Tag Archives: Coforge

Coforge launches Copilot Innovation Hub with Microsoft to accelerate enterprise adoption of Generative AI

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Digital services and solutions provider Coforge has collaborated with Microsoft to establish the Coforge Copilot Innovation Hub. The Hub will focus on developing a pipeline of new industry specific generative AI solutions and will work closely with Microsoft to integrate these solutions with Microsoft’s generative AI products and technologies, including Microsoft Azure OpenAI Service, Microsoft Power Platform, and Microsoft Copilot.
As part of the Copilot Innovation Hub, Coforge announced the availability of two new copilots: Underwriter Copilot for insurance carriers and Advisor Copilot for financial services organizations. The Underwriter Copilot for Insurance is an innovative solution designed to empower insurance underwriters with informed decision-making capabilities and enhanced control, offering a pathway to better ROI and a seamless approach to navigating the complexities of underwriting. The solution focuses on improving combined ratios for carriers by two to three percent, unlocking new revenue opportunities. By using Underwriter Copilot, insurance carriers can increase their underwriter productivity and efficiency by 30-35 percent.
The Coforge Advisor Copilot solution allows financial advisors to access comprehensive fund information and performance data swiftly through a user-friendly interface, eliminating the need for time-consuming searches across various tools, documents, and data sources. The solution is intended to increase the productivity of financial advisors and asset managers by more than 30 percent.
“Coforge is taking advantage of its deep industry strengths and customer partnerships in building industry specific generative AI solutions on the Microsoft platform to drive transformation and enhance productivity,” said Sudhir Singh, Executive Director & CEO of Coforge. “This collaboration with Microsoft will further accelerate our efforts to deliver industry leading generative AI solutions to our customers.  We are today introducing two new copilots: Underwriter Copilot for insurance carriers and Advisor Copilot for financial services organizations,” he further added.
“The Coforge Copilot Innovation Hub is a testament to our joint commitment to transform and scale organizational capabilities of financial services organizations worldwide. The use of generative AI has nearly doubled in the last six months, with 75% of people using AI at work, according to the 2024 Work Trend Index Annual Report. Together, Coforge and Microsoft are committed to leading the way in AI adoption, driving innovation, and unlocking business value for enterprises globally,” said David Smith, Vice President, WW Channel Sales, Microsoft.
These copilots will use Microsoft’s generative AI products and technologies to enhance productivity by automating manual tasks, improve decision-making by making recommendations based on enterprise data, and improve operational efficiency by streamlining and optimizing business processes.  These solutions will accelerate transformation and create new value streams for clients.
The Coforge Copilot Innovation Hub will enable frictionless adoption of Microsoft’s generative AI offerings for greater efficiencies and superior business outcomes.

Coforge collaborates with Microsoft to use Generative AI for enterprises

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Global digital services and solutions provider Coforge has announced an initiative with Microsoft Azure OpenAI Service to aid the adoption of Generative Artificial Intelligence (AI) across enterprises. Coforge’s Generative AI solutions offer enterprises a comprehensive toolkit to address complex challenges and unlock new growth opportunities using AI.

Coforge’s Generative AI solutions, using Azure OpenAI Service, support innovation by enabling creative problem-solving and optimizing processes at scale. They enhance decision-making with data-driven insights, elevate customer interactions, streamline operations, and accelerate digital transformation efforts. This collaboration between Coforge and Microsoft empowers enterprises to embrace AI’s potential for growth and efficiency across various aspects of their operations.

Coforge already has an impressive track record of developing POCs and explorations for several cases utilizing Generative AI with its clients are underway. Coforge also offers Gen AI solutions on the Azure Marketplace.

Coforge’s collaboration with Microsoft underscores its commitment to develop a collaborative ecosystem that fosters innovation, knowledge sharing, and the exchange of best practices in Generative AI adoption. As a part of the initiative, Coforge will be rolling out specialized workshops, training sessions, and resources to help enterprises understand the benefits of Generative AI and successfully implement it in their operations.

Vic Gupta Executive Vice President, Microsoft Business Unit, Coforge said, “Coforge’s collaboration with Microsoft to develop Generative AI solutions marks a significant milestone in our journey to transform enterprise possibilities. Benefitting from Microsoft Azure OpenAI Service, we are committed to delivering innovative solutions that empower businesses to embrace AI-driven transformation.”

“We are pleased to collaborate with Coforge to accelerate Generative AI adoption among enterprises worldwide,” said Sangita Singh, General Manager IT&ITES, Microsoft India. “Over the course of our collaboration, Coforge has consistently demonstrated expertise in harnessing the power of Generative AI, utilizing Microsoft Azure OpenAI Service. Their comprehensive approach to innovation, spanning research, development, and deployment of seamlessly integrated solutions, showcases their commitment to driving transformative outcomes.”

This announcement follows Coforge’s recent launch of Coforge Quasar, a Gen AI Platform designed to build Enterprise AI capabilities. It comes pre-loaded with a comprehensive set of APIs readily available for integration. Coforge also recently launched Quasar Responsible AI- a comprehensive solution to ensure AI is ethical, fair, transparent, and regulatory compliant.

Coforge’s Generative AI solutions, using Azure OpenAI Service, are poised to reshape the business landscape by ushering in a new era of AI-driven possibilities. Enterprises that embrace this initiative will be better equipped to navigate the challenges of today’s evolving business environment and seize the opportunities of tomorrow.

Coforge launches Quasar Responsible AI

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Digital services and solutions provider Coforge has introduced the Quasar Responsible AI solution. As businesses progressively integrate AI, the notion of Responsible AI has become a crucial concern to guarantee that AI applications uphold ethical principles, fairness, security, and conformity with applicable regulations and standards. Coforge Quasar Responsible AI is a comprehensive solution that guarantees the utilization of AI adheres to ethical standards, fairness, transparency, and regulatory compliance. It tackles biases in datasets and models, identifies potential risks and compliance issues, and provides tools to govern, mitigate, and remediate these challenges. By fostering trust among AI stakeholders, this solution ensures that AI augments human capabilities without compromising rights or impacting societal inequities.

Sudarshan Seshadri, SVP, Data & AI Business Unit, Coforge, highlighted that “Coforge is already empowering leading Fortune 1000 companies with personalized AI solutions through Coforge Quasar Cognitive AI, covering areas such as Machine Learning, Computer Vision, Natural Language Processing, Speech-to-Text/Text-to-Speech, and Knowledge Graphs. Recently, Coforge introduced Quasar Generative AI, enabling enterprises to create and deploy their own applications powered by Generative AI on a large scale. With the introduction of Coforge Quasar Responsible AI, our portfolio now encompasses three facets of AI: Cognitive AI, Generative AI, and Responsible AI, effectively meeting the diverse business requirements of our customers.”

Bharathi Muniswamy, SVP, Digital Business Unit, Coforge, emphasized that “Coforge Quasar Responsible AI empowers organizations in their AI adoption journey by upholding ethical principles, ensuring fairness, bolstering security, and adhering to applicable regulations and standards. It guarantees a transparent integration of AI across all facets of their operations. The inclusion of this solution in Coforge’s existing AI suite, comprising Quasar Cognitive and Generative AI, offers us a distinct advantage in the marketplace. Through early implementation and practical application, Coforge has proactively initiated the strategic utilization of Responsible AI. This positions us as a leader dedicated to transparently integrating AI across diverse aspects of our clients’ operations, thereby reinforcing Coforge’s standing as a frontrunner with a comprehensive and responsible AI offering.”

This comprehensive solution encompasses five distinctive offerings tailored to address the multifaceted challenges of Responsible AI implementation: “Fairness AI” ensures equity by incorporating powerful bias detection and mitigation features. “Explainable AI” takes a comprehensive approach to transparency through exploratory data analysis and performance assessment. “Compliance AI” provides a suite of services for thorough risk analysis, third-party AI risk management, regulatory risk mitigation, and multi-stakeholder reporting. “Trust AI” establishes a secure and reliable environment by implementing data obfuscation, toxicity analysis, prompt optimization, and robust LLM governance. “Governance AI” integrates features such as drift detection, adversarial detection, outlier and data integrity analysis, coupled with comprehensive monitoring. Together, these offerings form a cohesive framework, empowering organizations to responsibly and ethically leverage the potential of AI. This solution sets the stage for a more equitable, secure, and trustworthy AI-powered world, where AI serves as a force for progress and shared prosperity.