Mphasis, an Information Technology (IT) solutions provider recently announced that it won the 2024 NASSCOM AI Gamechangers Award for the Healthcare and Pharma category for Enterprise at Nasscom, which was held in Bengaluru.
The Healthcare and Pharma category in the Nasscom AI Gamechangers Awards acknowledge AI solutions that improve patient care, optimize operational efficiency, and drive advancements in healthcare delivery for enterprise organisations.
With an aim to optimise their customer loyalty programs, Mphasis collaborated with one of the largest healthcare service providers in the US. The company developed a cutting-edge Quantum ML-driven solution to enhance AI-ML workflows in tackling large data and rare event detection challenges. The hybrid quantum predictive analytics solution was utilised in identification of potential profitable customers.
The award-winning solution has two key components which include quantum feature selection (QFS) and quantum machine learning (QMS). The adoption of a quantum optimization-driven feature selection methodology along with a hybrid quantum-classical machine learning approach aided the company in achieving significant results.
The solution reduced data requirements by 90 per cent without compromising on model accuracy. It has the capability for cost saving, operational efficiency, and a faster time-to-market.
The Nasscom AI Gamechangers' award's main focus is to acknowledge the accomplishments of AI innovators and to reward AI implementation stories from enterprises, startups, government entities, research and academic institutions, and NGOs across various sectors.
Srikumar Ramanathan, Chief Solutions Officer, Mphasis, said, "We are honored to receive the NASSCOM AI Gamechangers Award for our work in the Healthcare & Pharma category. This recognition reflects our commitment to innovation and our strategic and timely investments in AI and Quantum Computing. By leveraging Quantum 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 committed to our journey of innovation and excellence that improve and drive the future of healthcare."
