Mumbai, June 3, 2024 – Ascendion, a leader in AI-powered software engineering, proudly announces the launch of its GenAI Studio in Chennai to gather, collaborate, and build the future. This state-of-the-art studio and engineering workspace embodies the growing demand for Generative AI and continues to advance Ascendion’s leadership in the GenAI landscape.

Thousands of “Ascenders” are already delivering business impact with GenAI solutions. (Some examples include: deploying AI models 30% faster for a tech giant; accelerating content creation by 40% for a hardware leader; and tripling go-to-market velocity for a Fortune 50 bank.)

The Chennai studio, part of Ascendion’s six major innovation hubs globally, builds on these successes by fostering creativity, learning, and collaboration. This new space will amplify client impact and drive growth by leveraging the high-quality GenAI talent in the Chennai area.

“Enterprise leaders are excited about the future of AI, but they need to see real-world results. Our new AI studio in Chennai is filled with expert talent, hands-on technology, and inspiration, all designed to excite, provoke, and generate applied GenAI solutions that will drive business forward and positively impact lives all over the world,” said Karthik Krishnamurthy, CEO of Ascendion. “Our new space, located in a global hub of business and technology innovation, will help us deliver what we call ‘Engineering ^AI’ as we create the future of work together with clients.”

A “First-of-its-Kind” Experience Center: This interactive, collaborative space allows clients to explore GenAI solutions hands-on.

Real-Time Problem Solving: Clients can work with Ascendion engineers to customize real-time solutions that meet their business needs.

Immediate Value Demonstration: Within minutes, clients can see how AVA+ GenAI prototypes address their challenges, providing rapid insights and ROI.

Ascendion’s GenAI initiatives, including development of our AVA+ platform, deliver radical transparency, help clients accelerate impact, velocity, and productivity by >40% while offering double-digit savings from AI Arbitrage. Ascendion’s Digital Ascender platform enhances productivity across the entire software life cycle, and more than 1,500 people have already received GenAI training.

“We are thrilled to now have a physical space in Chennai to connect clients with technology solutions in real-time. Our AI-powered platforms ensure transparency, velocity, quality, and productivity, freeing up capital for innovation and providing clients the flexibility to meet modern business needs. Now, at our new GenAI Studio, they can experience GenAI co-engineering as we solution together in real-time,” adds Prakash Balasubramanian, Executive Vice President, Engineering Solutions at Ascendion.

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Ascendion Advances Toward Becoming a Software Engineering Generative Enterprise

Ascendion AVA, a Proprietary AI-Powered Platform for Improved Software Engineering, Recognized for Outstanding Capabilities

Ascendion Achieves Significant Software Engineering Productivity Boost for Fortune 500 Clients with Applied AI

MUMBAI, INDIA, November 1, 2023 – Ascendion, an AI-first digital engineering company, has earned the title of Market Leader among global service providers in the recently released inaugural HFS Horizons: Generative Enterprise Services, 2023 report.

This landmark report offers the first-ever competitive analysis of 35 global professional services firms and the value they bring to enterprises leveraging generative AI technologies. The report examines Ascendion’s capabilities, shedding light on the key reasons, methods, and importance behind their standout generative enterprise services.

As a market leader, Ascendion uses AI for generating new ideas to define how software engineering work gets done. By harnessing AI to forge innovative solutions and redefine work processes, Ascendion has positioned itself as the prime choice for enterprises aiming to utilize AI for insightful digital transformation.

The HFS report emphasizes Ascendion’s evolution into a generative enterprise powerhouse, praising its drive for efficiency, risk mitigation, and agile team deployment. Some of the highlighted strengths include:

• Ascendion’s combination of credibility, agility, and expertise in guiding early-stage client strategies.
• Proactive deployment of generative AI across the board, including certification of its engineering community. Notably, Ascendion has constructed LLMs for both internal and external applications.
• A 30% to 50% boost in software engineering productivity with minimized risk, complemented by a strategic digital talent orchestration.

“In our relentless pursuit of innovation, Ascendion is fully committed to the transformative power of generative AI. Based upon years of experience in developing and utilizing AI-powered tools, the future possibilities with this technology truly excite us,” remarks Karthik Krishnamurthy, CEO of Ascendion. “With an unwavering commitment to responsibility, security, and expediency, we’re ecstatic to materialize our vision of business impact driven by applied AI. Our overarching goal is to equip both businesses and individuals to navigate and flourish amidst the swiftly shifting technological tides.”

One of the report’s focal points was Ascendion’s proprietary software engineering platform, Ascendion AVA. This platform has been a significant force in the company’s success in serving a client base primarily made of Fortune 500 enterprises.

“Ascendion doesn’t just believe in the power of the Generative Enterprise, it is going all out to become one. This first-hand experience is resulting in expertise that will serve its clients well,” said David Cushman, executive research leader, HFS Research.

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