Nasdaq today announced that its Capital Access Platforms division has introduced new artificial intelligence (AI) capabilities for the Nasdaq Boardvantage Board portal on Microsoft Azure.
Powered by the Microsoft Azure OpenAI Service, these capabilities are designed to help governance teams quickly summarize dashboard material, which can help highlight critical insights and provide actionable strategic insights and recommendations . This can not only equip board members with essential information for informed decision-making, but also assist governance teams with time and cost savings so they can focus on vital board initiatives.
“The future of the boardroom is at an inflection point – board members face ever-evolving pressures and are expected to manage increasing risks and responsibilities with historically limited technology support,” said Jeff Thomas, Executive Vice President of Nasdaq’s Corporate Platforms business.
“The Document Summarization feature is the first in a series of planned AI-enabled offerings for Nasdaq Boardvantage clients as we bring an intelligent layer to the board portal and reflects our commitment to empowering boards to navigate the complexities of corporate governance and to redefine what is possible through integrated solutions. Our partnership with Microsoft allows us to unlock greater business insights, accelerate innovation and optimize operational excellence for our customers.”
Nasdaq expects that the integration of genetic artificial intelligence into Nasdaq Boardvantage will help automate historically cumbersome and manual governance processes – such as summarizing reports, presentations and agendas – and enable directors to be better prepared for meetings.
“We are excited to partner with Nasdaq on innovative AI solutions to better serve its customers around the world,” said Judson Althoff, Microsoft’s executive vice president and chief commercial officer. “By migrating the Nasdaq Boardvantage board portal application to the Microsoft Cloud, Nasdaq is able to unlock new artificial intelligence experiences – including a document summarization capability based on the Azure OpenAI service – to help board members increase efficiency of communications and gain information for more informed decision-making.”
As part of the partnership with Microsoft, Nasdaq is moving the Nasdaq Boardvantage platform to the Microsoft cloud so that all of its customers can take advantage of new AI production capabilities. Nasdaq Boardvantage® on Azure is currently available for customers in Asia and is rolling out in North America now with plans to roll out to other geographies in the future.