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ServiceNow Advances Enterprise-Grade Generative AI Through Expanded Partnership With NVIDIA
"ServiceNow and NVIDIA are building a future where businesses can break through every barrier," said ServiceNow Chairman and CEO Bill McDermott. "GenAI is unlocking a new era of growth, completely reimagining digital experiences at scale. This is a once-in-a-generation opportunity, with ServiceNow and NVIDIA fueling technology breakthroughs." "Generative AI is driving a transformative leap that is shaping the future of technology and business," said Jensen Huang, founder and CEO of NVIDIA. "Together, NVIDIA and ServiceNow are helping enterprises everywhere embrace generative AI within the platforms they use to serve customers, manage employees, enhance their operations, and transform their industries." NVIDIA and ServiceNow announced their initial partnership to develop powerful enterprise-grade generative AI capabilities in May 2023. Since then, the companies have launched programs such as AI Lighthouse to fast track the development and adoption of GenAI; delivered new GenAI-powered industry innovations like Now Assist for Telecommunications Service Management (TSM); and collaborated with technology leaders like Hugging Face and the Big Code Community on StarCoder2, a family of open-access LLMs for code generation that sets new standards for performance, transparency, and cost-effectiveness. NVIDIA also uses ServiceNow Now Assist to streamline its IT operations and improve employee experience with conversational capabilities, empowering employees to self-solve. ServiceNow continues to improve its rapidly expanding generative AI portfolio so enterprises can bring the power of GenAI to any department, scale to other parts of the business quickly, and accelerate value from AI spend. Internal GenAI use cases at ServiceNow are delivering cost savings and increased productivity. For example, in just the first 120 days using Now Assist, ServiceNow projects it will save millions of dollars per year with increased case deflection through improved self-service and is realizing a 54% incident deflection rate with GenAI for employee issues. Additionally, ServiceNow has seen a 48% code generation acceptance rate internally with GenAI on the ServiceNow platform. NVIDIA NIM inference microservices are already integrated within the Now LLM and available to all ServiceNow customers with Now Assist installed. About ServiceNow ServiceNow (NYSE: NOW) makes the world work better for everyone. Our cloud-based platform and solutions help digitize and unify organizations so that they can find smarter, faster, better ways to make work flow. So employees and customers can be more connected, more innovative, and more agile. And we can all create the future we imagine. The world works with ServiceNow™. For more information, visit: www.servicenow.com. © 2024 ServiceNow, Inc. All rights reserved. ServiceNow, the ServiceNow logo, Now, and other ServiceNow marks are trademarks and/or registered trademarks of ServiceNow, Inc. in the United States and/or other countries. Other company names, product names, and logos may be trademarks of the respective companies with which they are associated. View source version on businesswire.com: https://www.businesswire.com/news/home/20240318887409/en/
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