New cloud, security, AI – integrated product
innovations let the machines do the work to elevate human
potential
WATERLOO, Ontario, July 16,
2024 /CNW/ -- OpenText™ (NASDAQ: OTEX),
(TSX: OTEX) today announced its latest groundbreaking product
innovations with Cloud Editions (CE) 24.3. This release represents
a significant leap forward in integrating advanced information
management capabilities, trusted cloud solutions, robust security
measures, and cutting-edge artificial intelligence (AI) to optimize
data performance for simpler, but superior, results.
Today's CIOs are now navigating the challenge of balancing both
AI and cloud as strategic drivers of business transformation for
today's organizations. According to a report by Morgan Stanley, 68%
of CIOs anticipate that generative-AI and large language models
(LLMs) will directly impact their investment priorities. Coupled
with the continued shift to the public cloud - hosting an estimated
36% of application workloads and projected to reach 53% by the end
of 2026 - both areas have become top IT expenditure priorities.
Leveraging over 30 years of information management expertise,
OpenText's latest AI-enabled innovations are designed to meet this
need, delivering robust solutions that drive growth.
"2023 was the year to trial and test basic AI fundamentals; 2024
is about oiling the entire machine for the widescale adoption and
scalability of gen-AI.," said Muhi Majzoub, EVP and Chief Product
Officer, OpenText. "OpenText enables customers to confidently
navigate their cloud, security, and AI journeys, establishing trust
in data integrity as we enter a new era of integrated information
growth and agility. Our key innovation in this release centers
around helping our customers shift left and adopt DevSecOps with
AI. OpenText Cloud is helping customers rethink software delivery
with OpenText Aviator."
OpenText continues to drive digital transformation with its
Titanium X strategic product roadmap, set to be delivered by CE
25.2. In this latest release, OpenText elevates human potential,
unleashes creativity, and unlocks limitless opportunities across
its comprehensive suite of solutions in Business Clouds, Business
AI, and Business Technology with significant new offerings in CE
24.3. These include:
Business AI
- OpenText™ DevOps Aviator accelerates application
delivery by using testing bots to automatically generate codeless
tests from manual tests, reducing risks and talent shortages. Its
integrated AI-guided smart assistant provides quick answers and
summaries on features, tasks, tests, and user stories, streamlining
development workflows for greater efficiency.
- OpenText™ Fortify Aviator automates the manual
tasks of auditing and remediating SAST (Static Application Security
Testing) vulnerabilities, leveraging AI to identify and fix issues
in one tool. For the Developers coding applications, Fortify
Aviator seamlessly integrates fix suggestions into the DevOps
workflow, while also providing audits and explanations in
user-friendly terms, simplifying the entire process. For the Data
Scientist responsible for model design, the new Aviator
capabilities protect against prompt injection attack, model
compromise, and vulnerabilities in LLMs.
According to OpenText State of Code Security,
57% of organizations are already adopting DevSecOps practices. A
staggering 72% are focused on securing business-critical apps as
digital threats evolve in the age of AI. Integrating security
into DevOps and IT operations is essential. Read more
here.
Business Cloud
- OpenText™ Content Aviator with is now available on
OpenText™ Core Content, OpenText™ Extended ECM, and OpenText™
Documentum, enhancing automation and speed in content management
workflows. This release empowers users to efficiently interact with
content and extract knowledge in the cloud and on-premises.
OpenText Content Aviator now expands its collaborative content
capabilities to encompass high-quality video
content, enabling conversion, streaming, annotation, and
clipping directly within the platform, thereby improving workflow
efficiency and user productivity.
Business Technology
- OpenText™ Thrust Studio, now available on general
release, provides developers with a real-time digital assistant
powered by generative-AI. On-demand support accelerates development
processes by providing quick access to relevant code samples and
API documentation within the Visual Studio environment, boosting
application development and end-to-end productivity.
- OpenText™ Cloud for Government has achieved "fully
authorized" status by the Federal Risk and Authorization Management
Program (FedRAMP®) in the United
States for OpenText Extended ECM and OpenText™ AppWorks,
joining OpenText™ Fortify on Demand and OpenText™ IT Management
Platform (ITMX) on the FedRAMP marketplace. This authorization
enables federal agencies to automate workflows, manage content
throughout its lifecycle, and gain a comprehensive view of their
content, all while ensuring robust security controls and compliance
measures.
"At Uniper, we are investing in a significant IT transformation
to accelerate our green energy efforts and provide our diverse
customers with flexible, balanced, and bespoke solutions," said
Hans Pezold, senior vice president
of Information Technology and managing director at Uniper.
"Partnering with OpenText, with their expertise in information
management, cloud, and AI, was a natural fit because it allowed us
to reduce resource consumption and administrative effort – a huge
win for us. Working with OpenText is just the beginning of our
digital transformation journey, and their forward-thinking approach
to developing innovative suites of capabilities – whether that is
cloud or AI - will be integral in further optimizing our processes
and driving innovation forward."
Availability
As a part of the quarterly OpenText Cloud Editions releases,
customers benefit from new AI capabilities
every 90-days. For more information on availability or to join
a beta program for future innovations, contact OpenText.
Additional Resources:
- For further insights into the latest release, please visit our
Chief Product Officer's blog post.
- Learn more about OpenText's AI strategy.
About OpenText
OpenText™ is the leading Information Management software and
services company in the world. We help organizations solve complex
global problems with a comprehensive suite of Business Clouds,
Business AI, and Business Technology. For more information
about OpenText (NASDAQ/TSX: OTEX), please visit us at
www.opentext.com.
Connect with us:
OpenText CEO Mark Barrenechea's
blog
Twitter | LinkedIn
Certain statements in this press release may contain words
considered forward-looking statements or information under
applicable securities laws. These statements are based on
OpenText's current expectations, estimates, forecasts and
projections about the operating environment, economies, and markets
in which the company operates. These statements are subject to
important assumptions, risks and uncertainties that are difficult
to predict, and the actual outcome may be materially different.
OpenText's assumptions, although considered reasonable by the
company at the date of this press release, may prove to be
inaccurate and consequently its actual results could differ
materially from the expectations set out herein. For additional
information with respect to risks and other factors which could
occur, see OpenText's Annual Report on Form 10-K, Quarterly Reports
on Form 10-Q and other securities filings with the SEC and other
securities regulators. Readers are cautioned not to place undue
reliance upon any such forward-looking statements, which speak only
as of the date made. Unless otherwise required by applicable
securities laws, OpenText disclaims any intention or obligations to
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise. Further,
readers should note that we may announce information using our
website, press releases, securities law filings, public conference
calls, webcasts and the social media channels identified on the
Investors section of our website (https://investors.opentext.com).
Such social media channels may include the Company's or our CEO's
blog, Twitter account or LinkedIn account. The information posted
through such channels may be material. Accordingly, readers should
monitor such channels in addition to our other forms of
communication.
Copyright © 2024 OpenText. All Rights Reserved. Trademarks owned
by OpenText. One or more patents may cover this product(s). For
more information, please
visit https://www.opentext.com/patents.
OTEX-G
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SOURCE Open Text Corporation