IBM (International Business Machines Corporation) and Accenture are two of the leading information technology giants with a huge number of employees. They are service-based MNCs that have created a brand value for themselves.
They can be differentiated by their diversity of work. IBM focuses on a diverse field (Commerce, Internet of things, etc.), whereas Accenture is more of a service-oriented information technology firm.
Key Takeaways
- IBM is a computer hardware, software, and consulting services company, whereas Accenture is a professional services company that offers strategy, consulting, digital, technology, and operations services.
- IBM focuses more on hardware and software development, while Accenture focuses more on consulting and strategy development.
- IBM has a broader scope of operations and a larger market share than Accenture.
IBM vs Accenture
IBM is a multinational technology company that provides hardware, software, and consulting services to businesses and governments worldwide. Accenture is a global professional services company that provides consulting, technology, and outsourcing services to businesses in a wide range of industries.
International Business Machines Corporation, or IBM, is a large IT MNC that deals in a variety of areas like data and analytics, commerce, and so on. They provide information technology services and also sell hardware.
Arvind Krishna is the CEO of IBM. Its headquarters is located in Armonk, New York, in the United States.
Clarence DeLany is the founder of Accenture. Accenture is also one of the leading tech giants headquartered in Dublin, Ireland.
They are more of a management consulting IT firm with a large number of employees working under them. They provide services like digital service, operational service, and strategy service, and they also offer BPO service.
Comparison Table
| Parameters of Comparison | IBM | Accenture |
|---|---|---|
| Establishment | It was founded in 1911 by Charles Ranlett Flint. | It was founded in 1989. |
| Headquarters | The headquarters are in Armonk, New York. | The headquarters is in Dublin, Ireland. |
| Work | An IT multinational company. | It is a professional IT services and consulting firm. |
| Products | It has a portfolio of several products across sectors. | It does not produce products primarily. |
| Revenue | As of 2020, US$73.62 billion. | As of 2021, US$50.53 billion. |
What is IBM?
The word IBM is one of the most famous words across continents in our world. It is almost impossible to find any person who would not be aware of the IBM company.
As the leader of innovation from computers to software to daily usable machines, IBM is now a significant player across several sectors.
This company has an impressive history of innovations.
Though a lot of people are aware of the word IBM, the abbreviation and the work these companies do are not clear to everybody. The abbreviation of the word IBM is International Business Machines Corporation.
The kind of work done by IBM cannot be bracketed within a sector. Primarily, the company IBM is a multinational IT company that produces computer hardware, software, and other things.
It was founded in the year 1911 by the famous businessman Charles Ranlett Flint. Since then, IBM has continued to drive innovation around the world.
Some of the products invented by IBM are Automated Teller Machines, Floppy, and Hard disks, SQL programming language, Barcode, and made innovations with computers in the 1970s.
Currently, the CEO and Chairman of IBM is Arvind Krishna. The company is now working on futuristic inventions and the latest technologies like cloud computing, artificial intelligence, the Internet of Things, etc.
What is Accenture?
The word Accenture is one of the most famous words across continents in our world. Not would one find any person who would not be aware of the company Accenture.
This company was instrumental in providing IT services to developed economies and countries. After the IT revolution, Accenture became one of the most prominent IT service providers in the world.
Though a lot of people are aware of the word Accenture, the work this company does is not clear to everybody. A lot of people confuse Accenture with IBM or Microsoft, who are computer software and hardware producers.
Accenture is more indulged in primarily IT services and management consulting. Their work differs a lot from software companies.
Accenture was founded in the year 1982 by Clarence DeLany. The word Accenture is a combination of words that explain the company’s visions.
Accent on the future is the meaning behind the company’s name. It was publicly listed in the year 2001.
Today, the company has grown into a multinational corporation. Julie Sweet is the current CEO of Accenture. As of 2021, the company generates revenue of US$50.53 billion.
It is headquartered in Dublin, Ireland. It is a Fortune Global 500 company.
The company has around 150,000 employees working in India.
Main Differences Between IBM and Accenture
- IBM was established in the year 1911 by Charles Ranlett Flint. The company Accenture was established in the year 1982 by Clarence DeLany.
- The abbreviation of the name IBM is International Business Machines Corporation. The meaning of the word Accenture is Accent on the Future.
- IBM is a multinational company that deals with computer software, hardware, and other products. Accenture is an IT service provider and provides management consulting.
- IBM has a portfolio of products across several sectors and has made many innovations. Accenture does not particularly produce any products for sale.
- The revenue of the company IBM as of 2020 is US$73.62 billion. The revenue of the company Accenture as of 2021 is US$50.53 billion.
Last Updated : 13 July, 2023
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Chara Yadav holds MBA in Finance. Her goal is to simplify finance-related topics. She has worked in finance for about 25 years. She has held multiple finance and banking classes for business schools and communities. Read more at her bio page.
The post provides a good general contrast between IBM & Accenture, however, the history provided for IBM is more detailed than for Accenture.
I appreciate the detailed comparison provided here, it helps to understand the key differences between IBM and Accenture.
The post provides a clear and concise overview of both companies. The comparison is very informative. Good job!
The comparative analysis is very well done, it’s an interesting read.
The article is lacking in depth, a more detailed analysis would have been valuable.
The post provides a comprehensive comparison between IBM and Accenture. It’s informative and sheds light on the companies’ histories.