Japanese food and biotech company Ajinomoto Co. and Ireland-headquartered tech consultancy Accenture are set to establish a joint venture in a bid to “help drive Ajinomoto’s operational transformation.”
The new company, Ajinomoto Digital Business Partners Co., will run the operations of Ajinomoto’s corporate divisions, which include human resources, office management, and procurement. To achieve this, the joint venture is seeking to leverage digital solutions, including artificial intelligence, to boost Aginomoto’s efficiencies. Starting operations in April 2020, the new firm will be 67% owned by Ajinomoto and 33% by Accenture.
“For organizations to drive transformation by improving productivity and creating new value, they need to incorporate digital technologies into every process through cooperation with external partners,” said Atsushi Egawa, country managing director of Accenture, Japan.
The new company will leverage the power of robotic process automation, analytics, and artificial intelligence – as well as other solutions for business process transformation – to deliver services that aim to “enhance the functionality and efficiency of Ajinomoto’s corporate functions.” As part of its work, Accenture leans on its expertise in digital transformation in the consumer goods and services industry, as well as its business process services.
“Ajinomoto Co. remains focused on priority product domains and improving employee productivity to realize sustainable growth and become a genuine global specialty company. The joint venture with Accenture will foster the next generation of talent that focuses on higher value-added work to provide competitive services and help Ajinomoto Co. perform a pivot to the operating model that consistently delivers greater customer value,” said Masaya Tochio, representative director, member of the board & corporate senior vice president, Ajinomoto Co.