A study by Accenture shows only 27 percent of businesses have a strategy for IoT and many lack the capabilities needed to pivot their business models at speed and scale to harness IoT innovation. Now, Accenture is heeding its own warning. The consulting firm has bought Altitude, a multiple IDSA International Design Excellence Award (IDEA) winner, to better position Accenture to help companies rapidly develop IoT business models and capture new revenue streams in the connected products and services market.
Altitude will enhance Accenture’s Connected Product Lifecycle Services practice in North America and help establish a Connected Products Studio in Boston, which is an emerging hub for IoT innovation. “The addition of Altitude strengthens Accenture’s position as a premier innovation partner for companies looking to seize the opportunities in the new connected world. Together we will provide the vision and end-to-end capabilities to help clients become disruptors and innovate at the speed of a start-up, but with less risk,” says Brian Doyle, Accenture’s managing director for Connected Product Innovation in North America.
“Altitude has helped companies invent and change the way they deliver goods and services for the future such as: integrating robots into homes; redefining mobility for aging populations; personalizing consumer experiences; and turning an industrial equipment company into a service provider,” says Brian Matt, Altitude’s founder and chair. “Together with Accenture, we can amplify our impact and help clients realize a new future, one they wouldn’t get to on their own.“
Founded in 1992 and headquartered in Boston, Altitude has filed more than 96 patents and won 100+ awards including several IDEAs for products such as Mini Z X-ray imaging system in the Commercial and Industrial category in 2015.