Latest news with #KarthikKrishnamurthy
New Indian Express
2 days ago
- Business
- New Indian Express
Freshers safe but mid-level employees must deepen expertise in AI era, says Ascendion CEO
CHENNAI: The rise of Artificial Intelligence (AI) will not affect fresher hiring, as they can be easily trained if they have the right mindset to adapt to new technologies, said Karthik Krishnamurthy, CEO of US-based software engineering firm Ascendion. He was speaking after unveiling the latest version of the company's AI-powered software engineering platform, AAVA, now fully agentic, capable of planning, deciding, and acting on its own to achieve goals with human supervision. However, he cautioned that mid-level professionals face greater risk. "The traditional pyramid model, with a large base of freshers, followed by mid-level staff, and a small number of senior experts, is shifting to a barbell model, where the middle layer is shrinking," he said. In the barbell structure, companies retain large numbers of freshers at one end and highly experienced experts at the other, with fewer mid-level roles. "Mid-level employees must deepen their domain expertise to stay relevant," he added, noting that Ascendion is increasing fresher intake and offering skill-gap training. He also advised students to learn how to build AI agents to boost their employability. Over 60% of Ascendion's projects have adopted the agentic AI model, mostly for clients that need to build software quickly. "It's faster, cheaper, and more efficient," Krishnamurthy said, adding that the tipping point will come when market leaders adopt the model after seeing its benefits.
Yahoo
07-07-2025
- Business
- Yahoo
Ascendion Wins Gold as the Artificial Intelligence Service Provider of the Year in 2025 Globee® Awards
Awarded Gold for excellence in real-world AI implementation and measurable enterprise outcomes Recognized for agentic AI innovation through ASCENDION AAVA platform, accelerating software delivery and unlocking business value at scale Validated as a category leader in operationalizing AI across enterprise ecosystems—from generative and ethical AI to machine learning and NLP—delivering productivity, transparency, and transformation BASKING RIDGE, N.J., July 7, 2025 /PRNewswire/ -- Ascendion, a leader in AI-powered software engineering, has been awarded Gold as the Artificial Intelligence Service Provider of the Year in the 2025 Globee® Awards for Artificial Intelligence. This prestigious honor recognizes Ascendion's bold leadership in delivering practical, enterprise-grade AI solutions that drive measurable business outcomes across industries. The Globee® Awards for Artificial Intelligence celebrate breakthrough achievements across the full spectrum of AI technologies including machine learning, natural language processing, generative AI, and ethical AI. Winners are recognized for setting new standards in transforming industries, enhancing user experiences, and solving real-world problems with artificial intelligence (AI). "This recognition validates more than our AI capabilities. It confirms the bold vision that drives Ascendion," said Karthik Krishnamurthy, Chief Executive Officer, Ascendion. "We've been engineering the future with AI long before it became a buzzword. Today, our clients aren't chasing trends; they're building what's next with us. This award proves that when you combine powerful AI platforms, cutting-edge technology, and the relentless pursuit of meaningful outcomes, transformation moves from promise to fact. That's Engineering to the Power of AI in action." Ascendion earned this recognition by driving real-world impact with its ASCENDION AAVA platform and agentic AI capabilities, transforming enterprise software development and delivery. This strategic approach enables clients to modernize engineering workflows, reduce technical debt, increase transparency, and rapidly turn AI innovation into scalable, market-ready solutions. Across industries like banking and financial services, healthcare and life sciences, retail and consumer goods, high-tech, and more, Ascendion is committed to helping clients move beyond experimentation to build AI-first systems that deliver real results. "The 2025 winners reflect the innovation and forward-thinking mindset needed to lead in AI today," said San Madan, President of the Globee® Awards. "With organizations across the globe engaging in data-driven evaluations, this recognition truly reflects broad industry endorsement and validation." About Ascendion Ascendion is a leading provider of AI-powered software engineering solutions that help businesses innovate faster, smarter, and with greater impact. We partner with over 400 Global 2000 clients across North America, APAC, and Europe to tackle complex challenges in applied AI, cloud, data, experience design, and workforce transformation. Powered by +11,000 experts, a bold culture, and our proprietary Engineering to the Power of AI (EngineeringAI) approach, we deliver outcomes that build trust, unlock value, and accelerate growth. Headquartered in New Jersey, with 40+ global offices, Ascendion combines scale, agility, and ingenuity to engineer what's next. Learn more at Engineering to the Power of AI™, AAVA™, EngineeringAI, Engineering to Elevate Life™, DataAI, ExperienceAI, Platform EngineeringAI, Product EngineeringAI, and Quality EngineeringAI are trademarks or service marks of Ascendion®. AAVA™ is pending registration. Unauthorized use is strictly prohibited. About the Globee® Awards The Globee® Awards present recognition in ten programs and competitions, including the Globee® Awards for Achievement, Globee® Awards for Artificial Intelligence, Globee® Awards for Business, Globee® Awards for Excellence, Globee® Awards for Cybersecurity, Globee® Awards for Disruptors, Globee® Awards for Impact. Globee® Awards for Innovation (also known as Golden Bridge Awards®), Globee® Awards for Leadership, and the Globee® Awards for Technology. To learn more about the Globee Awards, please visit the website: View original content to download multimedia: SOURCE Ascendion Sign in to access your portfolio
Yahoo
24-04-2025
- Business
- Yahoo
Ascendion Acquires UXReactor to Drive Experience Transformation Powered by AI
Strategic acquisition of UXReactor enhances Ascendion's AI-driven experience design, strengthening end-to-end digital solutions Drives client success with 40% faster execution, billion-dollar market acceleration, and digital transformation at scale for millions of users Unlocks human-centered digital innovation, blending design expertise with Ascendion's engineering excellence BASKING RIDGE, N.J., April 24, 2025 /PRNewswire/ -- Ascendion, a leading provider of AI-powered software engineering services, today announced its acquisition of UXReactor, an award-winning user experience (UX) strategy and design firm. With this strategic move, Ascendion force-multiplies its engineering capabilities, further enabling its customers to launch human-centered digital experiences that accelerate business outcomes and drive market advantage. The acquisition of UXReactor marks a significant next step in Ascendion's strategic investments for growth. Over the past two years, Ascendion has acquired Nitor Infotech to strengthen software product engineering, launched four global AI Studios, and created a new Latin America headquarters in Mexico. This acquisition enhances Ascendion's ability to create value across user-experience strategy, product experience design, UX research, platform experience design, and end-to-end digital innovation—all seamlessly integrated with AI-powered software engineering. Founded in 2015 and headquartered in Pleasanton, California, UXReactor specializes in experience innovation with experts across the US, Asia, and South America. They help organizations of all sizes, from startups to Fortune 500 enterprises, drive growth and elevate performance. "This relationship strengthens Ascendion's ability to create long-lasting, high-value impact for clients, and reflects a focused commitment to advancing AI-powered software engineering," says Karthik Krishnamurthy, CEO, Ascendion. "Combined with the power of our ASCENDION AVA+ platform and talented engineers, UXReactor will help our clients design, build, and scale innovative experiences faster and with greater impact, all to the power of AI." This acquisition is the next step in a long-term partnership. UXReactor has been working with Ascendion since 2024, and this collaboration is already driving client impact: Accelerating Strategy: In Silicon Valley, UXReactor and Ascendion co-led a user-centric strategy and design conceptualization for a leading software company, with the potential to capture another billion-dollar market. Engineering has now been significantly accelerated under the leadership of Ascendion's Product Engineering teams. Engineering a Seamless Ecosystem: At a large fintech company, UXReactor partnered with Ascendion to align engineering priorities with user needs through multi-stakeholder strategy workshops and design. This resulted in 40% faster execution through streamlined workflows and improved navigation design. Competitive Differentiation: For a large UK bank, the combined Ascendion and UXReactor transformation playbook is helping inform and differentiate a large-scale digital transformation initiative for millions of users. Shaping the Future of Experience Transformation in the Era of AI As software and AI become deeply embedded in every aspect of life and business, differentiated, human-centered experiences are more critical than ever. UXReactor's proven methodologies, global design talent, and upstream strategy expertise — combined with Ascendion's engineering excellence and ASCENDION AVA+ platform — create a distinctive new value proposition for clients. The company also brings an innovative Experience Studio, located in Silicon Valley, to facilitate user-experience design workshops related to software products and digital consumer experiences. "Exceptional digital experiences begin long before a single line of code is written. AI-powered software is bringing a paradigm shift to various industries and experiences are now expected to be more seamlessly integrated for everyone. As a part of Ascendion, UXReactor will guide clients through this shift by delivering on critical experience strategy and design challenges — and then bring new ideas to life to create extraordinary value," shares Satyam Kantamneni, CEO, UXReactor. "The future of experience innovation is here — and we're thrilled to be part of it." About Ascendion Ascendion is a leading provider of AI-powered software engineering solutions that help businesses innovate faster, smarter, and with greater impact. We partner with over 400 Global 2000 clients across North America, APAC, and Europe to tackle complex challenges in applied AI, cloud, data, experience design, and workforce transformation. Powered by +11,000 experts, a bold culture, and our proprietary Engineering to the Power of AI (EngineeringAI) approach, we deliver outcomes that build trust, unlock value, and accelerate growth. Headquartered in New Jersey, with 40+ global offices, Ascendion combines scale, agility, and ingenuity to engineer what's next. Learn more at About UXReactorUXReactor is an award-winning Experience Strategy and Design consultancy focused on helping enterprises drive growth and performance through human-centered design. Recognized as an Inc. 5000 company (2020-2023), UXReactor is headquartered in California, with global teams in India and Colombia. The company specializes in solving complex user experience challenges for enterprise software and technology companies. With deep expertise across user research, design strategy, and experience innovation, UXReactor serves a diverse range of clients from Fortune 500 leaders to fast-growing startups. 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