Accenture invests in Stardog for stellar data insights

image of Accenture building

Accenture has made a strategic investment, through Accenture Ventures, in Stardog, a knowledge graph platform enabling organizations to achieve more from their data in this age of generative AI.

Stardog Enterprise Knowledge Graphs are used by clients and companies to facilitate better enterprise data integration and unification. Instead of integrating data by combining tables, data is unified using a knowledge graph’s ability to endlessly link concepts – without changing the underlying data.

According to Accenture research, 97 percent of global executives agree that foundation models will enable connections across data types, revolutionizing where and how AI is used. Nearly all (98 percent) business leaders agree AI foundation models will play an important role in their organization’s strategies over the next three to five years.

Stardog is the latest startup to join Accenture Venture’s Project Spotlight with other investments including Virtonomy, Cosmo Tech, BehaVR and many more.

Tom Lounibos, managing director, Accenture Ventures, said: “For most large enterprises, the real value of generative AI will come from customizing and fine-tuning large language models and using their own collected data to address their unique business needs.

“Foundation models need vast amounts of curated data to learn and that makes solving the data challenge an urgent priority for every business. This is precisely where Stardog’s Enterprise Knowledge Graphs can make a difference by helping organizations unify and optimize their data for this new era of generative AI.”

Teresa Tung, chief technologist at Accenture Cloud First, said: “Stardog’s knowledge graphs help organizations use, interact with and unlock more valuable insights from their data by enabling them to have highly customized and contextualized conversations with data from across the enterprise.

“They provide organizations with a programmatic framework that essentially acts as a data interpreter, translating data into more meaningful inputs.”

“Organizations today need to adopt a semantic approach to their enterprise data; otherwise, they will face an endless battle with data silos and data sprawl,” said Kendall Clark, co-founder and CEO of Stardog. “Our technology makes it easier for organizations to create and use a semantic layer for enterprise data analytics, which in turn can accelerate their strategic data integration efforts and enhance the productivity of their data engineers and data scientists. We look forward to helping Accenture clients achieve their data unification goals so they can take advantage of generative AI advancements and make knowledge-informed decisions faster.”