Artificial Intelligence

EXL recognized as a Major Player in IDC MarketScape for Intelligent Automation Services

Published

2 years ago

July 21, 2022

NEW YORK, July 21, 2022 (GLOBE NEWSWIRE) — EXL [NASDAQ: EXLS], a leading data analytics and digital operations and solutions company, today announced that it has been named a Major Player in the IDC MarketScape: Worldwide Intelligent Automation Services 2022 Vendor Assessment (doc #US48061422, May 2022). This is the second IDC MarketScape in this emerging category, and the first time that EXL has been included in the research.

Focused on novel uses of artificial intelligence (AI), machine learning and cloud to automate knowledge work and decisioning environments, the IDC MarketScape spotlights the evolution of business process management into an increasingly data-intensive, technology-driven discipline.

“The old world of traditional business process management rooted in workflow efficiencies and global labor arbitrage is rapidly being replaced by sophisticated, data-driven strategies that are helping businesses transform into more nimble, resilient operations,” said Rohit Kapoor, Vice Chairman and Chief Executive Officer, EXL. “EXL has been leading that evolution by investing heavily in AI, data, cloud and digital capabilities without losing sight of the deep domain expertise in the inner workings of our clients’ businesses. By combining that knowledge with our data-led approach, we’ve been able to differentiate from our competitors and really start to define an entirely new category of data-led transformation.”

Specific EXL initiatives that showcase the company’s groundbreaking work in the intelligent automation space include a recent project with a leading regional bank to develop a next generation buy-now-pay-later solution that seamlessly integrates with partner lending platforms and retailers to transform the retail experience for customers. The solution choregraphs credit analytics, pre-approvals, fraud prevention, and know-your-customer (KYC) support with loan servicing functions, including digital payment and collections, invisibly, in fractions of a second. Similarly, a recent data integration project with Global Insurance Broker leveraged AI and machine learning technologies from EXL to extract and analyze large volumes of unstructured customer communication data to deliver more personalized customer engagement.

The IDC MarketScape included a quantitative and qualitative analysis of 18 Intelligent Automation service providers with global service portfolios. IDC MarketScape is based on a comprehensive and rigorous framework that highlights the factors expected to be the most influential for both short-term and long-term success.

“We are pleased to be named as a Major Player in this rapidly evolving space. We believe we have carved out an entirely new category of data-led automation that leverages a precise combination of technology, redesigned data flows, algorithmic decision support and human-in-the-loop to transform core business functions,” said Ankor Rai, Chief Data Officer, EXL. “That human component is critical because no technology alone is going to work perfectly for every use case and no fully manual, consulting-driven solution will keep pace with the speed required in today’s marketplace. We believe we are unique in our ability to bring all these capabilities to bear for a client, tying the human expertise directly into the technology-driven, data-led automation loop to create breakthrough new solutions.”

To read more about the IDC MarketScape for Worldwide Intelligent Automation Services, visit here. To see case studies about EXL’s intelligent automation services, visit here.

About the IDC MarketScape:
The IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.

About EXL
EXL (NASDAQ: EXLS) is a leading data analytics and digital operations and solutions company that partners with clients to improve business outcomes and unlock growth. By bringing together deep domain expertise with robust data, powerful analytics, cloud, artificial intelligence (“AI”) and machine learning (“ML”), we create agile, scalable solutions and execute complex operations for the world’s leading corporations in industries including insurance, healthcare, banking and financial services, media, and retail, among others. Focused on driving faster decision-making and transforming operating models, EXL was founded on the core values of innovation, collaboration, excellence, integrity and respect. Headquartered in New York, our team is over 39,000 strong, with more than 50 offices spanning six continents. For more information, visit www.exlservice.com.

Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking statements. 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 successfully close and integrate strategic acquisitions, our ability to respond to and manage public health crises, including the outbreak and continued effects of COVID-19 pandemic, are discussed in more detail in EXL’s filings with the Securities and Exchange Commission, including EXL’s Quarterly Report on Form 10-Q and Annual Report on Form 10-K. These risks could cause actual results to differ materially from those implied by forward-looking statements in this release. 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.

Related Topics:AI Artificial Intelligence Machine learning

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Artificial Intelligence

sCrypt Launches Chain-Agnostic Developer Platform for UTXO Blockchains

Published

1 hour ago

July 1, 2024

CISION (PR Newswire)

SAN FRANCISCO, July 1, 2024 /PRNewswire/ — sCrypt, a full-stack Web3/blockchain development platform, has announced the launch of its groundbreaking developer tool kit designed for the Unspent Transaction Output (UTXO) blockchains. The new tools will revolutionise how developers interact with UTXO blockchains, making them more accessible and fostering creativity in the Web3 space.

UTXO is the method the Bitcoin protocol uses to track balances as they move between digital wallets. The UTXO model is essential for maintaining the security and integrity of blockchain networks and solves the double-spend problem.
The sCrypt platform provides comprehensive toolkits such as Software Development Kits (SDK) and Application Programming Interfaces (APIs) that allow developers to seamlessly integrate UTXO blockchains into their applications. The platform will also integrate a vast ecosystem of JavaScript/TypeScript developers, estimated at 13 million globally. These developers can now leverage their existing skills to build and operate on UTXO blockchains.
By doing so, sCrypt opens a world of opportunities, where developers are equipped with the best tools to drive innovation and success.
The SDK provides libraries in various languages, detailed documentation, and tutorials and offer a flexible and robust framework for leveraging payments, tokens, and smart contracts. Whereas APIs allow developers to read from and write into blockchains, without setting up and maintaining their own nodes and indexers. As a tool kit, they allow developers to focus on the business logic of their dApp (decentralised applications), rather than worrying about the underlying blockchain infrastructure.
The platform is chain-agnostic, allowing developers to focus all their intellectual horsepower on application development rather than blockchain specifics. This industry-first platform is designed to power Web3 growth and empower developers to build and scale their dApp efficiently and effortlessly, by leveraging UTXO’s unparalleled scalability and programmability.
Xiaohui Liu, Founder and CEO at sCrypt said, “Historically, Web3 applications have been largely built on account-based blockchains like Ethereum and Solana. Ordinals have brought renewed development interest back to Bitcoin and UTXO blockchains. With our extensive developer tooling and infrastructure, it is now easier than ever to build on UTXO blockchains, empowering builders to unleash UTXO’s superior scalability and programmability.”
Companies utilising the sCrypt platform include BTC platforms, such as Dotswap, the first BRC20 token swap platform on BTC, offer fast and seamless token exchanges, leveraging a fully functioning Automated Market Maker (AMM) and liquidity pools. It uses sCrypt’s APIs to query the status of tokens, including BRC20 and Runes. TierTopis another cutting-edge BTC trading platform that supports Ordinals NFTs, BRC-20 tokens, and bitmaps which rely on sCrypt’s token APIs.
Other businesses using sCrypt include Tokenovate, which leverages sCrypt’s smart contracts to manage trading lifecycle events of derivatives, such as interest-rate swaps and voluntary carbon credits. Additionally, various innovative applications benefiting from sCrypt’s toolkit are Hodlocker, Order Lock by RelayX, Tokenized, 1Sat Ordinals and Yours Wallet.
The sCrypt platform is poised to be a game-changer for developers working within the UTXO framework, offering them resources to develop next-generation blockchain applications and aiming to become the de-facto development platform for UTXO blockchains.
About sCrypt:sCrypt is a UTXO-blockchain development platform that offers a suite of tools and infrastructure to enhance and accelerate the development process of decentralised applications (dApps). It provides a rich set of APIs and software development kits (SDKs) that simplify blockchain interactions, such as querying blockchain data, sending transactions, issuing tokens, and developing smart contracts. It specialises in UTXO blockchains and supports multiple of them, such as Bitcoin and Bitcoin SV.

View original content:https://www.prnewswire.co.uk/news-releases/scrypt-launches-chain-agnostic-developer-platform-for-utxo-blockchains-302186804.html

Artificial Intelligence

ALLATRA President Discussed Climate Change with Pope Francis

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1 hour ago

July 1, 2024

CISION (PR Newswire)

allatra-president-discussed-climate-change-with-pope-francis

The Pope received the President of ALLATRA in an audience at the Vatican
VATICAN CITY, July 1, 2024 /PRNewswire/ — Pope Francis hosted distinguished scientists and experts from various countries and disciplines at a private audience at the Apostolic Palace in Vatican City. The selected attendees were participants in the Three-day International Conference on ‘Generative Artificial Intelligence and Technocratic Paradigm,’ organized by the Centesimus Annus Pro Pontifice Foundation (CAPP) – operating within the Secretariat of State of the Holy See and led by the esteemed Chairwoman, Dr. Anna Maria Tarantola.

Among the invited guests were Dr. A. Egon Cholakian, a National Security Expert, Washington D.C. Governmental Affairs Advisor to the ALLATRA International Public Movement, CAPP Foundation member; and Maryna Ovtsynova, President of the ALLATRA International Public Movement.
During the audience at the Vatican, the President of ALLATRA presented to Pope Francis a climate report ‘On The Progression Of Climatic Disasters On Earth And Their Catastrophic Consequences.’ In their personal conversation, she raised the issue of climate change as a global problem, emphasizing that it represents one of the most pressing challenges for humanity.
During the conversation, Pope Francis listened attentively and expressed his pleasure in offering his blessing to the ALLATRA International Public Movement. Following the event, Maryna Ovtsynova, President of ALLATRA, also personally received a blessing from the Holy See and Pope Francis on this significant day for the ALLATRA organization.
Additionally, the international conference featured discussions on technological innovations that are set to shape the future of civilization.
Since the future of humanity will be played out on the front of technological innovation, Pope Francis stated, “We must not miss the opportunity to think and act in a new way, with mind, heart and hands,” in order to “direct innovation toward a configuration centred on the primacy of human dignity.” – cites ‘Vatican News.’
During the event, in a pivotal discussion with conference organizers, Maryna Ovtsynova, President of the ALLATRA International Public Movement, addressed the pressing global threats to freedom and democracy. Mrs. Ovtsynova addressed the ongoing investigation into the illegal persecution of ALLATRA participants in several countries with low democracy indexes. Specifically, she detailed how they were subjected to a defamation campaign initiated by a Russian anti-cult organization. Additionally, she mentioned that this defamation campaign occurred not only in Russia but also in Ukraine, which indicates the significant influence of the Russian anti-cult organization on Ukraine.
During the conversation, Maryna Ovtsynova also raised the issue that anti-cult organizations, which exist contrary to democratic norms, cast a shadow on faith and on what Christianity stands for—freedom of religion and freedom of conscience.
During an audience on June 22, 2024, Maryna Ovtsynova expressed heartfelt gratitude to Pope Francis for his significant contributions as a responsible and decisive leader in the social integration of the Roman Catholic Church and for strengthening its role in contemporary secular society. She also thanked him for his kindness, warmth, and support during this special moment for ALLATRA.
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Artificial Intelligence

35 Institutions Recognised for Excellence in Education and Innovation in the 2024 Anthology Catalyst Awards

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1 hour ago

July 1, 2024

CISION (PR Newswire)

35-institutions-recognised-for-excellence-in-education-and-innovation-in-the-2024-anthology-catalyst-awards

BOCA RATON, Fla., July 1, 2024 /PRNewswire/ — Anthology, the leading provider of education solutions that support the entire learner lifecycle, today announced the winners of the 2024 Catalyst Awards. The awards honour those driving innovation and excellence within higher education. Winners are recognised across 8 categories and selected by a cross-functional team of Anthology experts and represent the very best in their field.

This year, 35 winners were selected from among 108 nominees from institutions across 19 countries. Honourees will be recognised at the upcoming Anthology Together conference, one of the world’s largest EdTech conferences, taking place July 15-17 in Orlando, Florida.
“The Catalyst Awards celebrate what’s at the heart of higher education and technology – working together to drive student success. It’s inspiring to see the creative programmes and remarkable outcomes,” said Bruce Dahlgren, Chief Executive Officer at Anthology. “I am personally honoured to work with such an incredible community of innovators and educators as we partner together to deliver bold solutions to meet the needs of students and those who support them.”
The 2024 Anthology Catalyst Award winners by category:
Assessment & Institutional Effectiveness: This award recognises institutions that have successfully grown in their assessment practices and influenced positive behavioural changes using Anthology solutions.
Keiser University – Online Division, United States of America: The Online Academic Team – Sherry Olsen, Neha Prakash, and Marcel LarondeOdessa College, United States of America: Institutional Effectiveness Division – Connie MayUniversity of Cincinnati, United States of America: Traci SteehlerUniversity of the District of Columbia, United States of America: The Center for the Advancement of Learning & The Office of Planning and Institutional EffectivenessDiversity, Equity, Inclusion, and Belonging: This award honours those institutions leveraging technology to foster diversity, equity, inclusion, and belonging practices using Anthology solutions to ensure that their services are fully inclusive and supportive of all learners.
Grupo Ser Educacional, Brazil: EaD Management – Janyo Diniz, Joaldo Diniz, Enzo Moreira, Francislene Hasmann, and Sergio MuriloUniversity of Bahrain, Kingdom of Bahrain: Dr. Mazen AliUniversity of Derby, United Kingdom: PLT: Digital Learning and Online Content TeamUniversity of Illinois Chicago, United States of America: Landen DixonInstitutional Advancement: This award recognises institutions that have made significant changes to enhance the alumni and donor experience using Anthology solutions.
Morehead State University, United States of America: Alumni Relations & Development: Jessi Ferguson, Allie Rayburn, and Sherry SurmontUniversity of Louisville, United States of America: Communications & Marketing – Jessica Watts and Natalie TracyUniversity of Washington, United States of America: University AdvancementLeading Change: This award recognises institutions at the forefront of educational innovation that have used Anthology solutions to implement transformational initiatives that generate change on campus and in their academic ecosystems, with measurable results.
Central Michigan University, United States of America: The Office of Curriculum and Instructional Support – Marnie RoestelGrand Valley State University, United States of America: GVSU eLearning TechnologiesNorthumbria University, University of Southampton, College of DuPage, and WSU Tech, United Kingdom and United States of America. International Ally User Group: Kristen McCartney-Bulmer, Northumbria University; Matthew Deeprose, University of Southampton; Krystal Iseminger, WSU Tech; and Lara Tompkins, College of Du PageImam Abdulrahman Bin Faisal University, Kingdom of Saudi Arabia: Deanship of eLearning and Distance Learning – Dr. Muneerah B. AlmahasheerMapúa Malayan Colleges Laguna, Philippines: Mapúa Laguna 4Cers – Dr. Dodjie S. Maestrecampo, Anthony Hilmer S. Medrano, Maribel G. Songsong, Dr. Ramachandra C. Torres, Christian Dominic V. Kare, and John Mark L. AlmarezStudent Experience: This award recognises institutions leveraging technology to develop educational and administrative innovations that positively influence the total learner experience – outside and inside the classroom – and improve operational efficiency.
California Polytechnic State University, United States of America: Division of Student AffairsEdge Hill University, United Kingdom: Learning Design and Student Life TeamsMarshall University, United States of America: Enrollment Management – Dr. Jerry Ross, Dr. Beverly Boggs, and Nathan MillerSam Houston State University, United States of America: Student Involvement – Dr. Meredith Conrey and Emily FigueroaThe University of Memphis, United States of America: Dr. MK TylerStudent Success: This award recognises institutions whose innovative use of Anthology solutions has led to increased retention, increased completion, or improved outcomes through the implementation of new academic and administrative resources, data analytics solutions, scalable advising and intervention strategies and student support programmes.
Bellevue University, United States of America: College of Engineering, Technology and Management – Dr. Matthew Davis, Rebecca Barnes, and Nathan KraftJenison Innovation Academy (JIA), United States of America: JIA Leadership Team – Cameron Kuiper, Dr. Rebekah Redmer, and Krista OsterbergNorthern Border University, Kingdom of Saudi Arabia: Deanship of E-Learning and Knowledge Resources – Dr. Saud Abdul Mohsen Al-Muqahim, Dr. Sultan Munadi Al-Anazi, and Dr. Ghanim Tawash AlAnaziUniversity of Florida, George Mason University, and University of North Carolina at Charlotte, United States of America: Shared Metacognition Team: Dr: Larisa Olesova, University of Florida; David Miller, George Mason University; and Dr. Ayesha Sadaf, University of North Carolina CharlotteTeaching & Learning: This award recognises institutions that have used Anthology solutions in innovative ways to advance learning.
Beacon Red, United Arab Emirates: Knowledge Systems Team – Phil Burgess, Sean McGuinness, Anurag Patel, and Jimmy JosephTechnical and Vocational Training Corporation, Kingdom of Saudi Arabia: E-Learning Center – Abdullah Farhan Aljably and Abdullah AldukhayyelThe University of Texas at El Paso, United States of America: The Center for Instructional DesignUniversidad Abierta Interamericana, Argentina: Faculty of Information Technology – Dr. Marcelo Edgardo De Vincenzi Zemborain, Nicolás Battaglia, and Dr. Carlos NeilWestern Kentucky University, United States of America: IDST 100 Course Development Team – Catie Weaver, Alicia Pennington, Ara Sprouse, and Brittney SholarTraining & Professional Development: This award recognises institutions that display an organisation-wide dedication to innovative training and development programmes for their educators and staff.
William Paterson University, United States of America: The Center for Teaching with Technology – Dr. Jae KimUniversidad Peruana de Ciencias Aplicadas, Peru: Diseño de entornos de aprendizaje DEA – DADO Team – Jessica Vlasica, Milagros Suyo, and Nancy OlmosUniversity of Central Oklahoma, United States of America: Center for eLearning and Connected Environments – Darren DenhamUniversity of Pretoria, South Africa: E-Education GroupWichita State University, United States of America: Office of Instructional ResourcesFor more information on the 2024 Catalyst Award winners, the full list of nominees, and complete category descriptions, please visit www.anthology.com/catalystawards.
About Anthology
Anthology offers the largest EdTech ecosystem on a global scale for education, supporting more than 150 million users in 80 countries. With a mission to provide dynamic, data-informed experiences to the global education community through Anthology Intelligent Experiences™, we help learners, leaders and educators achieve their goals by offering over 60 SaaS products and services designed to advance learning. Discover more about how we are fulfilling our mission for education, business and government institutions at www.anthology.com.
Media Contact: Erin Mitchell, Director of Communications, Anthology. [email protected]
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