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Bengaluru, Karnataka, September 5, 2024 – Mphasis, an Information Technology (IT) solutions provider specializing in and services, announced today that it has won the for the Healthcare & Pharma category for Enterprise at Nasscom AI Confluence, held in Bengaluru. This award highlights Mphasis’ dedication to utilizing innovative technologies to create groundbreaking solutions that tackle the most pressing challenges in the healthcare industry.

The Healthcare & Pharma category in the NASSCOM AI Gamechangers Awards recognizes AI solutions that have a significant positive impact on patient care, optimize operational efficiency, and drive advancements in healthcare delivery for enterprise organizations. The Award recognizes AI implementations that effectively address critical challenges in the healthcare sector and demonstrate measurable impact, innovation, and scalability.

Mphasis partnered with a leading healthcare service provider in the US to optimize their customer loyalty programs through the application of quantum accelerated predictive AI. The company faced the challenge of processing massive datasets containing millions of customer records and thousands of features to accurately predict customer enrollment probabilities in the loyalty program. Mphasis developed a cutting-edge Quantum ML-driven solution designed to enhance AI-ML workflows, specifically addressing challenges related to high-dimensional big data and rare event detection, which were crucial to the client’s use case. The hybrid quantum-classical predictive analytics solution was used to identify potential profitable customers for the client’s loyalty program based on their historical spending analysis.

The award-winning solution incorporated two key components: Quantum Feature Selection (QFS) and Quantum Machine Learning (QML). Mphasis adopted a quantum optimization-driven feature selection methodology alongside a hybrid quantum-classical machine learning approach for model training, resulting in impressive outcomes.

Significantly, the solution reduced data requirements by 90% without compromising model accuracy and automated the feature selection process. It holds the potential for substantial cost savings due to reduced compute and man-hours, improved operational efficiency, and a faster time-to-market.

“We are honored to receive the NASSCOM AI Gamechangers Award for our work in the Healthcare & Pharma category. This recognition underscores our commitment to innovation and our strategic and timely investments in AI and Quantum Computing. By leveraging Quantum Machine Learning, we have not only tackled complex data challenges but also established a new benchmark for operational efficiency and cost savings in the healthcare industry. We remain dedicated to our journey of innovation and excellence that improve and drive the future of healthcare,” said Srikumar Ramanathan, Chief Solutions Officer, Mphasis.

The Nasscom AI Gamechangers’ awards primary objective is to spotlight and celebrate the extraordinary achievements of AI innovators. The awards were established to recognize and reward impactful AI implementation stories from enterprises, startups, government entities, research and academic institutions, and NGOs across various sectors.

About Mphasis

Mphasis’ purpose is to be the “Driver in Driverless Car” for Global Enterprises by applying next-generation design, architecture, and engineering services, to deliver scalable and sustainable software and technology solutions. Customer centricity is fundamental to Mphasis, and is reflected in the Mphasis’ Transformation approach. Front2Back utilizes the exponential power of cloud and cognitive to provide hyper-personalized (C=X2C2 TM=1) digital experience to clients and their end customers. Mphasis’ Service Transformation approach helps ‘shrink the core’ through the application of digital technologies across legacy environments within an enterprise, enabling businesses to stay ahead in a changing world. Mphasis’ core reference architectures and tools, speed and innovation with domain expertise and specialization, combined with an integrated sustainability and purpose-led approach across its operations and solutions are key to building strong relationships with marquee clients. (BSE: 526299; NSE: MPHASIS)

For further information, please contact:

Mphasis Corporate Communications

Sumana Bhat

Email:

Phone: +91 9902 980 980