TL;DR:
- Zvolv, a global enterprise hyperautomation company, introduces new generative AI capabilities and launches the 3.0 version of its LCNC platform.
- The Z-wall middleware expands Zvolv’s automation and app-building functionality with built-in generative AI capabilities.
- The unveiling took place at Zvolv’s annual CXO meet in Mumbai, attended by CIOs, CEOs, and industry partners.
- Enterprises are embracing generative AI to increase productivity, enhance decision-making, and improve customer and employee experiences.
- Zvolv’s platform, combined with the Z-wall AI orchestration engine, enables rapid deployment of AI and automation capabilities.
- The integration of generative AI in the platform allows for faster AI app development with little developer dependence.
- Z-wall ensures privacy, security, and ethics while governing the usage of generative AI in enterprise AI apps.
- The AI orchestration engine acts as a conduit between enterprise systems and LLM models, optimizing access and cost.
- Zvolv’s solution enables conversational and logical reasoning capabilities, faster access to organizational knowledge, and advanced automation.
- The platform empowers citizen developers to build intelligent AI apps within a shorter timeframe.
- Generative AI apps drive business transformation across functions like retail, procurement, HR, finance, and logistics.
- Zvolv is a key industry leader in hyperautomation, helping enterprises embrace AI for transformative change.
- Generative AI apps enhance efficiency, adaptability, and productivity while reducing reliance on human resources.
- Zvolv’s platform accelerates growth, improves satisfaction, and drives innovation in a secure and trusted manner.
Main AI News:
Zvolv, a prominent global enterprise hyperautomation company, made a significant announcement today, introducing its latest generative AI capabilities and launching the 3.0 version of its micro-services Low-Code No-Code (LCNC) platform. With the addition of Z-wall, a cutting-edge middleware, Zvolv expands its already extensive enterprise automation and app-building functionality. Z-wall comes equipped with built-in features that enable organizations to harness the power of generative AI in next-generation enterprise AI apps.
The grand unveiling of these groundbreaking capabilities took place at Zvolv’s annual CXO meet held at the prestigious JIO world convention center in Mumbai. The event attracted over 50 CIOs and CEOs from leading enterprises across various industry verticals, such as retail, aviation and logistics, as well as several of Zvolv’s esteemed ecosystem partners.
In today’s fast-paced business landscape, enterprises are racing to adopt generative AI across all possible areas, aiming to increase productivity, enhance decision-making with data-driven insights, and improve customer and employee experiences. However, concerns regarding privacy and scalability hinder organizations from fully embracing AI in their applications. The risk of sensitive data leaks is high, and the deployment of private GPT models with adequate controls on usage, reliability, and compliance is both time-consuming and costly. In light of the rapid evolution of generative AI technology and the scarcity of developer resources, platform-based approaches to developing new AI applications offer significant advantages, such as fast Time to Market (TTM), low Total Cost of Ownership (TCO), and risk elimination.
Combining Zvolv’s hyperautomation microservices platform with the powerful Z-wall AI orchestration engine empowers businesses to swiftly deploy the world’s leading AI and automation capabilities in their products and services. This enables Zvolv’s customers to unlock the full potential of generative AI in a secure and trusted manner.
“The age of web/mobile apps is now evolving into an age of AI apps, which will dominate the vast majority of the 500M+ enterprise applications to be developed in the next 3-4 years. From a point-and-click-based DIY (Do it Yourself) approach in today’s apps, we will witness a substantial shift towards conversation-based GID (Get it Done) capabilities in future AI apps. The current workforce is already familiar with leveraging generative AI in many aspects of their lives outside of work, and they expect the same level of intelligence and experience from workplace applications. By leveraging a combination of generic and fine-tuned intelligence in Large Language Model (LLM) models, AI apps will inherently become smarter, more efficient, and offer a human-like conversational user experience,” said Hardik Gandhi, Chief Executive Officer of Zvolv.
The integration of generative AI into the Zvolv microservices platform allows enterprises to build AI apps within hours, reducing their dependence on developers and driving an enterprise-wide AI strategy with privacy, security, and ethics at its core.
The key benefits of this integration are as follows:
- Integrate new human-like conversational and logical reasoning capabilities into application interfaces, going beyond traditional graphical interfaces.
- Enable business users to have contextual and faster access to organizational knowledge and deeper AI-driven insights by conversing with their data.
- Provide AI-assisted app-building journeys, allowing citizen developers to develop more intelligent and advanced automation compared to traditional LCNC builders.
Sujoy Chakravarty, Chief Operations Officer of Zvolv, commented, “Today, it takes us an average of 100 hours to build a traditional enterprise app, with business technologists driving 60-80% of the build process after basic training from the Zvolv Academy. The integration of generative AI into our LCNC builders streamlines the build journey, enabling citizen developers to build end-to-end solutions and integrate more advanced AI-driven automation into their applications in under 10-20 hours.”
The newly introduced Z-wall AI orchestration engine plays a vital role in shaping the future of Enterprise AI. Not only does it isolate an enterprise’s private data from public LLM models, but it also governs the usage of generative AI across a variety of new enterprise AI apps.
The key features of the Z-wall AI orchestration engine are:
- Acts as a conduit between enterprise systems of record and engagements, accessed through the Zvolv microservices layer and a range of supported LLM models, whether private or public. It ensures controlled access, ethics, and cost optimization.
- Maps enterprise people, data, and process knowledge, enabling essential data operations such as embeddings, chunking, summarization, semantic search, masking, logging, and more to facilitate effective generative AI usage.
- Enhances the user experience by reducing app fatigue among end-users, combining multiple AI and traditional apps into a unified enterprise-AI “Super App” that orchestrates information and actions across the entire enterprise.
Sri Srinivasan, Chief Revenue Officer of Zvolv, emphasized the transformative potential of Generative AI apps, stating, “This new world of Generative AI apps will enable organizations to become leaner and more efficient while adapting to changes much faster. Retraining an AI app to accommodate a newer process will be significantly faster and less error-prone compared to retraining or re-skilling human resources. As employees focus on more strategic activities, AI can assist them in accomplishing tactical tasks. The pace at which technology is changing has increased dramatically, and relying solely on humans to tackle it all is no longer viable.”
Industry leaders across various verticals who had early access to Zvolv’s new capabilities unanimously praised the benefits of the generative AI integrations. They also expressed confidence in Z-wall’s ability to facilitate responsible AI innovation within their enterprises. Varun Juneja, Assistant Vice President at Lenskart, a multinational optical eyewear retail chain with over 2,000 stores, shared his insights, stating, “The future of Generative AI will drive business transformation across every function, from retail expansion for better insights and planning to procurement, HR, finance, and logistics automation. It will proactively identify and react to bottlenecks, revolutionizing the way we work.”
The explosive popularity of generative AI has created a watershed moment for industry leaders, who are actively seeking to leverage hyperautomation and AI to enhance productivity across all business functions. The market for hyperautomation as an enabler for the enterprise AI vision is projected to reach $50 billion by 2025. Zvolv, as a key industry leader, has already empowered numerous Fortune-10 and Fortune-500 companies to drive transformative change using its platform. Generative AI will usher in a new era of innovation and agility, allowing customers to accelerate growth, improve satisfaction, and drive innovation through the utilization of Zvolv’s unified hyperautomation microservices and AI orchestration platform.
Conlcusion:
The introduction of Zvolv’s new generative AI capabilities and the launch of the 3.0 version of its LCNC platform signify a significant advancement in the market. This development empowers enterprises across various industries to harness the power of AI and automation in a secure and trusted manner. By enabling rapid app development, enhancing productivity, and providing advanced automation features, Zvolv is poised to drive transformative change in the business landscape.
This innovation opens doors for businesses to become leaner, more efficient, and adaptable to changes, ultimately leading to improved customer experiences, increased productivity, and accelerated growth. The market can anticipate a surge in demand for hyperautomation solutions, with the projected market size expected to reach $50 billion by 2025. As a key industry leader, Zvolv is well-positioned to capitalize on this growing market opportunity and continue revolutionizing enterprise AI strategies.
