Genpact to buy AI company Rage Frameworks InfotechLead

Technology outsourcing company Genpact is set to acquire Rage Frameworks, an automation technology and services providing Artificial Intelligence (AI) for the enterprise. Genpact is making investment in leading technologies, such as AI, as part of its strategy to drive both digital-led innovation and digital-enabled intelligent operations for its clients. Genpact will embed Rage's AI in business operations and apply it to enterprise issues to allow clients to generate insights and drive decisions and action. "As advanced technologies such as AI fundamentally change the definition of work, the ability for CXOs to find and leverage new solutions that combine the best elements of human expertise and machine intelligence, will be critical to their ability to gain and sustain competitive advantage," said NV Tyagarajan, president and CEO of Genpact. Rage provides AI platform in cognitive computing that enables large enterprises to leverage AI techniques and simplify automation challenges.