Latest news with #Srinivasan
Economic Times
9 hours ago
- Business
- Economic Times
Staffing firm Quess Corp announces 'Origint' business line for GCCs, offering end-to-end services
Staffing and workforce solutions provider Quess Corp on Tuesday announced a new business line, focusing on the growing demand for Global Capability Centres (GCCs). The Fairfax Group-controlled firm said it aims to address inefficiencies and reduce intermediaries in setting up operations in India by offering a single-window solution to global clients under umbrella service will offer a comprehensive solution that includes blueprinting for a GCC, which is identifying what specific tasks or outcomes the client wants from its office in India. Other services such as real estate, infrastructure management, digital on-baording, AI powered hiring and managing operations for these firms will all be facilitated by firm said it has already onboarded an US-based healthtech company and helped in setting up end-to-end operations in Hyderabad. A few other clients are in the pipeline with a target of four to five GCCs for 2025, said CEO Guruprasad Srinivasan of Quess. The firm said it is in talks with enterprises from the Middle East, Japan and Singapore for setting up GCC using Origint."Global enterprises are increasingly seeking more than mere cost savings - they want speed, innovation, and efficiency at scale," Srinivasan added. The company said the next wave of enterprise growth in India will be driven by firms from the US, Southeast Asia, the Middle East, and Europe. The focus being on healthcare, banking and telecom country currently hosts over 1,700 GCCs with 120 new centres launched in 2024. The GCC market is projected to reach $105 billion by 2030, employing over 24 lakh individuals. Srinivasan said Quess expects the new vertical 'GCC as a service' to significantly boost its earnings and anticipate a headcount growth of around 500-750 in the subsequent quarters. The firm said 70% of its revenue is generated from servicing GCCs. "With Origint and in partnership with our demerged entities - Digitide for Al-first digital solutions and Bluspring for infrastructure management, and other key external global partners, we are making a bold bet on the future of GCCs,' said Lohit Bhatia, President- Workforce Management at Quess. He added that the single window service will help fill the execution gap and over dependence on tier two and three suppliers, extensively reducing markup costs.
Time of India
9 hours ago
- Business
- Time of India
Staffing firm Quess Corp announces 'Origint' business line for GCCs, offering end-to-end services
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Staffing and workforce solutions provider Quess Corp on Tuesday announced a new business line, focusing on the growing demand for Global Capability Centres (GCCs).The Fairfax Group-controlled firm said it aims to address inefficiencies and reduce intermediaries in setting up operations in India by offering a single-window solution to global clients under umbrella service will offer a comprehensive solution that includes blueprinting for a GCC, which is identifying what specific tasks or outcomes the client wants from its office in India. Other services such as real estate, infrastructure management, digital on-baording, AI powered hiring and managing operations for these firms will all be facilitated by firm said it has already onboarded an US-based healthtech company and helped in setting up end-to-end operations in Hyderabad. A few other clients are in the pipeline with a target of four to five GCCs for 2025, said CEO Guruprasad Srinivasan of Quess. The firm said it is in talks with enterprises from the Middle East, Japan and Singapore for setting up GCC using Origint."Global enterprises are increasingly seeking more than mere cost savings - they want speed, innovation, and efficiency at scale," Srinivasan company said the next wave of enterprise growth in India will be driven by firms from the US, Southeast Asia, the Middle East, and Europe. The focus being on healthcare, banking and telecom country currently hosts over 1,700 GCCs with 120 new centres launched in 2024. The GCC market is projected to reach $105 billion by 2030, employing over 24 lakh individuals. Srinivasan said Quess expects the new vertical ' GCC as a service ' to significantly boost its earnings and anticipate a headcount growth of around 500-750 in the subsequent quarters. The firm said 70% of its revenue is generated from servicing GCCs."With Origint and in partnership with our demerged entities - Digitide for Al-first digital solutions and Bluspring for infrastructure management, and other key external global partners, we are making a bold bet on the future of GCCs,' said Lohit Bhatia, President- Workforce Management at Quess. He added that the single window service will help fill the execution gap and over dependence on tier two and three suppliers, extensively reducing markup costs.
Forbes
5 days ago
- Business
- Forbes
Governance Start-Ups Boom In The Battle To Keep AI Honest
Which market is growing even more quickly than artificial intelligence (AI) technology right now? It's a trick question – the answer is the market for products and services that keep AI technologies honest. The global AI governance industry was worth $890 million last year according to a recent study from Markets & Markets; by 2029, it will be worth $5.8 billion, the market research group reckons. That represents annual growth of a little over 45%. It's not difficult to see why. 'With AI systems now making critical decisions, the potential for unintended consequences – algorithmic bias, data breaches, ethical violations – is gaining the attention of regulators and stakeholders,' Markets & Markets' analysts explain. 'Enterprises are under immense pressure to implement full governance frameworks.' One company hoping to benefit from this driver is Unbound, a San Francisco-based start-up with a particular focus on data privacy and security. 'We operate as a gateway,' explains Rajaram Srinivasan, co-founder and CEO of the company. 'Many businesses now have AI policies, but while they ask their staff to follow those guidelines, there's not much enforcement going on; we provide a way to automate for that.' The idea is for Unbound's customers to use it as a platform through which they plug into the AI tools they're deploying in their business. The platform then filters the way staff are using these tools; for example, it checks what data they're using, to ensure sensitive information isn't being shared with the large language models employed by AI providers. It can also be used to trial new tools and to monitor the cost of usage. 'Enterprises want visibility into what's being used, assurance that their data is protected, and the ability to swap in better models as the space evolves,' Srinivasan adds. 'Unbound is a bridge to make that possible.' It's an idea that appears to resonate with customers. Since its launch in 2023, Unbound has signed up a number of mid-market and enterprise customers, particularly in data sensitive sectors such as health and technology. Chief technology officer and co-founder Vignesh Subbiah, says these clients have already prevented more than 7,000 potential data leaks using Unbound tools. 'Surgical security controls in every AI request enable teams to innovate freely without putting corporate secrets at risk.' The Hut Group, a UK-headquartered e-commerce company, is one early adopter of Unbound's platform. Abraham Ingersoll, chief information security officer of the company, says the technology enables his team to ensure staff are able to make the best use of AI tools without taking undue risk. 'We see the security team as an enabler, not a blocker,' Ingersoll says. 'Unbound empowers us to roll out AI tools to employees with confidence.' These early customer wins have also attracted the attention of investors. Unbound is this week announcing it has raised $4 million of seed funding. The round was led by Race Capital, with participation from Wayfinder Ventures, Y Combinator, Massive Tech Ventures and a number of angel investors. 'AI is projected to reach $4.8 trillion in market value for the enterprise by 2033 globally, but without proper guardrails, that value is at risk,' says Edith Yeung, general partner at Race Capital. 'From shadow models to data leaks, the dangers of unmanaged AI are very real.' Indeed – and a growing number of start-ups think this is a potentially lucrative area of the AI industry to target. Research published by StartUs Insights earlier this year identified more than 1,000 start-ups in the AI governance space, offering a huge variety of services. They range from risk management specialists such as FairNow in the US and Germany's Trail, to compliance solutions such as Inspeq AI in Ireland and KomplyAI of Australia.
Hans India
6 days ago
- Health
- Hans India
TN to open genetic disorder centres in Coimbatore, Madurai
Chennai: The Tamil Nadu Health Department, in collaboration with the National Health Mission (NHM), is in the process of establishing two state-of-the-art Centres of Excellence for the prevention, diagnosis, and management of genetic disorders in Coimbatore and Madurai. These upcoming centres are modelled after the existing and operational facility at the Institute of Child Health and Hospital for Children (ICH) in Chennai. Officials confirmed that construction is underway and nearly 50 per cent of the infrastructure work has been completed. The government has earmarked Rs 8.19 crore to fund the creation of these specialised centres, which are expected to significantly enhance Tamil Nadu's capacity to manage genetic disorders that contribute to the state's Infant Mortality Rate (IMR) and Under-Five Mortality Rate (U5MR). 'These centres are being established with the vision of improving early diagnosis and care for children suffering from rare and complex genetic conditions,' said Dr S. Srinivasan, expert advisor for Child health at NHM-Tamil Nadu. 'The model at ICH in Chennai has proven successful, and we are now replicating it in government medical college hospitals in Coimbatore and Madurai,' said Srinivasan. The Centres of Excellence will cater to a wide spectrum of genetic and metabolic disorders. These include hemoglobinopathies like thalassemia and sickle cell anemia, chromosomal disorders, spinal muscular atrophy (SMA), Duchenne muscular dystrophy (DMD), other neuromuscular conditions, lysosomal storage diseases (LSD), mucopolysaccharidosis (MPS), congenital adrenal hyperplasia, congenital hypothyroidism, glucose-6-phosphate dehydrogenase (G-6PD) deficiency, and cystic fibrosis. 'These are often life-limiting conditions that need timely and advanced diagnostic tools for proper management,' Dr Srinivasan added. At the Chennai facility, high-end diagnostic equipment such as Tandem Mass Spectrometry (TMS) and Next-Generation Sequencing (NGS) machines have already been installed and are operational. These tools allow for the comprehensive screening and diagnosis of rare genetic disorders. TMS, for instance, is used to detect inborn errors of metabolism (IEM), a group of rare disorders caused by enzyme deficiencies that prevent the body from properly converting food into energy. 'With these advanced technologies, we are able to not only diagnose but also offer targeted treatment solutions and genetic counselling to families,' said Dr Srinivasan. 'It marks a crucial step toward bringing precision medicine into the public health system,' he said. The centres in Coimbatore and Madurai are expected to be fully functional in the coming months. Once operational, they will play a pivotal role in addressing the burden of genetic disorders in the state, providing life-saving diagnostics and care to vulnerable children and their families.
New Indian Express
7 days ago
- Health
- New Indian Express
TN to set up centres of excellence for genetic disorder prevention in Coimbatore, Madurai
COIMBATORE: The state health department with the support of National Health Mission (NHM) is preparing to launch Centers of Excellence for the prevention and management of genetic disorders in Coimbatore and Madurai, following the footsteps of Chennai. These centers aim to facilitate genetic research and laboratory tests for conditions such as inborn errors of metabolism and immune deficiencies. Construction of the buildings and procurement of high-value machinery are currently underway, said officials and added that 50% of the work has been completed. Recognising that genetic disorders are a major cause of Infant Mortality Rate (IMR) and Under-Five Mortality Rate (U5MR), the state government has allocated Rs 8.19 crore to establish two new Centres of Excellence in Coimbatore and Madurai, said officials. "The center is already operational at the Institute of Child Health and Hospital for Children (ICH) in Chennai. Efforts to launch similar centers at government medical college hospitals in Coimbatore and Madurai are in progress," said Expert Advisor for Child Health, National Health Mission, Tamil Nadu S Srinivasan. The centers will specialise in a variety of genetic disorders, including hemoglobinopathies like thalassemia and sickle cell anemia, chromosomal disorders, spinal muscular atrophy (SMA), Duchenne muscular dystrophy (DMD), other neuromuscular disorders, lysosomal storage diseases (LSD), mucopolysaccharidosis (MPS), congenital adrenal hyperplasia, congenital hypothyroidism, glucose-6-phosphate dehydrogenase (G-6PD) deficiency, and cystic fibrosis, as outlined in the government order. "We have acquired expensive machinery such as Tandem Mass Spectrometry (TMS) and Next-Generation Sequencing (NGS) for genetic testing, among other equipments, at the ICH in Chennai. With this laboratory, we can screen patients with genetic disorders, diagnose their conditions, and explore potential solutions. For example, inborn errors of metabolism (IEM) are rare genetic conditions that impair the body's ability to convert food into energy due to enzyme defects. Using TMS, we can screen and diagnose IEMs," Dr Srinivasan added.
