Basware Selects Rackspace's Foundry For AI To Enhance ETL Coding Process And Accelerate Innovation
Portfolio Pulse from Benzinga Newsdesk
Basware has partnered with Rackspace Technology to enhance its ETL coding process using AI models trained on Amazon Bedrock and AWS. This collaboration aims to accelerate innovation and improve customer focus on business operations.
July 16, 2024 | 7:07 am
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POSITIVE IMPACT
Amazon Web Services (AWS) and Amazon Bedrock are being utilized by Basware and Rackspace Technology to train AI models for enhancing ETL coding processes. This collaboration highlights AWS's role in facilitating innovation and could lead to increased usage of AWS services.
The use of AWS and Amazon Bedrock in this partnership underscores AWS's importance in facilitating technological innovation. This could lead to increased demand for AWS services, positively impacting Amazon's revenue and stock price in the short term.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
Rackspace Technology has partnered with Basware to enhance ETL coding processes using AI models trained on Amazon Bedrock and AWS. This partnership is expected to accelerate innovation and improve customer focus, potentially boosting Rackspace's service offerings and revenue.
The partnership with Basware to use AI for enhancing ETL coding processes is likely to improve Rackspace's service offerings. This could lead to increased customer satisfaction and potentially higher revenues, positively impacting Rackspace's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80