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Exelixi AI announces AI Advisory Board

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Exelixi AI is pleased to announce the establishment of its world-class Advisory Board with immediate effect. This AI advisory board unites world-renowned academic and industry leaders to provide strategic counsel our firm towards the development of responsible AI solutions and drive innovation in financial services and other verticals.

Suren Vedantham – Group CEO, Exelixi AI

“Our Advisory Board represents the pinnacle of AI and financial leadership. Their collective knowledge will help shape the future of AI in enterprise, and ensure our technology is aligned with industry best practices, client needs, and evolving regulatory expectations.” said Suren Vedantham – Group CEO for Exelixi AI.

The Advisory Board will play a vital role in guiding Exelixi AI’s strategy as it pioneers in AI innovation across financial services and other key sectors. By drawing on their deep domain expertise, the board will support Exelixi AI in developing cutting-edge AI-driven solutions that unlock’s new revenue opportunities, enhance operational efficiencies, and create transformative business outcomes for clients.

Meet the AI Advisory Board

Dr. Edward Altman

Dr. Edward Altman

Dr. Altman is the Max L. Heine Professor Emeritus of Finance at the Stern School of Business, New York University, and Director of the Credit and Fixed Income Research Program at the NYU Salomon Center. Dr. Altman has an international reputation as an expert on corporate bankruptcy and credit risk analysis. He was named Laureate 1984 by the Hautes Études Commerciales Foundation in Paris for his accumulated works on corporate distress prediction models and awarded the Graham & Dodd Scroll for 1985 by the Financial Analysts Federation for his work on Default Rates and High Yield Corporate Debt. Dr. Altman is the creator of the world-famous Altman Z-Score Model, perhaps the most popular analytic method for determining the probability of default of global corporations.

In 2005, Dr. Altman was named one of the “100 Most Influential People in Finance” by Treasury & Risk Management magazine and is frequently quoted in the popular press and on network TV.

Dr. Altman has been an advisor to many financial institutions including Merrill Lynch, Salomon Brothers, Citigroup, RiskMetrics Group, (MSCI, Inc.), Paulson & Co., and Franklin Templeton. Dr. Altman was a Founding Trustee of the Museum of American Finance and was Chairman of the Board of the Interschool’s orchestras of New York, and current advisor to Golub Capital, a prominent private debt lender.

Dr Walter Gontarek – Chair

Dr. Walter Gontarek

Dr. Walter Gontarek serves as chairperson of the AI Advisory Board. Walt is the CEO/Chair of Channel Digital, the parent of a FCA regulated provider of non-dilutive capital to the innovation economy. He also serves as Chair of Wiserfunding, which provides automated data-driven underwriting, portfolio management and regulatory solutions for confident SMElending decisions. He is also on the Board of Apollo-backed Catalina Holdings UK regulated insurer. He is a visiting fellow at Cranfield University and an Honorary Professor for Fintech at the University of Aberdeen. He holds a doctorate from Cranfield University in Finance.

Gary Haase

Gary Haase

Gary brings over two decades of leadership experience in financial services. He was most recently Chief Operations Officer of CNA, a $13B publicly traded U.S. insurer. Prior to that, he spent 13 years at Apollo- backed Catalina Holdings in a range of roles, including Group COO, where he oversaw 30 completed transactions.

A Fellow of the Casualty Actuarial Society since 2006, Gary brings deep expertise in data and analytics, M&A and integration, and operational transformation. He holds a bachelor’s degree from the University of Iowa and an MBA from NYU Stern, where he has also taught graduate-level courses in statistics and data analysis. He currently serves on the boardof Bermuda-based Fleming Insurance Companies and advises global insurance and technology firms on strategy, acquisition and execution.

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GCC COMPANIES ACHIEVE 30-SECOND PAYROLL PROCESSING WITH 100 PER CENT ACCURACY USING ADVANCED HRMS, REVEALS GREYTHR

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Girish Rowjee, Co-founder and CEO of greytHR

Companies across the GCC region have experienced higher workforce management efficiency using advanced AI-powered HRMS, reporting 100 per cent accuracy and stronger compliance with GCC labour regulations, reveals a recent survey conducted by greytHR, the leading full-suite Human Resource Management System (HRMS) platform. Notably, organisations with around 1000 employees could complete their payroll processing in just about 30 seconds using the innovative platform. 

The findings point to an exponential shift within the GCC HR landscape, where organisations are embracing intelligent automated HR operations amid evolving labour regulations, hybrid work models, and the rise of multi-country workforces. The company’s data shows that 75 per cent of GCC companies are first-time HR automation adopters, while 24 per cent have migrated from legacy systems, highlighting the ongoing regional transition towards fully digitised, compliance-ready HR frameworks.

greytHR is powering this digital shift through its robust cloud-based infrastructure and AI-powered tools, which simplify the entire hire-to-retire employee lifecycle, from recruitment and onboarding to core HR, leave, attendance, payroll, performance, exit and engagement.

Girish Rowjee, Co-founder and CEO of greytHR, said, “At greytHR, we believe that ‘people’ are the primary pillar of any business. A company’s growth relies on the dedication and hard work of its employees. As a result of this belief, we built our HRMS to make employee lifecycle management simpler, more transparent, and more connected within the HR ecosystem. Our goal is to help organisations reinvent how they manage and support their workforce through intelligent, people-focused automation in today’s digital world.”

Through it’s a highly intelligent and unified system, greytHR has been continuously addressing the region’s distinctive challenges and maximising impact through efficient workforce management.

Sayeed Anjum, Co-Founder & CTO, greytHR, said: “As companies expand across borders and hybrid work models become the norm, HR leaders face issues such as manual payroll errors, fragmented systems and limited automation, which can directly impact compliance, employee satisfaction, and productivity. Our platform is tailored to address these pain points and the region’s unique needs by serving as an intelligent, unified system that simplifies all stages of workforce management. This further aligns with our broader vision of creating measurable impact for companies and transforming the regional HR ecosystem through digitisation.”

He further stated: “Currently, IT & ITeS, Business, and Financial Service sectors lead in HRMS adoption, at 19 per cent, 15 per cent and 10.5 per cent respectively, highlighting the vital role of technology-driven and service-oriented businesses in catalysing the ongoing digital HR revolution.”

greytHR offers built-in compliance features tailored to GCC nations, including automated GPSSA deductions, multi-country payroll capabilities, and real-time analytics. Moreover, its intuitive interface and modular architecture make it accessible to businesses of all sizes, from startups to large enterprises.

The company showcased these advanced offerings at the recent HR Summit & Expo 2025, held in Dubai, highlighting its commitment to supporting the region’s evolving workforce needs. As GCC continues to position itself as a global business hub, greytHR remains steadfast in its efforts to positively shape the future of the regional HR industry.

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NEW SOLARWINDS REPORT: GEN AI SIGNIFICANTLY DROPS INCIDENT RESPONSE TIME FOR ITSM TEAMS

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SolarWinds, a leading provider of simple, powerful, secure observability and IT management software, has released its 2025 ITSM Report, which outlines a clear delineation between Information Technology System Management systems that leverage generative AI (GenAI) in their operations and those that do not. The report analyzed more than 2,000 ITSM systems and more than 60,000 aggregated and anonymized customer data points.

Over the past year, IT teams have moved from experimenting with automation to actively integrating generative AI into their workflows—reshaping how they diagnose issues, resolve incidents, and deliver service. What began as an efficiency play is now transforming team structures and redefining the ITSM experience itself. As GenAI becomes embedded in daily operations, organizations are uncovering new performance gains and insights that signal a broader shift in how IT service management is evolving.

The GenAI Effect: Faster Resolutions, Smarter Service

The data shows that organizations using GenAI in ITSM significantly reduce incident resolution times. SolarWinds analysts examined key AI-driven capabilities—such as automated ticket responses, knowledge article recommendations, and incident summaries—and compared resolution times before and after enabling GenAI. The results revealed:

  • The average resolution time before GenAI: 27.42 hours
  • The after GenAI enablement: 22.55 hours
  • The average time saved per incident: 4.87 hours
  • The relative reduction: 17.8 percent

The report also reviewed the resolution times of organizations that have yet to implement GenAI into their ITSM functions. The data showed a much wider gap between GenAI enablement/non-enablement than the group mentioned above:

  • The average incident resolution time (non-GenAI customers): 32.46 hours
  • The average for GenAI customers post enablement: 22.55 hours
  • The time difference: 9.91 hours per incident
  • The relative improvement: 30.5 percent

GenAI adopters represent more mature, innovation-driven ITSM operations. This consists of teams already embracing self-service, knowledge management, and automation. Their adoption signals a culture ready to drive broader organizational innovation and transformation.

Reclaiming Time and Producing ROI

When IT teams significantly reduce time spent on manual tasks, they reclaim valuable hours that can be redirected toward strategic initiatives—turning efficiency gains into tangible ROI for the organization. According to the data, which culminated all incidents logged from August 1, 2024 to July 31, 2025, GenAI-enabled organizations saved a cumulative 323,343 hours after GenAI enablement.

“By leveraging GenAI, ITSM teams can reclaim time and resources once spent on routine tasks, enabling them to focus on strategic initiatives that drive real business value,” said Lauren Okruch, Senior Manager for ITSM, at SolarWinds. “Looking ahead, embracing technologies like GenAI isn’t just about efficiency—it’s a strategic imperative for organizations aiming to innovate, stay ahead of change, and transform IT from a support function into a proactive driver of growth.”

Setting ITSM Teams up for Success

SolarWinds is committed to offering ITSM teams AI tooling and other innovative solutions that drive efficiency and improve user experience, including the announcement of the SolarWinds AI agent and other innovations on October 8. The SolarWinds Service Desk Premier Plan offers ITSM customers:

  • Automation workflows and runbooks
  • AI-powered suggestions and deflection tools
  • Enhanced reporting and customization options
  • Virtual Agent integration with Slack and Microsoft Teams
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VERTIV SELECTED TO SUPPLY ADVANCED AI-READY INFRASTRUCTURE FOR DIGITAL REALTY’S NEW DATA CENTER CAMPUS IN ITALY

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Vertiv (NYSE: VRT), a global provider of critical digital infrastructure, today announced it will supply next-generation infrastructure for ROM1, Digital Realty’s first data center in Italy with a planned capacity above 3 MW. The agreement extends the comprehensive suite of Vertiv solutions and existing technology implementations with Digital Realty across European locations, including Paris, Madrid, and Amsterdam.

The ROM1 facility will feature advanced cooling and power infrastructure designed specifically for high-performance computing (HPC) environments. The technology implementation includes innovative free-cooling systems that leverage Rome’s climate conditions, and highly energy-efficient power management systems designed to support high-density workloads.

The project will be implemented in phases, with the facility planned to begin operations in 2027. ROM1 will serve as a carrier-neutral facility optimized for AI and machine learning workloads. Its strategic location will establish Rome as a key digital hub, connecting to major Mediterranean cities through fiber networks and submarine cables. Expansion plans also include connectivity in Barcelona, launching in early 2026. The new facility will support the company’s growth as a leader in the Mediterranean, complementing its existing data centers in Marseille, Athens, and Crete.

“Rome is emerging as a crucial gateway for digital infrastructure between Europe and the Mediterranean,” says Alessandro Talotta, managing director, Italy of Digital Realty. “The cutting-edge technologies selected for ROM1 will help establish it as a strategic AI hub, setting new benchmarks for energy efficiency and performance in high-performance computing.”

“The growing adoption of AI applications is driving the need for more sophisticated data center infrastructure,” says Karsten Winther, president for EMEA at Vertiv. “Our cooling and power solutions are built on decades of experience in supporting the most demanding applications and are designed for projected scalability while helping customers meet their efficiency objectives.”

ROM1’s technical innovations include AI-ready cooling systems that adapt to varying workload demands and high-efficiency power distribution designed for intensive computing. The facility incorporates smart environmental controls that respond to real-time conditions and are integrated with alternative energy sources. These technological choices reflect both companies’ focus on supporting advanced computing needs while minimizing energy consumption and environmental impact.

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