EXL [NASDAQ: EXLS], a leading data analytics and digital operations
and solutions company, announced a new collaboration with Microsoft
to co-develop and accelerate generative AI solutions for
businesses. EXL is using the Microsoft Azure OpenAI Service to
augment its extensive data and analytics expertise and create
faster value for clients across industries, including insurance,
healthcare, banking, media, and retail industry verticals.
The collaboration will deliver innovative
solutions that help clients drive growth, personalize customer
experiences, unlock valuable insights, and develop new offerings.
With Azure OpenAI Service, EXL’s generative AI platform and decades
of experience in data-and AI-led digital solutions, clients will be
able to scale AI initiatives rapidly across the enterprise. This
announcement expands upon EXL’s generative AI platform, including
an AI workbench and 50-plus AI accelerators.
Microsoft will provide EXL with early access to
emerging technologies, engineering expertise, knowledge
repositories and training, enabling EXL’s data scientists and AI
experts to stay at the forefront of technological advancements. In
addition, EXL will collaborate with Microsoft to build industry and
domain-specific accelerators leveraging EXL’s proprietary data,
analytics, and research along with large language models to drive
innovation and customer experience.
“This is an exciting collaboration that will
help our clients unlock the full potential of generative AI,” said
Rohit Kapoor, vice chairman and chief executive officer of EXL. “We
implement a sensible framework to solve complex business problems
and develop use cases that are relevant to our clients’ businesses.
Our expertise in data management, advanced analytics and industry
domains coupled with Microsoft's technologies will help
organizations achieve transformational outcomes.”
"We are pleased to see EXL adopt Microsoft Azure
OpenAI Service to bring the power of generative AI to customers,"
said John Montgomery, corporate vice president, AI Platform,
Microsoft. "Combining the Azure OpenAI Service with EXL’s data and
analytics will help create value for EXL customers across
industries, accelerate their digital transformation and create new
opportunities for growth.”
EXL and Microsoft have a proven history when it
comes to cloud and AI. EXL’s smart health platform is built on
Microsoft Azure and is currently in use by healthcare organizations
looking to solve some of their biggest challenges in the areas of
payment integrity, clinical data and analytics and pharmacy.
EXL has created a generative AI center of
excellence, training 1,500 specialists from the company’s team of
over 9,000 data scientists and engineers, that focuses on the rapid
development of generative AI solutions.
For more information about our generative AI
platform and associated solutions, please click here.
About EXL
EXL (NASDAQ: EXLS) is a leading data analytics
and digital operations and solutions company that partners with
clients to improve business outcomes and unlock growth. By bringing
together deep domain expertise with robust data, powerful
analytics, cloud, artificial intelligence and machine learning, we
create agile, scalable solutions and execute complex operations for
the world’s leading corporations in industries including insurance,
healthcare, banking and financial services, media, and retail,
among others. Focused on driving faster decision-making and
transforming operating models, EXL was founded on the core values
of innovation, collaboration, excellence, integrity and respect.
Headquartered in New York, our team is over 50,000 strong,
with more than 50 offices spanning six continents. For more
information, visit www.exlservice.com.
Cautionary Statement Regarding
Forward-Looking Statements
This press release contains forward-looking
statements within the meaning of the United States Private
Securities Litigation Reform Act of 1995. You should not place
undue reliance on those statements because they are subject to
numerous uncertainties and factors relating to EXL's operations and
business environment, all of which are difficult to predict and
many of which are beyond EXL’s control. Forward-looking statements
include information concerning EXL’s possible or assumed future
results of operations, including descriptions of its business
strategy. These statements may include words such as “may,” “will,”
“should,” “believe,” “expect,” “anticipate,” “intend,” “plan,”
“estimate” or similar expressions. These statements are based on
assumptions that we have made in light of management's experience
in the industry as well as its perceptions of historical trends,
current conditions, expected future developments and other factors
it believes are appropriate under the circumstances. You should
understand that these statements are not guarantees of performance
or results. They involve known and unknown risks, uncertainties and
assumptions. Although EXL believes that these forward-looking
statements are based on reasonable assumptions, you should be aware
that many factors could affect EXL’s actual financial results or
results of operations and could cause actual results to differ
materially from those in the forward-looking statements. These
factors, which include our ability to maintain and grow client
demand, our ability to hire and retain sufficiently trained
employees, and our ability to accurately estimate and/or manage
costs, rising interest rates, rising inflation and recessionary
economic trends, are discussed in more detail in EXL’s filings with
the Securities and Exchange Commission, including EXL’s Annual
Report on Form 10-K. You should keep in mind that any
forward-looking statement made herein, or elsewhere, speaks only as
of the date on which it is made. New risks and uncertainties come
up from time to time, and it is impossible to predict these events
or how they may affect EXL. EXL has no obligation to update any
forward-looking statements after the date hereof, except as
required by federal securities laws.
© 2024 ExlService Holdings, Inc. All
rights reserved. For more information go
to www.exlservice.com/legal-disclaimer
ContactsMedia Keith Little+1
703-598-0980 media.relations@exlservice.com
Investor RelationsJohn Kristoff+1 212 209
4613IR@exlservice.com
ExlService (NASDAQ:EXLS)
Historical Stock Chart
From Jul 2024 to Aug 2024
ExlService (NASDAQ:EXLS)
Historical Stock Chart
From Aug 2023 to Aug 2024