Ideanomics Enters Into Joint Venture With iUnicorn To Expand Electric Vehicle Activities Into Lucrative Taxi Market

NEW YORK, May 31, 2019 /PRNewswire/ — Ideanomics (NASDAQ: IDEX) (“Ideanomics” or the “Company”), a global Fintech and AI catalyst for transformative industries, today announced the signing of a strategic joint venture with China’s iUnicorn (also known as Shenma Zhuanche). iUnicorn is a top-five Chinese ride-hailing service in both ridership and financial performance, which offers only luxury branded electric vehicles such as Tesla, BMW, Buick, Mercedes, and Cadillac, in addition to Chinese electric vehicle manufactures. The JV will become a green finance and integrated marketing service enterprise for new energy vehicles as part of Ideanomics’ New Energy Vehicle division. The JV will become the exclusive sales, marketing, operations, and financing partner for iUnicorns activities, as well as for other EV activities, including tour bus and other specialty vehicles.

Ideanomics (PRNewsfoto/Ideanomics)

Ideanomics will have 50.1% ownership control. The board will contain 5 members comprised of 3 from Ideanomics, including the chairman, and 2 from iUnicorn. Additionally, iUnicorn will appoint the CEO and the parties will coordinate on the appointment of the JV’s CFO. The JV will be domiciled outside of China to allow the flexibility to spin-off the business in the future.

Ideanomics will contribute advisory and sales responsibilities which will include arranging ABS-based auto financing with its bank and financing partners, from assets provided by vehicle manufacturers to the value of 5 Billion RMB, as well as order origination in Vietnam, and other target territories up to and including the U.S. Ideanomics will also contribute its tour bus and commercial vehicle orders.

iUnicorn will contribute its signed sales orders in Chengdu of 19,000 vehicles, plus a further 89,000 vehicle orders mainly in Sichuan province, which are in addition to the Chengdu order. iUnicorn will also provide sales and operational support for the joint venture. The fulfillment of these orders will commence immediately, with the Chengdu order anticipated to begin to take delivery during the 3rd quarter of 2019. The JV will generate revenues from fees from ABS, ranging from 0.7% to 1.5% and also commissions on vehicle sales orders, which will vary according to manufacturer and vehicle model.

“The adoption of new energy vehicles is in full force across China and ASEAN countries and Ideanomics is making its mark more than any other US Company in this market. Our deal origination along with our efforts to facilitate the entire value chain from supply through to ABS financing, are just some of the tools that will benefit our partners and shareholders,” said Alf Poor, CEO of Ideanomics. “We are excited to work with the dynamic team at iUnicorn, which have built a profitable business quickly and efficiently, and a successful joint venture with strong income streams.”

China has approximately 1.5 Million taxis operating in its towns and cities, making it one of the largest focus areas for the reduction of carbon emissions from vehicles. Vietnam has seen 15% CAGR in the number of taxis between 2012 and 2017 and shows no signs of slowing with a high-growth population currently at 95 Million people and reflective of the ASEAN region as a whole.

“Ideanomics has the right experience in the electrification and cleantech markets for iUnicorn to succeed and outpace our competitors. Our ability to collaborate in multiple areas will benefit our riders, our drivers, and our shareholders,” said Yang Guang, Chairman of iUnicorn. “We are excited about the revenue opportunities available to this joint venture, and Ideanomics provides a strong entry point into the Ex-China and U.S. markets, on the ground and in the capital markets.”

About iUnicorn (also known as Shenma Zhuanche).

iUnicorn offers luxurious ride-hailing services with luxury branded electric vehicles such as Tesla, BMW, Buick, Mercedes, and Cadillac. iUnicorn aims to solve the safety and comfort problems of private travel, as well as provide high-end, standardized, professional and private business vehicles for enterprises. iUnicorn has been operating profitably in Guiyang, Chengdu, Shanghai, Shenzhen and Guangzhou, and first-class service has begun to grow nationwide.

About Ideanomics

Ideanomics is a global Fintech and AI catalyst for transformative industries. Ideanomics combines deal origination and enablement with the application of blockchain and artificial intelligence technologies as part of the next-generation of financial services.

The company is headquartered in New York, NY, and has offices in Beijing, China. It also has a planned global center for Technology and Innovation in West Hartford, CT, named Fintech Village.

Safe Harbor Statement

This press release contains certain statements that may include “forward looking statements”. All statements other than statements of historical fact included herein are “forward-looking statements.” These forward-looking statements are often identified by the use of forward-looking terminology such as “believes,” “expects” or similar expressions, involve known and unknown risks and uncertainties, and include statements regarding our intention to transition our business model to become a next-generation financial technology company, our business strategy and planned product offerings, our intention to phase out our oil trading and consumer electronics businesses, and potential future financial results. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of risks and uncertainties, such as risks related to: our ability to continue as a going concern; our ability to raise additional financing to meet our business requirements; the transformation of our business model; fluctuations in our operating results; strain to our personnel management, financial systems and other resources as we grow our business; our ability to attract and retain key employees and senior management; competitive pressure; our international operations; and other risks and uncertainties disclosed under the sections entitled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our most recent Form 10-K and Form 10-Q filed with the Securities and Exchange Commission, and similar disclosures in subsequent reports filed with the SEC, which are available on the SEC website at www.sec.gov. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these risk factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

Investor Relations and Media Contact 
Tony Sklar, VP of Communications at Ideanomics 
55 Broadway, 19th Floor New York, New York 10006 
Email: ir@ideanomics.com  
www.ideanomics.com  
Tel: +1.212.206.1216  

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SOURCE Ideanomics

$38.7 Bn Virtual Reality Headset Market – Global Market to Grow at a CAGR of 41%, 2019-2024

DUBLIN, May 31, 2019 /PRNewswire/ — The “Virtual Reality Headset Market Report: Trends, Forecast and Competitive Analysis” report has been added to ResearchAndMarkets.com’s offering.

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The global virtual reality (VR) headset market is expected to reach an estimated $38.7 billion by 2024 with a CAGR of 41.0% from 2019 to 2024.

The future of the global virtual reality headset market looks promising with opportunities in the gaming & entertainment, real estate, healthcare, retail, and military market.  The major drivers for this market are increasing penetration of virtual reality content in gaming, sports, and entertainment and growing demand for VR headset in health care and retail sectors.

Emerging trends, which have a direct impact on the dynamics of the virtual reality headset industry, include the introduction of attractive, sleek, and convenient VR headsets and the development of artificial intelligence incorporated VR headsets.

The report forecasts that the smartphone enabled virtual reality headset will remain the largest segment and it is also expected to witness the highest growth due to increasing demand for smartphones gaming.

Within the global virtual reality headset market, gaming & entertainment will remain the largest application due to the growth of the gaming industry and increasing development of VR specific games by various gaming enterprises.

North America will remain the largest region due to rising demand for VR games, specifically Raw Data & Resident Evil 7 among others, and growing investment by leading technology companies. APAC is expected to witness the highest growth over the forecast period due to increasing digitalization and development of VR based content for the gaming and entertainment sector.

Some of the virtual reality headset companies profiled in this report include Sony, HTC, Samsung Electronics, Facebook and Google and others.

This report answers following 11 key questions:

  • Q.1. What are some of the most promising, high growth opportunities for the virtual reality headset market by headset type (standalone, smartphone enabled and PC-connected),by application (military, education, entertainment and media, retail, real estate and healthcare), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
  • Q.2. Which segments will grow at a faster pace and why?
  • Q.3. Which region will grow at a faster pace and why?
  • Q.4. What are the key factors affecting the market (virtual reality headset market, VR headset market, AR and VR headset market share, virtual reality (VR) headsets market) dynamics? What are the key challenges and business risks in this virtual reality headset market?
  • Q.5. What are the business risks and competitive threats in this virtual reality headset (virtual reality headset market, VR headset market, AR and VR headset market share, virtual reality (VR) headsets market) market?
  • Q.6. What are the emerging trends in this virtual reality headset (virtual reality headset market, VR headset market, AR and VR headset market share, virtual reality (VR) headsets market) market and the reasons behind them?
  • Q.7. What are some of the changing demands of customers in the virtual reality headset (virtual reality headset market, VR headset market, AR and VR headset market share, virtual reality (VR) headsets market) market?
  • Q.8. What are the new developments in the virtual reality headset (virtual reality headset market, VR headset market, AR and VR headset market share, virtual reality (VR) headsets market) market? Which companies are leading these developments?
  • Q.9. Who are the major players in this virtual reality headset (virtual reality headset market, VR headset market, AR and VR headset market share, virtual reality (VR) headsets market) market? What strategic initiatives are key players pursuing for business growth?
  • Q.10. What are some of the competing products in this virtual reality headset (virtual reality headset market, VR headset market, AR and VR headset market share, virtual reality (VR) headsets market) market and how big of a threat do they pose for loss of market share by material or product substitution?
  • Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the virtual reality headset (virtual reality headset market, VR headset market, AR and VR headset market share, virtual reality (VR) headsets market) industry?

Key Topics Covered:

1. EXECUTIVE SUMMARY

2. GLOBAL VIRTUAL REALITY HEADSET MARKET: MARKET DYNAMICS
2.1: Introduction
2.2: Supply Chain
2.3: Industry Drivers and Challenges

3. MARKET TRENDS AND FORECAST ANALYSIS FROM 2013 TO 2024
3.1: Macroeconomic Trends and Forecasts
3.2: Global Virtual Reality Headset Market Trends and Forecast
3.3: Global Virtual Reality Headset Market by Headset Type
3.3.1: Standalone
3.3.2: Smartphone Enabled
3.3.3: PC-connected
3.4: Global Virtual Reality Headset Market by Application
3.4.1: Gaming and Entertainment
3.4.2: Real Estate
3.4.3: Health Care
3.4.4: Retail
3.4.5: Military
3.4.6: Education

4. MARKET TRENDS AND FORECAST ANALYSIS BY REGION
4.1: Global Virtual Reality Headset Market by Region
4.2: North American Virtual Reality Headset Market
4.2.1: Market by Headset Type: Standalone, Smartphone-enabled and PC-connected
4.2.2: Market by Application: Military, Education, Gaming and Entertainment, Retail, Real Estate and Health Care
4.3: European Virtual Reality Headset Market
4.4: APAC Virtual Reality Headset Market
4.5: ROW Virtual Reality Headset Market

5. COMPETITOR ANALYSIS
5.1: Product Portfolio Analysis
5.2: Market Share Analysis
5.3: Geographical Reach
5.4: Porter’s Five Forces Analysis

6. GROWTH OPPORTUNITIES AND STRATEGIC ANALYSIS
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Virtual Reality Headset Market by Headset Type

6.1.2: Growth Opportunities for the Global Virtual Reality Headset Market by Application
6.1.3: Growth Opportunities for the Global Virtual Reality Headset Market by Region
6.2: Emerging Trends in the Global Virtual Reality Headset Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Mergers and Acquisitions in the Global Virtual Reality Headset Market

7. COMPANY PROFILES OF LEADING PLAYERS
7.1: HTC Corporation
7.2: Sony Corporation
7.3: Samsung Group
7.4: Facebook, Inc.
7.5: Google
7.6: Microsoft Corporation
7.7: Razer Inc.
7.8: Carl Zeiss AG
7.9: LG Electronics
7.10: Avegant Corporation

For more information about this report visit https://www.researchandmarkets.com/r/leh6gh

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com

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SOURCE Research and Markets

Futurus Group Files First Ever Patent to Predict Gratitude Using Artificial Intelligence

IRVINE, Calif., May 30, 2019 /PRNewswire/ — Futurus Group, an affiliate of Gobel Enterprises and a full-service consulting firm focused on artificial intelligence, today announced that it is seeking a patent for its proprietary gratitude prediction machine learning model.

G2G (Gratitude to Give), Futurus’ flagship product, currently utilizes this patent-pending algorithm and is the first artificially intelligent product on the market focused on predicting gratitude specifically in a healthcare environment.  Early results have revealed promising insights.  One client using G2G prioritized a list of 500 high-gratitude patients and 500 high-wealth patients.  Forty-seven percent of the high-gratitude patients became donors, surpassing the ten percent of high-wealth patients who did.

“We conceptualized this idea a few years ago,” said Chad Gobel, CEO and founder of Gobel Group.  “We felt that the way philanthropic organizations were finding prospects was incomplete, and we wanted to develop an algorithm that could dramatically improve the methodology.  We’re so excited to see such great preliminary results, and the filing of the patent is an exciting milestone for us.”

This patent-pending technology is the first and only artificially intelligent algorithm that accurately predicts gratitude.  It involves the use of various machine learning models in order to generate a gratitude score that characterizes the likelihood that patients will make a donation to the healthcare organization in the future. 

Using this HIPAA-compliant method, organizations will be able to obtain patient history data, including data collected from patient interactions with the hospital as well as third party data, and then use the gratitude prediction model to process the data in order to generate a “gratitude score” for each individual.

This technology will enable philanthropic organizations to use the gratitude scores generated by the system to optimize resource allocation and reduce the number of resources required to obtain a target objective.  The algorithm will prioritize prospects based on their varying levels of gratitude, thereby optimizing the allocation of the organization’s limited resources according to the prioritization.

“We are pleased to be able to strengthen our intellectual property protection with the addition of this patent,” stated Nathan Chappell, president of Futurus Group.  “Our goal with Futurus is to expand and improve the uses of AI-based gratitude indication, both nationally and internationally, and we’re very excited to be working towards securing a patent for our proprietary technology.  While we have already seen early success with the model in G2G, we intend to take full advantage of the algorithm and utilize it in other products soon to come.”

About Futurus Group

Backed by Gobel Group’s 300+ years of collective experience in healthcare fundraising, Futurus Group is revolutionizing healthcare philanthropy by leveraging AI capabilities to increase philanthropic support.  As a full-service consulting firm focused on artificial intelligence, Futurus partners with its clients to ensure that their philanthropic data is accurate and actionable. More information about Futurus Group can be found at http://www.futurusgroup.com.

About Gobel Group

Gobel Group is the leading consulting firm working exclusively in healthcare philanthropy, and the experts in helping clients build meaningful partnerships with physicians and nurses to create a robust grateful patient program. Gobel’s system helps create clinician champions who identify the best prospects, introduce those prospects, and become involved in the philanthropic process. The result helps healthcare institutions increase philanthropic revenue.

Gobel has recently expanded its scope of services and now supports clients with strategic planning, campaign planning and management, data analytics, and board and volunteer leadership training, among other areas.

Gobel’s team of 25 individuals includes seasoned healthcare development professionals and clinicians from the top medical centers in the nation, including Cleveland Clinic, Johns Hopkins Medicine, Mayo Clinic, Duke Medicine, and other leading philanthropy programs. Gobel’s consultants have led programs that have raised hundreds of millions annually and directed billion-dollar campaigns. In eight years, Gobel Group has worked with over 315 hospitals across the nation and around the world. 

More information on Gobel Group’s services and career opportunities can be found at https://gobelgroup.com.

CONTACT: Marissa Lavigna, 585-625-0913, marissa@gobelgroup.com

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SOURCE Futurus Group

Financial Institutions can Leverage Embedded Banking to Integrate Secure Digital Banking Services, Unisys to Tell Industry Leaders

MIAMI, May 31, 2019 /PRNewswire/ — Unisys Corporation (NYSE: UIS) today announced it will present at Fintech Americas 2019 to discuss the opportunities that embedded banking presents for the financial services industry, including ways that banks can integrate banking, loan and payment functions into popular consumer applications. By removing friction from traditional processes in this way, financial institutions will be able to deliver a seamless customer experience, while advances in identity management can ensure they establish a strong security posture amid the rapid pace of transformation.

Maria Allen, vice president and global head of Financial Services, Unisys, will be featured as part of a panel discussion along with David Estevez, CIO of Grupo Petersen and Daniel Kennedy, vice president of digital banking for Scotiabank to discuss how the digital transformation of financial institutions is changing the experience and expectations of customers, and how advances like open banking have opened the door to many services that a bank might not have been able to previously offer. The discussion will also tackle the cybersecurity risks posed by the changes and the important role of a Zero Trust model for future success.

“The rapid pace of change facing the banking industry today is disrupting the bank’s traditional ‘grip’ on the consumer,” said Allen. “Today’s consumers have many options, but advances like embedded banking enable digital banking services to be delivered in real time, when and where the customer needs it. It’s about removing friction from traditional banking processes – enabling people to conduct transactions from any device, at any time – to provide a better customer experience.”

The discussion will also center on the need for banks to be aware of the cybersecurity risks they face as they adopt new technologies like voice-based artificial intelligence and take proactive steps to establish a Zero Trust approach to security to ensure the protection of systems, data, and customers, since perimeter defenses are no longer sufficient to respond to today’s threats.

“Zero Trust is a hot topic today. Like many new terms, it can mean different things to different companies. At Unisys, we believe a Zero Trust approach is founded upon the idea that no user or device – inside or outside the private network – should be trusted and organizations should grant as little access as possible upon reliable identification,” said Allen. “A ‘trusted identity’ approach is necessary because interconnectivity with partners, vendors and customers means that sensitive data must be protected across multiple touchpoints. Fortunately, advancements like multimodal biometric authentication, including things like voice recognition and iris scan, and behavioral biometrics like typing speed can be deployed to verify user identity across channels.”

By leveraging identity-driven access technology, banks and financial institutions can realize a Zero Trust security model to counter the systemic risks that embedded banking introduces. Connections with vendors and partners can then be made with confidence, and the full benefits of open banking can be realized.

Unisys helps financial institutions achieve digitalization with Elevate™, an end-to-end, digital banking software platform and suite of applications designed to help them deliver an instantly secure, omnichannel banking experience to their customers. Elevate is secured with Unisys Stealth®, which features dynamic isolation™ capabilities to quickly isolate devices or users at the first sign of compromise. Stealth™ reduces attack surfaces through identity-based microsegmentation, allowing banks to microsegment and conceal critical assets and establish encrypted channels for secure user, application and system communication.

More than 450 financial institutions worldwide rely on Unisys solutions. For more information on Unisys’ financial services capabilities, please click here.

About Unisys
Unisys is a global information technology company that builds high-performance, security-centric solutions for the most demanding businesses and governments on Earth. Unisys offerings include security software and services; digital transformation and workplace services; industry applications and services; and innovative software operating environments for high-intensity enterprise computing. For more information on how Unisys builds better outcomes securely for its clients across the Government, Financial Services and Commercial markets, visit www.unisys.com.

Follow Unisys on Twitter and LinkedIn.

RELEASE NO.: 0531/9682

Unisys and other Unisys products and services mentioned herein, as well as their respective logos, are trademarks or registered trademarks of Unisys Corporation. Any other brand or product referenced herein is acknowledged to be a trademark or registered trademark of its respective holder.

UIS-C

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SOURCE Unisys Corporation

New AI Platform Shown to Amplify IQ by 14 Points

SAN FRANCISCO, May 31, 2019 /PRNewswire-PRWeb/ — Unanimous AI recently launched Swarm®, the world’s first software Platform designed to amplify the intelligence of human groups, enabling optimized insights, forecasts, and evaluations. Built using award-winning Swarm AI® technology, the platform has been validated by over 20 published papers, including studies conducted with researchers at Stanford, Oxford, Boeing, and California State University.

In a new study announced today, networked teams using Swarm were tested on a standard IQ test known as the Raven’s Standard Progressive Matrices (RSPM) test. The average individual scored 53.7% correct, while the average group using Swarm achieved 76.7% correct, an IQ increase of 14 points. Swarm also beat groups working by majority vote, which scored 56.7% correct, 12 IQ points less than using the swarming method.

These results are consistent with many prior studies showing that networked human teams, when working together in the Swarm platform, significantly amplify their collective intelligence, enabling more accurate decisions, forecasts, evaluations and prioritizations. In a recent study conducted at Stanford University, groups of radiologists used Swarm to diagnose chest x-rays and recorded a 33% reduction in diagnostic errors when using the platform. In a recent study performed by researchers at California Polytechnic State University, teams were 22% more accurate making subjective judgments when using Swarm.

As announced last month, Swarm is now available as an easy-to-use SaaS platform. In addition to enabling more accurate decisions and forecasts, the Swarm platform has been shown to speed the decision-making process and increase satisfaction in decided outcomes. Unanimous AI’s pioneering work currently supported by the National Science Foundation (NSF) and Nesta, the innovation foundation.

“Swarm has been used for a wide range of applications from market research and engineering planning, to financial forecasting and medical diagnosis,” said Gregg Willcox, Director of R&D at Unanimous AI. “But this is the first time it’s been up against a formal IQ test. The results of this NSF funded study confirm what users tell us every day – Swarm makes teams smarter.”

One area where Swarm has shown significant value is for use among teams of financial analysts, enabling them to rapidly combine their diverse perspectives and converge on forecasts that significantly outperform the individuals alone or the group reaching decisions by traditional methods. In a study conducted by researchers at Unanimous AI and Oxford University, teams of financial traders were asked to forecast the weekly change in Gold, Oil, and S&P 500 indexes. Swarm enabled a 26% increase in forecasting accuracy.

“Most AI technology takes humans out of the loop, replacing them with automated algorithms that find patterns in large datasets,” said Dr Louis Rosenberg, CEO and Chief Scientist of Unanimous AI. “At Unanimous, our goal is to keep people in the loop, using AI to harness and amplify their collective knowledge, wisdom, experiences, and insights. And with our new SaaS platform, we’re exciting to make this powerful capability widely available to all business teams, from market researchers to financial forecasters.”

About Unanimous AI (http://unanimous.ai)
Unanimous AI is the maker of Swarm®, the world’s first enterprise platform that amplifies the intelligence of networked human groups. In 2018, Swarm AI technology from Unanimous was recognized as SXSW’s 2018 “Artificial Intelligence Innovation of the Year.” Unanimous’ pioneering work in this area is currently funded by National Science Foundation (NSF) and Nesta, the Innovation Foundation. #NSFFUNDED

 

SOURCE Unanimous AI

IBM Watson Health Presents New Data Demonstrating Real-World Progress of AI in Oncology at 2019 ASCO Annual Meeting

CHICAGO, May 31, 2019 /PRNewswire/ — IBM Watson Health and its partners today unveiled 22 new scientific studies that demonstrate progress in providing clinical decision support for cancer care globally at the American Society for Clinical Oncology 2019 annual meeting.

(PRNewsfoto/IBM)

“Artificial intelligence technology is helping to enhance the way clinicians treat cancer today, in the real world,” said Nathan Levitan, MD, MBA, Chief Medical Officer for Oncology and Genomics at IBM Watson Health. “AI is helping multidisciplinary tumor boards make more informed decisions based on curated scientific evidence; it is surfacing critical insights and information that is not identified manually; and it is helping to improve patient satisfaction by delivering a comprehensive view of treatment options.”

Watson Health’s studies show how Watson AI provides value in supporting evidence-informed treatment decisions, improving patient confidence in treatment plans, and annotating genomic variants and identifying clinical interventions. In total, more than 70 peer-reviewed studies, posters and abstracts support Watson Health offerings in oncology and genomics.

“In this early era of AI use in healthcare decision-making, the studies presented at ASCO this year offer compelling evidence of the important role this technology will play in helping oncologists improve cancer treatment for each individual patient,” Levitan continued.

Following are among the key study findings being presented at ASCO:

  • Watson for Oncology Informs Clinical Decision Changes in 13.6% of Cases Reviewed by Multidisciplinary Tumor Board: In a blinded evaluation of 1000 breast, lung and colorectal cancer patients in India, the multidisciplinary tumor board at Manipal Hospitals changed their treatment decisions in 13.6% of cases based on information provided by Watson for Oncology. Investigators reported that in these cases, decisions changed because Watson provided recent evidence for a newer treatment (55%), a more personalized alternative (30%), or new insights from genotypic and phenotypic data and evolving clinical experiences (15%). [Abstract link]

    “Building on previous studies, this evidence suggests that AI decision support holds substantial promise to reduce the cognitive burden on oncologists, which is a significant problem impacting physician burnout today,” said lead investigator SP Somashekhar, Chairman of Surgical Oncology, Manipal Hospitals. “We consider Watson for Oncology to be an important tool to support decision making, and this study suggests that AI could help reduce variability of care.”

  • Watson for Genomics Surfaces New Insights for Oncologists Treating Patients with Hematological Malignancies: In a study of 54 patients with hematological malignancies at Hallym University College of Medicine, Watson for Genomics annotations of sequencing results correlated well with manually curated expert opinion (90% in randomized subset), and identified clinically actionable insights that were not identified by manual interpretation in 33% of cases. This helps suggest that the labor-intensive manual curation of such results could be augmented with tools like Watson for Genomics. [Abstract link]
  • Watson for Oncology Improves Cancer Patient Confidence: Physicians from the Oncology Department at Beijing Chaoyang Integrative Medicine Emergency Medical Center report that incorporating Watson for Oncology into a 7-step patient engagement and consultation process helped patients to better understand their disease and treatment options. This resulted in stronger patient confidence in their care plans. [Abstract link]

IBM Watson Health Continues to Enhance Products

IBM Watson Health continuously seeks to enhance capabilities in its offerings to help physicians improve the efficacy and efficiency of cancer treatment. During ASCO, IBM Watson Health reported data on a new method to automatically identify clinically relevant, high-quality scientific publications by training machine learning on the text from abstracts of papers cited in three expert resources: NCCN, NCI-PDQ, and Hemonc.org. The model classified papers in the test set with 93% accuracy, 95% sensitivity, and 91% specificity, which suggests that machine learning can be used to automatically identify relevant clinical publications and may reduce the time clinicians spend finding pertinent evidence for their patients.

Additionally, IBM Watson Health is strategically focused on tailoring offerings to support the workflow experience of oncologists in key markets based on feedback from physicians and insight from scientific data. Watson Health oncology and genomics offerings are currently being used to support physicians and patients in their cancer care journeys in more than 15 markets around the world.

“With 18 million diagnoses globally each year, cancer is a devastating disease that has a heavy human toll, as well as a high health system cost,” said Dr. Levitan. “Patients often face grueling and confusing treatment regimens, while oncologists sift through reams of medical literature and genomic data to identify the best care plan for each individual patient. All the while, researchers are hamstrung by trials that too often fail due to low patient recruitment. IBM Watson Health was created to help address pressing health challenges through data, analytics and AI, and this is our focus in oncology.”

About IBM Watson Health:
Watson Health is a business unit of IBM that is dedicated to the development and implementation of cognitive and data-driven technologies to advance health. Watson Health technologies are tackling a wide range of the world’s biggest health care challenges, including cancer, diabetes, drug development and more. Learn more.

Contact:
Christine Douglass
cgdouglass@us.ibm.com
415-535-4479

IBM Corporation logo. (PRNewsfoto/IBM)

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SOURCE IBM Watson Health

Consero Global Finalist for Central Texas Growth Award

AUSTIN, Texas, May 31, 2019 /PRNewswire-PRWeb/ — Fast-growing Consero Global LLC, a leader in Finance as a Service, is a finalist for the prestigious Association for Corporate Growth (ACG) 2019 Central Texas Growth Awards. A finalist in its revenue class, ACG is recognizing Consero as a visionary company which provides high-growth companies with finance and accounting solutions that were once well beyond their reach. Not only is Consero fast-growing but helps other companies to reach their goals faster.

“We are thrilled to count Consero as one of our finalists,” exclaimed, Melissa Morgan, Awards Chair, ACG Central Texas Chapter, “as they embody our mission to drive middle-market growth. Not only is Consero growing rapidly, they do it by helping other middle-market companies to grow.”

Consero recognized as a disruptive force

High tech, cutting edge technology, such as artificial intelligence and proprietary software that make financial decision-making as intuitive as interacting with a smart speaker, coupled with the high-touch of a full service team of experts frees up more than half of the C-suite’s time to focus on strategic initiatives that allow them to grow their business.

“We thank ACG for their recognition, which further validates Consero’s vision for the Finance as a Service market,” stated Scott Tynes, CEO, Consero Global. We appreciate their acknowledgement that Consero is the go-to choice for companies who demand financial excellence, operational efficiency and transparency.”

A significant challenge, particularly for private equity groups, is the ability to quickly provide accurate and timely financial information along with systems and processes that seamlessly rolls up among multiple subsidiaries. This leads to transparency, efficiency and swift decision-making which results in increased profitability.

Consero combines technology with expert teams

Middle-market companies experiencing rapid growth, which are the primary targets of Private Equity sponsors to become platform companies, struggle to establish cost-effective finance and accounting functions. Instead, in-house F&A consumes resources, drives higher costs and distracts management time away from addressing corporate objectives. Traditional attempts to solve common struggles of the finance department have been based on a consulting approach. Consero’s Finance as a Service solutions take a managed platform approach as opposed to a short-term consulting project.

Consero combines innovative integrated software, including the SIMPL financial management console with traditional CFO, controller and bookkeeping services. This platform approach quickly gives companies financial clarity into how their business is performing as well as a scalable infrastructure to support daily business operations. All of this comes without the time, cost and effort of creating and managing a full in-house finance and accounting department. With Consero’s services, companies can afford Fortune 500 level financial tools no matter their size.

About Consero Global:
Founded in 2006 by Scott Tynes, Bill Klein and Kiran Jagannath, Consero disrupts the way businesses build and maintain their finance & accounting function. Through a cloud-based platform, Consero delivers the financial clarity and efficiency needed to drive a business forward. Strategic CFOs are adopting Consero’s cutting-edge, Finance as a Service model to free up time and understand how the business is performing. Serving more than 250 clients, Consero provides the control and insight needed to steer businesses toward success. Contact Consero for more information about gaining greater control of your financial operations.

 

SOURCE Consero Global

Italy Plans to Send Largest Ever Delegation of Digital Start-ups to CES in Las Vegas

MILAN, May 31, 2019 /PRNewswire/ — The Trieste-based Area Science Park, one of Italy’s leading research and innovation centres, is teaming up with Teorema Engineering and the Italian Trade Agency to bring a large delegation of digital start-up inventors and entrepreneurs to the Consumer Electronics Show, to be held in Las Vegas from January 7 to January 10, 2020. 

The idea is to select the best of Italian tech startups in order to showcase their achievements at the world’s largest tech show, and offer them the opportunity to present their talent and innovative skills on the global market.  

“In recent years, the Italian start-up market has grown significantly”, explains Stefano Casaleggi, Managing Director of Area Science Park. “The number of innovative startups has increased, the quality of the projects has improved, and meanwhile we are observing more and more synergy between these new realities and already established companies. We strongly believe that startups can be a driver for economic growth and for the competitiveness of the country’s industry. This is why, mindful of the positive results achieved last year, in 2020 we plan to bring the biggest delegation ever to CES next January.” 

In January 2019, Area Science Park and its partners brought to Las Vegas 50 startups coming from different sectors: Food, Health & Wellness, Smart Transportation, Smart Cities, Smart Home, Digital Service and Robotics. In 2020, the number of startups is expected to be significantly higher, with a particular attention to the field of the digital economy.    

The call for entries opens on June 15, 2019 and closes on July 30, 2019. The announcement of selection will be published on Area Science Park website (www.areasciencepark.it).

Area Science Park is a leader in public-private partnerships in fields as far-ranging as genetic medicine, process innovation, artificial intelligence and digital start-ups. Together with Teorema Engineering, Area has created The Italian Laboratory for Technology (Tilt), to assist early life high-tech companies. Among the partners for CES 2020 are the Italian Trade Agency, Cariplo Factory, B Heroes and e-Novia.

AREA Science Park

 

Cision View original content:http://www.prnewswire.com/news-releases/italy-plans-to-send-largest-ever-delegation-of-digital-start-ups-to-ces-in-las-vegas-300859370.html

SOURCE AREA Science Park

Violet PR Wins Two "Gold" Bulldog Awards For PR Excellence

MONTCLAIR, N.J., May 31, 2019 /PRNewswire-PRWeb/ — Today, New Jersey-based public relations firm, Violet PR, announced the company received two gold medals in the prestigious 2019 Bulldog PR Awards. Violet PR’s Twitter campaign boosting the P-TECH education network earned the top spot in the “Best Use of Social Media” category, and its economic development press trip promoting Pittsburgh’s innovation sector won “Best Campaign on a Shoestring Budget.”

The Bulldog PR Awards, which rank the most outstanding PR and communications campaigns, are the only national public relations contest judged exclusively by working journalists. The judges evaluate the entries based on creativity, originality, strategy, execution and results.

“We are honored to have received the top social media prize for creating an online platform connecting over 110 schools, 77 colleges and thousands of educators and students,” said April Mason, president and owner of Violet PR. “Our clients at IBM, who typically work with much larger, global agencies, were wowed by the results our four-person agency achieved.”

Violet PR’s winning social media campaign shined a spotlight on P-TECH, the STEM education model pioneered by the IBM Foundation. During the year-long campaign, Violet PR distributed over 2,400 original Tweets and built a following of 6,500-plus Twitter users on the @PTECHNetwork handle. The campaign reached over 35.5 million people, including global influencers like Ivanka Trump and U.S. Senator Amy Klobuchar.

Violet PR won another top prize for the Pittsburgh Innovation Tour, which helped transform the former steel town’s reputation into a destination for tech, artificial intelligence and biotech innovation. Violet PR recruited seven national reporters for this three-day press trip to Pittsburgh from news outlets including Fast Company, Forbes, Politico, VentureBeat, ZDNet and MedTech Insight. Over 20 favorable news stories appeared following the trip, resulting in 55 million impressions.

The Bulldog PR Awards received a record-breaking number of entries this year. To learn more about the 2019 Bulldog Stars of PR Awards, click here.

About Violet PR
Whether it’s rebranding a city, drawing attention to a revitalized neighborhood, or promoting a new sustainable development, Violet PR helps clients make a difference. Through a combination of news stories, social media and compelling content, our New Jersey-based boutique public relations firm helps clients attract more dollars and supporters. Follow Violet PR on Twitter @Violet__PR. For more information visit: https://www.violetpr.com/.

About Bulldog Reporter
Bulldog Reporter has been providing news, best practices and insights to PR and communications professionals since 1980. Filled with insights on topics critical to PR pros and communicators, including media relations, crisis communications, influencer marketing and many other topics you won’t find anywhere else, the Bulldog Reporter email newsletter brings you compelling and relevant articles, plus timely updates about journalist moves and agency news so you can stay on top of your PR game. The Bulldog Awards, the only PR awards program judged exclusively by working journalists, are run by Bulldog Reporter and celebrate the best and brightest in corporate communications and public relations. Bulldog Reporter, and the Bulldog Awards, are a subsidiary of Agility PR Solutions, a provider of media database, monitoring and PR measurement solutions for PR and communications professionals. https://bulldogawards.com/

 

SOURCE Violet PR

Artificial Intelligence (AI) Industry Report Update from Ocean Tomo Reflects Changes in the Singapore Patent Office Impacting AI Industry

CHICAGO, May 31, 2019 /PRNewswire-PRWeb/ — Ocean Tomo Analyst Kevin Bennett releases update to the Ocean Tomo Industry Analyst Report on Artificial Intelligence (AI). The announcement last month from the Intellectual Property Office of Singapore (IPOS) provides important details regarding the commitment to cut the timeline for AI patent issuance from up to 24 months to less than six months. The Ocean Tomo AI Report contains important details regarding eligibility as well as patent claim limitations. You can request a copy of the study here.

The rationale for the IPOS patent prosecution change is outlined by their CEO Daren Tang who said, “AI has become one of the biggest drivers of technological and societal change in the world, and it will increasingly underpin Singapore’s drive to build a digital economy.”

Ocean Tomo CEO, James E. Malackowski was not surprised by the announcement, indicating, “Ocean Tomo has met with a number of governmental bodies and IP-focused NGO’s throughout Europe and Asia seeking to understand better how their national patent office can facilitate local economic development. As a significant emerging technology, efforts to attract AI investment is likely the first of many such efforts.”

About Ocean Tomo

Ocean Tomo, the Intellectual Capital Merchant Bank® firm, provides companies with financial services related to intellectual property and intangible assets including financial expert testimony, valuation, strategy consulting, investment advisory, innovation management consulting and transaction brokerage.

Our Opinion, Management, and Advisory Services are built upon more than three decades of experience valuing intellectual property in the most rigorous of venues – State, Federal and international courts. Our financial, market and technical experts provide a unique understanding of the contributory value of proprietary innovation. This is the cornerstone of our business. This insight permeates every practice.

Subsidiaries of Ocean Tomo include Ocean Tomo Investment Group, LLC, a licensed broker-dealer under Federal and State securities law (brokercheck.finra.org Broker Check CRD #: 172912) and Ocean Tomo Hong Kong Ltd., dba, Ocean Tomo China, a joint venture between Ocean Tomo and Sinofaith IP Group.

 

SOURCE Ocean Tomo