EXL teams up with Microsoft to use generative AI to drive innovation

Initiative to accelerate time to market with secure and responsible generative AI solutions built on Microsoft Azure OpenAI Service

NEW YORK, Feb. 28, 2024 (GLOBE NEWSWIRE) — EXL [NASDAQ: EXLS], a leading data analytics and digital operations and solutions company, announced a new partnership with Microsoft to co-develop and accelerate generative AI solutions for enterprises. EXL uses Microsoft Azure OpenAI services to power its extensive data and analytics expertise to create rapid value for clients across industries including insurance, healthcare, banking, media, and retail industries. Masu.

The partnership will deliver innovative solutions that help clients accelerate growth, personalize customer experiences, uncover valuable insights and develop new services. EXL’s generative AI platform, Azure OpenAI Service, and decades of experience in data and AI-driven digital solutions enable customers to quickly scale their AI initiatives across the enterprise. This announcement expands EXL’s generative AI platform to include an AI workbench and over 50 AI accelerators.

Microsoft will provide EXL with early access to emerging technologies, engineering expertise, knowledge repositories, and training, allowing EXL’s data scientists and AI experts to stay at the forefront of technological advances. Additionally, EXL will collaborate with Microsoft to build industry and domain-specific accelerators that leverage EXL’s proprietary data, analytics, research and large-scale language models to drive innovation and customer experience.

Rohit Kapoor, Vice Chairman and Chief Executive Officer of EXL, said: “We implement smart frameworks to solve complex business problems and develop use cases that are relevant to our clients’ businesses. By combining our expertise with Microsoft technology, we enable organizations to achieve transformative outcomes.”

John Montgomery, corporate vice president of AI Platforms at Microsoft, said: “The combination of Azure OpenAI services and his EXL data and analytics will create value for his EXL customers across a variety of industries, accelerating digital transformation and creating new growth opportunities.”

EXL and Microsoft have a strong history with cloud and AI. EXL’s Smart Health Platform is built on Microsoft Azure and is currently being used by healthcare organizations seeking to solve some of their biggest challenges in the areas of payment integrity, clinical data, analytics, and pharmacy.

EXL has established a Generative AI Center of Excellence to train 1,500 experts from the company’s team of more than 9,000 data scientists and engineers, focused on rapidly developing generative AI solutions.

Click here to learn more about our generative AI platform and related solutions.

About EXL

EXL (NASDAQ: EXLS) is a leading data analytics and digital operations and solutions company that partners with clients to improve business outcomes and enable growth. By combining deep domain expertise with robust data, powerful analytics, cloud, artificial intelligence, and machine learning, we create agile, scalable solutions for insurance, healthcare, banking and financial services, media, and more. Execute complex operations for the world’s leading companies in your industry. Especially retail. EXL was founded on core values of innovation, collaboration, excellence, integrity, and respect, with a focus on driving faster decision-making and transforming operating models. Headquartered in New York, our team exceeds 50,000 people and is located in more than 50 offices on six continents. For more information, please visit www.exlservice.com.

Cautionary note regarding forward-looking statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You should not place undue reliance on such statements as they are subject to numerous uncertainties and factors relating to EXL’s operations and business environment. Many of these are difficult to predict and beyond EXL’s control. Forward-looking statements include information regarding EXL’s possible or expected future performance, including a description of its business strategy. These statements include words such as “may”, “will”, “should”, “believe”, “expect”, “anticipate”, “intend”, “plan”, ” It may include words such as “estimate,” or similar expressions. These statements take into account management’s experience in the industry, historical trends, current conditions, expected future developments and other factors that it believes to be appropriate under the circumstances. Based on assumptions made by the Company. Please understand that these statements are not guarantees of performance or results. These include known and unknown risks, uncertainties and assumptions. Although EXL believes that these forward-looking statements are based on reasonable assumptions, many factors could affect EXL’s actual financial and operating results and may cause actual results to differ. Please note that forward-looking statements may differ materially. These factors include our ability to sustain and grow customer demand, our ability to hire and retain well-trained employees, our ability to accurately predict costs, rising interest rates, rising inflation and economic downturn trends. includes our ability to estimate and manage and is described below. For more information, please see his EXL filings with the Securities and Exchange Commission, including his EXL Annual Report on Form 10-K. Please note that forward-looking statements made herein or elsewhere speak only as of the date on which they are made. New risks and uncertainties arise from time to time, and it is impossible to predict these events or how they may affect EXL. EXL undertakes no obligation to update any forward-looking statements after the date hereof, except as required by federal securities laws.

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