NEWTOWN,
Pa., Nov. 8, 2024 /PRNewswire/ -- EPAM
Systems, Inc. (NYSE: EPAM), a leading digital transformation
services and product engineering company, today announced the
release of the StatGPT 2.0 Platform, created in collaboration
with the International Monetary Fund (IMF) for evaluating and
testing by Statistical Data and Metadata eXchange (SDMX)
sponsor organizations and selected national statistical
organizations. The Platform will be shown at the 2024 IMF
Statistical Forum: Measuring the Implications of AI on the
Economy.
EPAM's StatGPT 1.0, was initially presented in October 2023 at the World SDMX Congress in
Bahrain and then shown at numerous
events, including the UNECE meeting of the Conference of European
Statisticians and the various SDMX forums. EPAM created StatGPT
based on EPAM DIAL and EPAM QuantHub platforms as a cornerstone of
its next-generation conversational data exploration and analytics
solutions.
SDMX is a set of technical standards designed to describe
statistical data and metadata, normalize their exchange and improve
their efficient sharing across statistical and similar
organizations.[1] It is published as ISO
17369.[2] The SDMX initiative also receives support from
the Bank for International Settlements (BIS),
the European Central Bank (ECB), Eurostat (the
statistical office of the European Union), the International
Monetary Fund (IMF), the Organisation for Economic
Co-operation and Development (OECD), the United Nations
Statistics Division (UNSD), and the World Bank.
The IMF is a multilateral organization that works to achieve
sustainable growth and prosperity for all of its 191 member
countries. It does so by supporting economic policies that promote
financial stability and monetary cooperation, which are essential
to increase productivity, job creation, and economic
well-being.
The new version, StatGPT 2.0, introduces a new approach to data
accessibility and user interaction in statistical data management
and exchange. It is based on the EPAM DIAL technology and was built
over the last six months in close collaboration with IMF experts.
The Platform allows users to access and engage with the world's
economic and financial data using natural language. It is more
efficient than current query tools and ensures users are directed
to the right data and understand how to best use it.
StatGPT 2.0's evaluation included eight publicly available
datasets from international and national statistical agencies and
was evaluated by more than 100 representatives from SDMX sponsoring
institutions and national statistical organizations.
Jim Tebrake, Deputy Director,
Statistical Department of IMF, shared: "As a user of economic and
financial statistics, I am excited about the creation of the
StatGPT 2.0 GenAI-powered platform, which will significantly
improve the way users access the world's global economic data. The
novelty in the StatGPT 2.0 Platform is its ability to seamlessly
guide users to the specific data they need."
Ilya Gorelik, Vice President and
Head of EPAM's Reliable AI Lab, shared: "Creating the StatGPT 2.0
Platform in collaboration with IMF's Statistical Department was an
incredibly rewarding experience. I'm proud to share that we have
received positive feedback from the global and the IMF testing
communities."
Learn more about EPAM DIAL at
https://epam-rail.com/platform.
Learn more about EPAM's advanced AI solutions and advisory
capabilities, visit
http://www.epam.com/services/artificial-intelligence.
About EPAM Systems
Since 1993, EPAM Systems, Inc. (NYSE: EPAM) has used its
software engineering expertise to become a leading global provider
of digital engineering, cloud and AI-enabled transformation
services, and a leading business and experience consulting partner
for global enterprises and ambitious startups. We address our
clients' transformation challenges by focusing EPAM Continuum's
integrated strategy, experience and technology consulting with our
30+ years of engineering execution to speed our clients' time to
market and drive greater value from their innovations and digital
investments.
We make GenAI real with our AI LLM orchestration, testing
and engineering solutions, EPAM DIAL, EPAM
EliteA™ and EPAM AI/RUN™,
respectively.
We deliver globally but engage locally with our expert teams of
consultants, architects, designers and engineers, making the future
real for our clients, our partners, and our people around the
world. We believe the right solutions are the ones that improve
people's lives and fuel competitive advantage for our clients
across diverse industries. Our thinking comes to life in the
experiences, products and platforms we design and bring to
market.
Added to the S&P 500 and the Forbes Global 2000 in 2021 and
recognized by Glassdoor and Newsweek as a Top 100 Best Workplace,
our multidisciplinary teams serve customers across six continents.
We are proud to be among the top 15 companies in Information
Technology Services in the Fortune 1000 and to be recognized as a
leader in the IDC MarketScapes for Worldwide Experience Build
Services, Worldwide Experience Design Services and Worldwide
Software Engineering Services.
Learn more at www.epam.com and follow us
on LinkedIn.
Forward-Looking Statements
This press release includes certain statements which may
constitute forward-looking statements made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995, the accuracy of which are necessarily subject to risks,
uncertainties, and assumptions as to future events that may not
prove to be accurate. Such forward-looking statements are mainly
based on our current expectations and estimates of future events
and trends, which affect or may affect our business and operations.
These statements may include words such as "may," "will," "should,"
"believe," "expect," "anticipate," "intend," "plan," "estimate" or
similar expressions. Those future events and trends may relate to,
among other things, the anticipated impacts or benefits of EPAM's
acquisition of NEORIS, including any market expansion, developments
relating to the war in Ukraine and
escalation of the war in the surrounding region, political and
civil unrest or military action in the geographies where we conduct
business and operate, difficult conditions in global capital
markets, foreign exchange markets and the broader economy, and the
effect that these events may have on client demand and our
revenues, operations, access to capital, and profitability. Other
factors that could cause actual results to differ materially from
those expressed or implied include general economic conditions, the
risk factors discussed in our most recent Annual Report on Form
10-K and the factors discussed in our Quarterly Reports on Form
10-Q, particularly under the headings "Management's Discussion and
Analysis of Financial Condition and Results of Operations" and
"Risk Factors" and other filings with the Securities and Exchange
Commission. Although we believe that these forward-looking
statements are based upon reasonable assumptions, they are subject
to several risks and uncertainties and are made based on
information currently available to us. EPAM undertakes no
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events, or
otherwise, except as may be required under applicable securities
law.
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SOURCE EPAM Systems, Inc.