April 19, 2022

Accenture Invests in Strivr to Assist Advance Immersive Studying within the Metaverse Continuum Technology

NEW YORK; April 19, 2022 – Accenture (NYSE: ACN) has made a strategic funding, thru Accenture Ventures, in Strivr, a number one supplier of digital reality-based, immersive finding out and coaching answers for enterprises.


Based totally in Santa Clara, California, Strivr has skilled multiple million employees at one of the crucial international’s biggest firms the use of its confirmed, proprietary immersive finding out platform. Strivr’s VR coaching platform is helping enterprises building up the potency and efficacy in their worker skilling and upskilling tasks, whilst additionally handing over data-driven insights that additional tell and make stronger their broader venture ability construction efforts.

“The projected international shortfall of employees’ technical abilities because of exponential era and trade adjustments, blended with greater worker retention demanding situations and the ineffectiveness of standard coaching strategies, has created huge alternative for the development of immersive finding out,” stated Tom Lounibos, managing director of Accenture Ventures. “We look ahead to that international call for for Strivr’s VR-based finding out answers will building up as employers search for tactics to extra successfully upskill, interact and retain their an increasing number of far off workforces. If truth be told, immersive finding out is an important method for employers to start leveraging the ability of the metaverse continuum.”


Because the core functions wanted for staff throughout industries alternate and new abilities are an increasing number of required, multiple billion employees are anticipated to wish reskilling via the yr 2030, consistent with analysis from The Global Financial Discussion board. A contemporary Accenture learn about discovered that 90% of executives imagine that their current coaching strategies want to be simpler and environment friendly, and 94% of employees indicated they might keep at an organization longer if it invested of their profession construction. Immersive finding out the use of prolonged actuality (XR) applied sciences gives alternatives for workers to take part in “hands-on” finding out that has been proven to result in higher finding out retention.

“Like many disruptive applied sciences within the venture, VR coaching is rewriting the principles on tips on how to calculate the have an effect on of company coaching’s fusion with experiential finding out,” stated Derek Belch, founder and CEO of Strivr. “The use of quantitative and qualitative records from Strivr’s enterprise-scale deployments throughout tens of millions of VR coaching classes, we’re demonstrating the price of VR from hiring, to onboarding, to coaching and construction. We’re assured that combining our platform with the intensity and breadth of Accenture’s finding out group will create new alternatives to turn the ability of VR-based immersive finding out in raising personnel efficiency.”


Accenture just lately introduced the release of the Accenture Metaverse Continuum trade staff, which mixes metaverse-skilled execs and market-leading functions in buyer revel in, virtual trade, prolonged actuality, blockchain, virtual twins, synthetic intelligence and laptop imaginative and prescient to lend a hand purchasers design, execute and boost up their metaverse trips. As shared within the Accenture Generation Imaginative and prescient 2022 record, entitled “Meet Me within the Metaverse: The Continuum of Generation and Enjoy Reshaping Trade,” the metaverse continuum is a spectrum of digitally enhanced worlds, realities and trade fashions that can change into just about each facet of lifestyles and trade within the subsequent decade and past.


Strivr is the most recent corporate to sign up for Accenture Ventures’ Mission Highlight, an engagement and funding program keen on making an investment in firms that create or observe disruptive venture applied sciences. Along with investment, Mission Highlight connects rising era device startups with the World 2000 to fill strategic innovation gaps, and provides intensive get right of entry to to Accenture’s area experience and venture purchasers, serving to startups harness human creativity and ship at the promise in their era.


Phrases of the funding weren’t disclosed.

About Accenture

Accenture is a world skilled services and products corporate with main functions in virtual, cloud and safety. Combining unrivaled revel in and specialised abilities throughout greater than 40 industries, we provide Technique and Consulting, Interactive, Generation and Operations services and products — all powered via the sector’s biggest community of Complicated Generation and Clever Operations facilities. Our 699,000 other folks ship at the promise of era and human ingenuity on a daily basis, serving purchasers in additional than 120 international locations. We embody the ability of alternate to create worth and shared luck for our purchasers, other folks, shareholders, companions and communities. Discuss with us at accenture.com.


About Strivr

With just about 1,000,000 rookies skilled in VR, Strivr is remodeling the worker adventure thru Immersive Studying. Incubated at Stanford, Strivr’s platform powers the introduction, supply, control, and dimension of VR-based finding out to optimize personnel efficiency. With Strivr, enterprises acquire distinctive finding out and evaluate records to measure coaching effectiveness, assessment position attainable, and expect finding out results at scale. From hiring to coaching and upskilling, Strivr is proud to spouse with elite sports activities groups and Fortune 1000 firms to lift efficiency thru immersive revel in. For more info, talk over with www.strivr.com.


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