Accenture CEO Julie Sweet builds her legacy with deal to buy online learning platform Udacity

Diane BradyBy Diane BradyExecutive Editorial Director, Fortune Live Media and author of CEO Daily
Diane BradyExecutive Editorial Director, Fortune Live Media and author of CEO Daily

Diane Brady is an award-winning business journalist and author who has interviewed newsmakers worldwide and often speaks about the global business landscape. As executive editorial director of the Fortune CEO Initiative, she brings together a growing community of global business leaders through conversations, content, and connections. She is also executive editorial director of Fortune Live Media and interviews newsmakers for the magazine and the CEO Daily newsletter.

Nicholas GordonBy Nicholas GordonAsia Editor
Nicholas GordonAsia Editor

Nicholas Gordon is an Asia editor based in Hong Kong, where he helps to drive Fortune’s coverage of Asian business and economics news.

Accenture CEO Julie Sweet speaks at the Fortune Most Powerful Women Summit in Laguna Nigel, Calif., in October 2022.
Accenture CEO Julie Sweet speaks at the Fortune Most Powerful Women Summit in Laguna Nigel, Calif., in October 2022.
Stuart Isett—Fortune

CEOs are often asked about their vision and strategy to execute on it. What’s the big idea? Within a few years, they’re asked about legacy. What impact did you have? For Julie Sweet of Accenture, the answer is likely to be the same: creating a learning culture.

Maybe the vision was forged when she quit her job as partner at Cravath, Swaine & Moore in 2010 to become general counsel of Accenture, or when she asked a colleague to help her learn about technology as then-CEO Bill Green said he hadn’t hired her to be a lawyer but a business leader with a legal background.

Maybe it started further back, when she was a high school debate champ from a working-class family in Tustin, Calif., always looking for new places to go and ways to stretch herself. Sweet had a learning mindset before the term was in vogue.

On her first day as CEO of Accenture almost five years ago, she announced a program to train every employee on the key technologies transforming business. Yesterday, as I reported here, Sweet announced Accenture’s acquisition of online learning platform Udacity as part of a new business to build and scale the learning culture she’s nurtured at Accenture, creating a service to help clients train their people on core technologies, too. Called Accenture LearnVantage, the AI-powered platform helps identify skills gaps and deliver personalized learning experiences. And the product will have to keep learning, too, as Accenture plans to invest $1 billion to build it out over the next three years. This adds a new feature to the firm’s managed learning services business where Sweet expects to see significant growth in the coming years.

The goal of basic training is not just upskilling but readiness. “We knew that every company, including Accenture, would reinvent itself using cloud data and AI. And we wanted our people ready,” she says, noting that more than 600,000 employees had basic training to understand AI fundamentals before gen AI came on the scene last year, making it easier to align around the opportunity.

Sweet asks every manager to do a learning activity with their teams during work hours at least once a month. “As a young professional, you set a learning agenda. That’s what I did. Because if you set a learning agenda, you will actually achieve it and you’ll wake up.”

And some skills will never be obsolete. When Sweet showed up at her daughter’s high school for career day this past weekend, she brought 300 copies of a 2013 book that she’s long considered a favorite: Weekend LanguagePresenting with More Stories and Less PowerPoint.

Diane Brady
@dianebrady
diane.brady@fortune.com

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This edition of CEO Daily was curated by Nicholas Gordon. 

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