Accenture (NYSE: ACN), through its Accenture Ventures Project
Spotlight initiative, has entered into a collaboration agreement
with Planet Labs PBC (NYSE: PL), a leading provider of daily data
and insights about Earth, to help power decision-making at
organizations across myriad industries including agriculture,
consumer packaged goods, energy, forestry and government.
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Accenture has entered into a
collaboration agreement with Planet to help power decision-making
at organizations across myriad industries including agriculture,
consumer packaged goods, energy, forestry and government. (Photo:
Business Wire)
By combining Planet’s high frequency satellite imagery data with
Accenture’s broad array of sustainability services and deep
industry and technology expertise, the two companies will
collaborate on an array of sustainability and impact initiatives,
including measurement, traceable supply chain strategy and
data-based climate risk assessments to mitigate disruption across
global value chains.
The collaboration with Planet is aligned with Accenture
Ventures’ Project Spotlight, an engagement and early investment
program that connects emerging technology startups with the Global
2000 to fill strategic innovation gaps.
“With its vast network of satellites, Planet offers one of the
richest sources of daily, timely data about what is happening to
our Earth — rich data that can yield incredibly valuable insights
to help drive sustainability advancements and benefit industry and
society as a whole,” said Tom Lounibos, managing director,
Accenture Ventures. “With our organizations’ shared visions and
values around sustainability as a key underpinning, we believe our
collaboration with Planet will yield countless opportunities to
combine our strengths and innovate on behalf of new and existing
shared clients.”
Planet operates the world’s largest commercial fleet of
approximately 200 earth imaging satellites that capture the
majority of Earth’s landmass every day. Planet’s data is
transforming the way companies and governments use satellite
imagery data, delivering insights at the daily pace of change on
earth.
Timely data derived from high-frequency satellite imagery can
play a powerful role in driving numerous types of sustainability
efforts ranging from energy transformation and sustainable
agriculture to sustainable commodity sourcing and end-to-end supply
chain tracking. The imagery can also yield valuable data to help
financial services organizations identify market trends and risks
tied to climate change, energy resources and commodity
availability, while also helping public sector defense and
intelligence organizations make more informed decisions pertaining
to energy security, food security and other mission-critical or
tactical decision making.
For example, Accenture’s Global H&PS AI/ESG teams and
Accenture Federal Services’ Applied Intelligence Discovery Lab
partnered with Planet using AIP+ (a managed service, multi-cloud
environment for advanced AI and machine learning tools and
applications, as well we data exchange for sustainability) to
create a proof-of-concept for the Inter-American Development Bank.
Using AI/machine learning models and Planet data, Accenture was
able to create a geospatial solution that models the impact of
climate change on energy capacity in Central America and the
Caribbean. This was presented at the IDB Invest Sustainability Week
conference in Miami in June 2022.
“Broadening the adoption of practical AI applications as an
enabler of ESG risk and impact management is critical for IDB
Invest,” said Leonardo Mazzei, Sustainability Sector lead at IDB
Invest. “The proof-of-concept developed in partnership with
Accenture is an example of how to leverage novel AI capabilities to
accelerate sustainability-linked solutions, putting data-driven
decision-making at the core of how businesses operate.”
“Accenture has demonstrated a deep commitment to sustainability
and to helping its clients around the world utilize innovative
technologies and new sources of data to help drive their
sustainability efforts forward, so we view this as a very strategic
collaboration,” said Kevin Weil, president, Product and Business at
Planet. “In addition to opportunities to collaborate with many
shared clients, we believe our participation in Accenture Ventures’
Project Spotlight program will help illustrate the benefits our
data can deliver to organizations across different industry
sectors.”
The Accenture and Planet collaboration builds on Accenture’s
broader sustainability initiatives with a variety of clients,
strategic alliance partners, and other international organizations,
which includes very early-stage investments in key technologies and
services that create value not just for clients but also its
broader ecosystem partners, as sustainability continues to solidify
as a top issue for all stakeholders.
“Working with Planet underscores Accenture’s commitment to space
innovation and exploration as a sizable business opportunity for
our clients,” added Paul Thomas, space innovation lead, Technology
Innovation at Accenture. “From accelerating orbital science to
facilitating secure commerce systems in space, we see tremendous
benefits in space innovation for business, society, and the planet.
In an uncertain world, technology advancement is the one certainty
you can count on – today and in the future.”
About Accenture
Accenture is a global professional services company with leading
capabilities in digital, cloud and security. Combining unmatched
experience and specialized skills across more than 40 industries,
we offer Strategy and Consulting, Technology and Operations
services and Accenture Song — all powered by the world’s largest
network of Advanced Technology and Intelligent Operations centers.
Our 721,000 people deliver on the promise of technology and human
ingenuity every day, serving clients in more than 120 countries. We
embrace the power of change to create value and shared success for
our clients, people, shareholders, partners and communities. Visit
us at accenture.com.
About Planet
Planet Labs PBC (NYSE: PL) is a leading provider of global,
daily satellite imagery and geospatial solutions. Planet is driven
by a mission to image the world every day, and make change visible,
accessible and actionable. Founded in 2010 by three NASA
scientists, Planet designs, builds, and operates the largest Earth
observation fleet of imaging satellites, capturing over 30 TB of
data per day. Planet provides mission-critical data, advanced
insights, and software solutions to over 800 customers, comprising
the world’s leading agriculture, forestry, intelligence, education
and finance companies and government agencies, enabling users to
simply and effectively derive unique value from satellite imagery.
Planet is a public benefit corporation trading on the New York
Stock Exchange as PL. To learn more visit www.planet.com and follow
us on Twitter.
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Planet Labs PBC Forward-Looking Statements
Except for the historical information contained herein, the
matters set forth in this press release are forward-looking
statements within the meaning of the "safe harbor" provisions of
the Private Securities Litigation Reform Act of 1995, including,
but not limited to, Planet Labs PBC’s ability to capture market
opportunity and realize any of the potential benefits from current
or future product enhancements, new products, or strategic
partnerships and customer collaborations. Forward-looking
statements are based on Planet Labs PBC’s management’s beliefs, as
well as assumptions made by, and information currently available to
them. Because such statements are based on expectations as to
future events and results and are not statements of fact, actual
results may differ materially from those projected. Factors which
may cause actual results to differ materially from current
expectations include, but are not limited to the risk factors and
other disclosures about Planet Labs PBC and its business included
in Planet Labs PBC's periodic reports, proxy statements, and other
disclosure materials filed from time to time with the Securities
and Exchange Commission (SEC) which are available online at
www.sec.gov, and on Planet Labs PBC's website at www.planet.com.
All forward-looking statements reflect Planet Labs PBC’s beliefs
and assumptions only as of the date such statements are made.
Planet Labs PBC undertakes no obligation to update forward-looking
statements to reflect future events or circumstances.
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Christian Harper Accenture +1 917 452 4417
christian.harper@accenture.com
Megan Zaroda Planet +1 610 508 2202 megan.zaroda@planet.com
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