Accenture plc (NYSE:ACN) inked a deal with Kraken Technologies to help EDF's U.K. retail business accelerate customer migration to its new platform.

As per the terms, the companies plan to work jointly to accelerate the global adoption of smart energy products, from wind farms to smart meters, through the AI-enabled tech platform.

The platform integrates the energy value chain, which ranges from energy usage and industry data to weather forecasts, and allows utilities to lower costs, manage customer energy usage more efficiently, and enhance services.

Scott Tinkler, a senior managing director and global Utilities lead at Accenture, said, "The leading utilities are laser-focused on strengthening and modernising their digital core so they can better manage the accelerated rate of change in the industry while increasing customer satisfaction."

"This transformation for EDF is a powerful example of how Accenture and Kraken team up to help our clients continuously reinvent their businesses to drive agility and unlock new value for their customers."

Last month, Accenture Song, the tech-driven unit of the tech behemoth, secured the role of global creative and content agency of record for Randstad NV (OTC:RANJY).

Investors can gain exposure to the stock via IShares U.S. Tech Independence Focused ETF (BATS:IETC) and Direxion Shares ETF Trust Direxion Daily AI And Big Data Bull 2X Shares (NYSE:AIBU).

Price Action: ACN shares are down 0.10% at $282.01 premarket at the last check Monday.

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