Ascendion Surges Ahead in GenAI Landscape with Innovation and Client Success

Ascendion leads the GenAI industry with notable advancements in innovation, client impact, and talent development. The company has set new industry benchmarks in AI-driven solutions with significant revenue increases and numerous successful client programs. The second half of 2024 promises even greater innovation and client value.

Ascendion is making headlines in the GenAI field, marking tremendous progress in innovation, client outcomes, and talent development, setting new excellence benchmarks in AI solutions.

Traditionally ruled by established service providers, the industry is now witnessing Ascendion's disruptive rise in the software engineering sector. The company outpaced most competitors in the first half of 2024, largely due to its GenAI-focused strategy and operations. "Our commitment to 'Engineering to the power of AI' has driven market-leading advancements. From groundbreaking client impacts to significant productivity boosts, we've set industry standards," said Karthik Krishnamurthy, CEO of Ascendion. "We're doubling down on innovation as we move into the second half of the year."

Key achievements in the first two quarters of 2024 include: The Ascendion AVA+ platform successfully delivered over 50 GenAI client programs, marking a 382% increase in GenAI revenue compared to 2023. Client success stories include a Fortune 50 bank experiencing a 50% productivity rise and a 40% reduction in data processing efforts, alongside significant operational efficiency gains for healthcare and manufacturing clients. Ascendion's AI-driven talent development initiative saw over 1,500 employees trained in GenAI tools, with 57% now AI-literate.

Strategically enhancing its AI capabilities, Ascendion appointed industry expert Daryush Laqab as Chief AI Officer. The newly launched AI Studio in Chennai embodies a hub for creativity and real-time innovation, strengthening client collaborations and real-world AI applications. Recognized as a Market Leader in Generative AI services by industry analysts, Ascendion continues to set new industry standards. "Our new AI Studio offers clients the chance to co-engineer and observe the immediate impact of our GenAI solutions," said Prakash Balasubramanian, Executive Vice President of Engineering Solutions. "Ascendion is showcasing agility in the GenAI revolution," added David Cushman, Executive Research Leader for HFS Research.

As the company continues to lead in GenAI innovation, Ascendion remains committed to delivering unprecedented client value and industry standards. The second half of 2024 promises further advancements, as Ascendion pioneers the future with AI. Headquartered in New Jersey, Ascendion operates 30 offices across the U.S., India, and Mexico, driving innovation for Global 2000 clients.

(With inputs from agencies.)