Latest news with #Databricks
Yahoo
a day ago
- Business
- Yahoo
EXL partners with Databricks to launch Gen-AI powered code migration accelerator
EXL Code Harbor™ solution speeds code migration from SAS to Databricks with up to 80% reduction in manual effort NEW YORK, May 30, 2025 (GLOBE NEWSWIRE) -- EXL [NASDAQ: EXLS], a leading data and AI company, expanded its partnership with Databricks, the data and AI company, to deploy a GenAI-enabled SAS to Databricks Data Intelligence Platform migration solution. Leveraging EXL's Code Harbor™ solution, the solution helps enterprises streamline their transition from SAS to Databricks to support enhanced cloud modernization initiatives. EXL has also achieved Select partner status with Databricks to accelerate the development of new AI and GenAI solutions within the Databricks ecosystem. EXL's Code Harbor is a GenAI-enabled solution that facilitates the migration of legacy codebases into the modern open-source languages and cloud environments like Databricks Lakehouse. EXL has refined the solution to automate key aspects of SAS to Databricks migration, significantly reducing manual effort while facilitating high-quality code transformation. EXL Code Harbor is designed for multi-industry usage across insurance, banking and healthcare where SAS has traditionally maintained a strong presence. In addition to SAS, the solution also supports migration and assessment of other languages including BTEQ, HQL, PL/SQL, SQL Server and R, in addition to ETL platforms such as Informatica, Alteryx and DataStage. Clients using EXL Code Harbor benefit from EXL's deep domain expertise and advanced AI capabilities while retaining the flexibility to integrate with on-premises, cloud and hybrid environments. A leading global insurance provider recently partnered with EXL to migrate its extensive SAS codebase to the Databricks Data Intelligence Platform using Code Harbor. The client achieved 50% faster migration with minimal manual intervention, improved compliance through comprehensive metadata documentation and drove integration with their governance frameworks. 'The biggest challenge enterprises face when migrating from legacy systems is the time, cost and complexity involved in transforming extensive codebases,' said Anand 'Andy' Logani, EXL's chief digital and AI officer. 'By providing an intelligent automation solution with embedded AI agents, clients can now accelerate their migration timelines by up to 50% while reducing manual efforts by 70-80%.' Unlike traditional migration approaches that rely heavily on manual processes, EXL Code Harbor utilizes an autonomous multi-agent framework to accelerate enterprise-scale code and data transformation. Leveraging Databricks' Unity Catalog and governance layer, the SAS to Databricks solution accelerator ensures enterprise-grade discoverability, traceability and compliance across every annotation asset. By automating the manual effort involved in assessing, writing and optimizing code, the solution transforms the entire migration process, leading to faster delivery, reduced costs and improved accuracy. More information about EXL Code Harbor can be found here. About EXL EXL (NASDAQ: EXLS) is a global data and AI company that offers services and solutions to reinvent client business models, drive better outcomes and unlock growth with speed. EXL harnesses the power of data, AI, and deep industry knowledge to transform businesses, including the world's leading corporations in industries including insurance, healthcare, banking and capital markets, retail, communications and media, and energy and infrastructure, among others. EXL was founded in 1999 with the core values of innovation, collaboration, excellence, integrity and respect. We are headquartered in New York and have approximately 60,000 employees spanning six continents. For more information, visit 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. ContactsMedia Keith Little+1 703-598-0980 Investor RelationsJohn Kristoff+1 212 209 4613IR@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
- Business
- Yahoo
EXL partners with Databricks to launch Gen-AI powered code migration accelerator
EXL Code Harbor™ solution speeds code migration from SAS to Databricks with up to 80% reduction in manual effort NEW YORK, May 30, 2025 (GLOBE NEWSWIRE) -- EXL [NASDAQ: EXLS], a leading data and AI company, expanded its partnership with Databricks, the data and AI company, to deploy a GenAI-enabled SAS to Databricks Data Intelligence Platform migration solution. Leveraging EXL's Code Harbor™ solution, the solution helps enterprises streamline their transition from SAS to Databricks to support enhanced cloud modernization initiatives. EXL has also achieved Select partner status with Databricks to accelerate the development of new AI and GenAI solutions within the Databricks ecosystem. EXL's Code Harbor is a GenAI-enabled solution that facilitates the migration of legacy codebases into the modern open-source languages and cloud environments like Databricks Lakehouse. EXL has refined the solution to automate key aspects of SAS to Databricks migration, significantly reducing manual effort while facilitating high-quality code transformation. EXL Code Harbor is designed for multi-industry usage across insurance, banking and healthcare where SAS has traditionally maintained a strong presence. In addition to SAS, the solution also supports migration and assessment of other languages including BTEQ, HQL, PL/SQL, SQL Server and R, in addition to ETL platforms such as Informatica, Alteryx and DataStage. Clients using EXL Code Harbor benefit from EXL's deep domain expertise and advanced AI capabilities while retaining the flexibility to integrate with on-premises, cloud and hybrid environments. A leading global insurance provider recently partnered with EXL to migrate its extensive SAS codebase to the Databricks Data Intelligence Platform using Code Harbor. The client achieved 50% faster migration with minimal manual intervention, improved compliance through comprehensive metadata documentation and drove integration with their governance frameworks. 'The biggest challenge enterprises face when migrating from legacy systems is the time, cost and complexity involved in transforming extensive codebases,' said Anand 'Andy' Logani, EXL's chief digital and AI officer. 'By providing an intelligent automation solution with embedded AI agents, clients can now accelerate their migration timelines by up to 50% while reducing manual efforts by 70-80%.' Unlike traditional migration approaches that rely heavily on manual processes, EXL Code Harbor utilizes an autonomous multi-agent framework to accelerate enterprise-scale code and data transformation. Leveraging Databricks' Unity Catalog and governance layer, the SAS to Databricks solution accelerator ensures enterprise-grade discoverability, traceability and compliance across every annotation asset. By automating the manual effort involved in assessing, writing and optimizing code, the solution transforms the entire migration process, leading to faster delivery, reduced costs and improved accuracy. More information about EXL Code Harbor can be found here. About EXL EXL (NASDAQ: EXLS) is a global data and AI company that offers services and solutions to reinvent client business models, drive better outcomes and unlock growth with speed. EXL harnesses the power of data, AI, and deep industry knowledge to transform businesses, including the world's leading corporations in industries including insurance, healthcare, banking and capital markets, retail, communications and media, and energy and infrastructure, among others. EXL was founded in 1999 with the core values of innovation, collaboration, excellence, integrity and respect. We are headquartered in New York and have approximately 60,000 employees spanning six continents. For more information, visit 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. ContactsMedia Keith Little+1 703-598-0980 Investor RelationsJohn Kristoff+1 212 209 4613IR@ in to access your portfolio
Yahoo
2 days ago
- Business
- Yahoo
S&P Global Expands Databricks Partnership, Adds Capital IQ Pro Datasets for Enhanced Analytics
On Wednesday, S&P Global Inc. (NYSE:SPGI) announced an expanded collaboration with Databricks by adding several S&P Capital IQ Pro datasets to Databricks via Delta Sharing. The enhancement enables users to directly access and query a range of additional S&P Global datasets, such as financials, estimates, filings, transcripts, transactions, and sustainability data, without requiring data ingestion. A group of analysts studying data on a large monitor. The datasets are valuable for investment management, risk assessment, and competitive intelligence. Delta Sharing is Databricks' open-source protocol that facilitates the secure sharing of live data across various platforms, clouds, and regions. The technology minimizes data duplication and latency issues, and ensures that investment, risk, and strategy teams can always work with the most current data within their existing Databricks environment. S&P Global's previous collaborations with Databricks included the integration of energy and commodities datasets from its Commodity Insights division and the development of the S&P Global Capital IQ Workbench, which is a collaborative analytics notebook environment. S&P Global plans to continue adding more datasets to Databricks Delta Sharing, which will be accessible through both the S&P Global Marketplace and Databricks Marketplace. Warren Breakstone, Head of Data & Research at S&P Global Market Intelligence, emphasized the importance of meeting clients where they are in today's dynamic market. He highlighted that the expanded relationship with Databricks will provide more seamless access and efficient querying. S&P Global Inc. (NYSE: SPGI) provides credit ratings, benchmarks, analytics, and workflow solutions across the global capital, commodity, and automotive markets. Whereas Databricks is a data and AI company While we acknowledge the potential of SPGI to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SPGI and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
Cision Canada
2 days ago
- Business
- Cision Canada
Databricks Grows Operations in Costa Rica with New Office Expansion, Deepens Investment in Latin America
HEREDIA, Costa Rica, May 29, 2025 /CNW/ -- Databricks, the Data and AI company, today celebrated the opening of its new office in the America Free Zone (AFZ) in Heredia, Costa Rica, marking a significant milestone in its ongoing investment in Latin America. The company's Costa Rica team has expanded to approximately 200 employees, reflecting the rapid growth and deep commitment to the country's exceptional talent pool. Building on this momentum, Databricks plans to create 100 additional jobs in Costa Rica by the end of 2025, further strengthening its local operations and reinforcing Costa Rica's strategic role in supporting customers and driving adoption of the Databricks Data Intelligence Platform across Latin America. Since opening its Costa Rica office in 2023, Databricks has achieved over 150% growth in its LATAM business while supporting major regional customers such as BAC Latam, Nubank, Grupo Bimbo, iFood, Bineo and Kueski. As part of its broader strategy for Latin America, the company is expanding its São Paulo office and recently launched a new presence in Mexico City. These investments are fueled by rapidly growing enterprise demand for Databricks solutions across the region. "Costa Rica plays a critical role in Databricks' international expansion strategy," said Rory Patterson, Chief of Staff to the CEO and VP of Corporate Operations at Databricks. "Our teams in Latin America are not only supporting global operations, they're pioneering new automation and AI-based programs and processes that drive innovation across the company. This is a testament to the exceptional talent in Costa Rica and their ability to help us scale smarter, and not just faster." "Databricks has enabled us to realize our vision of a modern, intelligent, and flexible data and analytics strategy, strengthening our approach as a bank, personalizing our customers' experience, and generating prosperity for the communities we serve," said Rodrigo Chaverri, Corporate Director of Data & Analytics of BAC Latam. The Minister of Foreign Trade, Manuel Tovar, commented, "Databricks' expansion in Costa Rica strengthens the country's position as a strategic tech hub for Latin America, supported by a highly skilled workforce, a reliable business environment, and robust digital infrastructure. With over 240 multinational companies in the sector and advanced capabilities in software, analytics, and artificial intelligence, Costa Rica offers a thriving ecosystem for digital solutions, nearshoring, and innovation. This new investment reaffirms the global tech sector's confidence in our ability to lead complex processes from a secure, stable and competitive platform." "At Databricks, we believe in building our future with the best talent, and Costa Rica offers exactly that," said Ariel Vargas, Director of International & LATAM Operations at Databricks. "Our new office will be a cornerstone for our Latin America operations, enabling us to better serve our customers and foster a culture of innovation and excellence. We look forward to welcoming new Bricksters to our growing team and collaborating with local partners and customers to drive innovation across the region." "The opening of Databricks' new office in Costa Rica reinforces the country's position as a strategic destination for knowledge-intensive services, which already account for 30% of our total exports. This expansion reflects the confidence that leading companies place in our business environment, legal certainty, and — above all — our highly skilled talent that drives digital transformation globally, every day," said Laura López, CEO of the Trade & Investment Promotion Agency (PROCOMER). Databricks' investment in Costa Rica will support a wide range of roles, including Finance, HR, IT, Technical Support, Marketing, Operations and more. The company encourages interested professionals to explore opportunities and join its mission to democratize data and AI through the Data Intelligence Platform. For more information about career opportunities at Databricks Costa Rica, please visit the Databricks Careers page. Databricks is the Data and AI company. More than 10,000 organizations worldwide — including Block, Comcast, Condé Nast, Rivian, Shell and over 60% of the Fortune 500 — rely on the Databricks Data Intelligence Platform to take control of their data and put it to work with AI. Databricks is headquartered in San Francisco, with offices around the globe, and was founded by the original creators of Lakehouse, Apache Spark™, Delta Lake and MLflow. To learn more, follow Databricks on LinkedIn, X and Facebook.
Yahoo
2 days ago
- Business
- Yahoo
Databricks Grows Operations in Costa Rica with New Office Expansion, Deepens Investment in Latin America
HEREDIA, Costa Rica, May 29, 2025 /CNW/ -- Databricks, the Data and AI company, today celebrated the opening of its new office in the America Free Zone (AFZ) in Heredia, Costa Rica, marking a significant milestone in its ongoing investment in Latin America. The company's Costa Rica team has expanded to approximately 200 employees, reflecting the rapid growth and deep commitment to the country's exceptional talent pool. Building on this momentum, Databricks plans to create 100 additional jobs in Costa Rica by the end of 2025, further strengthening its local operations and reinforcing Costa Rica's strategic role in supporting customers and driving adoption of the Databricks Data Intelligence Platform across Latin America. Since opening its Costa Rica office in 2023, Databricks has achieved over 150% growth in its LATAM business while supporting major regional customers such as BAC Latam, Nubank, Grupo Bimbo, iFood, Bineo and Kueski. As part of its broader strategy for Latin America, the company is expanding its São Paulo office and recently launched a new presence in Mexico City. These investments are fueled by rapidly growing enterprise demand for Databricks solutions across the region. "Costa Rica plays a critical role in Databricks' international expansion strategy," said Rory Patterson, Chief of Staff to the CEO and VP of Corporate Operations at Databricks. "Our teams in Latin America are not only supporting global operations, they're pioneering new automation and AI-based programs and processes that drive innovation across the company. This is a testament to the exceptional talent in Costa Rica and their ability to help us scale smarter, and not just faster." "Databricks has enabled us to realize our vision of a modern, intelligent, and flexible data and analytics strategy, strengthening our approach as a bank, personalizing our customers' experience, and generating prosperity for the communities we serve," said Rodrigo Chaverri, Corporate Director of Data & Analytics of BAC Latam. The Minister of Foreign Trade, Manuel Tovar, commented, "Databricks' expansion in Costa Rica strengthens the country's position as a strategic tech hub for Latin America, supported by a highly skilled workforce, a reliable business environment, and robust digital infrastructure. With over 240 multinational companies in the sector and advanced capabilities in software, analytics, and artificial intelligence, Costa Rica offers a thriving ecosystem for digital solutions, nearshoring, and innovation. This new investment reaffirms the global tech sector's confidence in our ability to lead complex processes from a secure, stable and competitive platform." "At Databricks, we believe in building our future with the best talent, and Costa Rica offers exactly that," said Ariel Vargas, Director of International & LATAM Operations at Databricks. "Our new office will be a cornerstone for our Latin America operations, enabling us to better serve our customers and foster a culture of innovation and excellence. We look forward to welcoming new Bricksters to our growing team and collaborating with local partners and customers to drive innovation across the region." "The opening of Databricks' new office in Costa Rica reinforces the country's position as a strategic destination for knowledge-intensive services, which already account for 30% of our total exports. This expansion reflects the confidence that leading companies place in our business environment, legal certainty, and — above all — our highly skilled talent that drives digital transformation globally, every day," said Laura López, CEO of the Trade & Investment Promotion Agency (PROCOMER). Databricks' investment in Costa Rica will support a wide range of roles, including Finance, HR, IT, Technical Support, Marketing, Operations and more. The company encourages interested professionals to explore opportunities and join its mission to democratize data and AI through the Data Intelligence Platform. For more information about career opportunities at Databricks Costa Rica, please visit the Databricks Careers page. About Databricks Databricks is the Data and AI company. More than 10,000 organizations worldwide — including Block, Comcast, Condé Nast, Rivian, Shell and over 60% of the Fortune 500 — rely on the Databricks Data Intelligence Platform to take control of their data and put it to work with AI. Databricks is headquartered in San Francisco, with offices around the globe, and was founded by the original creators of Lakehouse, Apache Spark™, Delta Lake and MLflow. To learn more, follow Databricks on LinkedIn, X and Facebook. Contact: Press@ View original content to download multimedia: SOURCE Databricks View original content to download multimedia: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
