Bitmain announces two new Antminer 17 series miners at World Digital Mining Summit

FRANKFURT, Oct. 9, 2019 /PRNewswire/ — Jihan Wu, Co-founder of Bitmain, announced two cryptocurrency mining models – S17+ and T17+ – from the Antminer 17 series at the World Digital Mining Summit (WDMS) in Frankfurt today.

Antminer S17+

Both new miners will come with improvements to power efficiency and hashrate. The Antminer S17+ has a hash rate of 73 TH/s and operates with a power efficiency of 40 J/TH + 10%, while the T17+ offers a hash rate of 64 TH/s and a power efficiency of 50 J/TH + 10%.

“Our new Antminers are at the forefront of mining innovation. They each represent the future of its rig design and power efficiency. We remain committed to our research and development capabilities and will continue to improve our devices,” said Mr. Wu at the WDMS.

Mr. Jihan Wu at WDMS 2019

By using dual tube heat dissipation technology, the miners have been designed so that the space between the air inlet to the air outlet has been reduced by 50%, improving heat dissipation effectively as well as reducing fan noise. Besides, a high temperature and fan abnormal protection mechanism has been built in to ensure the stable and safe operation of the miners.

Both Antminer S17+ and T17+ use the industry leading Exposed Die package solution and an optimized all-in-one design, making the models easily to be implemented and can adapt to mining farms of different sizes.

The Antminer S17+ and T17+ will be available for sale on Bitmain’s official website according to the following timing:

Selling Time: 11 October 2019, 19:00 GMT+8

Delivery Time: 01- 10 December 2019

About Bitmain

Founded in 2013, Bitmain transforms computing by building industry-defining technology in cryptocurrency, blockchain, and artificial intelligence (AI). Bitmain leads the industry in the production of integrated circuits for cryptocurrency mining, as well as mining hardware under the Antminer brand. The company also operates the largest cryptocurrency mining pools worldwide-Antpool.com and BTC.com. Bitmain technology supports a wide range of blockchain platforms and startups.

About the WDMS

World Digital Mining Summit (WDMS) is the largest digital mining event of the year. It is a two-day cryptocurrency mining summit with a focus on delivering the latest industry insights, high-class networking, and knowledge exchange.

Started in 2018, WDMS was the first and foremost meet up designed by Bitmain that brought global miners, entrepreneurs, and fellow enthusiasts together all in one place. This global mining summit showcased the leading minds and decision makers, which drove and pushed the crypto mining industry into the future. This year, WDMS is back to discuss ideas on the future of digital mining, blockchain, and more.

Contact

Antminer Marketing Department
antminer.marketing@bitmain.com

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SOURCE Bitmain

The Economist Group and Digital Marketing Institute report reveals critical talent and skills shortages are impeding marketing organizations

DALLAS, Oct. 9, 2019 /PRNewswire/ — As digital experiences are now at the heart of marketing, marketers are struggling to keep pace with consumer technologies and demands, and a pervasive talent gap continues to derail success. This is the key finding of Perpetual Evolution: The Interplay Of Talent and Technology in the Future Of Marketing, released today from The Economist Group in association with the Digital Marketing Institute (DMI).

Based on a survey of more than 500 marketing executives around the world, Perpetual Evolution demonstrates that while marketers understand the line between “traditional” and “digital” marketing no longer exists, 74% believe that marketing organizations face a critical talent shortage due to a lack of digital skills that will be needed to meet ongoing customer demands. This talent gap includes digital experiences, marketing experiences as well as soft skills.

To address this talent shortage, the research indicates that marketers will place a strong emphasis on recruitment (47% say they will focus “somewhat or much more” on recruitment), and a sizable number (40%) say they will focus on recruitment and reskilling of their existing workforce equally.

“Consumers today don’t just expect companies to understand their needs, they expect those needs to be addressed with highly relevant experiences on the platforms and devices of their choosing,” said The Economist Group’s Mina Seetharaman, EVP, Chief Strategy and Creative Officer. “Unfortunately, the majority of marketers we surveyed say they have not kept pace with the technologies their consumers are using, while at the same time identifying customer experience as the leading driver of marketing success. The success story, though, isn’t just one of technology, but of the talent who can adapt to the ever-changing tech landscape with a creative and customer-focused mindset.”

Future Success Relies on More Than Marketing Acumen
To drive future success, respondents identified the need for well-rounded professionals, as opposed to solely marketing specialists. In response to the question, “What skills and competencies will a future marketing workforce need to be successful in the next five years?”, nine of the top ten responses identify skills that are not typically associated with traditional marketing. These include technology skills (48%), openness to change (38%), adaptability (37%) and broader business knowledge (31%).

Marketers identified customer experience (84%), strategy and planning / brand management (79%) and data and analytics (76%) as very or somewhat important to their organizations’ success and business performance today. The focus largely stays consistent when considering the key drivers of organizational marketing success in the next five years: customer experience (81%), strategy and brand management (78%) and user experience (78%) emerged as important or very important.

The perceived significance of artificial intelligence (AI) in marketing is also notable. Fifty-two percent identify AI as the technology that will most influence the marketing function in the next five years — significantly higher than the next closest responses (mobile apps at 38%; voice/intelligent/digital assistants at 36%; and immersive technologies at 32%).

“Marketers are struggling with how to future-proof their organizations in the light of a skills challenge,” said Ken Fitzpatrick, DMI chief executive officer. “Those organizations that come out on top will be diligent about ongoing employee development to build agile teams that can easily adapt to an era of constant change.”

Perpetual Evolution: The Interplay of Talent and Technology in the Future of Marketing is available for download here.

About the Digital Marketing Institute
DMI is the global digital marketing professional learning and certification body with over 47,000 alumni members and partners in over 150 countries. Founded in Ireland with a U.S. office in Dallas, it is backed by Spectrum Equity, a leading U.S. based growth equity firm. Customers include IBM, Black & Decker, Microsoft, PwC, Millipore, University of Utah and the University of Vermont. DMI’s Global Industry Advisory Council, consisting of leaders from Coca-Coca, Facebook, Google, HubSpot, LinkedIn, IBM, IAB, WPP and more, provides input and oversight to DMI’s certification programs and industry trends.

About The Economist Group
The Economist Group is built on high-quality, independent analysis which runs through all of its businesses. Based in London and serving a global readership and client base, the group publishes print and digital products, produces global events, and offers a range of subscription and other services for clients and readers. Its flagship businesses include The Economist newspaper, and research and analysis division The Economist Intelligence Unit.

Media contact:
Laura Wooster
Lightspeed PR
+1 202-681-4010
laura@lightspeedpr.com

Jessica Keating / Tom Amos
The Economist Group
jessicakeating@economist.com / tomamos@economist.com 

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SOURCE Digital Marketing Institute

Gridsum Special Committee Engages Financial Advisor

BEIJING, Oct. 9, 2019 /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 announced that the special committee (the “Special Committee”) of the Company’s board of directors (the “Board”) has retained Houlihan Lokey (China) Limited as its financial advisor in connection with its review and evaluation of the preliminary non-binding proposal received by the Board on July 15, 2019 (the “Proposal”) from Guosheng Qi, Guofa Yu, their respective affiliated entities, and Beta Dynamic Limited, an affiliate of Hammer Capital Private Investments Limited.

No decisions have been made by the Special Committee with respect to the Company’s response to the Proposal or any other alternative transaction. The Special Committee has not set a definitive timetable for the completion of its evaluation of the Proposal or any other alternative transaction, and does not currently intend to announce developments unless and in the event a definitive agreement has been reached. There can be no assurance that any definitive offer will be made, that any agreement will be executed or that the transactions contemplated by the Proposal or any other alternative transaction will be approved or consummated.

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 and the Gridsum Prophet: Enterprise AI Engine, 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. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and assumptions about Gridsum and the preliminary non-binding proposal. Further information regarding risks and uncertainties faced by Gridsum is included in Gridsum’s annual report on Form 20-F and other reports filed with, or furnished to, the U.S. Securities and Exchange Commission. All information provided in this press release 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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Artificial Intelligence Working To Detect Auto Insurance Fraud

PARIS and BOSTON, Oct. 9, 2019 /PRNewswire/ — L’olivier – assurance auto, an auto insurer and French subsidiary of the English group Admiral, a European leader in automobile insurance, is joining InsurTech Shift Technology to fight against car insurance fraud.

Shift Technology (PRNewsfoto/Shift Technology)

THE IMPLICATIONS OF INSURANCE FRAUD

According to insurance magazine l’Argus de l’Assurance, in 2014 fraud represented 2.5 billion Euros in damages, only €219M of which have been recovered by insurers. Faced with such high figures, which are also on the increase, the aim of L’olivier is to rely on artificial intelligence and data science to automate and optimize the detection of suspicious claim files.

For L’olivier, a direct insurer created in 2011, it was important to reinforce its plan to fight against fraud by establishing a dedicated unit: “Shift will help us in building out our capabilities. Their solution improves our ability to detect fraud by reducing the number of irrelevant cases, at the same time as it enhances our ability to prove fraud by providing administrators with avenues of investigation, enabling us to avoid payment of fraudulent claims,” explains Janny Druon, head of the Claims Analytics team at L’olivier.

THE FIGHT AGAINST FRAUD: A VEHICLE FOR FAIRNESS AMONGST CUSTOMERS

The question of the insurance premium lies at the heart of the approach: “Fraud systematically increases the price of all insurance policies, forcing all policyholders to bear the costs of the behavior of a few fraudsters. At L’olivier, we are convinced that every policyholder should pay ‘a fair price.’ Fighting actively against fraud is a way of re-establishing fairness for our policyholders, something that is a central value in the culture of L’olivier. Shift will help us to carry on offering the lowest price,” asserts Pascal Gonzalvez, CEO of L’olivier.

Further, thanks to Shift’s Force solution, administrators know whether or not a claim contains elements of fraud in near real time. The algorithms and scenarios for detection offered by Shift speed up the time it takes to process the fraud investigation.

We are extremely proud of the collaboration between Shift and L’olivier, and of being able to fully commit to the values upheld by L’olivier. The implications of fighting against insurance fraud go far beyond the issue of the savings made by the insurer. First and foremost, it is a matter of customer experience and satisfaction. It is all about putting the policyholder at the center of the insurer’s concerns,” explains Jeremy Jawish, CEO of Shift Technology.

THE INSURER’S EXPERTISE COUPLED WITH THE AI OF THE SHIFT SOLUTION

L’olivier’s professional teams are already working closely with Shift’s data scientists in numerous workshops: it is the combination of the insurer’s expertise and Shift’s data processing capacity that makes the Force model unique. As well as the insurer’s data (claims data, contracts, survey reports, among others), Shift recovers and analyzes external information such as meteorological data, satellite images or even web data. These data increase the appraisal abilities of the AI model, thanks to the creation and balancing of new variables, allowing potential fraud to be reported in a very precise manner. “Shift is also capable of analyzing unstructured data, such as photos, invoices or experts’ reports, and of using Natural Language Processing methods to extract structured information which is useful for fraud detection,” Arnaud Grapinet, Chief Data Scientist with Shift, points out.

THE NEXT STEPS

After an initial calibration phase of the Shift solution in terms of the claims portfolio and data of L’olivier, by the end of this year the insurer will be able to automatically receive alerts for potentially fraudulent claims on a daily basis, sent directly via an intuitive, user friendly interface. But Shift’s support doesn’t end there: a data scientist dedicated to L’olivier is continuously engaged in improving the scenarios released in order to make them even more relevant.

ABOUT L’OLIVIER ASSURANCE AUTO
L’olivier – assurance auto belongs to one of the leading online insurance companies on the European market. Launched in France in 2011, it aims to shake up the market by offering both quality services and attractive prices, all based on each individual’s lifestyle.

This company, which is reminiscent of a start-up, is built on an integrated ecosystem (sales service, claims and customer service based 100% in France) and has been ranked every year since 2015 among the Great Place To Work list of companies in France that are good to work for.
https://www.lolivier.fr/

ABOUT ADMIRAL GROUP
Admiral is an insurance company established in 1993 in the United Kingdom which originally specialized in car insurance. In 2005 it revolutionized the market by offering Multicar, a unique product designed to offer better prices and make life easier for all of its customers owning more than one vehicle. Admiral’s product range diversified and the insurer now offers other insurance products, such as home, travel, animals, horse-boxes, etc. Admiral group, established in several international markets through its subsidiaries Admiral Seguros in Spain, Conte in Italy, L’olivier in France and Elephant in the USA, has over 6.5 million customers and more than 6000 employees around the world.

ABOUT SHIFT TECHNOLOGY
Shift Technology delivers the only AI-native fraud detection and claims automation solutions built specifically for the global insurance industry. Our SaaS solutions identify individual and network fraud with double the accuracy of competing offerings, and provide contextual guidance to help insurers achieve faster, more accurate claim resolutions. Shift has analyzed hundreds of millions of claims to date, and was named by CB Insights to the 2018 Global AI Top 100. For more information please visit www.shift-technology.com.

Contact:
Shift Technology
Rob Morton
Corporate Communications
rob.morton@shift-technology.com  
617-416-9216

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SOURCE Shift Technology

Datar Cancer Genetics Announces Positive Results With 42.9% Objective Response Rate, and 90.5% Disease Control Rate in Heavily Pre-treated Patients With Ultra-personalised Pan-cancer Treatment Protocol in the RESILIENT Trial

LONDON, MUMBAI, India and BAYREUTH, Germany, Oct. 9, 2019 /PRNewswire/ —

Datar Cancer Genetics Limited Logo

– RESILIENT Protocol captures Encyclopedic information from tumors and uses Artificial Intelligence (AI) to optimize treatments;

– Objective Response and Disease Control Comparable to or better than most Immunotherapy options;

– Unique Ultra-personalised combination of drugs already approved for cancer;

– RESILIENT Protocol commercially launched

Datar Cancer Genetics, a cancer research company, today announced positive data from the phase II/III RESILIENT trial intended to validate clinical benefit for cancer patients who have run out of treatment options under the present standard of care guidelines. The study achieved its primary and secondary end points of Objective Response Rate, Progression Free Survival and Disease Control Rate respectively.

Drug resistant cancers present a serious clinical challenge since there are virtually no treatments available and the prognosis is invariably poor. As a large proportion of all patients with advanced cancers ultimately progress towards this phase, life extending treatment options for these patients are urgently required.

The RESILIENT Protocol is designed to analyse all functional layers of a cancer cell i.e., DNA, RNA, proteins and germline genetics as also the chemoresistance/sensitivity of live tumour cells. This data is integrated through an Artificial Intelligence algorithm to derive treatment regimens which are most efficacious and yet show the least risk of toxicity.

RESILIENT is the world’s first and only prospective Precision Oncology trial where drug combinations were selected on multi-analyte integration. Most prior trials based on a single molecular alteration for drug selection had dismal outcomes. 143 patients started treatment and 126 patients were evaluable as per study criteria. All patients underwent PET-CT and Brain MRI scans prior to start of treatment to establish extent of disease. Treatment response was determined by follow-up PET-CT and MRI scans.

In the majority (90.5%) of patients, further spread of cancer was effectively halted. In 42.9% of patients, treatments also led to a significant decrease in the extent of cancer. Remarkably, among the 12 patients where disease progressed, no new metastases were reported in 9 patients. There were no serious treatment related adverse events or deaths. Most patients reported stable to improved quality of life.

The data of the RESILIENT Trial is published in the peer revived oncology journal ‘Oncotarget’ (https://doi.org/10.18632/oncotarget.27188)

“The RESILIENT trial marks a watershed moment for molecular oncology as it unequivocally proves that patients who have failed even 2 to 3 lines of treatment can benefit from already approved drugs if comprehensive tumour analysis is used to guide treatments. Patients in the United Kingdom and all over the world have much to gain from the outcome of this trial,” said Dr. Tim Crook, Medical Oncologist at the St. Luke’s Cancer Centre, Royal Surrey County Hospital, Guildford, UK, who is one of the authors of the publication.

Datar is a leading cancer research corporation specialising in tumour analysis for better diagnosis, treatment decisions, and management of cancer. Datar’s research initiatives are poised to bring about meaningful, patient-friendly and practice changing advancements in cancer treatment. Datar is also pursuing Adoptive Cell Immunotherapy for Multiple Solid Organ Cancers.

For more information please contact:

Dr. Vineet Dattadrvineetdatta@datarpgx.com

Dr Stefan Schusterdrstefanschuster@datarpgx.com

Datar Cancer Genetics – info@datarpgx.org

Related Links

https://doi.org/10.18632/oncotarget.27188

https://doi.org/10.1093/annonc/mdz268.061

https://datarpgx.com/encyclopedic-tumor-analysis-exacta/

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SOURCE Datar Cancer Genetics Ltd

Majority Of Global Consumers Frustrated With Disconnected Experiences, 72% Willing To Seek Out Alternatives

SAN FRANCISCO and LONDON, Oct. 9, 2019 /PRNewswire/ — MuleSoft, provider of the leading platform for building application networks, today released a new global study that reveals four out of five consumers continue to receive disconnected experiences from organizations. As a result of this continued frustration, consumers are more willing than ever to seek out new service providers that can deliver connected, personalized experiences. Based on the findings from the Customer Experience and the Connectivity Chasm report, it is clear that organizations must deliver the connected experiences consumers expect or risk losing their loyalty and business.

MuleSoft (PRNewsfoto/MuleSoft)

“Globally, consumers are feeling the effects of data silos that create disconnected experiences,” said Simon Parmett, CEO, MuleSoft. “To meet consumer expectations, organizations must integrate disparate data sources to better understand their customers and make every touchpoint an opportunity to earn loyalty and add value. With the help of APIs and API-led integration, brands can position for future innovation, create more meaningful relationships and earn customer trust.”

Frustration with disconnected experiences continues
Globally 82% of consumers believe organizations in at least one of the five sectors surveyed – banking, insurance, retail, healthcare and public sector – provide a disconnected experience, failing to recognize preferences across touchpoints and provide relevant information in a timely manner. This figure indicates a lack of improvement in customer experience (81% in 2018) and is pushing consumers to consider new service providers.

  • Nearly three-quarters (72%) of global consumers would consider changing service providers in response to receiving a disconnected experience.
  • Younger consumers aged 18-34 years old are the least tolerant of disconnected experiences (78%) and are more willing to change providers compared to older consumers aged 35-54 (71%) and 55+ (70%).
  • Consumers in Singapore (87%), the U.S. (78%) and Australia (77%) are the most likely to consider changing providers as a result of a disconnected experience.

Consumers are conflicted with sharing data to fuel connected experiences
To receive a more personalized experience, 61% of global consumers would be willing for service providers in at least one of the sectors surveyed – banking, insurance, retail, healthcare and public sector – to share relevant personal information with partners and trusted third parties.

  • 79% of 18-34 year olds – millennials and generation Z – indicate they would be willing for providers in at least one of the sectors surveyed to share their relevant personal information with partners and trusted third parties to receive a more personalized experience.
  • However, more than half of consumers (53%) say they’ve become more wary about sharing personal data over the last 12 months.
  • In fact, only 42% of consumers think data protection legislation has improved how organizations use personal data.
  • Consumers in the U.S. (37%), Germany (37%), Australia (33%) and Japan (30%) were the least confident that data protection legislation has improved how organizations use personal data.

Across industries, consumers want organizations to nail the basics
The report shows that across industries, consumers’ expectations continue to evolve, but getting the
basics right is vital to maintain customer satisfaction and loyalty.

  • 80% of consumers say out-of-date or inaccurate data (e.g., inventory availability, delivery tracking information) would make them more likely to shop with an alternative retailer next time.
  • The most important factors in determining retail customer loyalty are cost (63%), the accuracy of inventory availability / real-time delivery information (41%), in-store customer experience (40%), and consistent experiences across in-store, online and mobile (36%).
  • More than a quarter (27%) of people have switched or considered switching their bank in the last 12 months in order to receive a better digital experience. This number is even higher (49%) amongst 18-34 years olds.
  • Consumers say that filing a claim with insurance providers is the most time-consuming (70%) and the second most complicated (40%) task.
  • 61% of consumers think that healthcare providers make effective use of the data made available to them (e.g., personal health data from wearable tech and apps) to deliver a better standard of care. This is a significant increase from 42% in 2018.
  • 73% of citizens polled feel public sector organizations lag behind the private sector when it comes to providing connected multi-channel services.

The Coherence Economy takes off among millennials
Consumers are starting to become more familiar with engaging multiple service providers through one application or experience. Common experiences like using a music streaming service via a ride hailing app and integrating multiple financial accounts into a planning app are part of the broader Coherence Economy – a new approach to customer engagement where multiple brands partner to add value through an ecosystem approach.

  • More than a quarter (27%) of global consumers say they often engage with multiple service providers through a single app or experience.
  • This number climbs to nearly half (49%) for 18-34 year olds, indicating millennials’ desire for these experiences.
  • Interestingly, consumers in the U.K. (21%) and U.S. (24%) are less frequently engaged in coherent experiences compared to those in France (36%) and Singapore (47%).

“Organizations must cultivate partnerships to surprise and delight consumers. In the Coherence Economy, organizations need to develop strategies to collaborate with partners in a digital ecosystem and orchestrate personalized experiences for consumers,” said Uri Sarid, CTO, MuleSoft. “In order to innovate at scale and accelerate the delivery of products and experiences to customers, organizations will likely need to leverage a majority of third party services. By leveraging an API-led approach to integration, brands across all industries can easily connect their applications, data and devices to provide a holistic view of the consumer and easily empower new, connected experiences.”

Research Methodology
This global survey was commissioned by MuleSoft and independently carried out by Opinium Research. The total sample size was 9,030 adults: U.K. (2,002 adults), U.S. (2,003 adults), Germany (1,000 adults), France (1,002 adults), Australia (1,000 adults). Singapore (1,010 adults) and Japan (1,013). Demographic split 18-34 years-old (2,084 adults), 35-54-years-old (3,410 adults) and 55+ years-old (3,536 adults). Fieldwork was undertaken online between 15-22 August 2019. The figures have been weighted and are representative of adult populations (aged 18+).

About Anypoint Platform
MuleSoft’s Anypoint Platform™ is a leading application network platform. It allows organizations to create composite applications that connect apps, data, and devices through API-led connectivity to form a flexible application network. Anypoint Platform is a unified, single solution for iPaaS and full lifecycle API management, both on-premises and in the cloud.

About MuleSoft, a Salesforce company
MuleSoft’s mission is to help organizations change and innovate faster by making it easy to connect
he world’s applications, data and devices. With its API-led approach to connectivity, MuleSoft’s market-leading Anypoint Platform™ empowers thousands of organizations to build application networks. By unlocking data across the enterprise with application networks, organizations can easily deliver new revenue channels, increase operational efficiency and create differentiated customer experiences. For more information, visit https://www.mulesoft.com.

About Salesforce
Salesforce is the global leader in Customer Relationship Management (CRM), bringing companies closer to their customers in the digital age. Founded in 1999, Salesforce enables companies of every size and industry to take advantage of powerful technologies—cloud, mobile, social, internet of things, artificial intelligence, voice and blockchain—to create a 360-degree view of their customers. For more information about Salesforce (NYSE: CRM), visit: www.salesforce.com.

MuleSoft is a registered trademark of MuleSoft, Inc., a Salesforce company. All other marks are those of respective owners.

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SOURCE MuleSoft

Icertis Wins Industry-Leading Artificial Intelligence Award For AI Innovation in Contract Management

DUBAI, United Arab Emirates, Oct. 9, 2019 /PRNewswire/ — Icertis, the leading provider of enterprise contract management in the cloud, was named Best Application of Artificial Intelligence (AI) in Contract Management at the Ai Everything and Forbes AI Brave Awards. The acknowledgment underlines Icertis’ success in infusing AI in its category defining Icertis Contract Management (ICM) platform. ICM helps customers digitally transform how they manage their contracts worldwide and solve previously intractable contracting challenges with the transformative power of modern AI technology.

Icertis Logo

For the first time in history contracts are being digitized. With arguably one of the largest, varied and relevant contract repositories in the world with more than 6.5 million contracts representing more than $1 trillion of managed contract value, Icertis is using AI to turn these once-unstructured documents into live, strategic assets for its customers. In addition, with Icertis’ AI applications built on the ICM platform, companies can not only quickly digitize third-party contracts without manual review, but also analyze past negotiation history to gain insights for improvement, and unleash deep data visualization capabilities that provide unprecedented visibility into contract relationships and performance.

“We’re honored to receive this award from Ai Everything, an organization dedicated to working with innovators and companies globally to uncover ground-breaking solutions employing artificial intelligence technology,” said Monish Darda, CTO and Co-founder of Icertis. “Most recent applications of AI in contract management have focused on the legal aspects of contracts and clauses – we believe that because we deeply participate in the business process through contracts, we are uniquely positioned to unleash the transformative power of AI for our customers. And with the confluence of AI with distributed ledgers/blockchain technology, this paves the way for us to redefine this space.”

The data in the millions of contracts Icertis manages represents thousands of contract types and templates, and a taxonomy curated from hundreds of thousands of clauses – all mapped to customers’ distinctive semantic structures. The ICM platform leverages AI to better understand the meaning of clauses and to identify what contract language could pose risks or opportunities to the enterprise, creating value where there was none before.

“Icertis embodies the break through innovation this award celebrates. By deeply embedding AI in their platform, Icertis is providing unprecedented visibility into contract relationships and performance,” said Trixie LohMirmand, Senior Vice President, Dubai World Trade Centre. “The calibre and quality of our entrants was impressive, but Icertis stood out as a business that is continuously striving for innovation, exemplified through its cutting-edge solutions and approach to contract management challenges, which continue to grow in complexity.”

Hosted in association with Forbes AI, the Ai Everything Brave Awards celebrate the very best in AI adoption and innovation among top global companies; recognizing exceptional lab-to-live solutions, industry applications and pilot projects in AI. This recognition is the latest success for Icertis, and follows this year’s IACCM Innovation and Excellence award for ‘Outstanding Service Provider’ in EMEA, providing further evidence that Icertis is driving innovation within contract management. 

Ai Everything Brave Awards Dubai, 2019: Ai Everything is hosted by the UAE’s National Program for Artificial Intelligence with the support of global association partners International Telecommunication Union (ITU) and the World Intellectual Property Organization (WIPO), in strategic partnership with Smart Dubai.

About Icertis 
Icertis, the leading enterprise contract management platform in the cloud, solves the hardest contract management problems on the easiest to use platform. With Icertis, companies accelerate their business by increasing contract velocity, protect against risk by ensuring regulatory and policy compliance, and optimize their commercial relationships by maximizing revenue and reducing costs. The AI-infused Icertis Contract Management (ICM) platform is used by companies like 3M, Airbus, Cognizant, Daimler, Microsoft and Sanofi to manage 6.5 million contracts in 40+ languages across 90+ countries.

Icertis Media Contact: 
Haley Flanagan 
Corporate Communications Manager 
Icertis 
CorpComm@icertis.com 

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SOURCE Icertis

Better Therapeutics Publishes Study Estimating the Health Economic Impact of Digital Therapeutics in Type 2 Diabetes and Hypertension

SAN FRANCISCO, Oct. 9, 2019 /PRNewswire-PRWeb/ — Today, Better Therapeutics, a company developing prescription digital therapeutics for the treatment of cardiometabolic diseases, announced the publication of its fifth peer-reviewed study titled Estimating the impact of novel digital therapeutics in type 2 diabetes and hypertension: Health economic analysis.

“Chronic diseases including diabetes and heart disease affect half of all adults in the US and account for nearly 80 cents of every healthcare dollar spent. Digital therapeutics that deliver behavioral interventions focused on lifestyle demonstrate potential benefits over traditional therapies like medications and surgeries that treat the effects of disease while leaving the causes in place. They can increase patient access because they are inherently scalable, continuously delivered, and have demonstrated both clinical and cost-effectiveness in diabetes and hypertension,” said Kevin Appelbaum, CEO and study co-author.

The economic analysis estimated cost savings of $145 per patient per month (PPPM) in diabetes, and $97 PPPM in hypertension. These savings are realized by addressing the behaviors and lifestyle factors that are the root causes of disease, reducing the ongoing need for prescription medications. The potential cost savings increases substantially (30-60%) in moderately severe to severe patient populations. The intervention would be cost-effective at total three-year program costs of $6,468 for diabetes and $6,620 for hypertension.

Read the complete study here.

“Our analysis concluded that Better’s digital therapeutics for diabetic and hypertensive patients may provide substantial improvements in patient outcomes resulting in lower health resource utilization and costs, mostly resulting from decreased need for medications,” said health economist and lead author, Bob Nordyke, PhD.

About Better Therapeutics
Better develops prescription software for treating cardiometabolic diseases. By integrating elements of neuroscience, lifestyle medicine, and artificial intelligence, the company has created a new modality for treating a broad range of conditions that share common root causes. The company’s digital therapeutics have been validated in peer-reviewed and published clinical trials. Better is commercializing its disease reversal program with health plans, while pursuing regulatory approval of its first prescription digital therapeutic for treating type 2 diabetes. The company is headquartered in San Francisco, CA, and is a member of the Digital Therapeutics Alliance.

SOURCE Better Therapeutics

IFS Lays out Blueprint for New era of Intelligent and Autonomous Enterprise Solutions

BOSTON, Oct. 9, 2019 /PRNewswire/ — IFS, the global enterprise applications company, today unveiled its evolved industry-focused architecture at IFS World Conference 2019 in Boston.

Faced with uncertainties driven by the pressures of digital transformation and threats of disruption, businesses around the world are in need of software vendors whose primary focus is on outcomes rather than exclusively on technology. Today, IFS demonstrated its outcome-centric approach by revealing its vision for how new technologies will be brought into its core application architecture and delivered to customers in context of their unique work and industry needs.

The evolved industry-focused architecture is scheduled for availability in 2020 and will be the new home to IFS’s entire portfolio of products across manufacturing, project management and service solutions. In essence, this new approach will allow customers to integrate enabling technologies such as internet of things (IoT), augmented and mixed reality (AR/MR), artificial intelligence (AI) and machine learning (ML) in pragmatic and focused ways so they can optimize, automate, predict and interact better across their business.

IFS has been evolving its technology foundations over an intensive and sustained period of engineering development. The focused work has encompassed model-driven declarative development, the intuitive IFS Aurena user experience (UX), and native API enablement of the entire set of capabilities. These enhancements will let IFS and its entire ecosystem innovate at a higher pace and deliver new functionality to customers faster.

Designed to ensure speed, elasticity, and choice, the evolved architecture is built for both cloud and on-premises using container technology and Kubernetes, which allows for running at hyper-scale in the cloud while ensuring portability across clouds and on-premise. It will provide data management and readiness that empowers customers to plug and play advanced technologies such as AI, ML and robotic process automation (RPA) with any solution set in the IFS offering.

At the IFS World Conference this week, in front of thousands of attendees, IFS previewed how these technologies play in reality: 

  • Digital twins and monitoring of assets
  • Real-time predictive maintenance planning
  • AR/MR-powered remote assistance for service and maintenance scenarios

By establishing an `evergreen’ approach, IFS gives customers the option to always be on the latest version of their applications without the disruptions that come with full-scale upgrades. This also provides customers greater visibility, predictability, control and flexibility in planning their own business development and adopting new capabilities from IFS.

“The blueprint my team has shared today is underwritten by a fully operational plan to deliver an open and scalable architecture to our customers with the right set of capabilities needed for their Industries,” said IFS Chief Product Officer Christian Pedersen. “For IFS, this has always been about architecting a core for our applications that would be fundamentally open and enabled. With today’s announcement, we are demonstrating that we are delivering on the promise of a core that has choice quite literally built into it, enabling our customers to benefit faster and easier for new and emerging technologies in context of their business needs and opportunities.” 

Learn more about IFS’s solutions at www.ifs.com/corp/solutions/.

To learn more about IFS’s technology foundations, visit www.ifs.com/corp/solutions/technology/

CONTACT:

Lyndsey Rojas
IFS Director of Communications
Phone: +1-216-339-9144
press@ifs.com

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SOURCE IFS

Technomic uses predictive analytics to identify top menu ingredients to watch and help clients anticipate industry shifts

CHICAGO, Oct. 9, 2019 /PRNewswire/ — Technomic has provided the foodservice industry with trend insights, analytics and expertise for over 50 years. The company is now leveraging artificial intelligence tools by way of machine learning and natural language processing to create predictive tools for the foodservice industry. These tools will identify menu trends and help clients stay ahead of industry shifts.

Technomic uses time-series modeling to determine future menu trends. The predictive model also leverages historical menu trends, social listening tools and consumer sentiment to forecast how ingredients, flavors or dishes will trend in the coming years.

“Our analysts here at Technomic have always had these kinds of tools available, but now we’re taking our forecasting to another level,” explains Lizzy Freier, senior managing editor. “By elevating our analytics practices, we can be more forward-looking and confident in our predictions. Brands can use these enhanced resources to make more informed business decisions and position themselves as thought leaders.”

Technomic has shared a sample of its predictive analytics capabilities with a whitepaper showcasing 10 ingredients expected to have the highest growth in restaurants in the next two years. The whitepaper is available for download:  https://www.technomic.com/membership-programs/menu-trends

Technomic’s Ignite platform delivers the necessary tools and insights to support growth initiatives. In addition to its predictive menu features, Ignite offers company intel, consumer data and robust report libraries.

About Technomic

Technomic, Inc., a Winsight company, was founded as a management consulting firm in 1966. Since then, Technomic’s services have grown to encompass cloud-based B2B research tools, consumer and menu trend tracking, as well as other leading strategic research and analytic capabilities, to prioritize and size business opportunities. Our clients include food manufacturers and distributors, restaurants, retailers and multiple other business verticals aligned with the food industry that are looking to make informed decisions to support their business growth. Visit Technomic at www.technomic.com.

About Winsight LLC

Winsight LLC is a recognized leader in business-to-business media and information services for the convenience-retailing, foodservice and grocery industries. Winsight has an extensive media portfolio, including five publications: CSP, Restaurant Business, FoodService Director, Convenience Store Products and Winsight Grocery Business. Winsight also offers a suite of digital products, including websites, e-newsletters, webinars, video products, mobile and tablet apps, and custom marketing solutions. In addition to more than 12 major EduNetworking conferences and advisory meetings, Winsight also produces seven exclusive, large-scale executive-level conferences: Restaurant Leadership Conference, Global Restaurant Leadership Conference, Outlook Leadership Conference, Convenience Retailing University, FSTEC, MenuDirections and Restaurant Directions. In 2015, Winsight acquired Technomic Inc., a provider of primary and secondary market information and advisory services for the food industry. For more information on Winsight and its brands, go to www.winsightmedia.com.

Contact: Patrick Noone, (312) 506-3852, pnoone@technomic.com

 

Technomic Inc. Logo. (PRNewsfoto/Technomic)

 

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SOURCE Technomic