Difference Between IBM and Accenture (With Table)

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 with 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. 

IBM vs Accenture

The difference between International Business Machines Corporation and Accenture is that IBM deals in diverse fields such as commerce, the Internet of things, cloud computing, and as such whereas, Accenture is a service-oriented information technology firm (Global management consulting firm). Both are tech giants with a high number of employees.

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 at Armonk, New York, in the United States.

Clarence DeLany is the founder of Accenture. Accenture is also one of the leading tech giants, which is 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, strategy service and, they also offer BPO service.

Comparison Table Between IBM and Accenture

Parameters of ComparisonIBMAccenture
EstablishmentIt was founded in 1911 by Charles Ranlett Flint.It was founded in 1989.
HeadquartersThe headquarters are in Armonk, New York.The headquarters is in Dublin, Ireland.
WorkAn IT multinational company.It is a professional IT services and consulting firm.
ProductsIt has a portfolio of several products across sectors.It does not produce products primarily.
RevenueAs 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 often one would 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 services 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 a 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

  1. IBM was established in the year 1911 by Charles Ranlett Flint. The company Accenture was established in the year 1982 by Clarence DeLany. 
  2. The abbreviation of the name IBM is International Business Machines Corporation. The meaning of the word Accenture is Accent on the Future. 
  3. IBM is a multinational company that deals with computer software, hardware, and other products. Accenture is an IT service provider and provides management consulting.
  4. IBM has a portfolio of products across several sectors and has also made a lot of innovations. Accenture does not particularly produce any products for sale. 
  5. 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.

Conclusion

In the digitalized era of today, people have become more and more connected with the help of the Internet. Companies like IBM and Accenture are a few of the major players that are the driving force behind innovations and services in our world. It is necessary to be aware of the works done by these companies. 

Especially if one is interested in the IT sector, they must be able to differentiate the works performed by both these companies. IBM is an important MNC that creates and innovates innovations and products. They develop efficient hardware and software for people to use. Accenture is a management consulting and IT service providing firm. It does not produce any products.

References

  1. https://doi.org/10.1108/02580540910936314
  2. https://doi.org/10.1002/joe.20229
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