Latest news with #GenAI-enabled
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Business Standard
2 days ago
- Business
- Business Standard
Indian companies struggle to offer clarity, guidance on GenAI use: Report
Enterprises across business verticals in India are struggling to provide the structure, access, and clarity needed to support the use of generative AI (GenAI) at workplaces, according to a report by recruitment firm Michael Page India. About 3,000 professionals across various experience levels were surveyed in the country in the report titled 'Talent Trends India 2025', which pointed out that despite growing access to GenAI tools, many professionals remain unsure how these technologies will shape their careers. 'The disconnect between GenAI rollout and employee confidence has broader implications. When individuals cannot see how emerging technologies support their future, hesitation grows, and engagement can decline. In a GenAI-enabled workplace, clarity isn't just a support function – it's essential to building trust and retaining talent in times of rapid change,' the report said. Forty-two per cent of professionals in India view GenAI as a threat to job security as deeper concerns surface regarding its use and implications, while the number inches up to 44 per cent when it comes to middle-level management. The top management, with 30 per cent, feels the least threatened. Sixty per cent of those surveyed believe it will impact their long-term career path, the report found. This uncertainty points to a broader readiness gap, one not just about technical skills, but about trust, guidance, and future alignment. Many employees may not be resistant to GenAI, but without clear direction, they feel under-equipped to make the most of it. According to the report, employee sentiment on GenAI preparedness is mixed even as 80 per cent of professionals have access to employer-provided GenAI tools. Thirty-one per cent say their employer is preparing them very well, 22 per cent feel fairly well supported, and 16 per cent each describe the support as average and unprepared. Besides clarity on the use of GenAI tools, some of the other questions that employees are asking include queries on salary and career expectations, work arrangement policy, transparent company culture, and approach to inclusivity. 'Candidates are becoming increasingly focused on transparency and alignment with their personal and professional goals. They are seeking employers who offer clarity – not only on salary and flexibility but also on culture, values, and the responsible use of emerging technologies,' Nilay Khandelwal, senior managing director, Michael Page India and Singapore said in a statement. Workplace arrangement policy, a topic that became important since the pandemic, shows signs of stabilisation as most companies adopt a hybrid policy, with 54 per cent saying they were working more days in office compared to a year earlier. Remote work changes have also remained steady (21 per cent vs 23 per cent last year), and the proportion of professionals experiencing no change in their work setup has nudged up slightly from 21 per cent to 22 per cent. India leads the region in workplace trust, with 61 per cent of professionals expressing high or complete trust in their leadership, well above the APAC (57 per cent) and global (49 per cent) averages. Transparency is also a standout strength, with 65 per cent of employees rating their organisations as open and communicative, the report stated.
Yahoo
3 days 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
3 days 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
Miami Herald
5 days ago
- Business
- Miami Herald
Authorium Selected by California for GenAI-Enabled Legislative Analysis
SACRAMENTO, CA / ACCESS Newswire / May 28, 2025 / Today, Authorium, the cloud-based technology company that delivers its eponymous end-to-end platform for government administrative operations,announced that they have been selected to implement a GenAI-enabled solution to efficiently and accurately develop legislative bill analyses utilizing existing documents and other publicly available information for the California Department of Finance. "GenAI has great potential to enhance our ability to deliver high-quality analysis to California policymakers. We look forward to piloting this technology to enhance our efficiency, accuracy, and capacity," said Christian Beltran, Deputy Director of Legislation at the California Department of Finance. This award supports the State's commitment of Gov. Gavin Newsom's Executive Order N-12-23 which recognizes GenAI's "potential to catalyze innovation and the rapid development of a wide range of benefits for Californians and the California economy." "We are honored to be selected by the California Department of Finance to increase efficiency and effectiveness in critical legislative and policy efforts," said Jay Nath and Kamran Saddique, Co-CEOs of Authorium. "As a public benefit corporation, we remain fully focused on enabling government teams to modernize operational and administrative processes through our no-code platform." Currently, Department of Finance (DOF) team members comb through volumes of legislative material, including over 1,000 legislative bills and proposals annually. Working together with Authorium, DOF aims to significantly reduce the manual workload associated with drafting bill analyses including: summarizing a bill,collecting fiscal information from impacted state entities, andparsing relevant data sets and sources for background and historical information. The California Department of Technology (CDT) will support the use, security, and maintenance of the GenAI tool. They will also provide oversight and guidance throughout the lifecycle of the project to ensure the system is used effectively and responsibly. "California is embracing emerging technologies and innovation to modernize how we serve the public. By exploring the use of Generative AI in legislative workflows, we're laying the foundation for smarter, faster, and more transparent government services," said Liana Bailey-Crimmins, State Chief Information Officer and Director of the California Department of Technology. The Department of Finance intends to scale insights across bill analyses to spotlight shared needs and statewide opportunities for more efficient and effective deployment of the State's budget resources. To expedite delivery and ensure stronger outcomes, Authorium's contract was awarded through a Request for Innovative Ideas (RFI²) solicitation, a procurement vehicle that seeks innovative ideas to solve a well-defined problem statement, then selects a solution provider based on their ability to demonstrate its effectiveness. The RFI² concept was first introduced in 2019 when Gov. Gavin Newsom signed an executive order that created the new procurement method by asking for solutions to test in response to the wildfire challenges in California. The vision of this methodology is to leverage the innovative vendor, academic, scientific, and entrepreneurial communities to solve the State's most pressing challenges. Beyond the Department of Finance, Authorium's platform enables teams at the California Public Employees' Retirement System, CalRecycle, Department of Social Services and more in the Golden State, as well as agencies across the United States from Washington to Florida - to increase efficiency, effectiveness, visibility, and compliance. A recent study with the U.S. Air Force demonstrated that Authorium's platform was able to cut acquisition timelines by 20%. Authorium is hosted exclusively on AWS GovCloud, the leading regulated industry cloud solution that technology leaders trust to manage sensitive data, and is GovRAMP Authorized, SOC2 Type II, HIPAA compliant, and adheres to stringent federal and DoD security requirements. About AuthoriumAuthorium is a no-code, cloud-based platform exclusively for government administrative operations. Government teams rely on us to support budget and grant administration, contract lifecycle management, HR processes, procurement, and legislative analysis. As a public benefit corporation, we serve the government workers that serve their communities. Learn more at ### Contact Information Authorium Press Marketingmarketing@ SOURCE: Authorium press release
Yahoo
21-05-2025
- Business
- Yahoo
Security Operations Ease for First Time in Five Years, Driven by Three Megatrends
NEWTON, Mass., May 21, 2025--(BUSINESS WIRE)--New research from Enterprise Strategy Group, now part of Omdia, shows a turning point in the security operations (SecOps) landscape: for the first time in five years, more organizations report that managing SecOps is becoming easier rather than more difficult. Detailed in 'The Future of SecOps in an AI-Driven World' report, this improvement has been driven by three industry mega-trends: security tool consolidation, the integration of generative AI (GenAI) within SecOps, and the growing maturity of security information and event management (SIEM) and extended detection and response (XDR) solutions. SecOps is a mainstay of modern cybersecurity programs. Once limited to reactive, alert-driven activities, SecOps has expanded into a broader risk mitigation function. Today, it encompasses both proactive and reactive strategies including security posture management, optimization and tuning of core security controls, threat detection and response, and recovery from cyberattacks. Consolidation and platformization are driving tangible benefits across multiple areas—55% of respondents reported positive results from the consolidation of SecOps tools. With budgets constrained in an unpredictable economy, cost optimization and tools management overhead were among the top advantages cited in the report. While a more centralized security data strategy is a priority alongside consolidation efforts, progress remains gradual. "As organizations report significant positive impacts from SecOps tools consolidation, it's important to recognize that tools consolidation must be a continuous process," said Dave Gruber, Principal Analyst at Enterprise Strategy Group, now part of Omdia. "The need for the addition of discrete, specialized security tools will continue as IT innovations expand the attack surface. Organizations should annually reassess opportunities to consolidate specialized tools into platform offerings. This 'continuous consolidation process' should drive cost savings, simplify operations and management, and fuel improvements in security outcomes." GenAI within SecOps is poised for significant contribution across a broad array of security use cases—74% of the study's respondents said they use GenAI-enabled solutions daily to automate security tasks. This rapid adoption puts GenAI within reach of surpassing security orchestration, automation, and response (SOAR) solutions for SecOps automation. GenAI is further helping to reduce long-standing challenges within SecOps, including detection rule engineering, correlation of siloed data sources, and operationalizing threat intelligence. The research further reveals that while XDR and SIEM deliver measurable value, change is on the horizon for SIEM. Although 86% of organizations currently use SIEM, many are seeking to improve their security data layer with 48% either considering or actively planning to replace one or more of their SIEM solutions. Despite SIEM's widespread use for threat detection and response, security teams are looking for more advanced threat detection capabilities. As a result, 64% have deployed an XDR solution. Crucially, the research also indicates a shift in expectations for XDR solutions: organizations now expect them to correlate threat and vulnerability risk information to better prioritize remediation. "Actively improving security hygiene and posture management to reduce the attack surface" tops the list of what organizations said would be most beneficial to improving security efficacy and operational efficiency moving forward. An infographic from the research, The Future of SecOps in an AI-driven World, is available to download here. ABOUT ENTERPRISE STRATEGY GROUP Enterprise Strategy Group™, now part of Omdia, provides focused and actionable market intelligence, buyer research, analyst advisory services, GTM strategy guidance, solution validation, and custom content supporting enterprise technology buying and selling. View source version on Contacts Fasiha 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
