Mphasis, a leading IT solutions provider specializing in cloud and cognitive services, has been honored with the prestigious NASSCOM AI Gamechangers Award 2023-24 in the Healthcare & Pharma category. This recognition, announced at the Nasscom AI Confluence in Bengaluru, highlights Mphasis’ innovative use of AI in addressing some of the healthcare industry’s most pressing challenges.
Transforming Healthcare with Quantum AI
The NASSCOM AI Gamechangers Awards are designed to spotlight innovative AI solutions that enhance patient care, optimize operational efficiency, and advance healthcare delivery. Mphasis earned this accolade by partnering with one of the largest healthcare service providers in the US to revolutionize their customer loyalty programs using quantum-accelerated predictive AI.
Faced with the challenge of processing massive datasets containing millions of customer records and thousands of features, Mphasis developed a groundbreaking Quantum AI ML-driven solution. This solution specifically addressed high-dimensional big data and rare event detection, both of which were critical to accurately predicting customer enrollment probabilities in the loyalty program.
Key Components of the Award-Winning Solution
The solution that earned Mphasis the award featured two pivotal components: Quantum AI Feature Selection (QFS) and Quantum Machine Learning (QML). By adopting a quantum optimization-driven feature selection methodology alongside a hybrid quantum-classical machine learning approach, Mphasis achieved exceptional results.
One of the most impressive outcomes was a 90% reduction in data requirements without compromising model accuracy. Additionally, the solution automated the feature selection process, leading to significant cost savings, increased operational efficiency, and a faster time-to-market for the healthcare provider.
A Commitment to Innovation
Srikumar Ramanathan, Chief Solutions Officer at Mphasis, expressed the company’s pride in receiving the award, stating, “This recognition reflects our commitment to innovation and our strategic investments in AI and Quantum Computing. By leveraging Quantum AI Machine Learning, we have not only addressed complex data challenges but also set a new benchmark for operational efficiency and cost savings in the healthcare industry. We remain dedicated to our journey of innovation and excellence that will continue to drive the future of healthcare.”
Celebrating AI Excellence
The NASSCOM AI Gamechangers Awards are dedicated to recognizing and celebrating the extraordinary achievements of AI innovators across various sectors. These awards highlight impactful AI implementation stories from enterprises, startups, government entities, research and academic institutions, and NGOs, showcasing the transformative power of AI in today’s world.
For more information on Mphasis and their award-winning solutions, as well as to explore how quantum AI is shaping the future of healthcare, click here to learn more.
