IntegrateAI addresses growing market demand
for a single, integrated business application that leverages
machine learning models in decision management
ROCHELLE
PARK, N.J., April 18,
2024 /PRNewswire/ -- Sapiens International
Corporation (NASDAQ: SPNS) (TASE: SPNS), a leading global
provider of software solutions for the insurance industry, today
announced the launch of IntegrateAI, the newest capability from
Sapiens Decision, integrating machine learning models into the
business-friendly decision model workbench.
Sapiens Decision users can integrate machine learning models as
another component of their decision model diagram, combining
declarative and probabilistic constructs into one consistent and
explainable model. Enabling non-technical users to incorporate the
machine learning models from data science teams into a single
decision model dramatically reduces business and technical
complexities, driving greater operational control and
efficiency.
IntegrateAI follows Sapiens Decision's recent ModelAI release,
which brought a Generative AI (GenAI) copilot to decision modelers
with integration to Microsoft Azure's OpenAI Service. The two
releases fulfill the initial AI strategy and roadmap of Sapiens
Decision to increase the access, speed, and efficacy of decision
automation for business users. Sapiens Decision is planning
additional AI based products to support the full lifecycle of the
decision modeling process, including ExtractAI (for extracting
decision logic from legacy code) and OptimizeAI (to optimize
business decisions for specific outcomes).
"Sapiens Decision IntegrateAI enables organizations to implement
decision automation with greater transparency, explainability, and
efficiency by enabling business users to integrate machine learning
models within decision models," said Ilan Buganim, Sapiens CTIO.
"Combined with Sapiens Decision's copilot ModelAI, which leverages
GenAI to automatically convert natural language to decision models,
enterprises can now turbocharge their application of decision
automation for greater business outcomes."
Sapiens Decision provides end-to-end decision management
capabilities from decision logic extraction from legacy code to
decision modeling with no code tools, and deployment through
Decision-as-a-Service. Sapiens Decision offers a
technology-independent solution to fit any architecture, allowing
organizations to reuse their existing infrastructure and governance
models.
Sapiens will be showcasing IntegrateAI at Insurance Innovators
USA, Nashville, TN on April
22-23, 2024.
About Sapiens
Sapiens International Corporation (NASDAQ and TASE: SPNS)
empowers the financial sector, with a focus on insurance, to
transform and become digital, innovative, and agile. With more than
40 years of industry expertise, Sapiens' cloud-based SaaS insurance
platform offers pre-integrated, low-code capabilities across core,
data, and digital domains to accelerate our customers' digital
transformation. Serving over 600 customers in more than 30
countries, Sapiens offers insurers across property and casualty,
workers' compensation, and life insurance markets the most
comprehensive set of solutions, from core to complementary,
including Reinsurance, Financial & Compliance, Data &
Analytics, Digital, and Decision Management. For more information
visit https://sapiens.com or follow us on LinkedIn.
Investor and Media Contact
Yaffa
Cohen-Ifrah Sapiens Chief Marketing Officer and Head of
Investor Relations
Email: Yaffa.cohen-ifrah@sapiens.com
Forward Looking Statements
Certain matters discussed in this press release that are
incorporated herein and therein by reference are forward-looking
statements within the meaning of Section 27A of the Securities Act,
Section 21E of the Exchange Act and the safe harbor provisions of
the U.S. Private Securities Litigation Reform Act of 1995, that are
based on our beliefs, assumptions and expectations, as well as
information currently available to us. Such forward-looking
statements may be identified by the use of the words "anticipate,"
"believe," "estimate," "expect," "may," "will," "plan" and similar
expressions. Such statements reflect our current views with respect
to future events and are subject to certain risks and
uncertainties. There are important factors that could cause our
actual results, levels of activity, performance or achievements to
differ materially from the results, levels of activity, performance
or achievements expressed or implied by the forward-looking
statements, including, but not limited to: the degree of our
success in our plans to leverage our global footprint to grow our
sales; the degree of our success in integrating the companies that
we have acquired through the implementation of our M&A growth
strategy; the lengthy development cycles for our solutions, which
may frustrate our ability to realize revenues and/or profits from
our potential new solutions; our lengthy and complex sales cycles,
which do not always result in the realization of revenues; the
degree of our success in retaining our existing customers or
competing effectively for greater market share; the global
macroeconomic environment, including headwinds caused by inflation,
relatively high interest rates, potentially unfavorable currency
exchange rate movements, and uncertain economic conditions, and
their impact on our revenues, profitability and cash flows;
difficulties in successfully planning and managing changes in the
size of our operations; the frequency of the long-term, large,
complex projects that we perform that involve complex estimates of
project costs and profit margins, which sometimes change
mid-stream; the challenges and potential liability that heightened
privacy laws and regulations pose to our business; occasional
disputes with clients, which may adversely impact our results of
operations and our reputation; various intellectual property issues
related to our business; potential unanticipated product
vulnerabilities or cybersecurity breaches of our or our customers'
systems; risks related to the insurance industry in which our
clients operate; risks associated with our global sales and
operations, such as changes in regulatory requirements, wide-spread
viruses and epidemics like the coronavirus epidemic, and
fluctuations in currency exchange rates; and risks related to our
principal location in Israel and
our status as a Cayman Islands
company.
While we believe such forward-looking statements are based on
reasonable assumptions, should one or more of the underlying
assumptions prove incorrect, or these risks or uncertainties
materialize, our actual results may differ materially from those
expressed or implied by the forward-looking statements. Please read
the risks discussed under the heading "Risk Factors" in our Annual
Report on Form 20-F for the year ended December 31, 2023, to be filed in the near
future, in order to review conditions that we believe could cause
actual results to differ materially from those contemplated by the
forward-looking statements. You should not rely upon
forward-looking statements as predictions of future events.
Although we believe that the expectations reflected in the
forward-looking statements are reasonable, we cannot guarantee that
future results, levels of activity, performance and events and
circumstances reflected in the forward-looking statements will be
achieved or will occur. Except as required by law, we undertake no
obligation to update publicly any forward-looking statements for
any reason, to conform these statements to actual results or to
changes in our expectations.
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SOURCE Sapiens International Corporation