Samsung SDS is to soon release the business platform “FabriX,” connecting generative AI and work systems quicker.
In order to build an ecosystem as part of efforts to ramp up services of generative AI, Samsung SDS is expected to step up cooperation with Korean and foreign companies, such as Amazon Web Service, Microsoft, Google and Naver Cloud.
FabriX is a platform accelerating the integration of generative AI with cloud systems. Final test-operations of the platform are getting under way.
FabriX is a platform to accelerate hyper automation by connecting corporate work systems and data, and large language model in an easy and convenient fashion.
Samsung SDS Logs 3.2081 Trillion Won in Q3 Sales
Samsung SDS announced its preliminary financial results for the third quarter of 2023, posting revenue of 3.2081 trillion won and operating profit of 193 billion won.
Compared to the same period last year, its revenue fell by 23.6 percent, but operating profit increased by 4.3 percent.
Revenue from IT services business amounted to 1.5093 trillion won, up by 1.5 percent year-over-year.
Cloud business posted a record-high quarterly revenue of 470.7 billion won, achieving a growth of 57.3 percent YoY and taking up more than 30 percent of the IT services business revenue for the first time in terms of quarterly revenue.
Among cloud business, the cloud service provider (CSP) business based on Samsung Cloud Platform (SCP) achieved a growth of 49 percent YoY, driven by the increase of high-performance computing (HPC) services and new revenue generated by cloud network service.
Managed service provider (MSP) business revenue grew 91% YoY with the successful signing of cloud migration and implementation projects in the financial industry and app modernization projects of the aviation industry.
Logistics business revenue declined 37.3 percent YoY to 1.6988 trillion won, due to the decrease in global freight rates and the global economic downturn.
On the other hand, the company’s digital forwarding platform Cello Square, which is evolving beyond the simple implementation of logistics to become a key enabler of intelligent supply chain management, earned revenue of 151.1 billion won, up by 139 percent compared to the same period last year.
Moreover, the number of customer companies that have joined Cello Square reached 9,600 with the global expansion of the platform across China, Southeast Asia, the U.S., and Europe.
Meanwhile, Samsung SDS announced the launching of a cloud-based “enterprise Gen AI service” at the REAL Summit 2023 held in September of this year.
With “FabriX,” a platform accelerating the integration of generative AI into cloud systems, and “Brity Copilot,” a solution for automating cognitive tasks, companies can easily connect their business systems with data and improve workplace productivity through hyper-automation.
Samsung SDS is currently testing the FabriX-based AI service on its internal systems to secure various business cases, and plans to initiate the service based on outcomes of the tests.