Accenture’s Investment in Snorkel AI Facilitates Data-Driven AI Success for the Financial Services Industry
Accenture, a leading global professional services company, is announcing that it has made a strategic investment in programmatic data development technology provider, Snorkel AI. Centered around enabling enterprises to rapidly build and scale AI solutions based on high-quality datasets, this investment forwards a collaborative effort to make AI success a tangible reality.
Snorkel AI delivers high-quality, specialized datasets to fuel AI solutions, leveraging automation and repeatable workflows to unify an enterprise’s disparate data landscape. Transforming siloed data and domain knowledge into high-quality training data, Snorkel AI radically streamlines AI adoption.
This investment drives collaboration between Accenture and Snorkel AI to build tailored, industry-specific solutions for feeding best-in-class training data to AI solutions at scale, according to the companies.
“Our clients are looking to harness AI in ways that are fast, secure, and aligned to real business outcomes,” said Tom Lounibos, global lead for Accenture Ventures. “Snorkel’s unique approach solves one of the most persistent pain points in AI development—high-quality datasets for training and evaluation of AI models. This investment can help our clients move from experimentation to impact more quickly.”
Initially, the duo will focus its efforts on the financial services industry, aiming to democratize secure, valuable, high-quality AI to the sector.
“As banks accelerate their adoption of AI, the ability to generate high-quality, accurate insights from disparate data sources has become a strategic imperative. Yet unlocking business value remains challenging, as financial institutions often struggle with correctly interpreting and labeling their data,” said Jared Rorrer, Accenture’s Americas Banking & Capital Markets industry lead. “Snorkel addresses this gap by enabling organizations to embed expert knowledge directly into the AI development process, with its advanced data preparation platform streamlining the curation and delivery of AI-ready data, allowing banks to build more accurate, scalable, and secure AI solutions.”
“This partnership marks a major milestone in our mission to make data-centric AI the foundation of enterprise innovation,” said Alex Ratner, co-founder and CEO of Snorkel AI. “As momentum builds around agentic AI, most enterprises still lack the domain-specific data and expertise needed to move from prototype to production. By combining Snorkel’s unified AI data development stack with Accenture’s enterprise reach and AI strategy, we’re enabling organizations—starting with financial services—to build and deploy specialized AI systems with confidence and speed.”
To learn more about Accenture and Snorkel AI, please visit https://www.accenture.com/us-en or https://snorkel.ai/.