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Persistent and IIM Ahmedabad Introduce ‘AI Value Compass’ to Bring Discipline and Measurable Outcomes to Enterprise AI Investments

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Joint research introduces a strategic framework to prioritize, govern, measure and scale enterprise AI investments

SANTA CLARA, Calif. and PUNE, India, May 21, 2026 /PRNewswire/ — Persistent Systems (BSE: 533179) (NSE: PERSISTENT), a global Digital Engineering and Enterprise Modernization leader, announced a research collaboration with the Indian Institute of Management Ahmedabad (IIM Ahmedabad) to introduce the ‘AI Value Compass’, a study that offers a strategic decision framework designed to help enterprises prioritize and scale AI investments with measurable business outcomes. Developed through joint research, the framework provides business leaders with a structured approach to evaluate, prioritize and scale AI initiatives across the enterprise.

Organizations are accelerating AI adoption, particularly Generative AI and Agentic AI, with many now focused on translating early pilots into sustained business outcomes. While AI capabilities are advancing rapidly, success depends on organizational readiness, including alignment with business strategy, operational integration, data preparedness and governance. The ‘AI Value Compass’ addresses this gap by enabling a more disciplined enterprise-wide approach to AI decision-making.

The framework combines Persistent’s expertise in driving enterprise-scale transformation with IIM Ahmedabad’s academic strength in management research and decision sciences, bringing together practitioner insight and academic rigor to examine AI adoption through both a technological and organizational lens. Unlike technology-centric approaches, the framework evaluates AI through an enterprise operating model lens, enabling more effective scaling of AI initiatives.

At the core of the research is a structured methodology that evaluates AI initiatives across five critical enterprise vectors: business alignment, people readiness, operational integration, data preparedness and risk and governance. Together, these dimensions provide leaders with a comprehensive view of whether an AI initiative is positioned to scale and deliver sustained business impact.

The study highlights several insights for enterprise leaders. The primary barriers to AI success are organizational and operational rather than technological, underscoring the need for more structured approaches to evaluating and prioritizing AI initiatives. The framework helps enterprises move from fragmented experimentation to disciplined, outcome-led AI execution.

The framework enables enterprises to:

Identify readiness gaps early in the AI lifecyclePrioritize high-impact initiatives based on objective criteriaStrengthen data, operational and governance foundationsImprove adoption readiness by aligning teams, stakeholders and ways of workingIncrease the predictability and consistency of AI-driven business outcomes

Beyond the research, Persistent is leveraging the ‘AI Value Compass’ in client engagements, establishing it as a core decision-making and execution framework. Its application in real-world enterprise contexts will further shape and refine the framework through continued academic–industry dialogue.

Persistent’s collaboration with IIM Ahmedabad builds on a longstanding partnership and reflects a shared commitment to advancing industry–academia engagement in the era of AI. The collaboration will further extend into knowledge exchange, talent development and applied research, shaping the next generation of AI-ready enterprises and leaders.

Jaideep Vijay Dhok, Chief Operating Officer – Technology, Persistent:

“Enterprises today have greater access to AI technologies and the focus is on making the right investment and execution choices at scale. As organizations advance in their AI journeys, the need for structured approaches to assess readiness, sequence initiatives and align AI efforts with business priorities is becoming more important. The ‘AI Value Compass’, developed with IIM Ahmedabad, is designed to provide that clarity, enabling leaders to drive more disciplined, outcome-led AI execution as they scale AI across the enterprise.”

Ankur Sinha, Professor, Operations and Decision Sciences, IIM Ahmedabad:

“Despite rising investments in Artificial Intelligence, most businesses continue to focus on localized efficiency gains rather than leveraging AI for strategic transformation. Our study with Persistent highlights fundamental gaps, including the absence of clear AI leadership, lack of a coherent strategic vision, poorly defined success metrics, and weak ownership and governance structures that significantly constrain the ability of organizations to unlock long-term value from AI. The ‘AI Value Compass’ enables enterprises to address these gaps and drive more consistent, outcome-led AI adoption.”

About Persistent

Persistent Systems (BSE: 533179) (NSE: PERSISTENT) is a global services and solutions company delivering AI-led, platform-driven Digital Engineering and Enterprise Modernization to businesses across industries. With over 27,500 employees located in 18 countries, the Company is committed to innovation and client success. Persistent offers a comprehensive suite of services, including software engineering, product development, data and analytics, CX transformation, cloud computing, and intelligent automation. The Company is part of the MSCI India Index and is included in key indices of the National Stock Exchange of India, including the Nifty Midcap 50, Nifty IT, and Nifty Midcap Liquid 15, as well as several on the BSE such as the S&P BSE 100 and S&P BSE SENSEX Next 50. Persistent is also a constituent of the Dow Jones Sustainability World Index. The Company has achieved carbon neutrality, reinforcing its commitment to sustainability and responsible business practices. Persistent has also been named one of America’s Greatest Workplaces for Inclusion & Diversity 2025 by Newsweek and Plant A Insights Group. As a participant of the United Nations Global Compact, the Company is committed to aligning strategies and operations with universal principles on human rights, labor, environment, and anti-corruption, as well as take actions that advance societal goals. With 468% growth in brand value since 2020, Persistent is the fastest-growing IT services brand in ‘Brand Finance India 100’ 2025 Report.
www.persistent.com

Forward-looking and Cautionary Statements
For risks and uncertainties relating to forward-looking statements, please visit persistent.com/flcs

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SOURCE Persistent Systems

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SparkLabs and Mirae Asset Launch a Venture Capital Fund for Central Asian Startups

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SEOUL, South Korea, Sept. 20, 2026 /PRNewswire/ — Qazaqstan Investment Corporation (QIC), IT Park Ventures (Uzbekistan), Mirae Asset Venture Investment and SparkLabs Group have signed a term sheet to establish SparkLabs Mirae Silk Road Fund I LP, a new venture capital fund. The fund will be managed by Mirae Asset Venture Investment and SparkLabs Group.

The signing took place in Seoul during the state visits of the Presidents of Kazakhstan and Uzbekistan to Korea and the first Central Asia–Republic of Korea Summit.

During this past week, South Korea and Kazakhstan signed commercial agreements worth US$18.95 billion. Kazakhstan is a country of 20 million people with its core industries being oil and gas, and among the highest producers of iron and silver in the world. Uzbekistan is a country of 39 million people, and they are the largest electricity producer in Central Asia.

Qazaqstan Investment Corporation (QIC) is Kazakhstan’s national fund of funds and are anchor investors along with IT Park Ventures, the venture capital arm of the country’s state technology park. The new venture capital fund will back Central Asian startups at the Series A and later, which are businesses with a proven model that are ready to scale beyond the region. The fund is sector-agnostic but focuses on AI-native companies, where artificial intelligence is core to the product and business model.

“Higgsfield becoming Kazakhstan’s first unicorn was a turning point. It showed that a world-class AI company can be built in Central Asia. And it won’t be the last with more than half of the region’s population is under 30, growing up digital and our governments actively investing in AI. Yet the region is still largely overlooked by international investors, and that’s the opportunity this fund is built for,” explained Aslan Sultanov, Co-founder and General Partner at SparkLabs Mirae Silk Road.

Former Coinbase CTO and Partner at Andreessen Horowitz, Balaji Srinivasan, reopened his Network School in Kazakhstan last month. Telegram launched an AI lab and opened their first regional office in Kazakhstan this past year.

Beyond capital, portfolio companies will gain access to the SparkLabs and Mirae Asset’s global networks, along with hands-on support in expanding into South Korea, the United States and the MENA region.

About the Partners

SparkLabs Group is a network of startup accelerators and venture capital funds that has invested in over 600 startups across 6 continents since December 2013. These companies include OpenAI, SpaceX, Vectara, Kneron, Anthropic, Nex Team, Kraken, GenG, Lyft, MetAI, and others.

Mirae Asset Venture Investment is the venture capital arm of Mirae Asset Financial Group, one of Asia’s largest independent financial groups with over US$845 billion in assets under management. The company operates worldwide across 18 markets, and manages a fully diversified global investment platform encompassing ETFs, alternative investments, and traditional strategies.

Qazaqstan Investment Corporation (QIC) is Kazakhstan’s national fund of funds and part of Baiterek National Managing Holding. QIC invests in private equity and venture capital funds alongside international and private partners, with the goal of attracting long-term capital into Kazakhstan and developing the country’s investment ecosystem. QIC participates in 19 funds with a combined capitalization of $2.8 billion.

IT Park Ventures is the venture capital arm of IT Park Uzbekistan, the country’s state technology park and the main platform supporting Uzbekistan’s IT industry and tech exports. IT Park Ventures invests in startups from Uzbekistan and Central Asia and co-invests with international funds, connecting regional founders with global capital and markets.

View original content to download multimedia:https://www.prnewswire.com/news-releases/sparklabs-and-mirae-asset-launch-a-venture-capital-fund-for-central-asian-startups-302883810.html

SOURCE SparkLabs Group

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AECOM Data Breach Investigation: Edelson Lechtzin LLP Probes Class Action Claims After Hackers Allege Theft of More Than 1 TB of Data

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National class action law firm offers free, confidential case evaluations to AECOM employees, clients, and others whose personal information may have been exposed in the reported AECOM data breach.

DALLAS, Sept. 20, 2026 /PRNewswire/ — Edelson Lechtzin LLP, a national class action law firm, is investigating data privacy claims arising from a reported data breach at AECOM, the U.S.-based multinational infrastructure and engineering firm. Anyone who has received a data breach notice from AECOM, or who believes their personal information may have been exposed, can request a free case evaluation.

AECOM data breach — at a glance:

Company: AECOM, a Texas-based, multibillion-dollar multinational infrastructure consulting, engineering, design, and construction management firm.Reported: A cyberattack said to have occurred on or about September 17, 2026, first surfaced on dark web monitoring sites.Hackers’ claims: The group Metaencryptor claimed responsibility for an attack said to involve approximately 1.22 terabytes (TB) of data. Separately, dark web monitoring service Breachsense listed a related AECOM leak of roughly 670GB attributed to a group identified as BrainCipher.Status: The breach and the hackers’ claims remain unconfirmed. AECOM has not publicly detailed the scope or impact.Who may be affected: Current and former AECOM employees, clients, and others whose data AECOM held.Cost to you: Nothing. Case evaluations are free and confidential.

What Happened

According to a September 17, 2026 post on the dark web monitoring site Ransomware.live, the hacker group Metaencryptor claimed responsibility for a cyberattack on AECOM that allegedly affected about 1.22 TB of data. The cybersecurity blog HookPhish similarly reported that Metaencryptor was behind a suspected attack on the engineering firm.

Separately, the dark web monitoring service Breachsense reported an AECOM data leak listed at approximately 670GB, attributed to a group it identified as BrainCipher. Breachsense also indexed thousands of AECOM-linked credentials circulating online, including 27,434 @aecom.com accounts drawn from external breaches and 6,077 credentials tied to aecom.com itself — among them thousands of logins found in “combo lists” and in infostealer malware logs, many with plaintext passwords. Breachsense cautioned that those credentials may belong to either customers or staff and are not necessarily connected to the claimed attack.

The breach has not been confirmed, and important details (including its true scope, the specific data involved, and the number of people affected) are not yet publicly available.

What Personal Information May Be at Risk

The specific data involved in the reported AECOM data breach has not been confirmed. Data breaches like this can expose personal information, increasing the risk of identity theft and fraud. Affected individuals should treat any AECOM breach notification seriously.

Who May Be Affected by the AECOM Data Breach

The investigation focuses on current and former AECOM employees, clients, and anyone else whose personal information AECOM maintained. Anyone who has received a data breach notification from AECOM may face an increased risk of identity theft and fraud and is encouraged to come forward.

Your Legal Options

Edelson Lechtzin LLP is investigating a potential class action to pursue legal remedies on behalf of individuals whose sensitive personal data may have been compromised in the reported AECOM breach. A successful case could recover compensation for losses such as lost time, out-of-pocket costs, and loss of privacy, and could push AECOM to strengthen how it protects personal information. The firm will evaluate your rights and potential claims at no cost.

Recommended Steps to Protect Yourself

Review your account statements and credit reports regularly and stay alert for suspicious activity.Confirm whether your information was involved in the AECOM incident.Preserve any letters or emails you received about the breach.Consider placing fraud alerts and enrolling in credit monitoring.

Contact Us for a Free Case Evaluation

Speak confidentially with a data privacy attorney today: Marc Edelson, Esq., Edelson Lechtzin LLP, 411 S. State Street, Suite N-300, Newtown, PA 18940; Phone: 844-696-7492; Email: medelson@edelson-law.com; Web: www.edelson-law.com. Or click HERE to request a free consultation.

About Edelson Lechtzin LLP

Edelson Lechtzin LLP is a national class action law firm with offices in Pennsylvania and California. In addition to data breach litigation, the firm handles class and collective actions involving securities and investment fraud, federal antitrust violations, ERISA employee benefit plans, wage theft, and consumer fraud.

Media and Partnership Inquiries: Use the contact information above to connect with our team regarding interviews, co-counsel opportunities, and referral partnerships.

Legal Notice: This press release may be considered Attorney Advertising in some jurisdictions. Prior results do not guarantee a similar outcome. The reported data breach and the hackers’ claims described above are unconfirmed.

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SOURCE Edelson Lechtzin LLP

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iScreen Reaches No. 1 in Graphics & Design Across 94 Markets Following iOS 27 Update

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Extra-large widget experiences, iOS 27-inspired themes and new customization tools drive iScreen’s latest global growth

LOS ANGELES, Sept. 20, 2026 /PRNewswire/ — iScreen, a mobile customization app for iOS and Android, announced that it has reached No. 1 in the Graphics & Design category across 94 countries and regions following its latest iOS 27-focused update.

The update expands iScreen’s Home Screen customization experience with new extra-large widgets, iOS 27-inspired themes, layouts optimized for new screen proportions, and AI-assisted design tools.

Extra-Large Widgets

Built for the larger widget canvas available in iOS 27, iScreen’s new extra-large widgets go beyond simply scaling up existing formats. The collection includes Photo, Album, Music, Calendar, Interactive Refrigerator and Quick Launch widgets, among others. Users can also customize content, layouts and visual styles to create more functional and expressive Home Screen experiences.

iOS 27-Inspired Themes and iPhone Duo Theme Support

iScreen has introduced new iOS 27-inspired themes that combine coordinated wallpapers, transparent-style widgets, icons and other visual elements into complete Home Screen setups.

Selected themes have also been optimized for iPhone Duo’s screen proportions and display dimensions, with wallpapers, widgets and icons adjusted to better fit the new format while maintaining a cohesive visual experience.

AI-Assisted Home Screen Design

iScreen is also testing AI Home Screen Designer with a limited group of users. The feature generates coordinated design suggestions based on users’ preferences for style, color and visual elements, combining wallpapers, widgets and icons into a unified setup.

“The latest iOS update has opened up new possibilities for mobile personalization,” said the iScreen team. “We want to turn those capabilities into practical and creative experiences that make Home Screen design easier and more expressive.”

About iScreen

iScreen is a mobile customization app offering widgets, wallpapers, themes and Home Screen customization tools for iOS and Android devices. With more than 100 million users worldwide, iScreen has ranked No. 1 in Graphics & Design across 94 countries and regions and has been featured by Apple Editorial in 128 countries for five consecutive days.

Official Website: iScreen – Phone Style, iScreen it!
iOS Download: ‎‎iScreen – Widgets & Wallpaper App – App Store
Android Download: iScreen Google Play

View original content:https://www.prnewswire.co.uk/news-releases/iscreen-reaches-no-1-in-graphics–design-across-94-markets-following-ios-27-update-302883972.html

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