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NEWTOWN, Pa. - EPAM Systems, Inc. (NYSE:EPAM), a technology services provider with strong financial health according to InvestingPro metrics, announced Thursday the release of its AI/Run.Transform Playbook, a set of integrated consulting services designed to help enterprises adopt artificial intelligence technology across their operations.
The new offering combines AI-native delivery, strategic consulting, and technical expertise into a single framework that focuses on business innovation and engineering transformation throughout the product development lifecycle, according to a company press release. The company’s solid balance sheet, with more cash than debt, positions it well to invest in such innovative solutions.
The playbook consists of three main components: AI/Run.Blueprints with modular frameworks, AI/Run.Talent that combines industry expertise with AI capabilities, and AI/Run.Tools that include proprietary platforms and technology partner solutions.
"True transformation demands both leadership vision and technology execution," said Nir Kaldero, Chief Data & AI Strategist at EPAM, in the statement.
Dmitry Tovpeko, VP of AI-Native Engineering at EPAM, noted that the company aims to help organizations become "truly AI-native" by embedding AI workflows into the software development lifecycle.
The approach addresses what EPAM describes as a critical industry need to align technical and business strategies. The company cited Forrester research indicating that such alignment is "a prerequisite to an AI strategy."
EPAM Systems, founded in 1993, provides digital engineering and cloud services to global enterprises. The company was added to the S&P 500 and Forbes Global 2000 in 2021.
The announcement comes as businesses across industries seek more structured approaches to implementing AI technologies throughout their operations while measuring return on investment. With EPAM’s next earnings report scheduled for November 6, investors following the company’s AI initiatives can access detailed financial analysis and additional ProTips through InvestingPro’s comprehensive research platform.
In other recent news, EPAM Systems announced a significant $1 billion stock repurchase program, authorized by its Board of Directors. This buyback initiative is set to run over the next 24 months, with flexibility for the company to adjust or discontinue it as needed. Additionally, EPAM Systems has expanded its collaboration with Oracle, aiming to integrate Oracle Cloud Infrastructure and AI services to enhance cloud strategies for various industries, including healthcare and financial services. In another development, EPAM Systems has partnered with BOSS to launch an immersive racing experience using Apple Vision Pro, offering motorsport fans a unique virtual engagement. On the analyst front, TD Cowen has upgraded EPAM Systems’ stock rating from Hold to Buy, citing the company’s recovery trajectory and substantial progress in its global delivery reorganization. These recent developments underscore EPAM Systems’ strategic initiatives and ongoing market activities.
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