{"id":782944,"date":"2023-09-11T03:17:10","date_gmt":"2023-09-11T07:17:10","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/accenture-invests-in-open-cosmos-to-expand-access-to-satellite-data\/"},"modified":"2023-09-11T03:17:10","modified_gmt":"2023-09-11T07:17:10","slug":"accenture-invests-in-open-cosmos-to-expand-access-to-satellite-data","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/accenture-invests-in-open-cosmos-to-expand-access-to-satellite-data\/","title":{"rendered":"Accenture Invests in Open Cosmos to Expand Access to Satellite Data"},"content":{"rendered":"

<\/p>\n

Accenture Invests in Open Cosmos to Expand Access to Satellite Data<\/b><\/p>\n

PARIS–(BUSINESS WIRE<\/a>)–
\nAt this year\u2019s World Satellite Business Week in Paris<\/a>, Accenture (NYSE:ACN) announced an investment and collaboration with Open Cosmos<\/a>, a space technology company that focuses on the design, manufacturing and integration of satellites. Open Cosmos builds and operates space missions, providing access to high quality satellite data and insights on a global scale via a data services platform. The two companies will help clients track and analyze data found in space in order to help solve business challenges found on Earth, particularly related to sustainability. Accenture Ventures<\/a> led the investment as part of its broader Project Spotlight<\/a> initiative.<\/p>\n

This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20230911012332\/en\/<\/a><\/p>\n

\"At<\/p>\n

At this year\u2019s World Satellite Business Week in Paris, Accenture announced an investment and collaboration with Open Cosmos, a space technology company that focuses on the design, manufacturing and integration of satellites. (Graphic: Business Wire)<\/p>\n<\/div>\n

\nLaunching a satellite into space can take years of preparation and millions of dollars, putting the prospect out of reach for most companies. Open Cosmos democratizes access to satellite data by allowing multiple companies to retrieve data collected by one satellite, while also managing the satellite infrastructure with a proprietary platform technology that allows companies to easily collect and share data.<\/p>\n

\n\u201cAccenture sees a future where every company is able to tap into the vast potential of data captured in space in order to push past the boundaries of the possible and find new sources of innovation,\u201d said Tom Lounibos, managing director, Accenture Ventures. \u201cAlthough access to this data has traditionally been limited and costly, Open Cosmos removes these barriers with satellites that launch quickly and simply, providing fast access to data on climate changes, energy, resources, navigation and more.\u201d<\/p>\n

\n\u201cToday we stand at the edge of a paradigm shift, as numerous companies strive to democratize access to space and provide access to its valuable information,\u201d added Paul Thomas, Space Innovation<\/a> Lead, Technology Innovation at Accenture. “Open Cosmos is dedicated to helping their customers solve problems using data and insights from space. Working together, we envisage a world where space technology and data are more accessible and can be more easily harnessed and interpreted to fuel innovation and drive sustainable progress.”<\/p>\n

Accenture\u2019s 2023 Technology Vision<\/a> found that 85% of executives believe that advancements in science tech are accelerating innovation within their industry. From space industry expansion to breakthroughs in drug discovery, the feedback loop between science and technology is getting faster, with each accelerating the advancement of the other, in ways that will turbocharge scientific discovery.<\/p>\n

\n\u201cOpen Cosmos is one of the fastest growing companies in the satellite sector,\u201d said Rafel Jorda Siquier, founder and CEO, Open Cosmos. \u201cThis investment and collaboration with Accenture will help us achieve our goal of simplifying access to space using smaller satellites and ensure that a greater number of organizations all over the world can benefit from the richness of satellite data to improve sustainability, logistics and other global and business challenges.\u201d<\/p>\n

\nOpen Cosmos is the latest company to join Accenture Ventures\u2019 Project Spotlight<\/a>, an engagement and investment program that targets technology companies that can help fill strategic innovation gaps for the Global 2000. These companies co-innovate with Accenture, working with subject matter experts to adapt their solutions to the enterprise market and scale faster and more effectively. Through Project Spotlight, Accenture Ventures has recently invested in several additional satellite data and image companies, including Pixxel<\/a>, Planet<\/a>, and SpiderOak<\/a>.<\/p>\n

\nTerms of the investment were not disclosed.<\/p>\n

About Accenture<\/b><\/p>\n

\nAccenture is a leading global professional services company that helps the world\u2019s leading businesses, governments and other organizations build their digital core, optimize their operations, accelerate revenue growth and enhance citizen services\u2014creating tangible value at speed and scale. We are a talent- and innovation-led company with 732,000 people serving clients in more than 120 countries. Technology is at the core of change today, and we are one of the world\u2019s leaders in helping drive that change, with strong ecosystem relationships. We combine our strength in technology with unmatched industry experience, functional expertise and global delivery capability. We are uniquely able to deliver tangible outcomes because of our broad range of services, solutions and assets across Strategy & Consulting, Technology, Operations, Industry X and Accenture Song. These capabilities, together with our culture of shared success and commitment to creating 360\u00b0 value, enable us to help our clients succeed and build trusted, lasting relationships. We measure our success by the 360\u00b0 value we create for our clients, each other, our shareholders, partners, and communities. Visit us at www.accenture.com<\/a>.<\/p>\n

\nCopyright \u00a9 2023 Accenture. All rights reserved. Accenture and its logo are registered trademarks of Accenture.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230911012332\/en\/<\/a><\/span><\/p>\n

\nChristian Harper
\n
Accenture
\n
+1 516 434 8615
\n
christian.harper@accenture.com<\/a><\/p>\n

KEYWORDS:<\/b> New York Europe United States North America France<\/p>\n

INDUSTRY KEYWORDS:<\/b> Satellite Software Consulting Data Management Professional Services Technology Security Business<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Photo<\/b><\/font><\/td>\n<\/tr>\n
\"Photo\"<\/td>\n<\/tr>\n
At this year\u2019s World Satellite Business Week in Paris, Accenture announced an investment and collaboration with Open Cosmos, a space technology company that focuses on the design, manufacturing and integration of satellites. (Graphic: Business Wire)<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Accenture Invests in Open Cosmos to Expand Access to Satellite Data PARIS–(BUSINESS WIRE)– At this year\u2019s World Satellite Business Week in Paris, Accenture (NYSE:ACN) announced an investment and collaboration with Open Cosmos, a space technology company that focuses on the design, manufacturing and integration of satellites. Open Cosmos builds and operates space missions, providing access to high quality satellite data and insights on a global scale via a data services platform. The two companies will help clients track and analyze data found in space in order to help solve business challenges found on Earth, particularly related to sustainability. Accenture Ventures led the investment as part of its broader Project Spotlight initiative. This press release features multimedia. View the full release … <\/p>\n

Continue reading “Accenture Invests in Open Cosmos to Expand Access to Satellite Data”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-782944","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nAccenture Invests in Open Cosmos to Expand Access to Satellite Data - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/accenture-invests-in-open-cosmos-to-expand-access-to-satellite-data\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Accenture Invests in Open Cosmos to Expand Access to Satellite Data - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Accenture Invests in Open Cosmos to Expand Access to Satellite Data PARIS–(BUSINESS WIRE)– At this year\u2019s World Satellite Business Week in Paris, Accenture (NYSE:ACN) announced an investment and collaboration with Open Cosmos, a space technology company that focuses on the design, manufacturing and integration of satellites. Open Cosmos builds and operates space missions, providing access to high quality satellite data and insights on a global scale via a data services platform. The two companies will help clients track and analyze data found in space in order to help solve business challenges found on Earth, particularly related to sustainability. Accenture Ventures led the investment as part of its broader Project Spotlight initiative. This press release features multimedia. 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