Pega Streamlines Digital Transformation with Enhanced Pega Infinity Capabilities

Rhea-AI Summary

Pegasystems Inc (NASDAQ: PEGA) announced the release of Pega Infinity 8.6 during PegaWorld® iNspire on May 4, 2021, aimed at enhancing digital transformation (DT) initiatives. The upgraded software features advanced low-code, intelligent automation, and AI capabilities, facilitating faster and simpler deployments for large enterprises. New functionalities include process optimization through Pega Process AI, improved customer engagement, and enhanced user interface design. The platform is expected to be available by the end of Q2 2021, addressing the growing demand for efficient digital solutions.

Positive

• Launch of Pega Infinity 8.6 enhances digital transformation capabilities.
• New AI features improve customer engagement and operational efficiency.
• Pega Process AI allows for real-time optimization and triaging of customer requests.
• Enhanced low-code capabilities make application development faster and user-friendly.

Negative

• None.

CAMBRIDGE, Mass., May 4, 2021 /PRNewswire/ -- Pegasystems Inc. (NASDAQ: PEGA), the software company that crushes business complexity, today at PegaWorld® iNspire announced the latest evolution of its Pega Infinity™ software suite to help speed and simplify digital transformation (DT) initiatives. With enhanced low-code, intelligent automation, and AI capabilities, Pega Infinity version 8.6 empowers business users to deliver differentiated user experiences with powerful development capabilities that deliver DT at scale for even the largest and most sophisticated global enterprises.

The need for DT today is unavoidable: according to Gartner (1), nearly 70 percent of boards of directors reported that the pandemic and economic challenges are fast-tracking digital initiatives – with worldwide IT spending expected to reach $4 trillion in 2021 (2). But despite this pent-up demand and massive spending, there's still no guaranteed recipe for DT success. These far-reaching initiatives are often threatened by siloed projects, disconnected systems, and complicated deployments that slow time to value and miss expectations. 

The new version of Pega Infinity helps businesses crush the deep complexity that stands in the way of successful DT with a Center-out™ approach. The latest enhancements help improve back-end process efficiencies, streamline front-end customer service processes and interfaces, and enable real 1:1 customer engagement to drive meaningful and lasting transformation. With the speed, scale, and flexibility of Pega Infinity, employees can work smarter to drive impactful outcomes, while end customers can enjoy faster, easier, and more personalized experiences that help increase customer satisfaction and loyalty.

Available by the end of this quarter, Pega Infinity 8.6 will feature new enhancements to Pega Platform™, Pega Customer Service™, and Pega Customer Decision Hub ™ that enable business leaders to:

• Accelerate time to market with new app development, design, and process orchestration capabilities for both professional and citizen developers in Pega Platform, such as:
• Easy-to-design UIs – New low-code capabilities in Pega Platform help enable both professional and citizen developers to easily design exceptional modern user interfaces for their apps. By complementing enhanced front-end design features with proven back-end processing abilities, Pega empowers enterprises to create sophisticated yet simple user experiences on a single low-code platform. For more detailed information, click on our companion announcement released today.
• Self-optimizing AI-powered process optimization – Pega Process AI brings Pega's market-leading AI and decisioning capabilities together with Pega's low-code process automation software to help organizations optimize their business and customer operations in real time. This native combination of intelligence and automation delivers the only solution that can self-optimize and intelligently triage millions of incoming customer requests, transactions, and other events at enterprise scale. This helps enable fast and effective event resolutions while helping lower operating costs and simplify employee and customer experiences. For more details, click on our previous announcement on this feature.
• Workflow orchestration across applications – Previously on a limited trial basis, Pega Process Fabric® becomes available to all users so employees can manage their work in a single location. This helps them work smarter by providing a unified worklist that consolidates tasks from multiple apps – both Pega and non-Pega – in a single location. AI helps ensure the most important work gets top priority. This interwoven and intelligent view of work eliminates inefficient screen switching while providing better visibility and insight into critical customer needs. 
• Simplify customer service with new streamlined capabilities in Pega Customer Service such as:
• Enhanced channel choice: Pega has extended its advanced messaging capabilities into its flagship Pega Customer Service Digital Customer Engagement Edition. This helps allow more businesses to give their customers additional control over how and where they communicate with them. For example, a customer can initiate conversations in their preferred channel - including web messaging (chat), SMS, and third-party messaging apps such as WhatsApp, Facebook Messenger, Twitter, and Apple Business Chat – via a single messaging widget embedded on the client website and switch between channels without disrupting the conversation.
• Expanded Microjourney™ offerings: New Microjourneys for the financial services, insurance, and communications industries provide preconfigured service cases that help efficiently and intuitively resolve common service incidents for customers. These new microjourneys complement a library of over 180 preconfigured service cases available for Pega Customer Service.
• Simpler feature configurations: New enhancements help allow business and IT managers to quickly configure and manage even more Pega Customer Service functions – such as intelligent virtual assistants, search, and customer verification. Updates are now more easily configured using Pega's powerful low-code capabilities in Pega's App Studio.
• Deliver more personalized engagements faster with new AI features for marketers and data scientists in Pega Customer Decision Hub such as:
• More relevant real-time engagement: New capabilities in Next-Best-Action Designer empower marketers to modernize customer journeys and add context to their next-best-action decisions. Now users can map all actions and treatments to specific journey stages, then use data from each customer's journey as predictors that inform their decisioning models. Taken together, this helps improve the relevance of every interaction with that customer in real time.
• Automated AI model management: New Machine Learning Operations (MLOps) capabilities give data scientists an automated, end-to-end process for deploying, updating, and replacing the models used in their next-best-action decision strategies via Pega APIs. Plus, with Shadow Mode, users can compare the performance of the current model to the candidate model using real production data prior to deployment to ensure it will deliver the expected lift.

Pega Infinity is the only solution that unifies customer engagement, customer service, and intelligent automation capabilities within a single platform to help accelerate digital transformation across entire global enterprises. By engaging customers with the right message, at the right time, across any channel, clients can improve customer satisfaction,  increase customer lifetime value, and boost organizational productivity. Most importantly, Pega's low-code environment helps reduce business complexity – resulting in accelerated deployments, faster iteration, and greater customer and employee satisfaction.

Availability
Pega Infinity 8.6 will be available by the end of this quarter (Q2 2021). For more information, visit www.community.pega.com/knowledgebase/products/whats-new/platform to see all the new Pega Platform features and www.community.pega.com/knowledgebase/products/whats-new/crm to review the new customer engagement features. 

The news was announced this morning at PegaWorld iNspire, Pega's annual conference now in its 19th year and second as a virtual event. All sessions and features, including a special session on Pega Infinity 8.6, are live today and quickly available for replay at www.pegaworld.com.

Quotes & Commentary:
"Even after their incredible adaptations in the pandemic, businesses have accelerated into an even more advanced stage of digital transformation," said Alan Trefler, founder and CEO, Pegasystems. "Now is not the time to rest – they must find even more ways to improve efficiencies, meet evolving customer needs, and leverage data for insights. Pega Infinity can help equip them with the tools they need to meet these challenges by becoming faster, smarter, and more effective than the competition."

Supporting Resources:

• Product Updates: What's New in Pega Platform
• Product Updates: What's New in Customer Engagement & CRM
• Product Background: Pega Infinity overview
• Events: PegaWorld iNspire sessions
• Analyst Report: The Forrester Wave™: Real-Time Interaction Management, Q4 2020 names Pegasystems a Leader

About Pega
Pega delivers innovative software that crushes business complexity so our clients can make better decisions and get work done. We help the world's leading brands solve their biggest business challenges: maximizing customer lifetime value, streamlining customer service, and boosting operational efficiency. Pega technology is powered by real-time AI and intelligent automation, while our scalable architecture and low-code platform help enterprises adapt to rapid change and transform for tomorrow. For more information on Pegasystems (NASDAQ:PEGA), visit www.pega.com.

Press Contact:
Sean Audet
Pegasystems        
sean.audet@pega.com
Twitter: @pega                              

All trademarks are the property of their respective owners.

1. Gartner Press Release, "Gartner Says 69% of Boards of Directors Accelerated Their Digital Business Initiatives Following COVID-19 Disruption," September 30, 2020. https://www.gartner.com/en/newsroom/press-releases/2020-09-30-gartner-says-sixty-nine-percent-of-boards-of-directors-accelerated-their-digital-business-initiatives-folloing-covid-19-disruptions

2. Gartner Press Release, "Gartner Forecasts Worldwide IT Spending to Reach $4 Trillion in 2021," April 7, 2021. https://www.gartner.com/en/newsroom/press-releases/2021-04-07-gartner-forecasts-worldwide-it-spending-to-reach-4-trillion-in-2021

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SOURCE Pegasystems Inc.

FAQ

What is Pega Infinity 8.6?

Pega Infinity 8.6 is the latest version of Pegasystems' software suite designed to streamline digital transformation initiatives with advanced low-code and AI capabilities.

When will Pega Infinity 8.6 be available?

Pega Infinity 8.6 is expected to be available by the end of Q2 2021.

How does Pega Infinity help in digital transformation?

Pega Infinity helps businesses by simplifying complex processes, enhancing customer engagement, and optimizing operations through intelligent automation.

What new features are included in Pega Infinity 8.6?

New features include AI-powered process optimization, enhanced user interface design capabilities, and expanded customer engagement tools.

What event was Pega Infinity 8.6 announced at?

Pega Infinity 8.6 was announced at PegaWorld® iNspire, Pegasystems' annual conference.