Accenture And Kraken Technologies Spearhead Digital Transformation For EDF's UK Operations: Details

Written by Emily J. Thompson, Senior Investment Analyst

Source: Benzinga

Updated: Jun 03 2024

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AIBU+6.57%

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Should l Buy AIBU?

Source: Benzinga

Deal with Kraken Technologies: Accenture plc signed a deal with Kraken Technologies to assist EDF’s U.K. retail business in speeding up customer migration to a new platform.
Accelerating Global Adoption of Smart Energy Products: The collaboration aims to boost the global adoption of smart energy products, including wind farms and smart meters, using an AI-enabled tech platform.
Integration of Energy Value Chain: The platform integrates the energy value chain, enabling utilities to reduce costs, manage energy usage efficiently, and improve services by incorporating data like energy usage, industry data, and weather forecasts.
Focus on Strengthening Digital Core: Accenture emphasizes the importance for utilities to strengthen and modernize their digital core to manage industry changes effectively and enhance customer satisfaction.
Accenture's Role in Business Transformation: The partnership between Accenture and Kraken demonstrates how they help clients like EDF reinvent their businesses to drive agility and create new value for customers.

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Analyst Views on AIBU

Wall Street analysts forecast AIBU stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AIBU is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

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About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

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