The Smart Cube (a WNS company), a global provider of strategic
research and analytics solutions, has released the latest version
of Amplifi PRO, its on-demand digital procurement intelligence
platform, with new Artificial Intelligence and Machine Learning
(AI/ML) functionality providing enhanced search.
“Amplifi PRO‘s enhanced user experience - powered by
generative AI - alongside expanded category coverage and better
ecosystem integration, gives category managers tailored and
hyper-relevant content at their fingertips,” said Keshav R.
Murugesh, Group CEO, WNS.
“The procurement landscape is undergoing a seismic shift, and we
are committed to proactively designing innovative solutions and
cutting-edge platforms that enable our clients to become more
insights-led,” said Gautam Singh, Chief Executive Officer, The
Smart Cube.
Users can now post their questions directly on Amplifi PRO and
receive a summarised response within seconds. The enhanced search
combines The Smart Cube’s custom Natural Language Query (NLQ)
framework, powered by BERT*, and the capabilities of GPT3.5
models.
The AI/ML models have been trained to respond in the context of
typical use cases for procurement professionals, based on content
that has been curated by The Smart Cube’s Category and Commodity
specialists. As well as providing highly relevant and comprehensive
answers, this also guarantees traceability of information: from
every answer, users can return to the source data within Amplifi
PRO.
In the first deployment of this new technology, the enhanced
search will apply to category and commodity market data and will be
available for Unlimited Tier customers**. The development roadmap
is focused on continually improving results by implementing the
search across all data, and learning from user-generated queries.
The next release is due in January 2024.
Amplifi PRO’s full database includes 1,150+ intelligence reports
and dashboards covering a broad range of direct and indirect
categories; price data for 9,000+ commodities; 9,500+ inflation
monitors; and procurement decision-making tools.
Additional updates to the platform include:
- Expanded insights and category coverage – 425+ category
insight dashboards (up from 125 in January ‘23) present extensive
and in-depth intelligence. Dashboards include the competitive
landscape and risk profile for top suppliers in each category,
powered by Smart Risk - The Smart Cube’s proprietary risk
monitoring platform.
- Use case-based navigation – with dynamic content
filtering, users can filter and navigate to content that is most
relevant to a specific challenge or decision they want to make e.g.
develop or refine their category strategy, identify cost reduction
levers, negotiate with suppliers.
- APIs for commodity and category data to sync with client
dashboards and third-party platforms – allowing clients to
seamlessly access Amplifi PRO insights at the point of decision
making through integration with complementary data and technology
providers. Existing partnerships include Coupa and Jaggaer.
* BERT, short for Bidirectional Encoder Representations from
Transformers, is a Machine Learning (ML) model for natural language
processing
**Amplifi PRO’s freemium model gives users the flexibility to
leverage procurement intelligence according to their specific needs
through three levels: Essential, Professional and Unlimited.
The Smart Cube was acquired by WNS
(Holdings) Limited (NYSE: WNS), a leading provider of global
Business Process Management (BPM) solutions, in December
2022.
About The Smart Cube
For leading businesses around the world, The Smart Cube, a
WNS company, is a trusted partner for high performing
intelligence that answers critical business questions. We work with
our clients to figure out how to implement these answers, faster,
through custom research, advanced analytics and best of breed
technology. We transform data into insights – enabling smart
decision-making to improve business performance at the top and
bottom line. We call it: Intelligence. Accelerated.
Together with WNS Denali, we deliver world-class solutions in
procurement and supply chain advisory, managed services and digital
transformation. We combine expert resources with leading
technologies, merging human and artificial intelligence to deliver
innovative solutions, enabling our clients to achieve their
business, financial and sustainability goals and outperform in
their markets.
The Smart Cube’s clients include a third of the companies in the
FTSE and Fortune 100, primarily in the CPG, Life Sciences, Energy,
Chemicals, Industrials and Professional Services sectors. We serve
our global client base from our offices in the UK, the USA,
Switzerland, Romania and India.
About WNS
WNS (Holdings) Limited (NYSE: WNS) is a leading Business Process
Management (BPM) company. WNS combines deep industry knowledge with
technology, analytics, and process expertise to co-create
innovative, digitally led transformational solutions with over 400
clients across various industries. WNS delivers an entire spectrum
of BPM solutions including industry-specific offerings, customer
experience services, finance and accounting, human resources,
procurement, and research and analytics to re-imagine the digital
future of businesses. As of June 30, 2023, WNS had 59,871
professionals across 66 delivery centers worldwide including
facilities in Canada, China, Costa Rica, India, Malaysia, the
Philippines, Poland, Romania, South Africa, Sri Lanka, Turkey, the
United Kingdom, and the United States.
For more information, visit www.wns.com or follow us on
Facebook, Twitter, LinkedIn, and Instagram.
Safe Harbor Provision
This document includes information which may constitute
forward-looking statements made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995,
the accuracy of which are necessarily subject to risks,
uncertainties, and assumptions as to future events. Factors that
could cause actual results to differ materially from those
expressed or implied are discussed in our most recent Form 20-F and
other filings with the Securities and Exchange Commission. WNS
undertakes no obligation to update or revise any forward-looking
statements, whether as a result of new information, future events,
or otherwise.
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Investors: David
Mackey EVP – Finance & Head of Investor Relations WNS
(Holdings) Limited +1 (646) 908-2615 david.mackey@wns.com
Media: Jenny
Rushforth Director of Communications and Content The Smart Cube
– A WNS Company +44 (0) 7739 363 997
Jenny.Rushforth@thesmartcube.com
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