homemarket NewsSterlite Technologies gains nearly 3% as subsidiary launches generative AI platform ‘Alnnov’

Sterlite Technologies gains nearly 3% as subsidiary launches generative AI platform ‘Alnnov’

Sterlite Technologies Ltd shares gained nearly 3 percent on Tuesday after its wholly-owned subsidiary, STL Digital, launched a generative artificial intelligence (AI) platform for enterprises.

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By CNBCTV18.com Oct 10, 2023 3:45:35 PM IST (Published)

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Sterlite Technologies gains nearly 3% as subsidiary launches generative AI platform ‘Alnnov’
STL Digital has launched ‘Alnnov’, a solutioning fabric of powerful generative AI services, frameworks, methodologies and solutions designed for enterprises to accelerate Generative AI-led innovation and adoption, the company said in a statement.

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The IT services and consulting company informed the stock exchanges that the new AI-powered platform will accelerate the generative AI-led adoption as well as innovation for modern enterprises.
The solution helps in the development of embedded AI applications for multi stakeholder experiences while empowering enterprises to innovate using AI and realising their business value, stated STL.
The company noted that at a time when most enterprises are diving deeper into the adoption of generative AI for analysing complex data sets, discerning patterns, and processing multi-faceted variables, the path to integration of such advanced systems is filled with challenges.
“Some of the most significant hurdles include training Generative AI for specific enterprise use cases, fine-tuning algorithms for greater accuracy, ensuring data security, handling multi-modal inputs, and improving the quality of trained data,” the company stated.
The IT solutions provider said that it has successfully cultivated robust capabilities in designing and training AI models to produce effective results in real world scenarios.
AInnov solutions can help enterprises by offering tailored solutions for document summarisation, data augmentation, experience reimagination, and custom Q&A dialogue.
Fine-tuning and implementation for specific use cases, proprietary enterprise and public data form the second leg of AInnov’s components, followed by the integration of the solution with AI platforms, innovative consumer experience engineering solutions, and industry value realisation, the company said.
Shares of Sterlite Technologies Ltd were trading 2.15 percent higher at Rs 157 per piece on the BSE at 1:25 PM.

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