Accenture plc (ACN - Free Report) yesterday announced that it has introduced an AI-powered digital identity and access management (IAM) capability.
The company claims that the solution will enable organizations lessen risk and costs related to over-provisioning of accounts associated with a user's identity, with increased efficiency.
With our IAM capability we’ve created a proactive approach to identity management that help reduce human error and cost and helps improve risk awareness and make outliers easier to identify,” said Kelly Bissell, a senior managing director at Accenture who leads its global Security practice.
The patent pending algorithm of this solution integrates with present IAM solutions to enhance access across an entire organization. The solution uses artificial intelligence and machine learning to enhance speed and accuracy of near real-time updates to user privileges.
Shares of Accenture have gained 14.8% year to date compared with 13.4% rise of the industry it belongs to.
The new solution is expected to boost the company’s cloud and security related services portfolio. Its launch makes sense as cybersecurity incidents are on a rise, thus increasing the need to make sure that required resources are accessed by right people at the appropriate time.
Zacks Rank & Stocks to Consider
Currently, Accenture carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader Zacks Business Services sector are Omnicom (OMC - Free Report) , Robert Half (RHI - Free Report) and Automatic Data Processing (ADP - Free Report) . While Robert Half sports a Zacks Rank #1 (Strong Buy), Omnicom and Automatic Data Processing carry a Zacks Rank #2 (Buy).
Long-term expected earnings per share (three to five years) growth rate for Omnicom, Robert Half and Automatic Data Processing is 6.9%, 8.4% and 12.8%, respectively. You can see the complete list of today’s Zacks #1 Rank stocks here.
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