- CLPS Incorporation (CLPS, Financial) has unveiled a suite of AI solutions to transform business operations and create new revenue streams.
- The company successfully deployed AI solutions across five key areas, targeting high-demand sectors like financial services.
- A strategic overseas joint venture was initiated to expand market reach and enhance AI capabilities.
CLPS Incorporation (CLPS), through its Singapore subsidiary, has introduced a transformative set of artificial intelligence (AI) solutions designed to optimize and modernize business operations. This comprehensive suite includes AI-Powered Code Migration, Intelligent Automated Testing, Long-Text Intelligent Parsing, a Multilingual Customer Service Matrix, and an AI-OCR Contract Processing Platform.
The AI-Powered Code Migration tool aims to address the technical debt associated with legacy systems by converting COBOL and JCL to modern languages such as Java and Python, offering substantial cost reductions and efficiency improvements. Meanwhile, the Intelligent Automated Testing solution utilizes Natural Language Processing (NLP) to streamline software development by converting requirements into test scenarios, reducing testing cycles, and enhancing defect detection.
CLPS's Long-Text Intelligent Parsing provides significant advancements in document processing for compliance, reducing errors and boosting productivity. The Multilingual Customer Service Matrix leverages advanced speech recognition and neural machine translation to offer 24/7 support, enhancing global market penetration and reducing operational costs. Their AI-OCR Contract Processing Platform automates contract handling, improving efficiency, and speeding up deal closures.
To support the deployment of these solutions, CLPS has entered a strategic overseas joint venture with an industry leader. This move is expected to enhance its market presence and AI implementation capabilities, allowing CLPS to meet the rising global demand for intelligent transformation services.
Mr. Sky Sun, Chief Marketing Officer of CLPS, emphasized the company's commitment to embedding AI into core business processes, while Mr. Raymond Lin, CEO, highlighted the focus on strategic scenario-based AI implementations as part of CLPS's growth strategy for 2025.
With these developments, CLPS aims to solidify its standing as a key player in the AI transformation market, providing measurable ROI and competitive advantages for its clients. The strategic initiatives and investments into AI are expected to unlock significant growth opportunities for CLPS and its stakeholders.
