Artificial Intelligence
PwC global revenues rise to record US$53.1 billion
Revenues grow by 9.9% in local currency and 5.6% in US dollarsMore than 36,000 net new jobs created taking total workforce to more than 364,000US$3.7 billion of new investment around the world including 17 acquisitions from cloud to climate changeLONDON, Oct. 24, 2023 /PRNewswire/ — For the 12 months ending 30 June 2023, PwC firms around the world reported record gross revenues of US$53.1 billion, growing by 9.9% in local currency and 5.6% in US dollars over the FY22 gross revenues of US$50.3 billion.
Growth from continuing operations, excluding Russia which left the PwC network on 4 July 2022, and our Global Mobility and Immigration business which was sold on 29 April 2022, increased by 11.8%, reflecting the quality of the work delivered by over 364,000 professionals around the world and the power of the PwC brand.
Bob Moritz, Global Chair, PwC said:
“Our focus on delivering the quality services that our stakeholders need to prosper today and to prepare their organisations for the future has driven another year of growth for us. As we come up to our 175th anniversary, we continue to invest in the future of our network with strategic acquisitions in key growth areas and a drive to expand our workforce and continue to acquire a broad and diverse range of talent. Providing the best quality services we can is the focus of all of my colleagues around the world and the foundation of our success. I am proud of the hard work and dedication our PwC people have shown over the last year.”
Revenues grow across the worldWhile some countries continue to battle high inflation and economic growth remains sluggish in a number of key economies, revenue growth was steady throughout the year across the PwC network.
Europe, Middle East and Africa (EMEA) revenues were up by 10.2%. Consolidated revenues from the UK and Middle East rose by 16% (18% for continuing operations), while in Germany they increased by 13.1%. Across Africa, revenues grew more slowly, up 4.1%, with a strong performance from South Africa, coupled with more challenging market conditions elsewhere across the continent.Excluding revenues from Russia from the prior year, Central and Eastern Europe (CEE) saw growth of 15.2% as the economic impact of the war in Ukraine lessened across most of the region.Asia Pacific revenues were up 7.2%, with a very strong performance from India, which was the fastest growing large firm in the PwC network with a revenue increase of 24%. Australia grew by 10.7%.Across the Americas, revenues were up by 10.7%, with the US growing by 11.2%, Canada by 4.5% (10.9% for Continuing Operations). In Brazil, which for the second year posted the strongest revenue growth across South and Central America, revenues were up by 14.3%.Strong results across all lines of businessEach of our lines of business – Assurance, Advisory, and Tax and Legal Services – saw revenues grow in FY23.
AssuranceRevenues from our assurance operations grew by 8.9% to US$18.7 billion (FY22: US$18.0 billion). Audit remains the cornerstone of our brand and the key driver for growth in our Assurance business. In an increasingly volatile world, the market continues to value an independent, objective view over reported financial information and the trust it builds in the capital markets. Our audit business has continued to grow over the last year as we manage complex market dynamics, such as auditor rotation, regulation and increasing competition. We also see increasing demand for assurance over a range of non-financial information, such as cyber and ESG disclosure, as companies seek to build trust with their stakeholders in new areas. We expect to see this trend continue in future years.
Over the past year, we also saw substantial growth in our risk services. Geopolitical conflict and an inflationary environment have caused significant uncertainty. We have guided organisations to navigate this uncertainty, helping them bring confidence and delivering better business outcomes in areas such as regulatory response and remediation.
We also saw strong demand for our risk modelling and actuarial offerings as organisations increasingly seek assurance in broader areas.
AdvisoryRevenues from our advisory operations grew by 13% to US$22.6 billion (FY22: US$20.7 billion).
Much of the growth in our Advisory business has been driven by our clients’ focus on the need to digitally transform their business models. We have strengthened our relationships with our key technology Alliance partners to go-to-market and deliver sustained outcomes, which has driven a 40% increase in revenues from alliances. We’ve also met the demand of our clients to deliver across the entire value chain – from strategy and implementation to run and operate – driving significant growth in our Managed Services business.
While challenging economic conditions continued to result in generally slow deal activity in a number of key markets around the world, our work to advise on and support our clients’ mergers, acquisitions and disposals remained relatively strong throughout the year. In addition, our work to support corporate reorganisations or distressed enterprises also expanded.
Tax and Legal ServicesRevenues from our Tax, Legal and Workforce businesses grew strongly in FY23, up by 12.5% to US$11.8 billion, compared with growth of 8.7% in the previous year. These growth numbers exclude revenues from our global mobility and immigration business which was sold on 29 April 2022. The sale of this business has allowed us to increase investment in both our core Tax, Legal and Workforce operations and in new business areas and capabilities (such as alliances and AI), which has helped drive our strongest growth for ten years.
Businesses are undergoing significant transformative changes, leading to a strong demand for Workforce services as clients seek support boosting workforce productivity and employee experiences in the face of new technology and disruption. Also driven by transformation has been the growth in our Legal Business Solutions operations in response to increasing demand for Managed Legal Services and Legal Tech Advisory & Implementation.
Demand for Connected Tax Compliance, a PwC integrated service-offering, continued to grow strongly as clients across the world grappled with added regulatory complexity and increasing compliance responsibilities. In addition, we are helping clients deal with increased tax and legal sustainability requirements, including the payment of so-called “green” taxes and compliance with environmental regulation.
Investing in the PwC of tomorrowAcross the PwC network, we invested US$3.7 billion during FY23, following investments of more than US$3.1 billion in FY22.
In addition to investments in attracting experienced teams and people to PwC firms around the world, PwC firms completed 17 acquisitions and five strategic investments around the world in FY23, expanding our professional capabilities in a number of key areas particularly in the areas of technology consulting and cloud.
Across our network we are investing nearly $2 billion to grow and scale our AI capabilities by launching partnerships with multiple AI leaders, as well as rolling out AI tools across all of our lines of service.
Enhancing our quality
“Delivering high-quality work is at the heart of what we do at PwC and it is rightly what our stakeholders expect of us. Quality outcomes require the right culture, which requires the right leadership that sets the tone from the top, and a comprehensive and proactive system of quality management. And, when we don’t meet our quality standards, we learn from the experience, hold ourselves accountable, and work to get better,” said Dana McIlwain, Chief Administrative Officer and Global Operations Leader, PwC US.
Every year we publish our internal audit inspection results. For the 2023 inspection cycle, of the 1,756 audit reviews completed to-date, 95.8% were compliant or compliant with improvement required and 4.2% were rated as non-compliant. We continue to invest heavily in enhancing audit quality and to learn from our mistakes including US$1 billion in a multi-year programme to empower our auditors to deliver next-generation, technology-assisted audits.
Building the workforce of the futureIn June 2021 we set ourselves a target to create 100,000 net new jobs by 2026. In FY22, we created more than 32,000 new jobs, and in FY23 we added more than 36,000 positions, taking our global community of solvers to more than 364,000 professionals in 151 countries around the world. At the current rate, we are on course to meet our target of 100,000 new jobs by 2024, two years ahead of schedule.
Training and upskilling our people, and giving them the skills to build successful careers as part of a community of solvers, is key to the current and future success of PwC. In FY23, we continued to invest in training our people around the world, and the average amount of time spent on training a PwC person in FY23 was 65.7 hours.
While there is always more to do in making PwC the best place to work for our colleagues, last year eight in 10 of our people said: PwC is a great place to work (80%), a place where they ‘belong’ (79%), a place to apply newly developed skills (82%), and a place they expect to be still working at in a year (78%).
Playing our part in the societies and communities where we live and workThis year, for the first time, we are separately publishing a Global Transparency Report that includes how we are performing against the 55 World Economic Forum’s (WEF) Stakeholder Capitalism Metrics, along with our Network Environment Report. Reporting on the broader impact we have as an organisation – and not just our financial performance – allows our stakeholders to evaluate us not just on the revenues we generate, but on our impact on people, society and the planet.
Of the 39 WEF metrics that are relevant to our business, we fully or partially comply with 35. We have made progress on our reporting against these metrics in recent years and will continue to look at ways we can increase our transparency in future years.
In addition, we’re reporting on our global climate performance using the Task Force on Climate-related Financial Disclosures (TCFD) framework. We remain on track to meet our net zero commitments and science-based targets. We have achieved a 61% reduction in scope 1 & 2 greenhouse gas emissions vs our FY19 baseline, and cut indirect scope 3 emissions from business travel by 49% vs FY19. Our member firms are looking at a number of ways to reduce business travel emissions further in the future, including by introducing carbon caps on travel and greater use of virtual meetings. Eighteen percent of our Purchased Goods and Services suppliers (by emissions) have set their own science-based targets to reduce their climate impact and another 10% have committed to doing so in the future. We counterbalance our remaining energy and mobility emissions through the purchase of quality carbon credits.
Supporting and helping the communities in which we live and work is very important to our people all around the world. We contribute to our local communities by volunteering and offering our services on a pro-bono or discounted basis. Last year, more than 42,000 PwC people contributed more than 870,000 hours to activities supporting charities, NGOs and local organisations.
PwC’s Global Office for Humanitarian Affairs (GOHA) leverages the PwC network’s skills and resources to respond to emerging humanitarian needs and protracted humanitarian crises. This year marks five years supporting refugees with medical support in Bangladesh and also a new support programme for Syria and Türkiye for families impacted by the recent earthquakes. PwC raised more than US$5 million in-kind and in monetary donations to shelter Ukrainians and to aid the long-term rebuilding of the country.
Bob Moritz, Global Chair, PwC, concluded:
“As part of our commitment to reporting on our broader impact as an organisation, we are publishing our Global Transparency Report. There is much we can be proud of as we reflect on the work we do, volunteering in communities around the world, and as we drive towards net zero. But there is always more we can do. Being transparent about where we are and how much further we have to go is a key part of holding ourselves to account.”
Aggregated revenues of PwC firms by geographic region (US$ millions)
FY23 at FY23 exchange rates
FY22 at FY22 exchange rates
% change
% change at constant exchange rates
Americas
23,535
21,336
10.3
10.7
Asia Pacific
10,011
9,862
1.5
7.2
EMEA
19,548
19,096
2.4
10.2
Gross revenues
53,094
50,294
5.6
9.9
The percentage changes at constant exchange rates reflect local currency growth without the impact of US dollar exchange rates.
Aggregated revenues of PwC firms by line of service (US$ millions)
FY23 at FY23exchange rates
FY22 at FY22exchange rates
% change
% change at constant exchange rates
Assurance
18,728
18,009
4.0
8.9
Advisory
22,599
20,708
9.1
13.0
Tax and Legal Services
11,767
11,577
1.6 (7.8*)
5.8 (12.5*)
Gross revenues
53,094
50,294
5.6
9.9
Expenses and disbursementson client assignments
(2,395)
(1,980)
21.0
26.6
Net revenues
50,699
48,314
4.9
9.2
The percentage changes at constant exchange rates reflect local currency growth without the impact of US dollar exchange rates.
FY23 revenues are the aggregated revenues of all PwC firms. They are expressed in US dollars at average FY23 exchange rates. FY22 aggregated revenues are shown at average FY22 exchange rates. Gross revenues are inclusive of expenses billed to clients. FY22 figures have been restated to reflect current business structures in operation in FY23. Interterritory revenues are not included in the aggregated figures.
*The growth rates for Tax and Legal services includes revenues from our Global Mobility and Immigration business, which was sold on 29th April 2022 in the prior year comparison. Excluding revenues from the sold business, revenues at constant exchange rates grew by 12.5% instead of 5.8% and at variable exchange rates by 7.8% instead of 1.6%.
About PwCAt PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 151 countries with over 364,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at www.pwc.com. PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details.
To learn more, read PwC’s 2023 Global Annual Review, which showcases how our workforce came together to help our clients and stakeholders manage the challenges of everything from climate change to AI, as well as PwC’s 2023 Global Transparency Report, and PwC’s 2023 Environment Network Report.
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Artificial Intelligence
Iridium to Collaborate with Nordic Semiconductor on Iridium NTN Direct integration
MCLEAN, Va., Oct. 9, 2024 /PRNewswire/ — Iridium Communications Inc. (NASDAQ: IRDM), a leading provider of global voice and data satellite communications, today announced its collaboration with Nordic Semiconductor for early integration of its Iridium NTN Direct℠ service into Nordic’s LTE-M/NB-IoT modules and chipsets. Nordic Semiconductor is a global leader in low power wireless connectivity solutions including cellular IoT (LTE-M, NB-IoT), Wi-Fi, Bluetooth LE, and Thread and is trusted by world leading brands across the consumer, industrial, and healthcare segments. Nordic’s complete cellular IoT solutions are ideally suited for connected devices for global tracking, utility metering and industrial remote monitoring and control.
Iridium NTN Direct is planned to be the world’s first truly global NB-IoT service. The product of Iridium’s Project Stardust initiative, Iridium is developing this capability in coordination with the 3rd Generation Partnership Project’s (3GPP) recent decision to accept Iridium enabling enhancements in its next release. This would allow Iridium’s satellite service to be accessible by any device with a 3GPP release 19 compliant chipset. Nordic plans to incorporate the Iridium NTN Direct service’s truly global communication capability as part of its 3GPP release 19 NTN roadmap, taking advantage of the established reliability and experience of the Iridium® network.
“Nordic Semiconductor is an industry leader that continues to be at the forefront of innovation with its low power LTE-M and NB-IoT modules and chipsets,” said Bryan Hartin, executive vice president, Iridium. “The integration of Iridium NTN Direct into its modules and chipsets marks a new chapter in Nordic’s storied history and will create a universe of consumer and industrial devices with the capability to stay connected from anywhere on earth. We look forward to working with Nordic Semiconductor and them bringing both their chipset- and device-side experience to the Iridium ecosystem.”
“Iridium is a global leader in satellite communications,” said Oyvind Birkenes, executive vice present for the Long Range BU at Nordic Semiconductor. “It is exciting that Iridium is taking the step to enable low-cost, 3GPP-standard NB-IoT modules and chipsets like Nordic’s nRF9151 to connect to its network of satellites. This helps bring the vision of universal connectivity for global and massive IoT to life.”
The Iridium network is ideal for D2D and NB-IoT services with its truly global coverage, weather-resilient, globally coordinated spectrum, and history of providing safety of life services with the highest reliability. 3GPP Release 19 is expected to be formally completed by the end of 2025. Iridium will share more information about Iridium NTN Direct at Mobile World Congress Las Vegas’s NTN Summit on Wednesday October 9, 2024.
For more information about Iridium NTN Direct visit: www.iridium.com/ntn-direct
About Iridium Communications Inc.
Iridium® is the only mobile voice and data satellite communications network that spans the entire globe. Iridium enables connections between people, organizations, and assets to and from anywhere, in real time. Together with its ecosystem of partner companies, Iridium delivers an innovative and rich portfolio of reliable solutions for markets that require truly global communications. In 2024, Iridium acquired Satelles and announced the Iridium Satellite Time and Location service. Iridium Communications Inc. is headquartered in McLean, Va., U.S.A., and its common stock trades on the Nasdaq Global Select Market under the ticker symbol IRDM. For more information about Iridium products, services, and partner solutions, visit www.iridium.com.
Forward-Looking Statements Disclosure
Statements in this press release that are not purely historical facts may constitute forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. The Company has based these statements on its current expectations and the information currently available to us. Forward-looking statements in this press release include statements regarding 3GPP Release 19, the capabilities, benefits and timing of the proposed Iridium NTN Direct service, and the planned integration of Iridium NTN Direct technology by Nordic Semiconductor. Forward-looking statements can be identified by the words “anticipates,” “may,” “can,” “believes,” “expects,” “projects,” “intends,” “likely,” “will,” “to be” and other expressions that are predictions or indicate future events, trends or prospects. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Iridium to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, whether the final 3GPP Release 19 includes NB-IoT NTN specifications compatible with the Iridium network, the timing of 3GPP Release 19, the successful technical development of Iridium NTN Direct, the successful integration of Iridium NTN Direct by Nordic Semiconductor, and uncertainties regarding the company’s ability to maintain the health, capacity and content of its satellite constellation, as well as general industry and economic conditions, and competitive, legal, governmental and technological factors. Other factors that could cause actual results to differ materially from those indicated by the forward-looking statements include those factors listed under the caption “Risk Factors” in the Company’s Form 10-K for the year ended December 31, 2023, filed with the Securities and Exchange Commission (the “SEC”) on February 15, 2024, and the Company’s Form 10-Q for the quarter ended June 30, 2024, filed with the SEC on July 23, 2024, as well as other filings Iridium makes with the SEC from time to time. There is no assurance that Iridium’s expectations will be realized. If one or more of these risks or uncertainties materialize, or if Iridium’s underlying assumptions prove incorrect, actual results may vary materially from those expected, estimated or projected. Iridium’s forward-looking statements speak only as of the date of this press release, and Iridium undertakes no obligation to update forward-looking statements.
Press Contact:Jordan HassinIridium Communications [email protected]+1 (703) 287-7421X: @Iridiumcomm
Investor Contact:Kenneth LevyIridium Communications [email protected]+1 (703) 287-7570
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Artificial Intelligence
Infosys and Microsoft Expand Strategic Collaboration to Accelerate Customer Adoption of The Microsoft Cloud and Generative AI
In conjunction with Microsoft, Infosys Cobalt, Topaz, and Aster will aim to enhance customer experiences and drive global adoption of enterprise AI
BENGALURU, India, Oct. 9, 2024 /PRNewswire/ — Infosys (NSE: INFY), (BSE: INFY), (NYSE: INFY), a global leader in next-generation digital services and consulting, today announced an expansion of its collaboration with Microsoft to help accelerate customer adoption of generative AI and Microsoft Azure, globally. The strategic collaboration is aimed at helping Infosys’ and Microsoft’s joint customers realize the value of their technology investments and secure transformative outcomes.
Infosys and Microsoft’s generative AI collaboration commenced when Infosys became an early adopter of GitHub Copilot, which enabled them to realize significant efficiencies in code modernization and completion. Infosys is a top GitHub Copilot “customer zero” with currently over 18,000 developers who have generated and used more than 7 million lines of code from Copilot. Coupled with its recently launched, an industry-first, GitHub Center of Excellence (CoE), Infosys is uniquely positioned to offer enterprise AI innovation to customers around the world.
In addition, Infosys was chosen as a strategic supplier to support Cloud and AI workloads for Microsoft’s enterprise customers. Infosys will infuse Microsoft’s generative AI suite of offerings across its Solution IP portfolio to bring unique capabilities to market, helping clients achieve cost-efficiency, scalability, and agility.
In conjunction with Microsoft’s technology and its own industry-leading AI and Cloud suite of offerings, Infosys Topaz and Infosys Cobalt, as well as its AI-powered marketing suite Infosys Aster, the collaboration will help enhance customer experiences and drive the global adoption of enterprise AI.
The scope of this expanded collaboration will include:
Financial Services – Infosys’ domain expertise with Finacle, alongside Microsoft’s advanced capabilities will enable financial institutions to engage, innovate, operate, and transform more efficiently.Healthcare – Infosys Helix, a next-gen healthcare payer platform built on Microsoft Azure, uses AI/ML automation to optimize patient outcomes, will provide access to care, and enhance constituent experiences, while streamlining processes and reducing costs.Supply Chain – This sector will see optimized processes and increased agility through the combined strengths of TradeEdge and Azure OpenAI service.Telecommunications – Microsoft’s generative AI and Infosys Live Operations platforms will deliver enhanced connectivity and customer experiences.Infosys Energy Management Solution, coupled with Microsoft’s commitment to sustainability, will accelerate the NetZero journey for customers.Customer service – Infosys Cortex, an AI-driven customer engagement platform, integrates Microsoft GenAI and Copilot to deliver specialized and individualized copilot assistance to every member of a customer service organization.Many of these solutions will be available on Azure Marketplace, allowing customers to utilize their Microsoft Azure Consumption Commitment (MACC), creating a mutually beneficial market proposition.
As the collaboration grows, both companies are also focusing on sharing best practices for Responsible AI. Infosys is a key partner in The Microsoft Responsible AI Partner Initiative, contributing to the development of ethical AI guidelines through Infosys’ Responsible AI (RAI) Office. Skilling efforts are also part of the collaboration, ensuring that the workforce is equipped with the necessary expertise to support these initiatives.
Anand Swaminathan, EVP and Global Industry Leader – Communications, Media and Technology, Infosys, said, “This collaboration addresses various business problems by delivering heightened value to clients through a customer-centric approach, providing scalability, agility, and cost-efficiency across key sectors like Finance, Healthcare, Supply Chain, and Telecommunications. As Infosys and Microsoft embark on this transformative journey together, we are poised to redefine industry standards and empower organizations to thrive in the era of generative AI.”
Nicole Dezen, Chief Partner Officer at Microsoft, said, “Our expanded collaboration with Infosys will transform industries, enhance business operations, elevate employee experiences, and deliver new value for customers. Together, we will harness the power of generative AI to deliver innovative solutions, drive AI Adoption and enable unprecedented innovation for customers.”
About Infosys
Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. We enable clients in more than 56 countries to navigate their digital transformation. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, as they navigate their digital transformation powered by cloud and AI. We enable them with an AI-first core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.
Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.
Safe Harbor
Certain statements in this release concerning our future growth prospects, or our future financial or operating performance, are forward-looking statements intended to qualify for the ‘safe harbor’ under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results or outcomes to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding the execution of our business strategy, increased competition for talent, our ability to attract and retain personnel, increase in wages, investments to reskill our employees, our ability to effectively implement a hybrid work model, economic uncertainties and geo-political situations, technological disruptions and innovations such as Generative AI, the complex and evolving regulatory landscape including immigration regulation changes, our ESG vision, our capital allocation policy and expectations concerning our market position, future operations, margins, profitability, liquidity, capital resources, our corporate actions including acquisitions, and cybersecurity matters. Important factors that may cause actual results or outcomes to differ from those implied by the forward-looking statements are discussed in more detail in our US Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2024. These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company’s filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.
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NEW YORK, Oct. 9, 2024 /PRNewswire/ — Fractal (www.fractal.ai), a global provider of artificial intelligence and advanced analytics solutions to Fortune 500® companies, announced today that it has achieved the Amazon Web Services (AWS) Generative AI Competency. This milestone recognizes Fractal’s expertise and commitment to leveraging AI technologies to drive innovation and transformation for its global clients.
The AWS Generative AI Competency identifies partners who have demonstrated technical proficiency and customer success in areas critical for deploying generative AI technologies. Fractal’s achievement of the AWS Generative AI Competency highlights its technical expertise and customer success in areas like minimizing hallucinations, prompt engineering, and model customization.
“We are honored to achieve the AWS Generative AI Competency, which underscores our commitment to pushing the boundaries of AI innovation,” said Dylan Dias, Chief Alliance Officer, Fractal. “This recognition from AWS is a testament to our team’s hard work and expertise in developing and deploying generative AI solutions that create tangible value for our clients. We look forward to continuing our partnership with AWS to empower businesses with AI technologies that drive meaningful transformation.”
With experience in Generative AI projects, Fractal helps clients drive digital transformation by enhancing customer experiences, delivering personalized content, streamlining workflows, and providing actionable insights powered by AWS technology. Through AI-driven insights, Fractal enables organizations to achieve faster decision-making, greater efficiency, and deeper customer engagement.
With this accomplishment, Fractal joins a group of partners recognized by AWS. With this competency Fractal aims to drive new business opportunities and reinforce its trusted partnership with AWS. Fractal continues to build on its existing AWS competencies in data and analytics, retail, and financial services, further establishing its credentials as a AI-powered solution provider.
The AWS Competency Program connects customers with trusted AWS Competency Partners, recognized for their expertise and ability to deliver reliable solutions on AWS. These partners are essential in helping organizations of all sizes efficiently adopt, develop, and implement complex AWS projects while following industry best practices.
About Fractal
Fractal is one of the most prominent providers of Artificial Intelligence to large global enterprises. Fractal’s vision is to power every human decision in the enterprise, and bring AI, engineering, design & domain to help the world’s most admired companies.
Fractal’s businesses include Asper.ai (AI for revenue growth management) and Flyfish (Generative AI for Sales). Fractal incubated Qure.ai, a leading player in healthcare AI for detecting Tuberculosis, Lung cancer, heart failure and stroke.
Fractal has over 4600 employees across 18 global locations, including the United States, UK, India, Singapore, Middle East and Australia. Fractal has been recognized as “Great Workplace” and “India’s Best Workplaces for Women” in the top 100 (large) category by The Great Place to Work® Institute; featured as a leader in Data Engineering services 2024 & Data Science Services 2024 by Information Services Group, Leader in AI and Analytics Services Specialists Peak Matrix Assessment 2024 by Everest Group, Leader in Customer Analytics Service Providers Wave™ 2023 by Forrester Research, Inc.
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