PhotoALBM Launches Ultimate Flickr Replacement Service – Based on Artificial Intelligence and Human-centered Design

NEW YORK, April 30, 2018 /PRNewswire/ — PhotoALBM launches a truly photo-centric platform for professional photographers and photography enthusiasts where users upload photos to show off their work while enjoying the work of others.  Think of it as YouTube for photographers.

What sets it apart from other popular photography services is that it is built on the principles of human-centered design and, therefore, well organized and easy to use.  It is a “smart” service driven by Artificial Intelligence that makes tedious process of portfolio/album creation a surprisingly pleasant and fun experience that takes only a few minutes.

Unlike other dated and clunky services, PhotoALBM is a pleasure to use, easy to organize, costs as little as a cup of coffee, sells photos, has no limitations, has an instant blog feature, has social media integration, it can be viewed on a big-screen TV from anywhere in the room, has background music, has different viewing modes and animations, it is updatable, editable, and it is always with you because it lives in Amazon Cloud.

“Pro-photographer directories are really the elephant in the room.  Most directories have poor navigation, feel cluttered, slow to render, and centered around making money selling photos instead of properly representing photographers.  We, editors, brides, agencies and other buyers, need a well-structured and easy to use directory that will help us to find the right photographer in a fast and efficient way,” says Michael, creative director at a marketing agency.  “We ALL have restricting budgets, so ball-park pricing is a must.  We’re always short on time so, we need information such as links to the website and social media, phone, contact form, and “About” at our fingertips.

Unlike others, PhotoALBM has fast, well-organized, and easy to navigate directory of photographers presented in a clear and usable format that can please even most demanding buyer.

PhotoALBM is one of the most sophisticated photography platforms on the market because every element, including the image optimization module, is custom built for speed and optimized for real-time performance.

PhotoALBM is designed on the principals of human-centered design popularized by Donald Norman who once said, “Good designs fit our needs so well that the design is invisible. The whole point of human-centered design is to tame complexity, to turn what would appear to be a complicated tool into one that fits the task, that is understandable, usable, enjoyable.”

About the PhotoALBM
PhotoALBM is a YouTube-like photo-sharing platform headquartered in New York City.  It is a modern-day secure, well organized, and easy to use and enjoy portfolio/album for any photographer.

“What you see in the initial release is only the tip of the iceberg,” says Ed Romanov, CEO of PhotoALBM.  “We have a clear vision of what the photo album of the future is going to be and already have a roadmap of how to get there.  There are many cool and innovative features being currently developed and we’re excited about introducing them in a very near future.”

More information can be found on www.PhotoALBM.com

Contact:  Ed Romanov
194162@email4pr.com
917-587-7575
www.photoalbm.com 

 

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SOURCE PhotoALBM

Kespry CEO George Mathew to Address U.S. and Mexican Governors, and Canadian Premiers About Industrial Drones and the Transformation of Work

MENLO PARK, Calif., April 30, 2018 /PRNewswire/ — Kespry, the leading drone-based aerial intelligence solution provider, today announced Kespry CEO George Mathew will address the National Governors Association (NGA), the Council of the Federation (COF) and the National Conference of Mexican Governors (CONAGO) at the North American Summit held in Scottsdale, Arizona on May 5th. Mathew will participate in a session to brief governors from across the U.S. and Mexico, and Canadian premiers during a session titled “The North American Region’s Role in a Globalized Economy,” hosted by Alberta Premier Rachel Notley.

Kespry Autonomous Aerial Intelligence (PRNewsfoto/Kespry)

Mathew will focus on the opportunity to drive regional economic growth and opportunities for citizens to advance their careers by applying advanced technologies such as drones, artificial intelligence (AI) and analytics to traditional industries that remain economic drivers for many of the states and provinces represented at the event. Mathew will illustrate his perspective by discussing how Kespry’s mining, aggregates, construction and insurance customers are using industrial drone-based aerial intelligence to transform industrial work. He will examine the beneficial impacts of this innovative technology on enabling workers to be more efficient, productive and safer than ever before—all while significantly contributing to the financial and technological advancement of their organizations and nations.

“It is an honor to participate in this summit, an event that highlights the value of open dialog and perspectives on using technology to deliver real world benefits to citizens across the continent,” said Mathew. “As we apply technologies such as AI and drones to industry, it is critical to ensure societies as a whole reap the rewards of these shifts without leaving anyone behind. I look forward to discussing how technology can play a key role in empowering people at all levels, from construction, mining, aggregates and insurance workers, right through to C-level and government decision makers.”

The Kespry aerial intelligence platform is used by the mining, aggregates, construction and insurance industries to capture, analyze and share critical business insights. For mining, aggregates and construction, it’s used for topographical analysis and inventory management. The construction sector also uses it for bidding, planning and managing earthworks operations, as well as producing grading plans. More than 170 mining and aggregates companies use the Kespry platform in the U.S. and Canada. To date, Kespry customers have flown 10,400 worksite missions measuring 223,000 stockpiles across 1.4 million acres.

Kespry technology is used by the insurance industry for drone-based roof inspections, designed to reduce loss adjustment expenses and deliver more efficient claims responses. By using the Kespry platform, insurance adjusters and roofing professionals are improving customer experiences, delivering more transparency and allowing faster repairs and settlements to occur. The Kespry platform was used during the aftermath of hurricanes Harvey and Irma in 2017 by one of America’s biggest insurers for these purposes.

Safety is another key focus at Kespry. Across industries, the Kespry platform is keeping workers out of harm’s way. Work that previously required people to climb stockpiles as high as 50 feet or get on top of roofs for manual inspections is now done with an autonomous Kespry drone. Users simple tap out a flight path on an iPad and the drone flies the site, captures the data and returns automatically.

Mathew has 20 years of experience developing high-growth technology startups. Prior to Kespry, he held senior leadership positions at Alteryx, salesforce.com and SAP. Mathew has driven company strategy, led product management and development and built sales and marketing teams. He joined Kespry in early 2017 as Chairman of the Board and CEO. Mathew holds a Bachelor of Science in Neurobiology from Cornell University and a Masters in Business Administration from Duke University, where he was a Fuqua Scholar.

To learn more, visit: http://www.kespry.com/

About the NGA
Founded in 1908, the National Governors Association (NGA) is the collective voice of the nation’s governors and one of Washington, D.C.’s most respected public policy organizations. Its members are the governors of the 55 states, territories and commonwealths. NGA provides governors and their senior staff members with services that range from representing states on Capitol Hill and before the Administration on key federal issues to developing and implementing innovative solutions to public policy challenges through the NGA Center for Best Practices. NGA also provides management and technical assistance to both new and incumbent governors.

About Kespry
Kespry’s aerial intelligence platform is transforming how organizations capture, analyze and share insights about their business, providing the information they need to accelerate their operations. Purpose-built for industrial use yet simple enough for any user, a wide variety of industries rely on Kespry to solve business-critical problems. Delivering a fully integrated solution from drone data capture to industry-specific analytics, Kespry serves customers across North America, Europe and Australia, including John Deere, Hancock Claims Consultants, Catastrophe Response Unit (CRU), Fluor, Lehigh Hanson/Heidelberg, and Colas USA.

Media Contact:
Amanda King
kespry@matternow.com
+1.720.577.5403

 

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SOURCE Kespry

Beyond Limits Cognitive Artificial Intelligence Leader Supports Women in Tech at WomenHack

GLENDALE, Calif., April 30, 2018 /PRNewswire/ — Beyond Limits, a developer of advanced artificial intelligence (AI) and cognitive computing solutions, has announced its participation in an event hosted by WomenHack, an organization that connects female talent to leading companies in technology. WomenHack’s goal is to create accessibility and transparency for women in the industry via recruiting events, strategic alliances, and anonymous workplace reviews. Their invitation-only events are geared toward data scientists, product/project managers, software engineers, and UI/UX designers.

As a pioneer of advanced AI solutions, Beyond Limits depends on access to top talent and aims to be at the forefront of gender equality in the workforce. This is especially applicable to the technology industry, where women continue to be underrepresented. According to US Department of Labor, 57% of the labor force is female, but only 26% of them are employed in computer and mathematical occupations. In addition, there is still a 21.4% annual wage gap for fulltime, year-round workers.

“Time and again, women have proven themselves to be not only competent but also highly competitive candidates in the technology workforce,” says Beyond Limits Recruitment Coordinator, Evan Jennings. She adds, “Beyond Limits is committed to creating an environment where women with technical skills can flourish. That’s why we’re thrilled to be a part of WomenHack’s initiative, and we hope that our relationship with them encourages women everywhere to pursue their passions in the tech industry.”

Beyond Limits specializes in AI systems that go beyond conventional artificial intelligence to new levels of cognitive reasoning, similar to human intuition. With a technology legacy from the US space program, the company synthetizes technologies from Caltech and NASA’s Jet Propulsion Laboratory (JPL) plus its own innovations to create industrial-strength AI solutions to help transform companies worldwide.

“I feel fortunate to work for a company that encourages my strengths and furthers my career goals,” says Anamika Bir, Beyond Limits Software Developer. “I appreciate that the company is forward-thinking in our approach to workplace equality and diversity. Working at a company like Beyond Limits gives me the freedom to do what I do best.”

Other members of the company, including CEO AJ Abdallat and Marketing Producer Jessica Simm, share this view.

“Our goal is to hire top talent, regardless of gender, age, background or culture. We are changing the world with our technology, and we need the brightest minds working at Beyond Limits. Those minds come from all types of people, from all over the world,” says AJ Abdallat, CEO. “Here at Beyond Limits, we welcome the conversation that the industry is having about advancing gender equality in every aspect of the business.”

Simm adds, “This issue is particularly important to keep in mind when we communicate to internal and external stakeholders. We have to stop and ask ourselves, ‘Is this material pertinent for everyone? Is it unintentionally slanted toward one gender? How can we continue to create an equitable environment for everyone?”

Beyond Limits’ efforts to foster workplace equality won’t stop with one recruitment event. The company intends to continue pursuing outreach opportunities that promote female participation in the technology industry.

About Beyond Limits

Beyond Limits is a pioneering AI company with a unique legacy from the US space program. The company is transforming proven technologies from Caltech and NASA’s Jet Propulsion Lab into advanced AI solutions, hardened to industrial strength, and put to work for forward-looking companies on earth. Beyond Limits leverages this unparalleled innovation portfolio, along with the company’s breakthrough cognitive technology, to go beyond conventional AI, blending deep learning and machine learning tools together with symbolic AIs that emulate human intuition. For more information, please visit www.beyond.ai.

Media Contact:

Jennifer Rodriguez
Firecracker PR
(888) 317-4687, ext. 703
194143@email4pr.com

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SOURCE Beyond Limits

Gridsum Receives NASDAQ Notice Relating to Late Filing of Annual Report on Form 20-F

BEIJING, April 30, 2018 /PRNewswire/ — Gridsum Holding Inc. (“Gridsum” or “Company”) (NASDAQ:GSUM), a leading provider of cloud-based big-data analytics and artificial intelligence (“AI”) solutions in China, today reported that it has received a letter from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”), dated April 27, 2018 (“Nasdaq Letter”), notifying the Company that it is not in compliance with the requirements for continued listing under Nasdaq Listing Rule 5250(c)(1), because it is unable to timely file its annual report on Form 20-F for the year ended December 31, 2017 (“2017 Annual Report”).

Under Nasdaq Listing Rules, the Company has 60 calendar days from the date of the Nasdaq Letter to submit a plan as to how it plans to regain compliance with Nasdaq’s continued listing requirements (“Compliance Plan”). If Nasdaq accepts the Company’s Compliance Plan, Nasdaq may grant the Company an exception of up to 180 calendar days from the due date of the 2017 Annual Report, or until October 29, 2018, to regain compliance.  If Nasdaq does not accept the Compliance Plan, the Company will have the opportunity to appeal that decision to a Nasdaq Hearings Panel. The Company intends to file submit its Compliance Plan within the prescribed 60-day period, and, if Nasdaq grants the exception, to file its 2017 Annual Report within the permitted period.

The Nasdaq Letter has no immediate impact on the listing of the American depositary shares representing the Company’s Class B ordinary shares on the Nasdaq Global Select Market.

This announcement is made in compliance with Nasdaq Listing Rule 5810(b), which requires prompt disclosure of receipt of a deficiency notification.

About Gridsum

Gridsum Holding Inc. (NASDAQ: GSUM) is a leading provider of cloud-based big-data analytics and AI solutions for multinational and domestic enterprises and government agencies in China. Gridsum’s core technology, the Gridsum Big Data Platform, is built on a distributed computing framework and performs real-time multi-dimensional correlation analysis of both structured and unstructured data. This enables Gridsum’s customers to identify complex relationships within their data and gain new insights that help them make better business decisions. The Company is named “Gridsum” to symbolize the combination of distributed computing (Grid) and analytics (sum). As a digital intelligence pioneer, the Company’s mission is to help enterprises and government organizations in China use data in new and powerful ways to make better informed decisions and be more productive.

Safe Harbor Statement

This announcement contains forward-looking statements. These forward-looking statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as “may,” “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to” and similar statements. Forward-looking statements involve inherent risks and uncertainties. Among other things, express or implicit statements about the Company’s plans to submit a plan to regain compliance with Nasdaq listing rules, and to file its 2017 Annual Report on Form 20-F, are forward-looking statements. Many factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: unexpected difficulties in Gridsum’s pursuit of its goals and strategies; difficulties and delays responding to issues raised by the Company’s auditor; loss of key personnel; investigations by regulatory officials; difficulties keeping and strengthening relationships with customers; PRC governmental policies; and general economic and business conditions in the regions where Gridsum provides solutions and services. Further information regarding these and other risks is included in Gridsum’s reports filed with, or furnished to, the Securities and Exchange Commission. All information provided in this press release and in the attachments is as of the date of this press release, and Gridsum undertakes no duty to update such information except as required under applicable law.

Investor Relations

Gridsum
ir@gridsum.com

Christensen

In China
Mr. Christian Arnell
Phone: +86-10-5900-1548
Email: carnell@christensenir.com

In U.S.
Mr. Tip Fleming
Phone: +1 917 412 3333
Email: tfleming@christensenir.com

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SOURCE Gridsum Holding Inc.

Blockchain Platform APEX Network Partners with China Government-Backed Data Consortium

SHANGHAI, April 30, 2018 /PRNewswire/ — Shanghai Data Exchange is one of the largest big data platforms in China and is backed and approved by Shanghai Municipal People’s Government propelling the data-driven capabilities of various core economic sectors. It also is the entity behind China’s first national engineering lab for big data distribution and exchange technologies. Key shareholders with vested strategic interest include China’s largest telecom companies China Telecom and China Unicom. Currently, the Shanghai Data Exchange is partnered with large companies such as Alibaba, Huawei, and Deloitte, to drive value-add to use cases within their own ecosystems, such as analytics, data-enrichment, and consumer insights.

APEX X Shanghai DATA Exchange

Lately, Shanghai Data Exchange seems to have grown in the scope of cooperations and partnerships it can offer. Early April, Shanghai Data Exchange entered into a custom and exclusive cooperation agreement with AI and Blockchain company Chinapex and its spin-off blockchain division APEX Network.

For APEX Network, a potentially game-changing value add of the partnership agreement would enable smart contracts running on APEX Virtual Machine to connect to a government-backed data validator, through APEX Network’s very own proprietary data integration middleware APEX Data Connector. This would ensure pilot program enterprise users as well as future long-term enterprise users of the APEX Network blockchain will be able to verify various B2C and B2B data transactions to insure quality and cost-effectiveness. “We could also technically acquire completely new datasets from the Shanghai Data Exchange consortium, but we plan to use the cooperation for data verification only, which already a big use case for our blockchain and its future dApps. Enhancing consumer consent and compliance protocols is one of the core principles we uphold when building APEX Network. We aim to help all of our enterprise users to adopt best practices become GDPR (General Data Protection Regulation) compliant,” says APEX Network and Chinapex CEO Jimmy Hu.

Shanghai Data Exchange will also help add value to Chinapex’s artificial intelligence capabilities through dataset enrichment. Given Chinapex has been in the Artificial Intelligence business since 2016, the company would have practical use cases on enhancing performance of its machine learning models in its flagship AI platform IQ, one example out of many of such use case is outlined in the recent announcement of Maserati partnering with Chinapex on AI in the Greater China region.

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SOURCE APEX Technologies

AI creates jobs, yet talent crisis remains, according to EY poll

LONDON, April 30, 2018 /PRNewswire/ — Business leaders are optimistic about the impact of artificial intelligence (AI) on job creation, according to a poll by EY conducted at the EmTech Digital Conference, produced by MIT Technology Review Insights. The poll of 122 business leaders found that, although AI is expected to reshape the traditional workplace, more than half (52%) of respondents believe it will have a positive impact on job creation. In fact, about a third (32%) of respondents say that, with the implementation of AI, more jobs will be created than lost, and an additional 20% anticipate that AI will create a surge in new jobs, boosting the economy.

EY - Building a better working world

Jeff Wong, EY Global Chief Innovation Officer, says:

“Like the poll respondents, many of the people on teams I work with don’t feel their jobs are jeopardized by AI. In fact, they demand intelligent automation that enables them to redirect their time toward more complex work that drives greater employee engagement and adds real value. We estimate that we will save approximately 2.1 million hours of our people’s time on repetitive tasks in fiscal year 2018 due to automation. Those are hours that can be repurposed and reinvested into the EY business.”

Talent gap is the top concern for organizations looking to apply AI

While organizations are increasingly implementing AI technologies, adoption plans are being hampered by a shortage of people with relevant skills, which may explain the proportion of organizations applying AI for purely functional capabilities. Indeed, a shortage of requisite talent to drive AI adoption is the top challenge to an enterprise-wide AI program, according to 80% of respondents, followed by a lack of integration of AI insights into current business processes (53%), a lack of managerial understanding and sponsorship (48%), and data used for AI not being trusted or of high quality (48%).

Businesses want to use AI to improve, but aren’t tracking progress

The poll found that the top three outcomes that business leaders want from AI are to improve and/or develop new products/services (54%), achieve cost efficiencies and/or streamline business operations (50%) and accelerate decision-making (49%). Findings also showed that although organizations are seeing how AI can help them succeed, more than half (52%) are not clearly defining business outcomes or key performance indicators (KPIs) related to AI. Instead, they are primarily focusing on piloting and learning.

Organizations lack scalable, enterprise level AI strategy

While 30% of business leaders say their organizations have functional AI capabilities and are piloting the technology within corporate functions, they still need an enterprise-wide AI strategy that aligns with these programs. Only 21% of respondents’ organizations are making progress in securing C-suite support and rolling out a strategy for applying AI, while another 28% say their organizations have limited to no capabilities, and the technology is not regarded as a strategic, overall priority.

Chris Mazzei, EY Global Innovation Technologies Leader and Chief Data & Analytics Officer, says:

“Enterprises are increasingly applying AI to their operational models. As a result, we are seeing leaders develop a more sophisticated view of how the technology could impact value creation and provide commercial differentiation. While AI is still in the early stage of maturity, businesses need to develop an AI strategy that is supported by the C-suite with the proper team to execute and measure its success.”

About EY 
EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.

EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit ey.com.

This news release has been issued by EYGM Limited, a member of the global EY organization that also does not provide any services to clients.

About the poll 
EY and MIT Technology Review Insights recently polled 122 business leaders attending a conference in San Francisco to gather insights regarding the current state of AI adoption.

Lizette Kodama 
EY Global Media Relations
+1 212 773 7472 
lizette.kodama@ey.com

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SOURCE EY

Insitu Integrates Customized TK-5 Firewatch Smart Mapping Payload on ScanEagle UAS

BINGEN, Wash., April 30, 2018 /PRNewswire/ — Insitu, a subsidiary of The Boeing Company and Overwatch Imaging today announced that they have successfully integrated a customized TK-5 Firewatch smart tactical mapping payload on Insitu’s ScanEagle® UAS. The Firewatch-equipped ScanEagle will provide real-time fire line maps and wide-area, high-resolution imagery intelligence for wildfire management, disaster recovery, and other applications.

Integrated onto ScanEagle, the TK-5 Firewatch payload maps more than 50,000 acres per hour with resolution much greater than high-altitude or space-based multi-band imaging systems, and features ideal image data and onboard processing capability to enable faster identification and delivery of precision geospatial intelligence at large scale.

ScanEagle poised for launch at 2017 Eagle Creek fire in Oregon.

Firewatch will enable ScanEagle to “fly the gaps,” day or night, when traditional mapping or surveillance assets are unavailable or conditions are hazardous for manned aircraft to fly. 

“Insitu is committed to supporting fire managers and emergency response coordinators by safely and efficiently providing time-critical information, said Mark Bauman, Vice President, Insitu Commercial – Americas.

“The system automatically finds and maps areas that could be unsafe for ground crews, and provides incident commanders the information they need, when they need it, to make the best decisions,” he continued.

The TK-5 Firewatch payload autonomously collects high-quality imagery in visible, near infrared, and thermal infrared spectral bands simultaneously, and analyzes that imagery in real time onboard, using GPU-accelerated processors and advanced computer vision software. The Firewatch payload supports live automated fire line mapping, automatic small hot-spot detection, large-scale vegetation index land monitoring and fire fuels analysis, multi-band photogrammetry, and timely wide-area image maps for situational awareness, change analysis, and response planning. 

Data from the Firewatch payload, including multi-band imagery and vector map layers, is integrated with Insitu’s INEXA Solutions suite of remote sensing products and information delivery services, and is compatible with Esri’s ArcGIS software.

ScanEagle with TK-5 Firewatch and full motion video payload provides ideal information for fire managers and disaster response teams.

“The customized TK-5 Firewatch, which operates on ScanEagle in addition to the EO/IR video payload, provides a great imaging and aerial data processing platform to drive Insitu’s sophisticated analytics solutions. This payload operates in harmony with Insitu INEXA computer vision software, and helps to further differentiate ScanEagle from other airborne assets by providing real-time geospatial intelligence tailored for each of our customer applications,” explained Andrew Duggan, Vice President and General Manager, Insitu Commercial – Asia/Pacific. “Building on the TK-5 Firewatch capability, we will continue to expand our extensive computer vision and artificial intelligence software capabilities to provide tailored, autonomous, end-to-end solutions for customers.” 

“We are honored that Insitu has chosen the TK-5 Firewatch payload to be part of its emergency management solutions,” said Greg Davis, Founder and Manager of Overwatch Imaging. “Insitu is a proven leader in aerial intelligence delivery, and we are excited to extend the capabilities of ScanEagle with our smart mapping system. Working together, we enable faster data availability, safer operations and better decision-making for emergency managers.”

About Insitu
Insitu is an industry-leading provider of information for superior decision making. With its headquarters in Bingen, Wash., and offices in the U.S., U.K., and Australia, the company creates and supports unmanned systems and software technology that deliver end-to-end solutions for collecting, processing and understanding sensor data. We proudly serve the diverse needs of our global customers in the defense, government and commercial industries. To date, our systems have accumulated more than one million flight hours. Insitu is a wholly-owned subsidiary of The Boeing Company.

About Overwatch Imaging
Based in Hood River, Oregon USA, Overwatch creates customized aerial image-based intelligence systems for long endurance Unmanned Aerial Systems (UAS) and light, piloted aircraft. Our tactical mapping systems combine high-resolution multi-band cameras in SWaP-efficient stabilized gimbals, and leverage real-time onboard computer vision and AI software to automatically extract key intelligence from massive datasets, allowing our customers to “find the needle in the haystack.” https://www.overwatchimaging.com

For more information, visit insitu.com.

Follow us on Vimeo, Instagram, LinkedIn, Facebook and Twitter.

CONTACT:   

Monica Golden

Insitu Media Relations

+1 509.637.6574

monica.golden@insitu.com

 

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SOURCE Insitu

Service Virtualization Market Worth $1.69 Billion by 2025 | CAGR: 17.6%: Grand View Research, Inc.

SAN FRANCISCO, April 30, 2018 /PRNewswire/ —

The global service virtualization market size is expected to reach USD 1.69 billion by 2025, according to a new study by Grand View Research, Inc., progressing at a CAGR of 17.6% during the forecast period. Increasing adoption of digitization by enterprises to automate business processes is one of the key trends stimulating market growth. Besides this, growing adoption of DevOps and agile methodologies for software development, in an attempt to improve collaboration between software development and testing teams, is anticipated to provide a fillip to the market.  

     (Logo: https://mma.prnewswire.com/media/661327/Grand_View_Research_Logo.jpg )

Service virtualization enhances operational efficiencies and collaboration between development, quality, operations, and assurance teams to provide a continuous integration, testing, and delivery of software. Its tools and services cater to various needs of software development teams. They also enable developers to enhance the quality of test conditions and accelerate time to market, resulting in high operational efficiencies and increased return on investment.

Various industries such as IT, banking, insurance, retail, and telecom are widely adopting service virtualization solutions to enhance productivity, reduce time to market, streamline workflows, deliver high-quality products and services, and reduce costs associated with software development. However, issues related to data security regulations and policies are estimated to challenge the growth of the market.

Browse full research report with TOC on Service Virtualization Market Size, Share & Trends Analysis Report By Component (Software, Services), By Deployment Type (On-premises, Cloud), By Vertical (IT, BFSI, Retail, Telecom), And Segment Forecasts, 2018 – 2025 at: https://www.grandviewresearch.com/industry-analysis/service-virtualization-market

Further Key Findings From the Report Suggest: 

  • North America is expected to account for the largest share owing to rapid adoption of digital services along with large presence of major players and wide acceptance of cloud infrastructure
  • Asia Pacific emerged as the fastest growing market over the forecast period, owing to advancements in infrastructure, increasing IT outsourcing operations, and growing digital services
  • The software segment accounted for over 50.0% of the overall market in 2017. The services segment is expected to register the highest CAGR over the forecast period
  • The IT vertical dominated the market in the year 2017, followed by the telecom vertical. Growing use of digitalization and development of connected devices are expected to drive the market.
  • Key participants include IBM Corporation, CA Technologies, Micro Focus, Smartbear Software, Parasoft, Sogeti (Capgemini), Maveric Systems, and Prolifics.

Browse related reports by Grand View Research: 

  • Neuromorphic Computing Market – Global neuromorphic computing market size was valued at USD 1.49 billion in 2016, expanding at a CAGR of 20.2% over the forecast period. Increasing demand for artificial intelligence for language processing, translation and chatterbots, nonlinear controls and robotics
  • Enterprise Application Market – Global enterprise application market size was pegged at USD 164.46 billion in 2016 and is expected to develop at a CAGR of 7.8% over the forecast period. Enterprise application solutions such as business process management (BPM) and software configuration management (SCM) assist enterprises in tracking production
  • Digital Utility Market – Global digital utility market size was valued at USD 117.7 billion in 2016. It is expected to exhibit a CAGR of 11.6% over the forecast period. Rising number of renewable power generation projects and energy efficiency mandates is one of the key trends stoking market growth
  • Fire Alarm & Detection Market – Global fire alarm & detection market size was valued at USD 16.1 billion in 2016 and is expected to exhibit a CAGR of 4.3% over the forecast period. Fire alarm and detection systems help identify fire incidents at an early stage and raise alerts via visual or audio indicators to safely evacuate the premises

Grand View Research has segmented the global service virtualization market report based on component, deployment type, vertical, and region: 

Service Virtualization Component Outlook (Revenue, USD Million, 2014 – 2025) 

  • Software
  • Services

Service Virtualization Deployment Type Outlook (Revenue, USD Million, 2014 – 2025) 

  • On-premise
  • Cloud

Service Virtualization Vertical Outlook (Revenue, USD Million, 2014 – 2025) 

  • IT
  • BFSI
  • Retail
  • Telecom
  • Others

Service Virtualization Regional Outlook (Revenue, USD Million, 2014 – 2025) 

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
  • Asia Pacific
    • China
    • India
    • Japan
  • Rest of the World (RoW)

Read Our Blog By Grand View Research:  

https://www.grandviewresearch.com/blogs/technology

About Grand View Research 

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Amplero Names Jamie Miller Chief Executive Officer

SEATTLE, April 30, 2018 /PRNewswire/ — Jamie Miller officially joined award-winning, artificial intelligence marketing startup, Amplero, as Chief Executive Officer this week. The move adds to Amplero’s executive team Miller’s deep experience successfully accelerating young technology companies in both enterprise and consumer-facing industries.

Launched with AI at the core, Amplero’s award-winning AIM technology experiments, learns, and optimizes each interaction as customer relationships evolve. (PRNewsfoto/Amplero)

Most recently, Miller spent a year as an Entrepreneur in Residence at Pioneer Square Labs in Seattle, which announced earlier this month that they have successfully closed $80M for their first venture fund. As a former executive at Faraday Future, thePlatform, and RhythmOne, Miller brings 20 years of experience starting, growing, and successfully exiting technology companies.

Amplero was founded by machine learning pioneer, Olly Downs, Ph.D., who will continue in his role as Amplero founder and Chief Scientist. The company’s early accomplishments include it being recently named to the CB Insights “AI 100” and being selected a finalist in GeekWire’s “2018 Startup of the Year” Award.

“I knew from the moment I met Jamie that he was the right person to lead Amplero through its next phase of growth,” said Downs. “As startups evolve beyond their scrappy beginnings, they need level-headed leadership that can galvanize a team as it transitions to drive scale and repeatability in its business–Jamie has that in spades. I am excited to resume my focus on innovation and to continue to build our unique vision for the future of marketing.”

Launched with AI at the core and used by customer-obsessed brands like Sprint, TaxAct, and Virgin Mobile, Amplero’s AI Marketing technology experiments, learns, and optimizes each customer interaction as the relationship evolves, enabling brands to deliver experiences in which individuals feel heard, known, and understood.

“I believe the space between human intentions and our ability to understand that intention generates the most fascinating questions in technology today,” says Miller. “What does a customer want at this very moment, how do we predict that need with fine resolution, and how do we present it to her in a way that is timely, helpful and likely to be acted upon? This intelligence was at the heart of my connected vehicle activities at Faraday, and in my latter years at thePlatform, where we built software that helped our customers understand and deliver content, packaged in the way that consumers would most value and enjoy.

“I’m not at Amplero by accident. In my estimation, there is no other company in the Northwest doing more with machine learning and AI than we are. I feel fortunate and grateful to be here. Keep an eye on us! “

Miller has consistently brought to market new technologies that create engaging consumer experiences.

“I’ve been excited about the team and the technology at Amplero since day one,” says Bob Kelly, managing partner at Ignition, and Amplero board member. “Jamie has the experience, temperament, and talent to be a force multiplier at a time when Amplero is poised to disrupt the way brands interact with their customers.”

About Amplero

Amplero lets brands be human again.

Despite the exponential growth of customer data, major brands still fail to understand individual consumers. Moments of interaction on the phone, in the app, or at the store, don’t connect. Each channel of communication is driven by its own data and automation rules.

But where humans and existing marketing systems are overwhelmed, artificial intelligence marketing (AIM) thrives. Amplero now enables customer-obsessed brands to build lasting relationships at a scale not humanly possible. No more mindless automation. No more fragmented interactions. No more feeling misunderstood.

Launched with AI at the core and used by companies across the globe, Amplero’s award-winning AIM technology experiments, learns, and optimizes each interaction as customer relationships evolve. Intelligently orchestrating meaningful, individualized cross-channel experiences, Amplero AI Marketing Cloud drives measurable lift for the metrics that matter most.

As a recognized leader in the AIM category, Amplero was named to the “Top 5 Most-Promising AI Startups” by VentureBeat and “CB Insights AI 100” featured in Fortune Magazine. Amplero founder and Chief Scientist Olly Downs, Ph.D., holds 35 patents in machine learning and computational mathematics.

To learn more about how the future is human, contact us today or connect with us on Twitter, LinkedIn, and Facebook.

 

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SOURCE Amplero

Sentient Expands Its Global Footprint to Meet Growing Demand for AI-Powered Marketing Solutions in the Asia-Pacific Region

SAN FRANCISCO, April 30, 2018 /PRNewswire/ — Sentient Technologies, the world leader in artificial intelligence products based on evolutionary algorithms, announced today the expansion of its presence in Asia and Australia, with new partnerships.  Sentient’s newest partners, Intralink Group in Korea and Neural Digital in Australia and New Zealand, will be responsible for the continued growth of Sentient’s AI-based marketing and e-commerce products, including Sentient Ascend.

Sentient Ascend editor showing travel experiment

Serving customers in APAC since 2016, Sentient Ascend has already been deployed in Australia, Japan, Korea, Hong Kong, and Singapore. In early 2017, Sentient entered into an agreement with a division of Rakuten Marketing, LLC (Linkshare Japan KK) to provide Sentient Ascend to the Japanese market; these new engagements build on that partnership model.

Sentient Ascend provides a unique approach to conversion rate optimization (CRO) using evolutionary algorithms, a form of artificial intelligence, to automate and accelerate testing the performance of thousands of possible web page design combinations. By using evolutionary AI, Ascend provides a faster and more effective alternative to traditional A/B and multivariate testing, driving conversion improvements as high as 40 percent for companies in the ecommerce, finance, travel, retail, and affiliate marketing sectors.

“With on-the-ground presence in even more Asia-Pacific markets, Sentient will be able to better serve its customers and prospects,” said Jonathan Epstein, Sentient’s Senior Vice President of International. “We plan to continue our aggressive international expansion with additional partnerships planned for this year.”

Korea is one of the world’s most advanced digital markets, with $37B a year in online sales, making it sixth in the world. Sentient’s partner in Korea, Intralink Group, has a long track record of successfully launching new technology products into Asian markets.

“Ascend allows marketers and e-commerce operators to test vast numbers of design and code changes simultaneously, even across multiple funnels and in a tenth of the time it would take using traditional A/B solutions,” said Michal Witkowski, Director of Intralink.  “Given the fierce pace of competition in Korea’s rapidly growing ecommerce market, we needed a tool that could deliver faster and larger returns for our customers and we found it in Ascend.”

Australia is another leading region for ecommerce and digital marketing, with $23B – 10 percent of the overall retail market – now transacted online. Neural Digital, Sentient’s partner for Australia and New Zealand, is a consultancy that brings precision artificial intelligence-based solutions to marketing’s largest challenges.

“AI is now the killer tool for marketing teams wanting to maximize their productivity and leapfrog their competitors,” said Robbie Dalton, Cofounder of Neural Digital, “but many companies talk and don’t deliver. We’re focused on offering only AI solutions that deliver an immediate impact on a customer’s bottom line and Sentient Ascend tops the list.”

Ascend can be used to optimize websites, mobile sites and landing pages in any language and is being used for many different use cases.  Sentient will continue to select additional partners in other growth markets, including India, Southeast Asia, China, and Russia.

Josh Stanbury
press@sentient.ai

 

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SOURCE Sentient Technologies