Accenture has made a strategic investment, through Accenture Ventures, in Interos, an operational resilience and supply chain risk management company that uses machine learning to monitor global business relationships and identify risks.
The Interos platform uses AI and machine learning to monitor and analyze a wide range of real-time supply chain issues across multiple risk categories including financial, operational, governance, geographic, and cybersecurity. The company’s Operational Resilience Cloud contains more than 30 million unique entities from public, academic, government and business data sets.
âOrganizations need a better way to understand not only their own cybersecurity vulnerabilities, but also the potential risks across their supply chains,â said Kelly Bissell, who heads Accenture Security at the global scale. âWith Interos, we can help our customers see the typical ‘blind spots’ of their global supply chains. With a real-time, holistic view of business relationships and global developments, they can examine, monitor, and anticipate cyber threats and other risks to their business that might normally go unnoticed until it’s too late.
Jennifer Bisceglie, CEO of Interos, said: âThe continued disruption of the global supply chain, which continues to escalate, has brought the issue of risk and resilience from the backroom to the dining room. board of directors. Our research has shown that large companies lose an average of $ 184 million per year due to supply chain disruptions. There has never been a better argument for automated and continuous supply chain monitoring, which can only be achieved with artificial intelligence and machine learning capabilities. This Accenture investment will allow us to connect to new markets around the world and bring real-time, efficient insights and operational resilience to companies urgently trying to improve their chain management. supply.
With a current valuation of over US $ 1 billion, Interos is the latest company to join Accenture Ventures’ Project Spotlight, an engagement and investment program that connects emerging technology software startups to the Global 2000 to fill gaps in strategic innovation. Project Spotlight provides extensive access to the domain expertise of Accenture and its corporate clients, helping startups harness human creativity and deliver on their technology’s promises.
New study from Accenture shows why organizations should think beyond securing their own businesses to better secure their supplier ecosystems. Accenture’s 2021 State of Cyber ââResilience Report reveals that while two-thirds (67%) of organizations believe their ecosystem is secure, indirect attacks accounted for 61% of all cyber attacks last year , compared to 44% the previous year.
“Supply chain visibility is one of the biggest business resilience issues today, and as the networks of business relationships continue to develop, this issue will only become more and more common. more complex, âsaid Kris Timmermans, global head of supply chain and operations at Accenture. âAccenture Ventures’ investment in Interos will transform the vision of our clients in their own ecosystems and help to safely accelerate their growth. From a whole new perspective, customers will get a clear picture of their supply chain and potential threats to their business operations, including the cyber risks they need to prioritize and address.
Terms of the investment were not disclosed.