Moody’s, a renowned global entity headquartered in New York, is expanding its prowess with a newly announced alliance with Microsoft. The collaboration will enable Moody’s to harness the potential of generative AI within its enterprise.
To accomplish this feat, the company will leverage the Microsoft Azure OpenAI service as the dynamic force that unlocks crucial research information and enhances risk assessment capabilities. One of the initial offerings to be implemented is Moody’s CoPilot, an internal tool designed to facilitate smoother data retrieval and research access for its 14,000 employees worldwide.
The tool will combine Moody’s data, analytics, and research with the latest large language models and Microsoft’s AI technology to drive innovation and improve employee productivity within a secure digital environment.
Generative AI represents a once-in-a-generation opportunity to enhance how companies navigate the ever-evolving world of exponential risk. By combining Microsoft’s cutting-edge AI capabilities with our proprietary data, research, and analytics, Moody’s is positioned to lead the next generation of risk analysis, helping our customers make better decisions by unlocking deeper, more integrated, and unmatched perspectives on risk, said Rob Fauber, President, and Chief Executive Officer of Moody’s Corporation.
In addition, the financial giant is adopting Microsoft Teams as a platform to enhance collaboration, productivity, and communication while ensuring compliance standards are met.
Microsoft will also utilize Moody’s solutions, such as the Orbis database, for internal use and co-innovations. This database is renowned for its comprehensive information and can be applied to areas such as reference data, risk assessment, and supply chain management.
Moreover, the research assistant would generate tailored and comprehensive evaluations of a company or industry by seamlessly consolidating data from various dimensions. These dimensions include firmographic data, credit indicators, economic predictions, and risk and reputational profiles.
Bill Borden, the corporate vice president of worldwide financial services at Microsoft, stated that this partnership would amalgamate the exceptional insights from Moody’s with Microsoft Cloud’s wide-ranging capabilities, trustworthiness, and breadth. Specifically, this includes Azure OpenAI Service, Fabric, and Teams.