ASGN Collaborates with Microsoft for NextGen AI

Rhea-AI Summary

ASGN Incorporated (NYSE: ASGN) collaborates with Microsoft to invest in and pilot NextGen AI technologies, including Copilot for Microsoft 365 and Azure OpenAI Service, to enhance strategic IT roadmaps. The collaboration accelerates ASGN’s internal AI roadmap creation and supports internal team efficiencies.

AI Engineer

The partnership between ASGN Incorporated and Microsoft to pilot advanced artificial intelligence (AI) technologies has significant implications for the IT services industry. ASGN's initiative to integrate NextGen AI, including Copilot for Microsoft 365 and Azure OpenAI Service, reflects a strategic move to enhance its service offerings and internal efficiencies. This collaboration is expected to solidify ASGN's competitive edge by equipping its IT consultants with expertise in state-of-the-art AI tools, potentially leading to improved solutions for their commercial and government clients.

From a technical standpoint, the use of generative AI and Azure Cognitive Services could lead to innovative approaches in areas such as data organization, workflow optimization and candidate search algorithms. The impact on ASGN's operational efficiency and the added value for its clients could translate into a stronger market position and possibly increased shareholder value. However, the success of such technological integrations depends on effective implementation and the ability to scale these solutions across diverse client needs.

Industry Analyst

ASGN's investment in AI capabilities, particularly through its collaboration with Microsoft, is a strategic decision with potential long-term benefits. By focusing on six core areas, including leadership and skill development, ASGN is positioning itself to meet the growing demand for AI expertise in the IT sector. The deployment of nearly 800 consultants across 240 AI projects, coupled with the government sector's support by a team with over 1,000 certifications, indicates a robust commitment to AI as a core competency.

While the immediate financial impact of this collaboration may not be quantifiable, the strategic alignment with Microsoft could enhance ASGN's reputation and attract new business. Investors should monitor the company's performance metrics and client feedback as indicators of the effectiveness of these AI integrations. The AI-driven transformation has the potential to disrupt traditional IT service models and ASGN's proactive approach may well position it favorably in this evolving landscape.

Financial Analyst

ASGN's collaboration with Microsoft to pilot and invest in AI technologies is a forward-looking initiative that could have a positive impact on the company's financial performance. By enhancing strategic IT roadmaps and internal efficiencies, ASGN may realize cost savings and improved margins. Moreover, the ability to offer cutting-edge AI solutions could lead to new revenue streams and strengthen client retention.

Investors should consider the potential for increased R&D expenses associated with this initiative and balance this against the anticipated return on investment. The market's response to ASGN's enhanced AI capabilities will be critical to assess, as it may influence the company's stock performance. It is important to evaluate the company's progress in this area against industry benchmarks and competitors' advancements in AI to gauge the potential long-term financial impact.

Pilot collaboration incorporates leading-edge AI toolsets to increase efficiency and enhance strategic IT roadmaps

RICHMOND, Va.--(BUSINESS WIRE)-- ASGN Incorporated (NYSE: ASGN), a leading provider of IT services and solutions across the commercial and government sectors, announced today that the Company is collaborating with Microsoft to invest in and pilot NextGen artificial intelligence (AI) technologies, including Copilot for Microsoft 365 and Azure OpenAI Service.

ASGN is at the forefront of the generative AI transformation, working both internally and with its enterprise customer base to develop strategic use cases for GenAI technologies. Collaborating with Microsoft is a key step in advancing the Company’s internal usage of AI, preparing its team of IT consultants to become experts in cutting-edge technologies to best support its commercial and government client base.

“Microsoft has been an important client for many years,” said ASGN Chief Executive Officer, Ted Hanson. “The ability to now partner with them on such an important area of technological development across industries is a very exciting and rewarding opportunity. We look forward to perfecting our usage of GenAI so that we can guide our clients in the development of their own strategic AI roadmaps.”

ASGN invests in six core areas, including leadership, recruiting in-demand skillsets, training and skill development, partnerships, internal AI tools, and client AI roadmaps. This collaboration with Microsoft fits perfectly within the Company’s investment focus areas and accelerates ASGN’s own internal AI roadmap creation.

With Microsoft’s support, ASGN is piloting how AI toolsets within Microsoft 365 can be leveraged to support internal team efficiencies. Copilot, which uses large language models to organize data and workflow, is one such tool that is being tested as part of the development of a more robust AI roadmap for ASGN in the future. To assist development teams in creating robust models around areas such as candidate search and match, ASGN is also using Azure OpenAI and Azure Cognitive Services.

“From using the Customer Success Migration Factory to migrate to Microsoft Azure with speed and quality and to securely build their own Copilot solution to better serve their employees and their customers, ASGN is reaping the benefits of Azure as the best place for your data. Through our collaboration and a bias for innovation, ASGN implemented a strategy and framework of migrate to innovate that now fuels their transformation,” said Rashida Hodge, CVP Azure Data & AI Customer Success.

Artificial intelligence remains an area of ASGN’s core qualifications and skillsets. In the commercial market under the leadership of seasoned Artificial Intelligence Solutions Director, Vijay Thangella, ASGN has deployed nearly 800 consultants across more than 240 AI projects. In the government space, Martin Klein, industry veteran and Vice President of Analytics and Artificial Intelligence, is at the helm of the Company’s efforts and supported by more than 60 AI/ML engineers and data scientists who together boast over 1,000 certifications, accreditations, and awards. For up-to-date information and case studies on ASGN’s cutting edge AI solutions, please visit the Company’s website at asgn.com.

About ASGN Incorporated

ASGN Incorporated (NYSE: ASGN) is a leading provider of IT services and solutions, across the commercial and government sectors. ASGN helps corporate enterprises and government organizations develop, implement, and operate critical IT and business solutions through its integrated offerings. For more information, visit us at asgn.com.

Safe Harbor

Certain statements made in this news release are “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and involve a high degree of risk and uncertainty. Forward-looking statements include statements regarding our anticipated financial and operating performance.

All statements in this news release, other than those setting forth strictly historical information, are forward-looking statements. Forward-looking statements are not guarantees of future performance and actual results might differ materially. In particular, we make no assurances that the proposed revenue, expense, and profit estimates outlined above will be achieved. Additional examples of forward-looking statements in this press release include, without limitation, statements regarding our ability to attract, train and retain qualified staffing consultants, the availability of qualified contract professionals, management of our growth, continued performance and improvement of our enterprise-wide information systems, our ability to manage our litigation matters, the successful integration of acquisitions and other risks detailed from time to time in our reports filed with the SEC, including our Annual Report on Form 10-K for the year ended December 31, 2022 as filed with the SEC on February 27, 2023. We specifically disclaim any intention or duty to update any forward-looking statements contained in this news release.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231219588108/en/

Kimberly Esterkin

Vice President, Investor Relations

kimberly.esterkin@asgn.com

Source: ASGN Incorporated

What is ASGN Incorporated's ticker symbol?

ASGN (NYSE: ASGN)

What AI technologies is ASGN collaborating with Microsoft on?

ASGN is collaborating with Microsoft to invest in and pilot NextGen AI technologies, including Copilot for Microsoft 365 and Azure OpenAI Service.

How many consultants has ASGN deployed across AI projects in the commercial market?

ASGN has deployed nearly 800 consultants across more than 240 AI projects in the commercial market.

Who is the Artificial Intelligence Solutions Director at ASGN?

Vijay Thangella is the Artificial Intelligence Solutions Director at ASGN.

Where can I find up-to-date information and case studies on ASGN’s AI solutions?

For up-to-date information and case studies on ASGN’s cutting edge AI solutions, please visit the Company’s website at asgn.com.