West Monroe Introduces Innovations to Modernize Businesses
West Monroe Unveils New AI Tools for Business Innovation
Firm's newest AI-powered assets tackle regulatory complexity and legacy systems — two significant barriers to growth
West Monroe, a global business and technology consulting firm, has announced the launch of Intellio® Policy and Intellio® Evolve, two groundbreaking assets designed to help businesses navigate the challenges of constant policy changes and outdated systems. These innovations aim to facilitate growth and foster an environment of innovation amidst regulatory complexities.
The Need for Modern Solutions
As organizations confront mounting regulatory demands and the urgent need for software modernization, the costs of falling behind have become critical. Recent surveys indicate that over half of senior executives feel unprepared to manage risk and compliance effectively. The risk landscape can shift dramatically with policy changes, making it vital for firms to adapt swiftly. A notable projection suggests a significant increase in technical debt among technology decision-makers, emphasizing the pressing need for modern solutions.
The Launch of Intellio® Policy
Intellio® Policy is engineered to help organizations manage a constantly evolving legal landscape. Regulatory environments have become increasingly intricate, particularly for industries such as utilities, banking, and healthcare. With thousands of filings occurring monthly, manual monitoring methods are no longer viable. Intellio® Policy automates regulatory document analysis and integrates securely with clients' existing data environments.
Advantages of AI in Policy Management
This innovative tool consolidates information from numerous public sources into a single workspace, equipping teams with real-time insights and the capacity to track critical compliance progress. It is expected to significantly reduce operational costs, with potential savings equivalent to the annual salary of multiple full-time employees.
Introducing Intellio® Evolve
In addition to policy management, West Monroe has launched Intellio® Evolve, which aims to assist organizations in modernizing their outdated software systems. Legacy systems hinder progress and can limit capabilities. Intellio® Evolve uses AI to analyze existing systems, identify dependencies, and uncover coding gaps. This approach lays a solid foundation for creating modernized systems.
Transforming Software with AI
Clients utilizing Intellio® Evolve have reported drastic reductions in code migration timelines and accelerated their modernization projects significantly. Employing pre-built workflows helps mitigate risks, making the software transition smoother and more efficient.
Expanding the Intellio® Suite
The introduction of Intellio® Policy and Intellio® Evolve broadens the existing Intellio® suite, known for its innovative AI and data solutions. The suite includes other valuable tools that target key operational challenges faced by organizations today, promoting productivity and growth.
Commitment to Client Success
West Monroe emphasizes its commitment to client success by leveraging AI technology to respond quickly to regulatory demands and modernize essential systems. The firm’s ethos highlights an ongoing dedication to innovation, especially during events like their annual Innovation Week, which celebrates employee creativity and discovery.
About West Monroe
West Monroe is dedicated to providing business and technology solutions that create real value for clients. The firm fosters collaboration across various sectors and aims to enhance performance through effective technology implementations. Consistently recognized for its work culture and innovation in the consulting industry, West Monroe continues shaping future pathways for its clients, driving deeper insights and impactful outcomes.
Frequently Asked Questions
What are Intellio® Policy and Intellio® Evolve?
These are new AI-driven software tools designed by West Monroe to help organizations adapt to regulatory changes and modernize outdated systems.
How does Intellio® Policy benefit organizations?
It helps organizations track regulatory changes efficiently, automating document analysis and providing real-time insight into compliance risks.
What challenges does Intellio® Evolve address?
It helps organizations re-engineer outdated software systems, making them faster and easier to maintain while reducing modernization timelines.
What is the overall goal of the Intellio® suite?
The goal is to provide innovative AI and data solutions that help clients overcome industry-specific challenges and drive growth.
How does West Monroe ensure client success?
By utilizing advanced technology, focusing on innovation, and engaging in hands-on collaboration with clients to meet their unique needs.
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