LTIMindtree and Snowflake Partner to Enhance Enterprise AI Adoption

On July 11, 2024, LTIMindtree, a global technology consulting firm, introduced Canvas.ai, their advanced AI platform, on the Snowflake AI Data Cloud. This integration boosts LTIMindtree’s AI capabilities, offering clients more flexibility and faster development.

Canvas.ai combines customisable features and a user-friendly interface with Snowflake’s powerful tools, enabling businesses to enhance their applications quickly. The partnership also enhances governance and efficiency with features like FinOps for better management of AI models. Overall, this collaboration simplifies AI deployment, helping organisations implement solutions more smoothly.

Ashish Varerkar, Vice President and Head of Canvas AI, LTIMindtree, said, “LTIMindtree is thrilled to announce the launch of Canvas.ai on Snowflake. Leveraging foundations like Snowflake’s Cortex AI, supported LLMs and fine-tuning capabilities, we empower customers to select the right LLM models for their business use cases. Our core competencies include content moderation, outcome validation for LLM-based apps, and seamless orchestration of capabilities within organisations. With Canvas.ai, building LLM-based apps becomes remarkably easy for end users, harnessing the full potential of underlying capabilities.”

Rithesh Makkena, Global Partner SE Leader, Snowflake, said, “As Snowflake accelerates the AI journey for both our product and customers, we recognise a common concern: selecting the right model for specific business use cases. Canvas.ai helps address this challenge with customisable parameters, empowering users to make better-informed choices without excessive costs. Beyond model selection, Canvas.ai helps ensure robust governance and security.”

This partnership will strengthen the environment for deploying AI in enterprises and turning AI-driven concepts into reality. With Canvas.ai, users can now access Snowflake’s Cortex AI, Snowflake Arctic, and a dedicated app gallery all in one place.

About LTIMindtree Ltd

LTIMindtree is a global company that advises businesses on technology and digital solutions. They help over 700 clients in various industries rethink their business strategies, speed up innovation, and achieve greater growth using digital technologies. With a team of over 81,000 professionals in more than 30 countries, LTIMindtree, part of the Larsen & Toubro Group, tackles tough business problems and drives large-scale transformations.

On July 12, 2024, the share price of LTIMindtree Ltd opened at ₹5,521.25, touching the day’s high of ₹5,648.00 as of 11:41 AM on the NSE.

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