Infinia ML announced today that it had been named a Hot Vendor in the field of machine learning by HfS Research. The HfS report notes Infinia's "mission to link ML development to measurable business impact for its clients", its "distinguished leadership team", and its "dedication to research and innovation." According to HfS, Infinia ML's "experience, talent, and IP has earned it the HfS Hot Vendor tag." The report highlights Infinia ML client projects in contract analysis, pay benchmarking, ultrasound image identification, cancer detection, and more. HfS says its Hot Vendors, chosen via a five-step assessment process, "display truly differentiated offerings and out-of-the-box thinking that can be both inspiring and useful."

BENGALURU: As the Indian IT services industry enters 2018, it will see more artificial intelligence (AI)-driven business than ever before, said analysts. While leaders of the $154-billion software services industry foresee fewer human involvement across projects; industry body Nasscom claims a lot of technology firms have started seeing AIbased decision-making. Clients of the IT service providers are increasingly using smart technologies such as using a chatbot over phone call to get banking related services giving rise to AI and automation-driven offerings. This, analysts said, requires more data and machine learning-driven work for technology services providers and lesser human intervention to do low-end work. Overall value of enterprise automation and AI is expected to reach nearly $10 billion globally in 2018, while spend on AI will be around $1.6 billion, wrote Phil Fersht, chief executive officer, HfS Research, in one of his recent blogs.

New Delhi [India], Mar 10: Global leader in digitally-powered business process management and services Genpact has launched its Artificial Intelligence (AI) Reporting solution that harnesses the power of AI technologies to automate financial planning and analysis (FP&A) operations and drive more timely, insightful reporting. CFOs have fast, seamless access to both internal and external data sources like never before, driving more accurate forecasts for quicker, smarter business decisions. Based on multiple studies including a study done jointly by the Genpact Research Institute and HfS Research, CFOs across the board struggle with three challenges in providing actionable insights to their business leaders, including the ability to get relevant disparate data from internal and external sources; delay and the effort it takes for their teams to manage and do basic analysis on that data, reducing its relevance and leaving little scope for predictive analytics and business insight value adds; and lack of reporting mechanism that creates the user experience for business leaders to use that data to drive real time actions. Genpact's cloud-based AI Reporting solution uses advanced digital technologies to help enterprises reimagine the end-to-end financial reporting process. By integrating structured and unstructured data from internal and external sources, and automating reporting processes with predictive analytics, natural language processing and generation, and machine learning, the solution drives greater agility to adapt to new business requirements.

Global leader in digitally-powered business process management and services Genpact has launched its Artificial Intelligence (AI) Reporting solution that harnesses the power of AI technologies to automate financial planning and analysis (FP&A) operations and drive more timely, insightful reporting. CFOs have fast, seamless access to both internal and external data sources like never before, driving more accurate forecasts for quicker, smarter business decisions. Based on multiple studies including a study done jointly by the Genpact Research Institute and HfS Research, CFOs across the board struggle with three challenges in providing actionable insights to their business leaders, including the ability to get relevant disparate data from internal and external sources; delay and the effort it takes for their teams to manage and do basic analysis on that data, reducing its relevance and leaving little scope for predictive analytics and business insight value adds; and lack of reporting mechanism that creates the user experience for business leaders to use that data to drive real time actions. Genpact?s cloud-based AI Reporting solution uses advanced digital technologies to help enterprises reimagine the end-to-end financial reporting process. By integrating structured and unstructured data from internal and external sources, and automating reporting processes with predictive analytics, natural language processing and generation, and machine learning, the solution drives greater agility to adapt to new business requirements.

MUMBAI DELHI: A US-based research firm is predicting that India's IT services industry will lose 6.4 lakh "low-skilled" jobs to automation in the next five years, quantifying the extent of likely pain for the first time, but Indian industry experts are urging caution and point to the other side of the coin -- the creation of new jobs in large numbers. By 2021, HfS Research said that the IT industry worldwide would see a net decrease of 9% in headcount, or about 1.4 million jobs, with countries like the Philippines, the United Kingdom and the United States also taking hits. For its part, IT industry body The National Association of Software and Services Companies (Nasscom) said that the report may not have taken into account all the jobs being created by newer technologies. "Nobody's really seen what automation and robotics will really lead to. There will be some impact of automation but overall we believe that technology adoption will actually lead to more job creation across sectors," Sangeeta Gupta, senior vice president at Nasscom, told ET. "Focus on talent increasingly has to be on skill and not scale. Jobs will exist in other places also, it's not fair to say these many jobs will get eliminated."