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GFT TECHNOLOGIES AG (FRA:GFT) EQS-News: GFT AI Impact 1.0: Time savings of up to 90 per cent in the software development life cycle

Transparency directive : regulatory news

10/07/2024 09:48

EQS-News: GFT Technologies SE / Key word(s): Product Launch/Miscellaneous
GFT AI Impact 1.0: Time savings of up to 90 per cent in the software development life cycle

10.07.2024 / 09:48 CET/CEST
The issuer is solely responsible for the content of this announcement.


GFT AI Impact 1.0: Time savings of up to 90 per cent in the software development life cycle

Significant acceleration demonstrated in real projects with European and South American companies

Stuttgart, 10 July 2024 – The journey of creating software is long, complex, fragmented, and involves dozens of separate tools. Embedded Artificial Intelligence solutions can streamline this process. In pilot projects with Latin American tier 1 banks GFT's AI Impact has demonstrated significant efficiency improvements in software development:

  • 85% faster documentation generation
  • 65% reduction of bug fixing time
  • 85% quicker identification of new vulnerabilities
  • 90% acceleration in story creation
  • 80% faster code review

AI Impact eliminates technical debt, increases developer efficiency, and automates processes. Based on the experience gained in these initial projects, GFT now introduces AI Impact 1.0. The solution was launched as a Beta version in November 2023.

GFT is currently piloting AI Impact in several tier-1 banks, insurance companies and infrastructure companies in South America and Europe. In Brazil, five projects with companies from the telecommunications, retail and health sectors, as well as the financial sector, are currently underway.

“Generative AI is revolutionising the way software is created. I am certain that there will be no software development without AI anymore. Even now, anyone who is developing software without AI is putting themselves at a great disadvantage,” said GFT Co-CEO Marco Santos. “With AI Impact we are making sure our clients are among the first to profit from this revolution.”

AI Impact 1.0 is a suite of seven tools that help with different steps of the software development process. They help with creating stories and estimating their effort and complexity, code review, vulnerability detection and code correction, documentation and testing.

AI Impact is part of the GFT AI.DA Marketplace, a platform that combines predictive and generative AI technologies and data analytics. The GFT AI.DA Marketplace promotes the development and introduction of AI applications by providing a comprehensive collection of use cases, methods, reference architectures and preconfigured solutions. This helps to significantly accelerate the digital transformation.

 

This press release is also available for download from the GFT newsroom.

 

 

Your contacts

GFT Press
Dr Markus Müller
Group Public Relations
GFT Technologies SE
Schelmenwasenstraße 34
70567 Stuttgart
Germany
+49 711 62042-344
markus.j.mueller@gft.com
 
Investors
Andreas Herzog
Investor Relations
GFT Technologies SE
Schelmenwasenstraße 34
70567 Stuttgart
Germany
+49 711 62042-383
Andreas.Herzog@gft.com

 

 

About GFT – Shaping the future of digital business

GFT is a digital transformation pioneer. By leveraging next-generation technologies, we enable clients to boost their productivity with intelligent software solutions. We focus on Digital Finance, Enterprise AI & Data Solutions, and Platform Modernisation.

GFT's strengths include deep technological excellence, a strong ecosystem of partners, and industry expertise. We are agile@scale and boost digital transformation for clients from the finance and insurance sectors, as well as the manufacturing industry. GFT talents create, implement, and manage software applications to enable innovative businesses while complying with regulations. 

With locations in 20 markets around the globe, GFT ensures proximity to its clients. We draw on over 35 years of experience and a global team of over 12,000 determined talents. GFT provides them with career opportunities in the most innovative areas of software engineering. The GFT Technologies SE share is listed in the SDAX index of the German Stock Exchange (ticker: GFT-XE).

www.gft.com
https://www.gft.com/int/en/blog
www.linkedin.com/company/gft-technologies
www.twitter.com/gft_tech

 



10.07.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language: English
Company: GFT Technologies SE
Schelmenwasenstraße 34
70567 Stuttgart
Germany
Phone: +49 (0)711/62042-0
Fax: +49 (0)711/62042-301
E-mail: ir@gft.com
Internet: www.gft.com
ISIN: DE0005800601
WKN: 580060
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1942871

 
End of News EQS News Service

1942871  10.07.2024 CET/CEST

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