Persistent Systems Enhances AI Solutions with Arrka Acquisition
Persistent Systems Strengthens AI and Data Privacy Expertise
Persistent Systems (BSE: 533179) (NSE: PERSISTENT), a leader in Digital Engineering and Enterprise Modernization, has taken a significant step forward with the acquisition of Arrka. Arrka brings over a decade of experience in data privacy management, along with innovative AI governance solutions. This acquisition aims to enhance Persistent's ability to deliver comprehensive digital governance offerings to clients around the world.
The Impact of AI Adoption on Data Governance
As businesses increasingly adopt artificial intelligence technologies, the importance of digital governance, data privacy, and responsible AI becomes paramount. Persistent recognizes these challenges and is actively investing in innovative solutions to meet the growing demands of clients across various industries. Their proprietary platform, SASVA™, incorporates both generative and deterministic AI, further establishing Persistent as a frontrunner in the AI domain.
Expanding Capabilities through Strategic Acquisitions
Persistent's recent acquisition is part of a broader strategy to extend its platform-driven services in digital governance. Previous acquisitions, including Starfish Associates, have bolstered its AI capabilities in unified communications. With Arrka on board, Persistent aims to integrate and enhance its service offerings, ensuring that they remain at the forefront of digital governance in the age of AI.
Arrka's Unique Contributions to Digital Governance
Arrka's expertise is invaluable for organizations looking to navigate the complex landscape of legal and regulatory data privacy requirements. The Data Privacy Management platform developed by Arrka allows companies to efficiently manage their data privacy challenges across multiple jurisdictions. Persistent plans to build upon Arrka's foundation, creating deep capabilities in various realms of digital governance.
Key Areas of Focus
1. AI Governance and Ethics: Arrka's platform equips organizations to manage AI-related risks effectively, ensuring ethical practices during AI implementation.
2. Data Privacy: By scaling Arrka's capabilities, Persistent will empower businesses to fulfill privacy laws and regulations holistically.
3. Privacy in AI Product Engineering: This includes embedding privacy-by-design frameworks that foster transparency in AI system development.
4. Consent and Rights Management: Persistent aims to provide tailored solutions that promote clear user consent and rights management across various platforms.
5. AI Systems Auditing: Ongoing compliance solutions will be offered to help businesses monitor AI systems consistently and effectively.
Leadership Insights on the Acquisition
Sandeep Kalra, CEO, emphasized the synergy between Persistent and Arrka, stating that this acquisition aligns seamlessly with their vision of innovative AI-driven services. By leveraging Arrka's expertise, Persistent will ensure that clients can innovate responsibly while addressing compliance requirements.
Shivangi Nadkarni, Co-Founder of Arrka, expressed enthusiasm over the acquisition, noting that it positions Arrka on a global stage, providing opportunities for expansion and growth in the digital governance arena.
Looking Ahead
As the landscape of AI continues to evolve, so too will Persistent’s offerings. The integration of Arrka enhances its capability in ensuring responsible AI practices and robust data privacy management. This acquisition not only fortifies Persistent's service portfolio, but also positions the company to meet the rising demands for ethical AI and digital governance.
About Persistent Systems
Persistent Systems is dedicated to delivering cutting-edge digital solutions and services. With a talented workforce of over 23,500 employees across 19 countries, Persistent is committed to client success and innovation. The company offers a diverse suite of services that includes AI software engineering, cloud computing, data analytics, and intelligent automation, earning accolades such as the "Most Promising Company" of the Year at the India Business Leader Awards.
Frequently Asked Questions
What was the reason behind Persistent's acquisition of Arrka?
The acquisition of Arrka aims to enhance Persistent's capabilities in digital governance and AI management, particularly in data privacy practices.
How does Arrka contribute to AI governance?
Arrka offers expertise in managing AI risks, providing ethical guidelines, and ensuring compliance with regulatory requirements in AI implementations.
What benefits will clients experience from this acquisition?
Clients can expect improved digital governance services, comprehensive data privacy management, and enhanced ethical AI practices.
Can you explain the concept of privacy-by-design offered by Arrka?
Privacy-by-design involves incorporating privacy features into the development of AI systems, ensuring ethical considerations are prioritized from the outset.
What is Persistent's overall mission now that they have acquired Arrka?
Persistent aims to lead in providing innovative, responsible AI solutions and ensuring data privacy through comprehensive digital governance practices.
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