Latest news with #OpenText
Entrepreneur
21 hours ago
- Business
- Entrepreneur
Riding on India's Push Towards Digital, Data, and Cloud: Manoj Nagpal
Over the past three decades, OpenText has transformed from a document management innovator into a global leader in Information Management, serving over 120,000 enterprise customers in 180 countries. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Tech 25: Manoj Nagpal, MD, OpenText India and VP Professional Services OpenText began as a collaborative research project between the University of Waterloo and Oxford University in 1991, originally aiming to digitise and make the Oxford English Dictionary searchable. This pioneering effort in full-text search laid the foundation for what would become one of the world's top ten software companies today. Over the past three decades, OpenText has transformed from a document management innovator into a global leader in Information Management, serving over 120,000 enterprise customers in 180 countries. Today, it has a portfolio of AI-led, cloud-based software and services that power and protect information across complex digital ecosystems. In India, since 2004, OpenText has been a key enabler of digital transformation, supporting mission-critical initiatives across both public and private sectors. "OpenText delivers one of the most comprehensive Information Management platforms in the industry, spanning content services, business network, cybersecurity, IT operations, digital experience, and developer APIs. With the launch of Titanium X and the OpenText Aviator platform, we are bringing generative AI and automation to the heart of enterprise workflows. These technologies are transforming how businesses operate by augmenting knowledge workers with AI agents, reducing complexity, automating decisions, and unlocking new productivity frontiers," says Manoj Nagpal, MD, OpenText India and VP Professional Services. Asked how he ensures his company stays ahead and relevant in a constantly changing marketplace, Nagpal says, "We stay ahead by embracing transformation ourselves. OpenText consistently evolves with the market, most recently through a bold shift to a cloud-first, AI-integrated strategy and a reimagining of our brand as a unified innovator rather than a 'house of brands'. At the heart of our approach is continuous investment in R&D, strategic acquisitions, and product simplification." OpenText's Indian innovation hubs play a pivotal role in global product engineering and partners closely with customers to co-innovate. "By aligning closely with megatrends like AI, Zero Trust security, and responsible automation, we ensure long-term relevance and leadership," he says. India's accelerated push toward digital transformation, increasing data regulation, and demand for cloud-native solutions are key drivers for OpenText, says Nagpal. "Organisations across BFSI, government, manufacturing, and telecom are prioritising secure information management, intelligent automation, and AI-led insights—all core strengths of our platform. Even amid global headwinds, India's tech spending continues to rise, particularly in compliance-driven and AI-powered transformations." In terms of its growth plans, OpenText aims to deepen its market penetration in India by expanding its capabilities in cloud, security, AI, and increasing local customer engagements. "We are also growing our presence in regulated sectors like BFSI and government, where data sovereignty and security are paramount. India will continue to play a strategic role in our global R&D operations, with plans to expand our engineering and innovation hubs. Moreover, we aim to grow our team here and invest significantly in talent over the coming years. We aim to increase our headcount from 6500 currently to 10,000 in 3 years," says Nagpal. Company Facts: Year of Inception: 1991 (Global), 2004 (India operations) Number of Employees: ~6500 in India (part of ~24,000 globally) Revenue for 2024: USD 5.8 billion (Region-wise revenue not disclosed) Major Clients: Aircel, Vodafone, DHFL Pramerica (DPLI), Tata Consultancy Services, L&T Technology Services, etc. Any IP Developed/Patented: Over 700 global patents across AI, cybersecurity, cloud orchestration, and enterprise content management technologies
Forbes
3 days ago
- Business
- Forbes
Sorry, DevOps: Garbage Data Can Only Generate Garbage AI Outcomes
Savinay Berry is the Executive Vice President and Chief Product Officer for OpenText. As artificial intelligence (AI) continues to evolve, we've seen more and more of its capabilities and limitations. We've witnessed AI perform tasks once deemed futuristic, reminiscent of scenes from sci-fi pop culture, such as Hanna-Barbera's iconic 1960s cartoon, The Jetsons. In this animated series, nearly every aspect of life is automated, from housework and meal prep to fashion, depicting a world where AI plays a central role in daily activities. While exaggerated, the show prompted me to contemplate exactly what role AI can—and should—play in helping product leaders deliver the next generation of innovation. Specifically, I began to wonder: How can AI be integrated into DevOps strategies as more than just a tool, but as a strategic ally—an extension of software development teams. The benefits of AI in DevOps—from automating testing and deployment to improving resource management and enhancing security—are driving increased investment. The "2024 Developer Survey" from Stack Overflow revealed that 76% of developers are using or planning to use AI tools, up from 70% last year. Notably, 81% cited productivity gains as the biggest benefit, while 62% valued accelerated skill development. As an innovator, I've already seen AI refine operations, simulating human intelligence across workflows. AI and automation offer unparalleled opportunities to reimagine software delivery. It streamlines resource-intensive areas such as testing, code-writing and deployment, all while ensuring compliance and security. AI and automation can also autogenerate test scripts, adding ready-to-go test scenarios to plans in a single click, as well as creating anticipatory project reports to pinpoint potential risks that could jeopardize software quality. And this is only scratching the surface of what is possible. So, What's The Issue? The risks of not adopting AI are significant and go beyond the DevOps community—it is a larger CIO issue. According to a recent survey from OpenText, 96% of respondents are using, testing, or planning to explore AI across their organization. Moreover, 78% believe failing to leverage internal data effectively will squander AI's potential. This seems promising, but the reality is more nuanced. In DevOps, the intersection of AI and operations goes beyond implementing advanced algorithms; it demands a robust foundation of organized, high-quality data. Without this foundation, achieving desired AI outcomes becomes a formidable challenge, and we risk stumbling at the first hurdle. Cleaning Up Your Data Is More Than Fixing Spreadsheets Understanding the role of information management means recognizing that AI thrives on high-quality data. The expression "garbage in, garbage out" applies here. If data isn't managed for accuracy and accessibility, desired AI results won't be achieved. High-quality data, on the other hand, sets the stage for success. Consider a car engine: Removing deposits and sludge (inaccurate, outdated, irrelevant and incorrect information) reduces friction, while clean oil (large language models and AI) ensures smooth performance. Much like good car engine maintenance, effective information management ensures longevity and optimal performance, generating superior and enduring AI results. Remember, even the most skilled data scientists and developers can't achieve optimal results without reliable data. And while many businesses understand AI's dependence on quality data, few feel ready to act on it. It's a shame because only organizations that govern, unify and protect their information will unlock AI's full, transformative potential. Optimize Your AI Initiatives With Quality Data Is your AI engine running on premium data? For DevOps teams, maximizing value starts with a solid information management foundation. Begin with these five steps: 1. Audit Your Data: Conduct a comprehensive review of all data assets (data logs, appdev dashboards, metadata, etc.) across cloud and on-premises storage. Identify data sources, formats and quality to build a knowledge base for AI workflows that can support faster application delivery, automated testing and intelligent code suggestions. Clean historical data also improves time-to-market predictions. 2. Set Data-Governance Standards: Adhering to data governance standards ensures that the applications they build comply with privacy regulations and industry standards. Establish clear data-governance protocols to safeguard privacy and ensure proper data management. Consistent, high-quality data flows are essential for reliable AI results, making effective governance paramount. 3. Implement Continuous Data Integration: Embrace an ongoing process to integrate disparate datasets into a unified format suitable for AI analysis. This continuous aggregation ensures AI assistants have a relevant and useful foundation for effective functionality. This can reduce the burden on not only application developers, but also quality assurance testers and managers, as accurate results can be assured every time. 4. Secure Data Flows: Prioritize data security and align your practices with regulatory requirements and industry standards. Implement proactive validation checks and AI-driven threat detection to maintain data integrity and security. Developers must incorporate security best practices, such as encryption and access controls, into their data handling processes. 5. Enhance Data Accessibility: Enable conversational search interfaces and AI assistants to access relevant datasets from multiple knowledge bases, when your information is clean. These tools can empower developers to optimize the software delivery cycle and reduce delivery times. With tools like this, clients I've worked with were able to maximize test coverage in less time and on (or under) budget, while enjoying greater access to high-level insights. Elevating DevOps With AI Through Information Management AI and automation have already shown their potential to enhance operations and productivity. However, the next step is sustainable and scalable AI. This evolution is essential for reimagining business information ecosystems and elevating people to become innovative leaders, rather than late adopters. As technology leaders, we stand at the forefront of the AI revolution, and we must recognize that information management is not merely a support function, but the catalyst for AI excellence. Effective information management not only boosts AI capabilities, but it also encourages innovative, targeted and successful application development, delivery, execution and measurement. Embracing information management as a cornerstone of AI-driven progress is the key to achieving the level of product excellence that once seemed like science fiction. Forbes Technology Council is an invitation-only community for world-class CIOs, CTOs and technology executives. Do I qualify?
Globe and Mail
17-06-2025
- Business
- Globe and Mail
AI adoption is upending the job market for entry-level workers
In a call with investors last month, Open Text Corp. OTEX-T CEO Mark J. Barrenechea outlined a sweeping corporate realignment that will eliminate hundreds of jobs and redefine the roles the Canadian tech company is willing to fill. The software company is fully committed to an 'AI-first strategy' that will change staffing, spending and product development, Mr. Barrenechea said. Roles that can be handled by artificial intelligence will no longer be backfilled, and future hires will be required to bring AI fluency to the table. 'Our digital worker approach is, let AI and machines do the work. This is a low-cost and limited workforce that will benefit all organizations in all industries,' he said. 'We can take human tasks that require dozens of screens and days of work and reduce that down to a dialogue box in minutes.' The move follows a similar announcement in April from Shopify Inc. SHOP-T chief executive officer CEO Tobi Lütke. In a memo to employees, he said using AI effectively 'is now a fundamental expectation of everyone at Shopify,' and it should be the first consideration before turning to new hires. 'Before asking for more Headcount and resources, teams must demonstrate why they cannot get what they want done using AI,' he wrote. 'What would this area look like if autonomous AI agents were already part of the team? This question can lead to really fun discussions and projects.' Is AI dulling critical-thinking skills? As tech companies court students, educators weigh the risks The two tech companies, which did not respond to requests for comment about their AI strategies, represent the most high-profile examples of Canadian firms scaling back junior hiring amid a broader corporate shift. Around the world, major employers are increasingly turning to artificial intelligence to perform a growing share of work – eliminating some positions while raising the bar for new recruits. In Canada, the shift is adding pressure to one of the most challenging youth labour markets in decades. Statistics Canada recently reported that 14.6 per cent of people in their late twenties were not in employment, education or training in the 2023/24 academic year, an increase of 1.8 percentage points from the previous year that may signal 'higher risks of social disconnection and exclusion among youth.' And among postsecondary graduates under the age of 25, the unemployment rate was 11.2 per cent in the first quarter of 2025 – the worst start to a year since at least 2005, excluding the pandemic. For recent graduates and early-career professionals, the spread of AI can mean fewer stepping-stone jobs and higher-level responsibilities, experts say. Travis O'Rourke, president of recruitment firm Hays Canada, said the growing role of AI adds new complexity to a youth labour market being shaped by steep budget cuts and immigration-driven competition. And amid a disruptive trade war with the United States, many employers are delaying hiring at all levels. Mr. O'Rourke said companies are focused on cutting repeatable or administrative roles while raising expectations for incoming workers. But that comes with long-term risks, he said. 'What happens when junior developers don't get trained? How do you become intermediate if you were never junior?' Mr. O'Rourke said AI's effects on junior-level labour are prompting both recruiters and educators to reassess how young people gain experience and enter the work force. For young Canadians, the toughest job market in decades is threatening their financial futures How AI is infiltrating the hiring process for recruiters and job seekers Fabian Braesemann, a researcher at the University of Oxford, said the loss of junior roles means losing the hands-on experience needed to build 'judgment and fluency.' 'Many entry-level workers are no longer asked to produce first drafts – they're asked to orchestrate the tools that do it,' said Dr. Braesemann, who studies the effects of generative AI on global labour markets. 'That may sound empowering, but it removes a key stage of learning.' Skipping that foundational phase could leave workers without the mental rigour or domain knowledge needed to advance, he said. 'You might get good at judging outputs,' he said in an interview, 'but not at structured thinking.' That could also hinder organizations if entire cohorts of workers rise through the ranks without ever building a baseline understanding of how things are done. History is filled with examples of technologies rendering human labour obsolete or redundant, he said. But the speed with which AI is improving and spreading threatens workers' ability to withstand and thrive in a period of rapid disruption. 'Critically thinking about information you receive and being able to produce something that is of value – taking the latest technologies into consideration – I think it's a skill that needs to be put to the surface even more,' he said. At the University of Waterloo, which places more than 25,000 co-op students annually, administrators have a clear view of how AI is reshaping entry-level work. The school's employer network spans startups to multinationals, offering a broad glimpse into evolving job expectations. 'We are seeing that there is a softening in the market for what might have been traditional entry-level jobs,' said Vivek Goel, the university's president. 'But the roles aren't vanishing – they're changing.' Co-op students are being hired to review AI-generated content – a shift from producing work to verifying it. Dr. Goel said many employers now expect students to be comfortable with generative tools and able to intervene when the output isn't right. 'What we're really preparing students for now is working in teams that include both people and AI agents,' he said. 'And someone has to manage that.' For universities, that means doubling down on the human skills AI can't easily replicate, such as critical thinking, context awareness, and the ability to work with ambiguity. 'I think it's less about adapting our programs and more about returning to what postsecondary education was always meant to do,' Dr. Goel said. 'Because you can't prepare graduates for specific roles – those are changing too fast. But you can prepare them to be ready for change.'
Yahoo
14-06-2025
- Business
- Yahoo
Why Open Text, Fifth Third Bancorp, And Phillips 66 Are Winners For Passive Income
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. Open Text, Fifth Third Bancorp, and Phillips 66 have rewarded shareholders for years and recently announced dividend increases. These companies currently offer dividend yields of around 3% to 4%. Open Text Corp. (NASDAQ:OTEX) is an information management software company that helps companies organize, store, and protect their data. Don't Miss: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — Deloitte's fastest-growing software company partners with Amazon, Walmart & Target – Open Text has increased its dividend every year for the last 12 years. In its most recent dividend hike announcement on Aug. 1, the company raised the quarterly payout by 5% to $0.2625 per share, equal to an annual figure of $1.05 per share. More recently, in its dividend announcement on April 30, it maintained the payout at the same level. The dividend yield currently stands at 3.76%. The company's annual revenue as of March 31 stood at $5.22 billion. In its Q3 2025 earnings report on April 30, the company posted revenues of $1.25 billion, below the consensus estimate of $1.28 billion, while EPS of $0.82 beat the consensus of $0.76. Trending: Invest Where It Hurts — And Help Millions Heal: Fifth Third Bancorp (NASDAQ:FITB) operates as the bank holding company for Fifth Third Bank in the U.S. Fifth Third Bancorp has raised its dividends consecutively for the last nine years. In its most recent dividend hike announcement on Sept. 12, the company's board increased the quarterly payout from $0.35 to $0.37 per share, equaling an annual figure of $1.48 per share. More recently, in its dividend announcement on March 20, the company maintained the payout at the same level. Currently, the dividend yield on the stock is 3.76%. The company's annual revenue as of March 31 stood at $8.29 billion. In its Q1 2025 earnings report on April 17, it posted revenues of $2.14 billion, missing the consensus estimate of $2.16 billion, while EPS of $0.73 came in above the consensus of $0.70. Check out this article by Benzinga for 12 analysts' insights on Fifth Third 66 (NYSE:PSX) is an energy manufacturing and logistics company, operating in the U.S. and internationally. Phillips 66 has consistently raised its dividends for the last 13 years. In the company's most recent dividend announcement on April 21, it increased the quarterly payout from $1.15 to $1.20, equaling an annual figure of $4.80 per share. The current yield on the dividend is 4.20%. Phillips 66's annual revenue as of March 31 stood at $137.77 billion. In its Q1 2025 earnings release on April 25, it posted a loss of $0.90 per share, worse than the consensus estimate of a loss of $0.72 per share, while revenues of $31.73 billion beat the consensus of $31.33 billion. Open Text, Fifth Third Bancorp, and Phillips 66 are good choices for investors seeking reliable passive income. Their dividend yields of around 3% to 4% and long history of consistent hikes make them attractive to income-focused investors. Check out this article by Benzinga for three more stocks offering high dividend yields. . With over $1 million in dividends paid out last quarter and a growing selection of properties across various markets, Arrived offers an attractive alternative for investors seeking to build a diversified real estate portfolio. In October 2024, Arrived sold The Centennial, achieving a total return of 34.7% (11.2% average annual returns) for investors. Arrived aims to continue delivering similar value across our portfolio through careful market selection, attentive property management, and thoughtful timing in sales. Looking for fractional real estate investment opportunities? The features the latest offerings. Image: Shutterstock This article Why Open Text, Fifth Third Bancorp, And Phillips 66 Are Winners For Passive Income originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
TECHx
11-06-2025
- Business
- TECHx
Moro Hub Signs Strategic Deal with OpenText
Home » Latest news » Moro Hub Signs Strategic Deal with OpenText Moro Hub, a subsidiary of Digital DEWA, has announced a strategic agreement with OpenText. Digital DEWA is the digital arm of Dubai Electricity and Water Authority. The deal allows Moro Hub to resell OpenText's full range of AI-enabled solutions and services in the UAE. This move aligns with the 'We the UAE 2031 Vision' and reinforces both companies' dedication to driving digital transformation. As part of the agreement, Moro Hub will offer OpenText's advanced technologies to public and private sector organisations. These include solutions in: Content Services Digital Experience, Security, and Analytics The offerings aim to help organisations modernise their operations. They will also support data-driven decision-making and meet the rising demand for digital connectivity. Mohammed bin Sulaiman, CEO of Moro Hub, stated that this collaboration enhances their services. He added it supports the UAE's smart infrastructure goals by improving efficiency, security, and sustainability. PwC reports that AI could contribute over $320 billion to the Middle East economy by 2030. In light of this, the partnership positions Moro Hub and OpenText as leaders in innovation. It also enables them to provide secure, intelligent, and scalable services to businesses and government entities. Harald Adams, Sales Vice President of Emerging Markets at OpenText, said the partnership reflects their shared vision. He noted that both companies aim to empower UAE organisations through AI-powered technologies. Together, they plan to support national digital transformation efforts and deliver future-ready solutions.
