EXL and Databricks strengthen partnership to accelerate development of new analytics and GenAI solutions
EXL [NASDAQ: EXLS], a leading data analytics and solutions company, has announced the strengthening of its partnership with Databricks. The collaboration aims to accelerate the development of new analytics and generative AI (GenAI) solutions. Key points include:
1. EXL will build a team of Databricks-certified talent and deploy new data management and GenAI solutions into the Databricks ecosystem.
2. EXL will leverage the Databricks Data Intelligence Platform to help clients harness their data for advanced analytics and AI applications.
3. EXL plans to train and certify data engineers and data scientists in the Databricks ecosystem.
4. The partnership will benefit clients in multiple industries, including insurance, banking, and healthcare.
5. EXL is launching the Databricks Migrations solution, which includes EXL Code Harbor™, a GenAI-enabled tool for migrating legacy codebases.
EXL [NASDAQ: EXLS], un'azienda leader nel settore dell'analisi dei dati e delle soluzioni, ha annunciato il rafforzamento della sua partnership con Databricks. La collaborazione mira ad accelerare lo sviluppo di nuove soluzioni di analisi e intelligenza artificiale generativa (GenAI). Punti chiave includono:
1. EXL formerà un team di talenti certificati da Databricks e implementerà nuove soluzioni di gestione dei dati e GenAI nell'ecosistema Databricks.
2. EXL sfrutterà la piattaforma di intelligenza dei dati di Databricks per aiutare i clienti a utilizzare i propri dati per analisi avanzate e applicazioni AI.
3. EXL prevede di formare e certificare ingegneri di dati e scienziati di dati nell'ecosistema Databricks.
4. La partnership sarà vantaggiosa per i clienti in diversi settori, tra cui assicurazioni, banche e sanità.
5. EXL sta lanciando la soluzione Databricks Migrations, che include EXL Code Harbor™, uno strumento abilitato GenAI per la migrazione di codici legacy.
EXL [NASDAQ: EXLS], una empresa líder en análisis de datos y soluciones, ha anunciado el fortalecimiento de su asociación con Databricks. La colaboración tiene como objetivo acelerar el desarrollo de nuevas soluciones analíticas e inteligencia artificial generativa (GenAI). Puntos clave incluyen:
1. EXL formará un equipo de talento certificado por Databricks y desplegará nuevas soluciones de gestión de datos y GenAI en el ecosistema Databricks.
2. EXL aprovechará la plataforma de Inteligencia de Datos de Databricks para ayudar a los clientes a aprovechar sus datos para análisis avanzados y aplicaciones de IA.
3. EXL planea capacitar y certificar a ingenieros de datos y científicos de datos en el ecosistema de Databricks.
4. La asociación beneficiará a los clientes en múltiples industrias, incluidas las de seguros, banca y salud.
5. EXL está lanzando la solución de Migraciones de Databricks, que incluye EXL Code Harbor™, una herramienta habilitada por GenAI para migrar bases de código heredadas.
EXL [NASDAQ: EXLS]은 데이터 분석 및 솔루션 분야의 선도 기업으로 Databricks와의 파트너십 강화를 발표했습니다. 이 협력은 새로운 분석 및 생성 AI(GenAI) 솔루션의 개발을 가속화하는 것을 목표로 하고 있습니다. 주요 사항은 다음과 같습니다:
1. EXL은 Databricks 인증 인재 팀을 구성하고 Databricks 생태계에 새로운 데이터 관리 및 GenAI 솔루션을 배포할 것입니다.
2. EXL은 Databricks 데이터 인텔리전스 플랫폼을 활용하여 고객이 고급 분석 및 AI 애플리케이션에 데이터를 활용할 수 있도록 도울 것입니다.
3. EXL은 Databricks 생태계에서 데이터 엔지니어 및 데이터 과학자를 교육하고 인증할 계획입니다.
4. 이 파트너십은 보험, 은행 및 헬스케어를 포함한 여러 산업의 고객에게 혜택을 줄 것입니다.
5. EXL은 유산 코드베이스를 마이그레이션하기 위한 GenAI 지원 도구인 EXL Code Harbor™를 포함한 Databricks 마이그레이션 솔루션을 출시하고 있습니다.
EXL [NASDAQ: EXLS], une entreprise leader dans l'analyse de données et les solutions, a annoncé le renforcement de son partenariat avec Databricks. La collaboration vise à accélérer le développement de nouvelles solutions d'analytique et d'intelligence artificielle générative (GenAI). Les points clés incluent:
1. EXL va constituer une équipe de talents certifiés par Databricks et déployer de nouvelles solutions de gestion de données et de GenAI dans l'écosystème Databricks.
2. EXL va tirer parti de la plateforme d'intelligence des données de Databricks pour aider les clients à exploiter leurs données pour des analyses avancées et des applications d'IA.
3. EXL prévoit de former et de certifier des ingénieurs de données et des scientifiques des données dans l'écosystème Databricks.
4. Le partenariat bénéficiera aux clients de divers secteurs, tels que l'assurance, la banque et la santé.
5. EXL lance la solution Databricks Migrations, qui inclut EXL Code Harbor™, un outil habilité par GenAI pour migrer des bases de code héritées.
EXL [NASDAQ: EXLS], ein führendes Unternehmen für Datenanalytik und Lösungen, hat die Stärkung seiner Partnerschaft mit Databricks angekündigt. Die Zusammenarbeit zielt darauf ab, die Entwicklung neuer Analyse- und generativer KI (GenAI) Lösungen zu beschleunigen. Schlüsselpunkte sind:
1. EXL wird ein Team von Databricks-zertifizierten Talenten aufbauen und neue Datenmanagement- und GenAI-Lösungen im Databricks-Ökosystem implementieren.
2. EXL wird die Databricks-Datenintelligenzplattform nutzen, um Kunden dabei zu helfen, ihre Daten für fortgeschrittene Analysen und KI-Anwendungen zu nutzen.
3. EXL plant, Dateningenieure und Datenwissenschaftler im Databricks-Ökosystem auszubilden und zu zertifizieren.
4. Die Partnerschaft wird Kunden in verschiedenen Branchen, darunter Versicherungen, Banken und Gesundheitswesen, zugutekommen.
5. EXL startet die Lösung Databricks Migrations, die EXL Code Harbor™, ein genAI-fähiges Tool zur Migration von Legacy-Codebasen, beinhaltet.
- Strengthening partnership with Databricks to accelerate development of new analytics and GenAI solutions
- Investment in Databricks-certified talent and solution development
- Leveraging Databricks Data Intelligence Platform for advanced analytics and AI applications
- Launching Databricks Migrations solution with EXL Code Harbor™ for efficient legacy code migration
- Expanding capabilities in multiple industries: insurance, banking, and healthcare
- None.
Insights
EXL's strengthened partnership with Databricks marks a significant move in the data analytics and AI space. This collaboration aims to accelerate the development of advanced analytics and GenAI solutions, potentially giving EXL a competitive edge in the market.
Key points to consider:
- EXL's investment in Databricks-certified talent signals a commitment to enhancing their technical capabilities, which could lead to improved service offerings and client satisfaction.
- The development of new solutions on Databricks' Data Intelligence Platform may result in more efficient and powerful data management tools for EXL's clients across various industries.
- The launch of the Databricks Migrations solution, leveraging EXL's GenAI-enabled Code Harbor™ tool, could significantly reduce migration costs and improve efficiency for clients transitioning to new technologies.
For investors, this partnership could translate to increased revenue streams and market share for EXL, especially in high-growth sectors like AI and data analytics. However, the success will depend on EXL's ability to effectively leverage Databricks' technology and deliver tangible benefits to clients.
This partnership expansion has positive implications for EXL's financial outlook:
- Potential for revenue growth through new solution offerings and enhanced capabilities in data analytics and AI.
- Improved operational efficiency for clients could lead to higher customer retention and acquisition rates.
- Investment in talent and technology may increase short-term costs but should drive long-term profitability.
- Expansion into high-margin services like GenAI solutions could boost overall profit margins.
Investors should monitor key financial metrics in upcoming quarters, including revenue growth rates, client acquisition costs and R&D expenses. The success of this partnership could positively impact EXL's valuation, especially if it translates to accelerated growth in the data analytics and AI segments of their business.
EXL to invest in talent and solution development on Databricks’ Data Intelligence Platform
NEW YORK, Sept. 30, 2024 (GLOBE NEWSWIRE) -- EXL [NASDAQ: EXLS], a leading data analytics, digital operations, and solutions company, announces the strengthening of its partnership with Databricks, the data and AI company. Under the agreement, EXL will build a robust team of Databricks-certified talent and deploy new data management and generative AI (GenAI) solutions into the Databricks ecosystem, speeding the development of cutting-edge data management solutions for EXL clients.
EXL will leverage the Databricks Data Intelligence Platform, which enables companies to unify all their data and AI to, help clients fully harness their data for advanced analytics and AI applications. In addition, over the next several months, EXL plans to train and certify data engineers and data scientists in the Databricks ecosystem. This initiative will boost capacity for EXL clients in multiple industries currently using Databricks solutions.
In insurance, for example, EXL will leverage Databricks to help insurance clients analyze their claims cycles and instantly spot anomalies, over-payments, and other inaccuracies. In banking, EXL is working with Databricks to unlock the potential of unstructured transaction data, providing banks with insights that can be leveraged across the customer lifecycle to unlock various risk and marketing use cases. In healthcare, EXL has developed a platform that delivers comprehensive intelligence. It allows subject matter experts to rapidly synthesize big data to detect anomalies in real time, accelerate insights, reduce healthcare costs, and deliver more personalized care. The platform, which was built on Databricks and launched in 2023, is continuously enhanced with GenAI capabilities.
To help clients get the most from Databricks technology, EXL is also launching the Databricks Migrations solution. This solution allows clients to reduce migration costs and improve efficiency by leveraging EXL Code Harbor™ (patent pending), a groundbreaking GenAI-enabled tool that accelerates the migration of legacy codebases to novel and open-source languages. It includes a suite of migration accelerators, from code conversion to automated validation.
“We are excited to expand our partnership with Databricks,” said Vivek Jetley, president and global head of analytics at EXL. “EXL’s domain expertise and robust data, analytics and AI capabilities, along, with the unique value proposition that Databricks offers, will give our clients a significant advantage as they continue to unlock the true potential of their data in a cost-effective way.”
To learn more about the EXL and Databricks partnership, please visit here.
About EXL
EXL (Nasdaq: EXLS) is a leading data analytics and digital operations and solutions company. We partner with clients using a data and AI-led approach to reinvent business models, drive better business outcomes and unlock growth with speed. EXL harnesses the power of data, analytics, AI, and deep industry knowledge to transform operations for the world’s leading corporations in industries including insurance, healthcare, banking and financial services, media and retail, among others. EXL was founded in 1999 with the core values of innovation, collaboration, excellence, integrity and respect. We are headquartered in New York and have more than 55,000 employees spanning six continents. For more information, visit www.exlservice.com.
Cautionary Statement Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. 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 maintain and grow client demand, our ability to hire and retain sufficiently trained employees, and our ability to accurately estimate and/or manage costs, rising interest rates, rising inflation, recessionary economic trends, and ability to successfully integrate strategic acquisitions, are discussed in more detail in EXL’s filings with the Securities and Exchange Commission, including EXL’s Annual Report on Form 10-K. 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 applicable law.
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