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Business Standard
16 hours ago
- Business
- Business Standard
Altizon Completes Strategic Migration to Microsoft Azure, Unlocking AI-Driven Productivity for Global Manufacturers
PRNewswire Princeton (New Jersey) [US], July 29: Altizon, the Digital Factory SaaS pioneer, today announced the successful migration of its entire product portfolio to Microsoft Azure. The move instantly brings hundreds of manufacturing plants across North and South America, Europe and Asia onto Azure's hyperscale cloud, empowering more than 10,000 business users who rely on Altizon's mission-critical applications around the clock. The transition positions Altizon as a premier 'Azure-native' solution for the Food & Beverage, Automotive and Industrial sectors. Microsoft's global channel partners can now resell a market-leading platform with a 12-year record of operational excellence, accelerating time-to-value for customers pursuing Industry 4.0 initiatives. By aligning with the latest Microsoft AI innovations--including Microsoft Fabric, Azure AI Studio, Azure IoT Operations, Azure Digital Twins, Azure Machine Learning, and Power Platform breakthroughs such as AI Builder and Copilot Studio--Altizon's Datonis Digital Factory Suite delivers a step-change in productivity. Manufacturers can harness plant-floor data to train predictive models, launch generative AI copilots for operators, and orchestrate multi-agent workflows that continuously optimize Overall Equipment Effectiveness (OEE), energy use and quality yields. Security and data sovereignty remain uncompromised. Altizon's micro-services can be deployed in each customer's dedicated Azure private cloud or in hybrid landscapes, ensuring that sensitive operational data never leaves the customer's control while still flowing seamlessly into AI models, Microsoft Fabric OneLake and Power BI real-time dashboards. The result is a unified 'shop-floor-to-boardroom' fabric where insights, alerts and recommendations surface in Microsoft Teams, Outlook and automated workflows built with Power Automate--propelling collaborative decision-making in minutes instead of hours. "Moving to Azure is a force multiplier," said Vinay Nathan, CEO and co-founder of Altizon. "Our customers gain instant access to Microsoft's AI stack, and our partners gain a proven platform they can trust to deliver measurable productivity gains on day one." About Altizon Altizon, a global industrial AI company, powers digital revolutions by helping enterprises leverage machine data to drive business decisions. Altizon's applies advanced analytics and machine learning algorithms to accelerate smart manufacturing initiatives, modernize asset performance management and pioneer new business models for service delivery.
Cision Canada
2 days ago
- Business
- Cision Canada
FNZ Announces Strategic Partnership with Microsoft to Accelerate the Transformation of the Wealth Management Industry
FNZ and Microsoft have entered a global, five-year strategic partnership to accelerate digital transformation across the wealth management industry. The partnership strengthens FNZ's global platform by enhancing its AI, automation and cloud capabilities. The goal is to drive value for financial institutions and their clients by enhancing operational efficiency, accelerating innovation and increasing speed to market. The collaboration includes co-innovation, joint go-to-market initiatives and the development of new AI-powered digital wealth solutions. LONDON, July 28, 2025 /CNW/ -- FNZ, a leading end-to-end wealth management platform has today announced a global, five-year strategic partnership with Microsoft to transform the wealth management industry through technology, innovation and AI-driven digital solutions. The partnership combines FNZ's industry-leading technology, wealth management expertise and global reach with Microsoft's advanced AI capabilities, cloud infrastructure and engineering excellence. By integrating Microsoft Azure AI Foundry at the heart of its platform, FNZ is redefining how financial institutions, advisors and their clients interact by delivering more personalized, intelligent and resilient digital wealth management experiences. This collaboration with Microsoft accelerates this transformation by helping FNZ bring new solutions to market faster, enhance client outcomes, boost advisor productivity and drive innovation across industry. With more than 650 financial institution partners, over 26 million end investors and close to $2 trillion in assets under administration, FNZ brings scale to the partnership. This provides access to one of the largest wealth management data sets in the world, enabling the powerful application of AI, cloud technologies and analytics to deliver deeper insights, greater personalization and better outcomes for advisors, clients and institutions alike. Partnership Highlights Through the partnership, FNZ will work with Microsoft to deliver advanced AI tools, drive new technology development and collaborate on joint go-to-market initiatives, including: Creating a next-generation advisor and investor experience: FNZ will integrate Azure AI Foundry capabilities, including Azure OpenAI in Foundry Models, into its market-leading platform to provide enhanced personalization, greater efficiency and a next-generation user experience. Innovative applications for data and analytics: FNZ will utilize Microsoft Fabric to strengthen its data and analytics capabilities, delivering deeper insights tailored to the unique needs of wealth managers and advisors. Co-development and joint engineering: FNZ will develop new digital wealth solutions by embedding Azure AI Foundry into FNZ's global platform. Joint engineering teams will accelerate product innovation, enhance platform intelligence, and deliver secure, scalable services that strengthen risk management, compliance and resilience. FNZ will also deploy GitHub Copilot across its engineering teams to boost developer productivity and innovation. Resilience and scalability: By combining FNZ's market-leading platform and delivery capabilities with Microsoft's technologies and tooling, the partnership will help create more resilient, scalable and industrial-strength solutions for financial institutions. Enhancing operational efficiency: FNZ will also deploy Microsoft 365 Copilot and intelligent agents to support middle- and back-office processes. Global joint go-to-market: FNZ will collaborate with Microsoft on joint go-to-market activities, including the development and deployment of modular wealth solutions through multiple channels, including the Microsoft Marketplace, alongside coordinated global marketing initiatives and joint participation in industry events. Roman Regelman, Group President, FNZ, said:"FNZ has always been at the forefront of innovation in wealth-management technology. Partnering with Microsoft allows us to accelerate our AI-led roadmap and enhances our ability to deliver personalized, intelligent and resilient solutions to our clients, strengthening our position of leadership." "Together, we are not just upgrading technology. We are setting a new standard for how wealth management is delivered. Partnering with Microsoft further advances our mission to open up wealth, by making investing more accessible to more people worldwide." Bill Borden, Corporate Vice President, Worldwide Financial Services, Microsoft, said:"Our partnership brings together Microsoft's AI and cloud technologies with FNZ's global platform and expertise in wealth management to deliver insights that will lead to more impactful and personalized experiences for advisors and their clients. Together, we're helping financial institutions lead as Frontier Firms by reimagining their operations through agentic AI, accelerating innovation, and unlocking new value across the wealth management ecosystem." FNZ is backed by some of the world's largest institutional shareholders, including Caisse de dépôt et placement du Québec (La Caisse), Canada Pension Plan Investment Board (CPP Investments), Generation Investment Management and Motive Partners.
Business Standard
5 days ago
- Business
- Business Standard
Sonata Software Collaborates with Wharton AI & Analytics Initiative to Advance Understanding of Agentic AI in Enterprise Operations
PRNewswire East Brunswick (New Jersey) [US] / Bengaluru (Karnataka) [India], July 25: Sonata Software (NSE: SONATSOFTW) (BSE: 532221), a leading Modernization Engineering company, today announced its partnership with the Wharton AI & Analytics Initiative (WAIAI) at the Wharton School of the University of Pennsylvania. The collaboration aims to foster innovation and research in the emerging field of agentic AI, which will bring together academic and industry perspectives on enterprise-grade AI orchestration. As part of the partnership, Sonata Software and WAIAI will collaboratively: * Evaluate agentic AI systems with a focus on AI governance, compliance, human-AI collaboration, and enterprise adoption * Refine Sonata AgentBridge's modular architecture, embedding rigorous compliance and ethical safeguards * Support the continued expansion of WAIAI's research initiatives in artificial intelligence Sonata Software and WAIAI will co-host a one-day academic convening in Fall 2025 centered on agentic AI. The event will facilitate discussions on opportunities and challenges through academic-industry dialogue. It will feature roundtable discussions and interactive demos with experts from both sectors. Insights garnered from the event will inform a white paper, highlighting key themes and recommendations on the ethical and effective deployment of agentic AI tools in enterprise contexts. Samir Dhir, Managing Director and Chief Executive Officer of Sonata Software, said: "We're excited to collaborate with the Wharton AI & Analytics Initiative to explore the evolving capabilities of agentic systems within enterprise environments. This partnership reinforces our commitment to responsible AI by blending Sonata Software's platform-driven innovation with academic insight and by jointly examining how agentic systems can be responsibly adopted to deliver measurable business impact." This partnership marks Sonata Software's first major engagement with a U.S. Ivy League institution, underscoring its transformation into an AI-led Modernization leader. Most recently, Sonata Software has partnered with Indian Institute of Science (IISc) to power AI-driven scientific research and champion adoption of responsible-first AI approach. About Sonata Software In today's market, there is a unique duality in technology adoption. On one side, extreme focus on cost containment by clients, and on the other, deep motivation to modernize their Digital storefronts to attract more consumers and B2B customers. Sonata Software, with $1 Billion Revenue, is the leading AI-led Modernization Engineering company. Our unique Modernization approach through helps create Efficient and Agile digital businesses to drive intelligent ecosystems of the future. Our bouquet of Modernization Engineering Services cuts across Data, Cloud, Dynamics, Automation, Cyber Security, and around newer technologies like Generative AI, Microsoft Fabric, and other modernization platforms. Our unique and innovative Responsible-first AI offering Sonata is a comprehensive platform powered by GenAI and encompasses a variety of industry solutions, service delivery platforms, and accelerators. It is distinguished by its embedded ethics, privacy, security, and compliance. We enable our clients to leverage AI in three different ways: i) driving efficiencies, ii) driving higher consumer experience/modern sales, and iii) driving innovative business models. We have launched bleeding edge Agentic AI offering - AgentBridge - that enables enterprises to usher in the era of intelligent, scalable AI-driven operations. Headquartered in Bengaluru, India, Sonata Software has a strong global presence, including key regions North America, UK, Europe, APAC, and ANZ. We are one of the fastest growing IT Services companies and a trusted partner of Fortune 500 companies in Banking, Financial Services and Insurance (BFSI); Healthcare and Lifesciences (HLS); Telecom, Media, and Technology (TMT); and Retail, Manufacturing and Distribution (RMD) space. Sonata Software boasts of a very strong partnership with Microsoft, AWS and many others. We are proud member of Microsoft AI Partner Council and have also achieved AWS Generative AI Competency. Also, we are member of the prestigious Inner Circle for Microsoft Business Applications and Featured and Launch Partner for Microsoft Fabric. About the Wharton AI & Analytics Initiative The Wharton AI & Analytics Initiative (WAIAI) is advancing the exploration of cutting-edge technology in modern business, with the keen understanding that artificial intelligence is transforming how we live, learn, and work. Led by Vice Dean Eric Bradlow -- professor of marketing, statistics, and data science -- WAIAI spearheads innovative student learning experiences, faculty research opportunities, and thought partnerships with industry experts and practitioners. Our initiative also extends to K-12 education, preparing the next generation to leverage AI to its full potential. For more information, visit
Yahoo
14-07-2025
- Business
- Yahoo
Okta's Subscription Revenues Accelerate: Which Factors Are Driving it?
Okta's OKTA subscription business is booming, driven by strong customer demand and continued product innovation. In the first quarter of fiscal 2026, subscription revenues grew 12% year over year to $673 million, representing 98% of the company's total revenues. Backing this growth is a 21% year-over-year increase in remaining performance obligations (RPO), with current RPO (cRPO) up 14%, highlighting a solid pipeline of future subscription revenues already under strategic moves are fueling this momentum. Okta has expanded its identity platform with high-impact modules such as Identity Governance, Privileged Access and Device Access, broadening its relevance in zero-trust security environments. These new offerings accounted for 15% of new bookings in first-quarter fiscal Okta's sales organization has been restructured to better serve distinct customer segments, with separate teams focused on Workforce Identity and Customer Identity (Auth0). This targeted approach is translating into results, as the number of customers generating over $1 million in annual contract value (ACV) climbed 20% year over strong financial performance, with a 27% non-GAAP operating margin and 35% free cash flow, enables continued investment in product development and market entry initiatives. This positions its subscription business as a catalyst for sustainable growth. Microsoft MSFT continues to dominate enterprise IT with Entra ID's deep integration into Azure and Microsoft 365, offering seamless identity and access management. Microsoft's expanding data and AI portfolio, including PostgreSQL, Microsoft Fabric and Azure, fuels strong cloud adoption. With breakthroughs like its Majorana quantum chip, Microsoft is advancing future tech while sustaining robust growth, making it a cornerstone of scalable, secure, and innovative enterprise CRWD is strengthening its cybersecurity edge with AI-driven innovations and product expansion. Its Falcon platform now boasts 29 modules, including the new Falcon Data Protection tool, enhancing data loss prevention and compliance. These upgrades, alongside rising demand for threat protection, position CrowdStrike as a leader in identity security. CrowdStrike's sustained innovation and platform growth continue to attract customers seeking robust, all-in-one cybersecurity solutions. Shares of Okta have appreciated 16.2% year to date compared with the Zacks Security industry's return of 17%. Image Source: Zacks Investment Research Okta currently trades at a premium with a forward Price/Cash Flow ratio of 21.56, slightly higher than the broader Zacks Computer and Technology sector's 21.5X. OKTA has a Value Score of D. Image Source: Zacks Investment Research The Zacks Consensus Estimate for OKTA's second-quarter fiscal 2026 earnings is pegged at 84 cents per share, up by 5 cents over the past 60 days, indicating 16.67% year-over-year consensus mark for fiscal 2026 earnings is pegged at $3.28 per share, which increased 2.8% over the past 60 days. The earnings figure suggests 16.73% growth over the figure reported in fiscal 2025. Image Source: Zacks Investment Research OKTA currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Microsoft Corporation (MSFT) : Free Stock Analysis Report Okta, Inc. (OKTA) : Free Stock Analysis Report CrowdStrike (CRWD) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research 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
Forbes
01-07-2025
- Business
- Forbes
The Data Centers Powering AI Boom In Financial Services
Global power demand from data centers will increase 50% by 2027 because of the adoption of AI. Financial institutions are adopting AI at an increasing rate, a recent study by Goldman Sachs forecasts global power demand from data centers will increase 50% by 2027 and by as much as 165% by the end of the decade. To explore this in-depth, I met with Bill Borden, Corporate Vice President Worldwide Financial Services at Microsoft; John Kain, Head of Financial Services Market Development at AWS; and Toby Brown, Head of Global Financial Services Solutions at Google Cloud, for a discussion about the road ahead for the finance industry. Video: Bill Borden, Corporate Vice President, Worldwide Financial Services at Microsoft Unlocking AI Through Data Management "Financial services has always managed data robustly due to regulatory needs," Borden begins. "Clean, correct, and structured data is foundational for decision-making analytics and for integrating advanced AI tools like generative AI models." Microsoft's recent launch of Microsoft Fabric, a cloud-based data and analytics platform designed to consolidate and manage data across various environments, exemplifies this strategic emphasis. Google Cloud's Toby Brown amplifies this sentiment, noting historically that financial institutions have been "data-rich but insight-poor." Brown delineates between data "for offense", used to drive business growth, and "for defense", supporting risk management and regulatory compliance. According to Brown, Google Cloud provides a single data system that allows financial institutions like Citi and PayPal to integrate data traditionally siloed in spreadsheets and legacy systems into unified cloud-based platforms with AI models and generative AI tooling built directly in line to accelerate insights and decision-making processes. AWS's John Kain concurs, adding that "breaking down data silos within financial institutions is critical." He cites successful examples like BBVA, which has leveraged AWS to establish a comprehensive data-sharing framework. Similarly, Goldman Sachs and JPMorgan have commercialized their expertise in data aggregation and analysis, signaling a shift toward more collaborative and efficient data ecosystems. Video: John Kain, Head of Financial Services Market Development at AWS Shifts in AI Adoption AI and machine learning are already deeply embedded in financial operations, though the acceleration of generative AI tools has significantly transformed implementation approaches. Kain highlights how generative AI enables rapid deployment of sophisticated applications without extensive model training previously required, "Customers can now automate and innovate more quickly, significantly enhancing operational efficiency". Brown highlights real-world use cases, such as marketing personalization, and customer service improvements at Discover, where Google's Gemini assists over 10,000 agents by instantly accessing vast institutional knowledge, transforming service interactions into potential sales opportunities. Brown notes, "Banks finally have the ability to transform cost centers like contact centers into genuine revenue generators." Borden emphasizes developer productivity, citing GitHub Copilot, which has already demonstrated dramatic productivity gains at Citi, allowing thousands of developers to code more efficiently and securely. Video: Toby Brown, Head of Global Financial Services Solutions at Google Cloud Balancing Innovation and Regulation Despite these successes, AI deployment in financial services isn't without challenges. "The industry naturally prioritizes regulatory compliance," Kain observes. Regulatory frameworks for algorithmic transparency and risk management are already embedded, providing financial firms with a head start compared to other sectors. Brown emphasizes that risk management remains a crucial focus, noting banks often start with low-risk applications, utilizing Google Cloud's built-in security and compliance tools to mitigate potential risks. Borden also underscores the importance of collaborative engagements between technology providers and regulators, stressing the necessity of responsible AI frameworks to ensure secure, compliant deployments. Future Forward: AI's Potential Looking ahead, the trio forecast transformative developments in the next few years. Microsoft's Work Trend Index 2025 report, shows a dramatic rise in "digital labor," with AI-powered agents seamlessly collaborating with human teams. "Insights will be instantly available," says Borden, reshaping workflows and business processes significantly. Kain predicts a substantial evolution in "agentic generative AI," where sophisticated AI agents autonomously handle complex financial tasks, effectively replacing traditional API-driven systems. This will revolutionize how banks innovate, significantly accelerating application development and deployment. Brown expresses excitement about multimodal and agentic generative AI capabilities, predicting a fundamental shift in how financial advice is delivered. Rather than static, flat reports and charts, personalized financial guidance could soon be delivered interactively through diverse media like video or podcasts, enhancing customer engagement and financial literacy. Navigating Tomorrow's AI Landscape We concluded with a consensus on AI's expansive potential to reshape the financial sector profoundly. Institutions that successfully integrate robust data strategies, effectively balance innovation with regulatory compliance, and harness cutting-edge generative AI tools will position themselves as future industry leaders. In this evolving landscape, financial services companies must embrace change, leverage innovative AI tools responsibly, and prepare strategically for the transformative impacts ahead. As Brown aptly concludes, the future promises not only technological advancement but a meaningful shift toward enhanced customer experiences and deeper financial empowerment. More like this on Forbes, 3 No-Code AI Tools Changing How Financial Institutions Innovate and How Financial Services Can Tackle AI-Powered Fraud.
