Endava Creates Agentic AI Industry Accelerator For Highly Regulated Industries
Endava (NYSE 'DAVA') has launched an innovative agentic AI industry accelerator called 'Morpheus', designed to tackle challenges in highly regulated sectors like healthcare, insurance, financial services, and private equity. This accelerator uses large language models and AI to provide transparent and auditable solutions, overcoming common barriers in the industry. The technology is cloud-agnostic and aims to transform businesses by enabling autonomous teams to work more efficiently and meaningfully.
Endava's agentic AI industry accelerator 'Morpheus' is the first of its kind, designed to address challenges in highly regulated industries like healthcare, insurance, financial services, and private equity.
The accelerator ensures transparency and traceability by operationalizing large language models (LLMs) to overcome common barriers in the industry.
Endava's AI accelerator is cloud-agnostic, offering flexibility and trustworthiness to rapidly transform businesses across various industries.
While the agentic AI industry accelerator 'Morpheus' promises innovation and excellence, there may be challenges in implementation and adoption across highly regulated industries.
There could be concerns regarding the scalability of the AI-powered tools and the ability to integrate them seamlessly into existing workflows in regulated sectors.
Data backed solutions provide truly transparent and traceable large language models
To date, large language models (LLMs) and AI have existed in a 'black box' with little insight into how the systems arrive at the answers they provide. Endava is changing this by operationalising LLMs around data to overcome common barriers caused by hallucinations, ensuring that all activity is transparent, knowable, and critically, auditable. Rolling out throughout regulated industries, Endava’s agentic accelerator can be used to deliver value in countless ways such as helping insurers with underwriting policies more efficiently, working with analysts on legal or financial research and due diligence efforts and driving the development and testing of new healthcare products.
'Morpheus' represents the first significant step in applying advanced language model operations to automate complex processes within industries with strict regulatory requirements or data transparency needs. The heart of the design is based on three foundational themes:
- Data at the core with full transparency
- Teams of agents to break down complex workflows
- Dynamic scaling of teams to accelerate processes
Lead AI agents distribute workload amongst a team of specialist agents, collating their results and orchestrating the next workflow steps while also capturing data for traceability and governance at every step. LLM- and cloud-agnostic, Endava’s AI accelerator is a flexible and trustworthy way to rapidly transform businesses across any industry.
Creating data products in this way enables an entirely new avenue of thinking about autonomous teams, removing the notion of constraints and freeing up entire workforces to do more meaningful work.
Matt Cloke, Chief Technology Officer at Endava says, “The introduction of multi-agent teams into our agentic AI industry accelerators is a game-changer for the sectors we serve. 'Morpheus’ will bring new levels of intelligence and synergy to industries that need it, and this is only the beginning. Multi-agent teams represent a significant advancement in AI technology, allowing for more dynamic, flexible and comprehensive problem-solving capabilities. We see it solving complex industry challenges, optimising processes and delivering unprecedented value to businesses and their customers – and we believe there are limitless possibilities as to its long-term application.”
“By bringing in our wealth of engineering and data expertise, we’re turning the mystery of AI into something that is transparent and auditable for those industries that need it most. Endava's continued commitment to innovation and excellence in AI is evident in the design of this accelerator, which promises to redefine industry standards and pave the way for a new era of digital transformation while continuing to evolve with people at the heart of its design,” adds John Cotterell, CEO at Endava.
For additional details on how Endava's agentic AI industry accelerator and its AI-powered tools are redefining possibilities, please visit https://info.endava.com/solutions/agentic-ai-industry-accelerator.
ABOUT ENDAVA PLC:
Technology is our how. And people are our why. By combining world-class engineering, industry expertise and a people-centric mindset, we consult and partner with our customers to create technological solutions that drive innovation and transform businesses. From ideation to production, we support our customers with tailor-made solutions across various industries and all around the world.
Endava services clients in Payments, Banking and Capital Markets, Insurance, TMT, Consumer Products, Retail, Mobility and Healthcare. As of December 31, 2023, 11,539 Endavans provided services from our locations in European Union countries (
View source version on businesswire.com: https://www.businesswire.com/news/home/20240426595067/en/
Hotwire Global
endavauk@hotwireglobal.com
Source: Endava plc
FAQ
What is the name of Endava's agentic AI industry accelerator?
Which industries does Endava's agentic AI industry accelerator target?
How does 'Morpheus' ensure transparency and traceability?
Is Endava's AI accelerator flexible across different industries?
