Organisations are dealing with an unprecedented volume of data, which IDC predicts will expand from 64.2 zettabytes in 2020 to 175 zettabytes by 2025. This growth has created considerable issues in information management, retrieval, and utilisation, with McKinsey reporting that employees spend an average of 1.8 hours per day searching for data. The growth of remote and hybrid work styles has increased the demand for efficient, secure, and intelligent content collaboration technologies.
Egnyte, a leader in secure content collaboration and governance, today announced the public release of Egnyte Copilot, an AI-powered assistant designed to change business content collaboration. Egnyte Copilot enables clients to engage in AI-powered discussions with their private and trusted data via an easy-to-use, turnkey solution that ensures internal and external data protection.
Introducing the game-changer in enterprise content collaboration: Egnyte Copilot! Seamlessly engage in AI-powered conversations, surface insights, create new content, & keep your data secure!
— Egnyte (@Egnyte) July 8, 2024
Experience the future of content management. https://t.co/Z26hOMPlXr pic.twitter.com/qvp0lCOrBJ
Egnyte Copilot is intended to simplify content management by uncovering insights, summarising documents, producing new material, and transcribing multimedia—all inside Egnyte’s strong content governance framework. With this version, Egnyte customers may now designate specific file groups as “Knowledge Bases” for targeted AI replies, and each base can be configured with domain-specific prompt libraries to guide the AI’s responses.
Vineet Jain, co-founder and CEO of Egnyte, stated, “Egnyte Copilot is designed to overcome some of the most pertinent challenges to AI adoption today. Authentic responses built on company data, complete data privacy, and minimal user training requirements ensure that with Egnyte Copilot, our customers can hit the ground running in their AI journey.”
With this latest release, new and existing customers on eligible plans will have access to several key features:
Knowledge Bases: Users can run AI queries across thousands of files, created around specific projects, file types, or knowledge domains such as product specifications, safety regulations, IT support guides, HR benefits, and financial plans.
Image File Support: The AI can extract and describe specific information within image files.
Audio and Video File Support: Users can leverage AI to summarize the contents of audio and video files, create transcripts, and surface key insights and citations.
Custom Prompts: Users can guide the Egnyte Copilot’s responses with context-specific instructions and prompt recommendations.
Egnyte Copilot features are accessible via Egnyte’s web, mobile, tablet, and desktop applications, ensuring seamless integration into existing workflows.
Dalmore Capital, a fund management business with over £5.5 billion in assets under management, uses Egnyte’s Knowledge Bases to assist its Asset Management team swiftly access information from thousands of contractual and technical papers. Alan Matthews, the head of IT at Dalmore Capital, stated,, “Egnyte Copilot was a very practical option for us. As it was built into the platform our employees already trust and use for file access and sharing, we didn’t have to worry about syncing content with other AI services, training people on new tools, or, most important, the security and confidentiality of our data.”
These initiatives support Egnyte’s objective of combining technological solutions into a unified, secure content platform that caters to the domain-specific requirements of distinct business disciplines and sectors. The Egnyte platform also provides AI-powered solutions that allow IT staff to improve security posture monitoring and project managers in the Architecture, Engineering, and Construction (AEC) industries to automate critical business operations.
Egnyte has also recently announced new interfaces with Microsoft 365, allowing users to share Egnyte AI-generated document labels with Microsoft security tools and execute AI searches on Egnyte data via Microsoft Teams, which uses Microsoft’s own Copilot application.