Wolters Kluwer Launches AI Center to Advance Professional Solutions

(IN BRIEF) Wolters Kluwer, a global leader in professional information, software solutions, and services, inaugurates its dedicated AI center, showcasing its ongoing fusion of deep domain expertise with cutting-edge AI technology. Centralizing AI insights, research, and solutions, the center caters to professionals across sectors like health, finance, legal, and compliance. The launch event features a fireside chat with CEO Nancy McKinstry, emphasizing AI’s transformative role in the professional sphere. With AI-powered products constituting half of its digital revenue, Wolters Kluwer underscores its commitment to ethical AI development, exemplified through initiatives like UpToDate AI Labs and CCH® AnswerConnect.

(PRESS RELEASE) ALPHEN AAN DEN RIJN, 7-May-2024 — /EuropaWire/ — Wolters Kluwer, a global leader in professional information, software solutions, and services, today unveiled its dedicated AI center. The launch marks the company’s ongoing commitment to combining deep domain knowledge with cutting-edge technology such as artificial intelligence (AI), which Wolters Kluwer has been incorporating into its products for the last 10 years.

The AI center centralizes the company’s latest AI-insights, research, and AI-driven information solutions in one accessible location, catering to professionals across critical sectors such as health, financial services, legal, ESG, risk, regulatory, and compliance. The site launch includes a recently published fireside chat featuring Wolters Kluwer CEO and Chair of the Executive Board, Nancy McKinstry, on the explosion of AI in the professional sector.

Nancy McKinstry, CEO and Chair of the Executive Board of Wolters Kluwer, said: “AI is not just about technology; it’s about people and the impact on their work. Our AI center is a testament to our long-standing expertise, commitment and leadership position in equipping professionals with the best information and tools they need to stay ahead of the curve. We are proud to offer a platform that not only provides easy access to our AI-driven information solutions but also shares knowledge and expertise that can help our customers deliver deep impact in the moments that matter the most.”

AI-powered products account for half of Wolters Kluwer’s digital revenue

Artificial intelligence has been part of Wolters Kluwer’s digital product development for over a decade, contributing to a range of solutions that now generate approximately 50% of the company’s digital revenues.

Various AI enhancements can be found in many of Wolters Kluwer’s leading professional information solutions, such as:

• UpToDate AI Labs – a collaborative resource that brings the power of generative AI to Wolters Kluwer’s market-leading clinical decision support solution.
• CCH Tagetik – the indispensable Corporate Performance Management expert solution serving Chief Financial Officers and Sustainability Officers.
• CCH® AnswerConnect, Wolters Kluwer’s flagship tax, accounting, and audit research solution leverages GenAI to enrich the search experience and enable accounting professionals to create more value for their clients.
• Legisway – the all-in-one SaaS legal information and contract management solution for corporate legal departments.
• OneSumX® for Regulatory Change Management – a trusted product line designed to help financial institutions across the U.S. more effectively navigate regulatory change.

Responsible AI

The AI Hub also reflects Wolters Kluwer’s commitment to developing artificial intelligence in an ethical and responsible manner. More information about Wolters Kluwer’s Responsible Artificial Intelligence Principles can be found on the company’s website.

About Wolters Kluwer

Wolters Kluwer (EURONEXT: WKL) is a global leader in information, software solutions and services for professionals in healthcare; tax and accounting; financial and corporate compliance; legal and regulatory; corporate performance and ESG. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with technology and services.

Media Contact:

Paul Lyon
Senior Director, External Communications: Global Branding & Communications
Wolters Kluwer
paul.lyon@wolterskluwer.com
+44 2031976586

SOURCE: Wolters Kluwer N.V.