NEW YORK - EXL (NASDAQ: EXLS), a data analytics and digital operations company, has announced a collaboration with Microsoft (NASDAQ:MSFT) to enhance generative AI solutions for various industries.
The partnership aims to leverage Microsoft Azure OpenAI Service to boost EXL's data and analytics capabilities, thereby accelerating value creation for clients in sectors such as insurance, healthcare, banking, media, and retail.
The initiative is set to expand EXL's generative AI platform, which already includes an AI workbench and over 50 AI accelerators. Microsoft's early access to emerging technologies and expertise is expected to keep EXL's team of data scientists and AI professionals at the forefront of innovation. This collaboration is designed to foster industry-specific solutions that improve customer experiences and drive growth.
Vice Chairman and CEO of EXL, Rohit Kapoor, emphasized the significance of the partnership, stating that it would enable clients to fully realize the potential of generative AI. Kapoor highlighted EXL's commitment to solving complex business problems with relevant use cases and their expertise in data management, advanced analytics, and industry domains, paired with Microsoft's technologies.
John Montgomery, Corporate Vice President of the AI Platform at Microsoft, expressed enthusiasm about EXL adopting Azure OpenAI Service. He noted that the combination of Azure OpenAI Service with EXL's data and analytics expertise would create valuable opportunities for EXL's customers and accelerate their digital transformation.
The announcement also points to EXL's history of integrating cloud and AI, citing its smart health platform built on Microsoft Azure, which addresses major challenges in healthcare. Furthermore, EXL has established a generative AI center of excellence, training 1,500 specialists from its team of over 9,000 data scientists and engineers, to focus on the rapid development of generative AI solutions.
This partnership is based on a press release statement and reflects the companies' forward-looking strategies. It is important to note that forward-looking statements involve risks and uncertainties, and actual results may differ from those projected.
For further details, EXL's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K, provide more comprehensive information about potential risks and uncertainties.
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