EXL and Databricks Partner to Innovate Analytics Solutions
EXL Partners with Databricks to Enhance Analytics Capabilities
EXL [NASDAQ: EXLS], a leading company renowned for its expertise in data analytics and digital operations, has strengthened its strategic partnership with Databricks, a prominent player in the data and AI landscape. This collaboration aims to accelerate the development of innovative analytics and generative AI (GenAI) solutions, benefitting a wide range of industries.
Empowering Organizations Through Advanced Analytics
Under the new agreement, EXL plans to establish a dedicated team of Databricks-certified professionals, poised to drive the implementation of advanced data management strategies within the Databricks ecosystem. This initiative is designed to enhance the overall efficiency of data practices for EXL clients, enabling them to harness their information for transformative insights.
Leveraging Databricks Data Intelligence Platform
EXL will utilize the Databricks Data Intelligence Platform, which allows for the unification of data and artificial intelligence applications to improve analytics capabilities for clients. The upcoming months will see EXL focusing on training and certifying data engineers and scientists to operate effectively within this ecosystem. This significant step will considerably elevate EXL's capacity to serve clients across various sectors that currently leverage Databricks' solutions.
Industry Applications: Insurance, Banking, and Healthcare
In the insurance sector, the collaboration aims to enhance the analysis of claims cycles, providing clients the ability to identify anomalies, over-payments, and other discrepancies promptly. In the banking arena, the partnership seeks to unlock the valuable insights contained in unstructured transaction data, supporting banks in leveraging this information throughout the customer lifecycle to exploit diverse risk and marketing capabilities. For healthcare, EXL has developed a specialized platform designed to deliver extensive intelligence, enabling experts to analyze large datasets effectively, detect anomalies in real time, and promote personalized patient care while reducing overall costs.
Introducing Databricks Migrations Solution
In a further effort to maximize the benefits clients gain from Databricks technology, EXL is excited to unveil the Databricks Migrations solution. This innovative approach aims to lessen migration expenses and enhance efficiency by utilizing EXL Code Harbor™, a cutting-edge GenAI-enabled tool engineered to facilitate the modernization of legacy codebases into contemporary open-source languages. The solution encompasses a collection of migration accelerators, ranging from code conversion processes to automated validation checks, making the transition effortless and smooth.
Commitment to Client Success
Vivek Jetley, president and global head of analytics at EXL, expressed enthusiasm for the expanded partnership with Databricks, highlighting that, "the combination of EXL’s domain expertise and exceptional analytics capabilities, paired with Databricks' distinct offerings, provides clients with a substantial edge in maximizing the potential of their data in a cost-effective manner." This sentiment reinforces EXL's commitment to fostering innovation and excellence in data practices.
About EXL
Founded in 1999, EXL has established itself as a frontrunner in data analytics and digital operations services. With unwavering dedication, the company collaborates with clients to reinvent business strategies, deliver improved outcomes, and achieve rapid growth. EXL combines advanced data, analytics, AI technologies, and profound industry knowledge to facilitate transformations across numerous sectors, including insurance, healthcare, and financial services. Operating globally with over 55,000 employees, EXL continues to uphold its core values of innovation, collaboration, and integrity.
Frequently Asked Questions
What is the main purpose of the EXL and Databricks partnership?
The partnership aims to enhance data analytics and generative AI solutions across various industries, providing clients with advanced capabilities.
How will EXL support its clients using Databricks technology?
EXL will establish a team of Databricks-certified professionals, train data engineers and scientists, and launch a Databricks Migrations solution to streamline processes.
What industries will benefit from the EXL and Databricks collaboration?
The collaboration targets the insurance, banking, and healthcare sectors, providing tailored analytics solutions for each.
What is EXL Code Harbor™?
EXL Code Harbor™ is a GenAI-enabled tool designed to facilitate the migration of legacy codebases to modern open-source languages, improving efficiency and reducing migration costs.
When was EXL founded?
EXL was founded in 1999 and has grown to become a leader in data analytics and digital operations, with a significant global presence.
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