Generative AI, as most are aware of, holds immense potential for transforming businesses with its ability to create, learn and adapt. It is paving the way for the next phase of autonomous enterprises. According to Valuates Reports, the global generative AI market size is projected to reach $126.5 billion by 2031.

In line with this seminal trend, LTIMindtree, a global technology consulting and digital solutions company, unveiled Canvas.ai, an enterprise-ready generative AI platform aimed at propelling businesses on their concept-to-value journey.

Before diving into Canvas.ai, some background on LTIMindtree. LTIMindtree, as stated above, is a global technology consulting and digital solutions company that enables enterprises across industries to reimagine business models, accelerate innovation and maximize growth by harnessing digital technologies. As a digital transformation partner to more than 700 clients, LTIMindtree brings extensive domain and technology expertise to help enhance competitive differentiation, customer experiences and business outcomes in a converging world.

Designed with the principles of mindful AI, LTIMindtree’s Canvas.ai is among the pioneering platforms that empower enterprises to jumpstart and scale their generative AI capabilities, fostering business innovation and enhancing engineering productivity.

One of the key distinguishing features of Canvas.ai is its well-architected framework and robust governance measures. This ensures the effective management of proprietary and industry-specific data, with an emphasis on ethical use, sustainability, privacy and security. The platform-based architecture of Canvas.ai caters to the needs of three key personas within businesses: creators who build generative AI solutions, admins who manage the platform and users who consume governed generative AI solutions.

And the results of using Canvas.ai are telling. Canvas.ai guarantees up to 40%-50% reduction in time and effort for app modernization and cloud migration programs.

"With Canvas.ai, clients gain access to LTIMindtree's partnership with leading Large Language Model providers and ecosystem of proprietary accelerators, domain-specific solution and product offerings, and future-ready talent pool,” said Nachiket Deshpande, Chief Operating Officer at LTIMindtree. “This will help clients harness the power of Generative AI and build out solutions for data monetization, productivity co-pilots, and engineering frameworks

The platform-centered architecture of Canvas.ai also enables seamless standardization and effortless integration of generative AI technology advancements. This fosters enhanced efficiency across the enterprise, leading to reduced long-term infrastructure and operating expenses as businesses undergo digital transformation of their core operations.

LTIMindtree's Canvas.ai is available to clients globally through its Generative AI Studios located in Warren, New Jersey; Dallas; Hartford, Connecticut; and Minneapolis in the U.S., as well as London and Paris in Europe, and Mumbai, Bengaluru and Hyderabad in India.