December 11, 2023
With an aim to help ISVs elevate their product portfolio, Nitor Infotech, an Ascendion company, has unveiled leading-edge generative AI services.
As of 2023, the global GenAI market is valued at $13.7 billion and is growing rapidly at a CAGR of 27%. This exponential growth is prompting businesses across sectors to reimagine software products. Nitor Infotech aims to capitalize on this growth and help ISVs to seize these new opportunities.
Sanjeev Fadnavis, CEO- Nitor Infotech, sheds light on the organization’s aim with generative AI.
We are nurturing an ambition to become a pioneer in adopting generative AI practices in product development. Currently, about 35% of our customers are using GenAI. Our next goal is to get 100% of our customers to deploy some form of AI in their products and platforms in the next 6-12 months.
Sanjeev adds that in doing so, we will be able to empower our customers with the right tools to become future-forward and gain a competitive edge in these dynamic markets.
Anil Khanna, our VP-Tech Practices shares his insight into the various advantages that this modern technology will bring for businesses and the role GenAI plays in transforming organizations.
So far, our deployment of GenAI-based modelling techniques, especially in the healthcare sector, has played a pivotal role in enhancing planning activities and accelerating transformation. We’ve also lent our expertise to automate workflows, doing so with the help of innovative chatbots, fine-tuned and domain-specific General-Purpose Models, and Retrieval Augmented Generation (RAG) implementations.
Currently, our AI & ML offerings include descriptive, predictive, and prescriptive modelling. I believe that leveraging domain-specific LLMs to meet customer demands has proved to be relevant and productive, resulting in proactive discussions with some of our customers to help them build base models.
Together, we’re looking forward to an intelligent, GenAI-driven future that sets us apart from our competitors.
At Nitor Infotech, we combine advanced AI/ML and GenAI algorithms with a skilled GenAI Technology Center of Excellence (TCoE) to help business leaders harness this revolutionary technology and create competitive GenAI-infused applications.
When asked about Nitor Infotech’s approach toward GenAI, Anil said, At Nitor Infotech, we’re emphasizing on delivering cutting-edge solutions wherein we first understand the customer’s exact needs before suggesting appropriate solutions. While GenAI is certainly hitting the headlines, we ensure that our solutions are driven by that need rather than by trends. Additionally, I believe that a solution must not only be relevant but also cost-effective. To ensure that, we have specially focused on the RoI.
With this philosophy, coupled with a co-innovative approach, we have implemented a combination of AI and GenAI in our engagements across domains.
In our pursuit of innovation, we at Nitor Infotech are making a strategic shift towards GenAI, unlocking new horizons every step of the way. By embracing the power of GenAI, we're reinforcing our commitment to staying at the forefront of cutting-edge technologies.
Today, we’re thrilled to guide our customers through the transformative impacts of generative AI and equip them with the tools to deliver excellence. Partner with us to explore the disruptive powers of generative AI now!