologies that can drive better business results for our clients. Our research shows that as more of the physical world is represented in a digital space, enterprise leaders will need to be able to bring data and intelligence together and experiment in a risk-free environment. Facilitating this will ultimately transform how companies operate, collaborate and innovate. We believe that Cintoo’s cloud-based offerings are uniquely positioned to help organizations translate physical data and create digital environments that increase real-time agility and efficiency at scale.”
“The global market for digital twin capabilities is projected to reach $48bn by 2026. As that market grows, complexity and connectivity challenges around reality data capture and translation will also increase, driving the need for solutions that can make the data more accessible and efficient. Accenture Ventures’ investment will help accelerate our mission to address the growing global need for cloud-based solutions that provide reality data on-demand.”
“Increasingly, organizations are creating digital twins of plants, products, supply chains and more to redefine the things they make and how they make them. However, to fully realize the benefits of these living models, companies must be able to draw upon 3D data capture. Cintoo not only provides direct, cloud-based access to store and manage this data, but also allows companies to analyze and interact with it for optimal business results.”
