Ascendion Dominates Generative AI in H1 2024

Ascendion has solidified its position as a leader in generative AI (GenAI) by delivering exceptional results and client impact in the first half of 2024. The company's AVA+ platform has powered over 50 GenAI projects, boosting productivity by 40% and developer efficiency by 50%.

Key highlights:

• Significant client impact: Fortune 500 companies across banking, healthcare, and manufacturing have achieved double-digit savings and accelerated innovation through Ascendion's AI solutions.
• Rapid growth: GenAI-driven revenue surged by 382% compared to the previous year.
• Talent and innovation: Over 1,500 employees are GenAI-literate, and the new Chennai AI Studio fosters collaboration and real-time problem-solving.
• Industry recognition: Ascendion has been named a Market Leader in Generative AI services by leading industry analysts.

"Our commitment to AI-powered engineering has driven unprecedented growth and success," said Karthik Krishnamurthy, CEO of Ascendion. "We are excited to continue pushing the boundaries of GenAI and delivering even greater value to our clients in the second half of the year."

Ascendion's focus on AI arbitrage, offering clients cost-effective AI solutions, has been a key driver of its success. The company's ability to demonstrate tangible results and its investment in talent and innovation have positioned it as a frontrunner in the rapidly evolving GenAI landscape.

Ascendion's AVA+ platform is at the heart of the company's GenAI success. By automating routine tasks and providing intelligent insights, AVA+ has enabled a 40% increase in productivity and a 50% boost in developer efficiency.

Key benefits of AVA+:

• Accelerated development: Automates repetitive tasks, allowing developers to focus on higher-value activities.
• Improved efficiency: Provides data-driven insights to optimize workflows and resource allocation.
• Enhanced quality: Identifies potential issues early in the development process, reducing errors.

Real-World Impact

Ascendion's GenAI solutions have delivered tangible results for clients across various industries.

• Banking: A Fortune 50 bank experienced a 50% increase in productivity and a 40% reduction in effort for data extraction and validation processes.
• Healthcare: A leading healthcare provider improved operational efficiency by 30% and reduced error rates by 50% through a GenAI-driven data de-identification solution.
• Manufacturing: A major manufacturing client boosted operational efficiency by 20% and system efficacy by 25% using GenAI for customer service optimization.