Accenture and Snowflake Drive Enterprise Reinvention with AI and Data

• Accenture Snowflake Business Group launched to help global enterprises, such as Caterpillar, accelerate AI and data transformation with a new generation of AI-powered solutions
• Business group will be supported by the largest certified talent pool in the ecosystem, bringing together Snowflake's enterprise-ready data and AI platform and Accenture's industry experience

Accenture (NYSE:ACN) and Snowflake (NYSE:SNOW), the AI Data Cloud company, are expanding their collaboration to scale generative AI innovation and business outcomes for clients, such as Caterpillar. With the formation of the Accenture Snowflake Business Group, announced today, the companies can help more enterprises reinvent their business models by harnessing the power of cloud, AI and data, anchored by Accenture AI Refinery™, and recent innovations such as Snowflake Intelligence and Snowflake Cortex AI.

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Accenture and Snowflake, the AI Data Cloud company, are expanding their collaboration to scale generative AI innovation and business outcomes for clients, such as Caterpillar.

"In today's rapidly evolving market, companies are under immense pressure to reinvent their operations and business models to stay ahead," said Manish Sharma, chief strategy and services officer, Accenture. "The Accenture Snowflake Business Group will help clients to better leverage Snowflake's unique foundation of reliable, accessible, contextualized data, coupled with Accenture's ability to unlock the power of advanced AI for clients faster."

"Our partnership with Accenture has empowered hundreds of organizations to unlock AI's potential and reveal previously unimaginable insights," said Sridhar Ramaswamy, CEO, Snowflake. "The Accenture Snowflake Business Group combines Accenture's industry-leading business reinvention experience with Snowflake's enterprise-ready, easy, connected, and trusted platform. This collaboration enables enterprises to achieve their full potential with AI and data, transforming how they harness data to build next-generation AI-powered applications, drive better decision-making, and maximize their data's potential for AI innovation."

Accenture and Snowflake Help Organizations Tap into Data to Accelerate AI Adoption

Leading global industrial equipment manufacturer, Caterpillar, is working with Accenture and Snowflake to unlock the full value of its operational data. This will help drive better quality in manufacturing, timely insights for finance, and improved knowledge management for complex work. The collaboration, which combines Caterpillar's IT AI Center of Excellence, Accenture's industrial manufacturing, AI and data experience and global delivery capability with Snowflake's AI capabilities, will help accelerate Caterpillar's enterprise-wide AI and data transformation.

"Our work with Accenture and Snowflake marks a major step forward in our journey to become a truly AI-and-data-driven organization," said Jamie Engstrom, CIO, Caterpillar. "Our collaboration, coupled with the Caterpillar IT AI COE, will allow us to make faster, data-informed decisions that improve efficiency, enhance quality, and deliver greater value."

Accenture Snowflake Business Group Accelerates Client Transformation

The new Accenture Snowflake Business Group builds on a long-standing partnership focused on helping clients transform their data into a core business asset. The group will be supported by more than 5,000 Accenture SnowPro-certified people – the largest certified talent pool in the ecosystem. It is dedicated to helping organizations across industries migrate to the cloud, create AI-ready data estates, and accelerate AI innovations that drive new value and business outcomes.

This is a key focus for enterprise clients: 85% of c-suite leaders plan to increase AI investments this year, with 67% viewing AI primarily as a driver of revenue growth rather than just a means to cut costs, according to recent Accenture research.

As part of the Accenture Snowflake Business Group, the companies will jointly invest in the establishment of a global Center of Excellence, where specialized Accenture and Snowflake teams will work side-by-side with clients to rapidly apply the latest technologies, and co-create new assets and solutions.

The business group will tap into Accenture's deep industry experience, business reinvention capabilities, and ecosystem relationships, as well as the Accenture AI Refinery platform. This can help clients jump-start custom data journeys and lay the groundwork for agentic capabilities, leveraging Snowflake's AI Data Cloud for scalability and governance.

Learn more about Accenture and Snowflake's partnership here.

Forward Looking Statements

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In addition, the timing and amount of costs related to our business optimization actions and the nature and extent of benefits realized from such actions are subject to uncertainties and other factors, including local country consultation processes and regulations, and may differ from our current expectations and estimates. 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.

This press release contains express and implied forward-looking statements, including statements regarding (i) Snowflake's business strategy, (ii) Snowflake's products, services, and technology offerings, including those that are under development or not generally available, (iii) market growth, trends, and competitive considerations, and (iv) the integration, interoperability, and availability of Snowflake's products with and on third-party platforms. These forward-looking statements are subject to a number of risks, uncertainties and assumptions, including those described under the heading "Risk Factors" and elsewhere in the Quarterly Reports on Form 10-Q and the Annual Reports on Form 10-K that Snowflake files with the Securities and Exchange Commission. In light of these risks, uncertainties, and assumptions, actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. As a result, you should not rely on any forward-looking statements as predictions of future events.

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About Accenture

Accenture is a leading solutions and global professional services company that helps the world's leading enterprises reinvent by building their digital core and unleashing the power of AI to create value at speed across the enterprise, bringing together the talent of our approximately 779,000 people, our proprietary assets and platforms, and deep ecosystem relationships. Our strategy is to be the reinvention partner of choice for our clients and to be the most AI-enabled, client-focused, great place to work in the world. Through our Reinvention Services we bring together our capabilities across strategy, consulting, technology, operations, Song and Industry X with our deep industry expertise to create and deliver solutions and services for our clients. Our purpose is to deliver on the promise of technology and human ingenuity, and we measure our success by the 360° value we create for all our stakeholders. Visit us at accenture.com.

About Snowflake

Snowflake is the platform for the AI era, making it easy for enterprises to innovate faster and get more value from data. More than 12,600 customers around the globe, including hundreds of the world's largest companies, use Snowflake's AI Data Cloud to build, use and share data, applications and AI. With Snowflake, data and AI are transformative for everyone. Learn more at snowflake.com (NYSE:SNOW).

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Hannah Unkefer

Accenture

+1 206 839 2172

[email protected]

Tom Hannigan

Snowflake, Partner PR Lead

[email protected]